Downtown Portland
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...
Swickard Floats Adding Observation Deck Atop Portland’s Big Pink Tower
A helipad that once welcomed some of Portland's biggest business names could give way to a public observation deck under new owner Jeff...
Portland Sheds 26,800 Jobs as Apartment Absorption Collapses 76% to 2,150 Units
Seven straight quarters of job losses have drained renter demand out of the Portland apartment market, cutting net move-ins by more than three-quarters...
FPA Multifamily Buys 352-Unit Cyan PDX in Downtown Portland for $61MM
A trophy downtown Portland high-rise has changed hands at a steep discount to its last sale, a repricing that lines up with a...
Portland Multifamily Supply Collapses to 2,550 Units as Institutional Capital Returns Ahead of Recovery
Portland's apartment construction pipeline has fallen roughly 80 percent from its 2022 peak while renters keep absorbing units, and the institutional capital that...
Prosper Portland Launches $800K Grant Program to Fill Vacant Storefronts as Vacancy Nears 40%
Facing a combined 39 percent vacancy rate across its central city, Portland is offering matching grants of up to $100,000 to grocery stores,...
James Beard Public Market Secures Construction Permit for 2027 Portland Opening
A construction permit from the City of Portland clears the James Beard Public Market to enter its next building phase, advancing a $35...
