Wire Story Our client, Kennedy Wilson Auction Group held an auction in Portland Oregon. This auction was featured in a news story in the Associated Press
Condo units auctioned off
4/11/2010, 5:32 p.m. PDT The Associated Press
(AP) — PORTLAND, Ore. – Forty-seven units in Portland’s biggest condo tower were auctioned off Sunday in a two-hour sales blitz.
The sales at South Waterfront’s John Ross tower came at deep discounts. The condos had been listed for an average of $711,000 at the height of the housing market. They sold Sunday for an average of $316,000.
The auction was the second for a South Waterfront condo tower. The owners of the Atwater Place sold 40 condos at a September event.
The South Waterfront condo towers, conceived during the housing boom, have struggled to sell out during the recession and credit crisis.