German Investor Bets Big
On Portland Hotel Market
The giant German investor Union Investment acquired the 294-room The Porter hotel in Portland, a recently completed property developed and operated by Widewaters Hotels. The hotel, which is part of the Curio Collection by Hilton brand, traded for about $147.8M.
The Porter is at SW Second Avenue and SW Columbia Street in Downtown Portland, and represents the investor's sixth hotel acquisition in the United States, its second on the West Coast — and its first in Portland.
The German real estate investment manager acquired…
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Apartments In North Williams Trade Hands
The Century at North Cook, a 104-unit apartment community in the North Williams neighborhood of Portland, sold for an unspecified price. The buyer was KI-Mountain Park LLC; the seller was Cook Street Lofts LLC.
Built in 2016, The Century offers…
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Could Crowdsourcing Be The Key To Saving The Retail Industry?
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CRE Experts Explain Why U.S. Tech Is Lagging Behind China
With the simple tap of a finger on a single app on their smartphones, most of the young professionals in China could find a ride-share service, order a pizza, make a payment or even book a karaoke session.
In the U.S., people still have to go through several apps and link different payments to do the same thing. There is no one simple way to streamline the process, Gaw Capital Partners Senior Vice President of Capital Markets Mike Hu said.
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Mixed Reviews: Though Pricing Is Up This Year, Transaction Volume Continues To Lag
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8 Things You Need To Know About The Real Estate Retreat Redefining Dealmaking
Once a year, a carefully curated group of commercial real estate's best and brightest converge to build bonds, share experiences and explore conversations beyond the industry.
Welcome to Escape.
What began as an answer to the lack of networking platforms…
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