Portland Ritz-Carlton Faces Foreclosure - American Faith

Portland Ritz-Carlton Faces Foreclosure - American Faith

Portland’s flagship luxury high-rise, the $600 million Ritz-Carlton tower, may soon change hands as its developers prepare to surrender the property to their lender. Struggling with the economic aftershocks of COVID-19 and years of downtown unrest, the 35-story tower—Block 216—has failed to reach profitability. The project was funded by a $510 million loan, but the tower is now appraised at only $425 million. Developer BPM Real Estate Group and …

Another Blue City Luxury High-Rise Goes Belly-Up

$600m Portland Ritz-Carlton building may be liquidated after catastrophic opening following Antifa riots and Covid

https://thepostmillennial.com/600m-portland-ritz-carlton-building-may-be-liquidated-after-catastrophic-opening-following-antifa-riots-and-covid