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KBS REIT Considers Returning Portland Office to Lender

Investor Fails To Pay Off Debt on Commonwealth Building
In Portland, Oregon, the Commonwealth Building’s occupancy has fallen to the 40% range since the outbreak of the pandemic. (CoStar)
In Portland, Oregon, the Commonwealth Building’s occupancy has fallen to the 40% range since the outbreak of the pandemic. (CoStar)
CoStar News
February 17, 2023 | 10:12 P.M.

KBS Growth & Income REIT has defaulted on a loan on an office building it owns in downtown Portland, Oregon, after having failed to pay it off upon maturity.

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