Posted Mar 19, 2026, 4:15 PM
|
|
Moderator
|
|
Join Date: Jan 2009
Location: Portland
Posts: 8,080
|
|
Quote:
Downtown Portland's Merchant Bank Building sells for lower than asking price
A downtown Portland building that formerly housed the Greek Cusina restaurant has sold for below its asking price and millions less than its last sale price.
Restauranteur Gilbert Leon purchased the Merchant Bank Building for $1.2 million in early March, according to public records. That’s a 38% discount from its $1.95 million asking price and an 80% discount from the price it was last purchased for in 2019.
The news was first reported by Willamette Week.
Leon is known for multiple bar and restaurant concepts around Portland, including Silk Road, Lulu and Pretty Ugly.
|
...continues at the Portland Business Journal ($).
|
Threaded Mode