Lender weighs foreclosure of Block 216 tower that houses Portland’s Ritz-Carlton
Ready Capital, which holds a construction loan that was supposed to be paid off by December, said it’s still owed at least ...
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Decision to open stunning Ritz-Carlton Hotel in downtown Portland in 2023 backfires spectacularly
The luxury Ritz-Carlton Hotel in downtown Portland, Oregon may be in trouble after ... Bowen in 2019 and opened in 2023. The 35-story tower boasted luxury rooms starting at $500 a night and ...
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Developer of downtown Portland’s Broadway Tower sued over alleged $47M loan default
T he offices at downtown Portland’s Broadway Tower sold in early 2020 for more than $132 million, or $773 per square foot, hailed in the business press as a local record — before COVID-19 had ...
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Block 216, home to Portland Ritz-Carlton, faces foreclosure threat
The Business Journal has the full story here. Downtown Portland's Block 216 tower, home of the Ritz-Carlton hotel, faces potential foreclosure less than a year after completion. Ready Capital ...