As homeownership remains out of reach for millions of Americans, mortgage rates continue to be a make-or-break factor. See states ranked from low to high rates.
Park Square, a 296,000-square-foot office complex in downtown Portland, is headed for a foreclosure auction on October 30th due to its owner, an entity affiliated with PCCP LLC, defaulting on $37.5 million in debt. This is not the first Portland office property to face financial trouble, as Montgomery Park also recently faced foreclosure and is now being marketed for sale.
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