Good morning Redmond! Your connection to what's happening around town is here. Take a sip of coffee and read on. ☀️
In today's newsletter:
Also on today's calendar: Drop-In Play at the Redmond Community Center at Marymoor Village and 9 more events.
Today's riddle: What do you call advice from a cow ? 🤔 (Answer below!)
• Wall Street, Microsoft workers keep watch as company charts AI spending (newstribune.com) — Microsoft's Redmond-based headquarters is navigating a volatile year as massive AI investments drive up capital spending, rattle Wall Street, and contribute to layoffs even while profits soar. Local employees face a flatter headcount, a new reskilling "control room," and ongoing job cuts, while leaders juggle Copilot's future, Windows changes, and investor doubts about whether AI spending will truly pay off.
• FedEx Lease Rollover Raises Industrial CMBS Refi Risk (credaily.com) — A major FedEx facility in Redmond secures a $45.1 million loan, with its lease set to expire in July 2028 well before the loan's 2030 maturity, raising refinancing and re-leasing questions for that property. The analysis explains how FedEx's broader station closures and lease rollovers could affect similar industrial sites nationwide, emphasizing the importance of local market conditions when those Redmond loan deadlines approach.
• Thousands attend Colorado firefighter memorial service (denvergazette.com) — A longtime Redmond firefighter, Bryan Martin, helped lead the pipe-and-drum band at a major Colorado Springs memorial honoring 288 fallen firefighters from across North America. His reflections on risk, brotherhood, and honoring the dead connect Redmond's fire community to national concerns about firefighter cancer, safety practices, and new recognition of occupational disease in the line of duty.
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Ok Redmond! So now you're in the loop about what's happening today. Thanks for reading, and see you in your inbox next time! Oh -- and if you like what you're reading, invite a friend to Patch AM!
-- The Patch AM Team
P.S. The answer to today's riddle: Beef Tips (Thank you Gary M. for sending it in!)
Got a good riddle for PatchAM? Submit it here!
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