Portland’s newest skyscraper, home to Ritz-Carlton, turned over to lender

A 35-story high-rise that brought the storied Ritz-Carlton brand to Portland has gone back to the lender.

Ready Capital announced the long-expected transfer Tuesday evening, saying it had taken possession of Block 216. All parts of the mixed-use building — which includes offices and Ritz-Carlton-branded hotel rooms and residences — will continue to operate as normal, the company said.