A lender is considering foreclosing on a more than $500 million construction loan backed by Block 216, the opulent home of Portland’s Ritz-Carlton hotel. Ready Capital said while reporting its ...
One of the most ambitious real estate projects in Portland history has been turned over to its lender after failing to attract enough office tenants and condo buyers. Ready Capital Corp., based in New ...
The Block 216 tower that holds Portland’s Ritz-Carlton hotel encountered “catastrophic setbacks from the beginning” and is now only worth $425 million — far short of the $510 million owed on a loan ...
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