Downtown Portland
Portland’s Historic Hotel deLuxe Heads to Foreclosure as Appraisal Drops 66% to $16MM
Special servicer Rialto Capital Advisors has pushed the 130-room Hotel deLuxe in Portland's Goose Hollow neighborhood toward a foreclosure sale after a fresh...
Downtown Portland Fills Vacant Storefronts With 17 Holiday Pop-Ups, Nearly Double Its 2024 Lineup
Downtown Portland Clean & Safe has recruited 17 local businesses, from a Willamette Valley winery to a Native-owned salmon seller, to occupy empty...
Portland Office Vacancy Posts Largest Drop Since 2022 as Class A Absorbs 271,000 SQFT and Older Buildings Lose Ground
Class A towers delivered Portland's largest quarterly vacancy drop since 2022, while Class B and C buildings kept losing tenants and downtown direct...
Builders and Funds Sell $320MM of Portland Apartments in Q3 as Per-Unit Prices Rise 11.9% Despite Higher Cap Rates
Five Portland-area apartment communities totaling 1,302 units traded for nearly $320 million in the third quarter, as builders and institutional funds sold to...
Portland State Opens $90MM, 98,000 SQFT Mass Timber Art Building on South Park Blocks
Portland State University has opened the $90 million home of its Schnitzer School of Art + Art History + Design, a 98,000-square-foot mass...
Rise Properties Sells 178-Unit 10th @ Hoyt in Portland’s Pearl District for $40.4MM
A California family office has bought a 2004 Pearl District apartment building from Rise Properties for about $227,000 per unit, roughly 46 percent...
Pebblebrook Hotel Trust Sells 174-Room The Hotel Zags in Downtown Portland for $10MM
Pebblebrook Hotel Trust has sold a money-losing boutique hotel in downtown Portland for about $57,500 per room. The deal shows how far downtown...
Downtown Portland Foot Traffic Hits Post-2020 High as Weekend Visits Near 2019 Levels
Downtown Portland drew 22.2 million pedestrian visits through August, its busiest summer since 2020, as weekend crowds and event-goers climbed back toward pre-pandemic...
Three International Teams Advance in Portland’s $40MM Waterfront Park Redesign
Portland Parks & Recreation has narrowed a global field of more than 150 firms to three finalist teams competing to reimagine Governor Tom...
Menlo Digital Acquires 185,000 SQFT Union Bank Tower for Downtown Portland Data Center Conversion
Menlo Digital has filed permits to carve a five-floor data center into downtown Portland's 15-story Union Bank Tower, an acquisition that pairs with...
Swickard to Acquire 90% Stake in Portland’s 30-Story Park Avenue West
Auto dealership magnate Jeff Swickard is set to take a 90 percent stake in Park Avenue West, averting a foreclosure auction and marking...
Portland Council Advances $449MM PSU Performing Arts Center, Clouding Keller Auditorium’s Future
Portland City Council voted 8-4 to move planning forward on Portland State University's roughly $449 million, 3,000-seat Broadway house at the University Place...
