Luxury Ritz-Carlton Condos Aren’t Selling in “Liberal Cesspool” Portland

Luxury Ritz-Carlton Condos Aren't Selling in "Liberal Cesspool" Portland

(Zero Hedge)—Luxury units at the Ritz-Carlton Residences in downtown Portland are now being marketed at discounts of up to 50%, according to local reporting from KGW and the Portland Business Journal. What stands out to us is that developers believed Portland was a luxury market to begin with and, more ambitiously, one capable of supporting a high-end mixed-use skyscraper that includes a Ritz-Carlton hotel and retail space. Now Christie’s Intern…

Luxury Ritz-Carlton Condos Aren’t Selling in “Liberal Cesspool” Portland

(Zero Hedge)—Luxury units at the Ritz-Carlton Residences in downtown Portland are now being marketed at discounts of up to 50%, according to local reporting from KGW and the Portland Business Journal. What stands out to us is that developers believed Portland was a luxury market to begin with and, more ambitiously, one capable of supporting a high-end mixed-use skyscraper that includes a Ritz-Carlton hotel and retail space. Now Christie’s Intern…