An Alaskan real estate company has purchased the PacWest skyscraper in downtown Portland for an undisclosed price.
Real estate firm Newmark announced the sale Wednesday but declined to disclose details beyond that the tower attracted 15 offers before a “new-to-market capital source” — brokerspeak for an out-of-town buyer — won out.
The Portland Business Journal, which first reported the sale , noted its buyer as Fairbanks-based Fountainhead Development, which largely deals in hotels. Vice President Wyatt Cerny told the publication his company closed on the PacWest deal Tuesday.
Real estate sources also pointed The Oregonian/OregonLive to the Alaska buyer, but members of the Cerny family did not respond to repeated requests for comment.
Multnomah County did not yet record a deed wit

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