The 42-story Portland’s tower was put up for sale. More than 80% below

 

The building affectionately known as Big Pink because of its pink-hued Spanish granite and pink glazed glass has an asking price of about $70 million, according to brokers. 

That is more than 80% below what the owners paid for it a decade ago. 
https://www.wsj.com/real-estate/commercial/a-fire-sale-of-portlands-largest-office-tower-shows-how-far-the-city-has-fallen-322e0f2d


Portland, Oregon – Wikipedia


Banks, Commercial Real Estate, Extend and Pretend
https://englundmacro.blogspot.com/2024/08/banks-commercial-real-estate-extend-and.html






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