Pearl District building purchased in foreclosure sale

Wilmington Trust took back the building at 1331 Northwest Lovejoy Street in May for $16.81 million.

PORTLAND, Ore. — This story comes from the Portland Business Journal, a KGW news partner. The full story is here.

The Lovejoy building in the Pearl was transferred to its lender in a foreclosure sale.

Public records show that Wilmington Trust, a registered holder of RBS Commercial Funding Inc., took back The Lovejoy building at 1331 N.W. Lovejoy St. in May for $16.81 million through a foreclosure sale. The sale took place at the end of May.

A spokesperson with Wilmington Trust declined to comment Wednesday

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