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Stock impact report

Ritz-Carlton Condos Are Selling for Half-Price in This West Coast City [Yahoo! Finance]

Ready Capital Corproation (RC) 
Last ready capital corproation earnings: 3/11 04:39 pm Check Earnings Report
Company Research Source: Yahoo! Finance
The units at Ritz-Carlton Residences in Portland, OR , which start at over $1 million, are being offered for up to 50% less, according to KGW and the Portland Business Journal The outlet reports that Christie's International Real Estate Evergreen has been brought in to help sell the high-end units. Construction on the Ritz-Carlton, located in the Block 216 tower, started in 2019. Five years after breaking ground, the hotel and residences were completed in 2024, but there were barely any residents to move in. Out of the 132 luxury condos—starting on the 21st floor—only 11 residences were sold. Realtor.com® has reached out to the new brokers for comment. The new listing broker was brought in by Ready Capital , a developer who took ownership of the building last summer after the property faced foreclosure. Underperformance and barely leased office space were two factors, according to KOIN Ready Capital was the lender involved in the project. It regained ownership after its mer Show less Read more
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