A11 B USINESS THE BULLETIN • TUESDAY, MARCH 23, 2021 p DOW 32,731.20 +103.23 p bendbulletin.com/business p NASDAQ 13,377.54 +162.31 BRIEFING S&P 500 3,940.59 +27.49 q 30-YR T-BOND 2.38% -.07 p q CRUDE OIL $61.47 +.05 GOLD $1,737.80 -3.60 BY DAVID KOENIG The Associated Press Ryan Brennecke/Bulletin photos A section of the newly remodeled bar at Cascade Lakes Brewing Co., seen on Thursday. New beer, new digs BY SUZANNE ROIG • The Bulletin Microsoft to bring workers back to HQ Microsoft will begin bringing workers back to its suburban Seattle global headquarters on March 29 as the tech gi- ant starts to reopen more facilities it largely shut- tered during the corona- virus pandemic. In a post Monday on the company’s corporate blog, Executive Vice Pres- ident Kurt DelBene said Microsoft has been mon- itoring local health data and decided it can bring more employees back to its Redmond, Washing- ton, campus. DelBene said workers will have the choice to return to headquarters, continue working re- motely or do a combina- tion of both. More than 50,000 peo- ple work at the compa- ny’s headquarters cam- pus in Redmond, 15 miles east of Seattle. C U.S. home sales fall; prices rise Andy Rhine, general manager at Cascade Lakes Brewing Co., assembles a set of chairs to place around the newly installed fire pit while preparing to reopen the brewery. Sales of previously occupied U.S. homes slowed last month as ris- ing prices and a dearth of homes for sale kept some would-be buyers on the sidelines. The National Associa- tion of Realtors said Mon- day that existing homes sales in February fell 6.6% from January to a season- ally-adjusted rate of 6.22 million annualized units. Sales were up 9.1% from February last year, before the pandemic upended the economy and tempo- rarily held up home sales last spring. Severe winter weather across much of the U.S. was likely a factor in the slowdown, which marked the first monthly sales decline in two months. However, a recent rise in mortgage rates was not, as February sales largely reflect contracts signed weeks before the up- tick in rates. The report showed that the U.S. median home price was $313,000 in February, up 15.8% from a year earlier. — Bulletin wire reports p EURO $1.1942 +.0033 Industries push U.S. to ease travel restrictions CASCADE LAKES BREWING CO. Seattle bakery falls to pandemic Seattle’s century-old landmark Remo Borrac- chini’s Bakery is closing, another business ravaged by the pandemic. The family bakery in south Seattle was known for its birthday and wedding cakes and announced Saturday on Facebook that it is closing for good after 100 years in business. The local icon said it was “in the party busi- ness,” which has been devastated by the year- long stay-at-home orders. Within three hours, there were nearly 1,000 com- ments on the announce- ment. “(W)e are in the party business. The problem with that is no one has been gathering over this past year to have those parties. Needless to say, it was devastating to our business. After consid- ering our options, we’ve made a very difficult deci- sion to remain closed per- manently,” the announce- ment said. The beloved bakery was featured in the chil- dren’s book “A Ticket to the Pennant: A Tale of Baseball in Seattle,” by Mark Holtzen, which was set in 1955 in Seattle. q SILVER $25.74 -.55 ascade Lakes Brewing Co. hadn’t changed its look much since 2004. It had the same logo. Largely the same beer options. And the same vibe at its Chandler Avenue pub in southwest Bend. Airlines and other tourism-related businesses are pushing the White House to draw up a plan in the next five weeks to boost international travel and eliminate restrictions that were imposed early in the pandemic. More than two dozen groups made their request in a letter to the White House on Monday. They want people who have been vaccinated against COVID-19 to be exempt from testing require- ments before entering the United States. They also want the U.S. Centers for Disease Control and Preven- tion to say that vaccinated people can travel safely. The groups say those and other steps will speed up the recovery of the travel and airline industries, which have been devastated by a plunge in travel during the pandemic. U.S. air travel is already picking up. More than 1 million people have passed through U.S. airport checkpoints each of the last 11 days, with Sunday’s total topping more than 1.5 million for the first time in more than a year. Passenger traffic is still below 2019 levels, however. The organizations set a May 1 target for the gov- ernment “to partner with us” on a plan to rescind year-old restrictions on international travel. The groups cited the recent decline in reported new cases, hospitalizations and deaths related to COVID-19 in the United States. “The time to plan for and chart a defined road- map to reopen international travel is now,” they wrote in a letter to White House virus-response co- ordinator Jeffrey Zients. The White House did not comment but referred to remarks by CDC Director Rochelle Walensky on Monday. Walensky said the health agency is working on new guidance for people who are vaccinated, but raised concern about recent increases in new reported cases of coronavirus in many European countries. Maker of Aplets & Cotlets candy to close after 101 years BY SIERRA DAWN MCCLAIN Capital Press When the governor issued her second shut down order in No- vember to contain the spread of the COVID-19 virus, Andy Rhine and his family, who purchased the brewery in 2018, used the down- time to revamp, relaunch and re- model the brewery. They reopened on Friday. The brewery now sports a more modern remodeled look, a re- vamped menu and different beer options. Rhine would not disclose how much was invested in the re- branding of the brew pub. Craft breweries often will re- brand or create new beers. Smaller brewing systems allow for such innovation, and using the disrup- tion caused by the pandemic as a positive in their business is some- thing that other brewers have done as well, said Bart Watson, Brewers Association chief economist. Craft breweries that have the financial resources are using this disruption from the pandemic to reinvest and reinvent, said Watson, whose asso- ciation is based in Colorado. “Brand and concept refreshes are a constant in the beer busi- ness,” Watson said. “Without hav- ing hard stats, I think we’re seeing a bit more right now, but some might be due to increasing com- petitiveness.” In 2019, the most current year data are available, there were 8,386 craft brewers nationwide, com- pared with 1,653 craft brewers in 2009 , according to the Brewers As- sociation. In Oregon, there were 311 craft breweries in 2019, com- pared with 124 in 2011 , according to data provided by the Brewers Association. Craft beer production grew 3.6% in 2019 , but beer produc- tion overall declined 1.6% as many found a plethora of alcohol op- tions competing in the arena. At Cascade Lakes, Rhine said, “We got excited by the opportu- nity. We elevated the look. The remodel is more of a modern Aspen-ski design and feel. We wanted to get back on the radar of our customers.” There also are more outdoor fire pits and outdoor seating, Rhine said. The ski gondola is still there, too. With the help of Ryan Schmiege , a former assistant brew- master at Deschutes Brewery, Cas- cade Lakes worked to elevate the quality and diversification of the beer. The brewery also is expand- ing its offerings to include barrel- aged beers, cider and hard seltzer, said Rhine. The Rhine family purchased the brewery from Rick Orazetti and Doug and Ron Kutella. Chris Justema, who was part of the pre- vious ownership, was initially re- tained as a shareholder of the com- pany, Rhine said. The company now, however, is solely owned by the family. A Bend High School graduate, Rhine said the entire family is in- volved and many are moving back to Bend. Cascade Lakes Brewing Co. is among the oldest Central Oregon breweries, having been founded in Redmond in 1994. The company operates two brewpubs, one in Bend and another in Redmond. Its beer is brewed in a 25-barrel sys- tem in Redmond. Among the big changes in the beer-making arena is the growth of new beers that Cascade Lakes is now producing, Rhine said. Typ- ically it would make three to five new beers, but now it’s more than 25 , Rhine said. Executive chef Jeff Kelly was hired and has revamped the menu, Rhine said. The brewery owners wanted to create a new memorable expe- rience from the beer to the pub’s ambiance. “We wanted to celebrate Cen- tral Oregon,” Rhine said. “So, now you’ll see a Cascade Lakes mural on the wall.” Reporter: 541-633-2117, sroig@bendbulletin.com CASHMERE, Wash. — After more than 100 years in business, Lib- erty Orchards Co., the Washington state maker of Aplets & Cotlets fruit candies, has announced it will permanently close June 1. Company president Greg Taylor, 72, grandson of Liberty Orchards co- founder Armen Tertsa- gian, said the family busi- ness has been seeking a buyer for several years with no luck. Taylor, who’s run the company 43 years, said he’s “very, very ready” to retire and the younger generations of the family are not inter- ested in keeping the oper- ation going. “It’s bittersweet, but definitely more sweet than bitter. Obviously, we’re disappointed it can’t continue, but it’s time for us all to move on,” Taylor told the Capital Press on Friday. “We’re so appre- ciative of all those who have supported our com- pany.” Liberty Orchards, founded in 1920, will continue to seek a buyer for its assets. Through the decades, the company has bought ingredients — concen- trates, purees and freeze- dried fruit — from pro- cessors worldwide. Apple concentrates were mainly sourced from Washing- ton state apples. The company’s closure Submitted photo will impact around 55 full-time employees. “We’re proud to have provided employment for thousands of families over the past more than 100 years,” said Taylor. The closure will mean people can no longer buy Aplets & Cotlets candies after this June. When the company released news of its im- pending closure, the community of Cash- mere, Washington, near Wenatchee, was shaken. “Liberty Orchards is part of Cashmere’s iden- tity,” Cashmere’s mayor, Jim Fletcher, told Eater Seattle, a food publica- tion. In a statement, the Cashmere Chamber of Commerce said that Lib- erty Orchards has made Cashmere “a traveler destination.” On Aplets & Cotlets’ Facebook announce- ment about closing, hundreds of people commented, many call- ing the upcoming clo- sure “heartbreaking” and “sad.” Many shared memories about touring the factory.