Christie's brokers cut prices on Portland Ritz-Carlton condos.
Ritz-Carlton condo prices slashed by 50% after 11 sold.
Facing foreclosure due to its underperformance and barely leased office space, The Ritz-Carlton’s Block 216 tower went back to the lender, Ready Capital.
The property includes a 251-room hotel, 132 residential units, 159,000 SF of office space, and 11,000 SF of retail space.
-bizjournals
#CommercialRealEstate
Christie's brokers cut prices on Portland Ritz-Carlton condos.
Ritz-Carlton condo prices slashed by 50% after 11 sold.
Facing foreclosure due to its underperformance and barely leased office space, The Ritz-Carlton’s Block 216 tower went back to the lender, Ready Capital.
The property includes a 251-room hotel, 132 residential units, 159,000 SF of office space, and 11,000 SF of retail space.
-bizjournals
#CommercialRealEstate
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