CBRE Announces $51MM Loan for Refinancing of Historic Office Property in Downtown Portland

CBRE has announced a $51 million loan for the refinancing of Historic Bank Block, a three-building creative office property in Downtown Portland. Mark McGovern and Brian Cruz of CBRE’s debt and structured finance team in San Diego arranged the $51 million loan on behalf of the owner of the property, an entity owned by certain funds managed by Westport Capital Partners, a real estate investment firm. Located at 303-317 SW 6th Avenue, the 212,705 square-foot property is comprised of three buildings […]