TEOTWAWKI

Portland, OR Libs Screw The Economic Pooch

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Portland’s 20 largest office buildings have lost $2 Billion in market value since 2019

Google–Downtown Portland, Oregon, has experienced a significant decline in commercial real estate value, with the top 20 largest office buildings losing nearly 70% of their market value since 2019. This represents a drop in combined value of more than $2 billion.

Key details regarding the loss in value include:

Office Sector Crisis: Many major downtown office towers have seen value losses ranging from 70% to 85%.
Drastic Sales Examples:

Montgomery Park sold for $33 million in 2025, compared to $255 million in 2019.

Big Pink (one of the city’s most recognizable towers) sold in July 2025 for $45 million, roughly 12% of its $372 million sale price in 2015.

PacWest Center sold for $55 million in October 2025, down from $170 million in 2016.

Alas Poor Penny, I Knew Ye Well

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The last-ever penny was minted today in Philadelphia

CNN Business–The American penny passed away today after a prolonged illness. It was 238 years old.

The last penny was minted Wednesday afternoon at the US Mint in Philadelphia, overseen by US Treasurer Brandon Beach. President Donald Trump announced via social media in February that he instructed the Mint to stop making the once-popular coin, citing the cost of production.

The penny costs nearly four cents to mint, more than the coin’s worth. Once valuable enough to buy “penny candy” like gumballs and feed parking meters or toll booths, today the penny lives mostly in coin jars, junk drawers or “leave a penny/take a penny” trays.