The lender had acquired more than $500 million in debt on the 35-story Block 216.
PORTLAND, Ore. — This story comes from the Portland Business Journal, a KGW news partner. The full story is here.
A lender has taken control of the downtown building that’s home to Portland’s Ritz-Carlton hotel.
The Oregonian reports that Ready Capital announced the move Tuesday night. As such, Ready Capital has possession of Block 216, which includes a 35-story tower that contains offices, residences and the Ritz-branded rooms.
The Oregonian pointed out that BPM Real Estate Group, which developed Block 216, now no longer controls its two key
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