The landmark Montgomery Park building in Northwest Portland changed hands for a $37.7 million credit bid Wednesday in a foreclosure auction. In 2019, it sold for $255 million. The bargain price points to the woeful state of Portland’s commercial real estate market. Not a single outside bidder submitted an offer Wednesday to buy the hulking office building in Northwest Portland. As a result, it will go to the lender, New York-based Natixis. 📸: Brent Wojahn Read more at the link in our bio. #montgomerypark #theoregonian #business #foreclosure