Laying the Groundwork for Oregon’s First 5-Star Hotel
In 2017, Tonkon Torp began working with the Downtown Development Group to pave the way for the 35-story Ritz-Carlton hotel, Oregon’s first five-star hotel development. Attorneys Owen Blank, Kimberlee Stafford, and Rachel Atchison worked under restrictions to keep the Ritz-Carlton name under wraps until the public release of the deal in 2019. Learn more about the complex negotiations of the transaction here.
Downtown Development Group is owned by the Goodman family, a client of Tonkon Torp for four generations – since first being represented by Tonkon Torp founding partner Morris Galen. The Goodman’s long-term investment in the City of Portland began in 1955, when they leased their first parking lot and started City Center Parking. Owen has led the work to structure and complete significant commercial real estate transactions with the Goodman family as they carry out their vision for a vibrant Portland.