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Home Commercial Portland’s Luxury Skyscraper Faces Financial Crisis: $85MM Underwater as Investors Battle
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Portland’s Luxury Skyscraper Faces Financial Crisis: $85MM Underwater as Investors Battle

April 9, 20251 Mins read1.2k
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In a stark illustration of post-pandemic commercial real estate challenges, Portland's newest luxury skyscraper and home to the Ritz-Carlton hotel finds itself $85 million underwater, according to court documents filed by its primary lender, Ready Capital. The gleaming 35-story Block 216 tower, which opened in 2023 with ambitious plans featuring hotel rooms, multimillion-dollar condominiums, and […]

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