Portland’s PacWest Tower Sells for $55.7MM to Alaska’s Fountainhead in Sign of Modest Market Recovery

The 30-story office building's sale price of $102 per square foot outpaces recent downtown distress deals, though still reflects steep discounts from pre-pandemic valuations Alaska-based Fountainhead Development has acquired PacWest Center, one of Portland's most recognizable office towers, for $55.7 million, marking a transaction that underscores both the challenges and emerging opportunities in the city's […]