# @theoregonian on Instagram

- **Type:** Image
- **Original URL:** https://www.instagram.com/p/C3Y2hRKhrSl
- **Gondola URL:** https://gondola.cc/posts/11085660-theoregonian-instagram
- **Thumbnail:** https://img.gondola.cc/tr:w-,h-,fo-auto/thumbnails/8cf01cc408.jpg
- **Posted:** 2024-02-16T01:00:22.000+00:00
- **Account Owner:** The Oregonian (@theoregonian) — https://gondola.cc/theoregonian

## Caption

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

## Stats

- **Views:** 0
- **Likes:** 1,186
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- **Comments:** 24

## Tags

montgomerypark, foreclosure, business, theoregonian

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