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Developer seeks new investors for Ritz-Carlton hotel under construction in downtown Portland By Jeff Manning, oregonlive.com
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PORTLAND While still insisting publicly that his high-stakes Ritz-Carlton development in downtown Portland is fully funded, real estate developer Walt Bowen is again fishing for dollars from local investors.
BPM Development, Bowen’s company, this week sent out invitations to various stockbrokers, money managers and other investment professionals to an online update on the Ritz project. “Join us virtually to learn about this unique OZ (opportunity zone) real estate investment opportunity,” reads an invitation.
At just about a million square feet, the Ritz will cost nearly $600 million to build, making it one of the largest and most expensive real estate developments in city history. The risk of the project has soared due to the pandemic, social unrest in downtown Portland, and the lasting effect either could have on tourism or
Print article SEATTLE The minute Kirsten Rogers got a push notification on her phone that she would soon be eligible for a COVID-19 vaccine, she and her husband started looking for an appointment. They, like all Washingtonians 16 and older, will be able to get in line for a coveted shot on April 15 after Gov. Jay Inslee announced this week the state would throw open eligibility for more than 6 million people. But when Rogers went online to secure a time, she kept hitting dead ends. Websites crashed and sites that did work didn’t yet have appointments after April 15. “It’s exhausting to be told we can get vaccinated, but hitting walls at every turn on booking appointments,” said Rogers, who lives in Seattle.