Resilience is the ability of an individual, community, or system to cope with adversity, challenges, and stress while maintaining or quickly regaining its original functionality. It encompasses the capacity to withstand difficult situations, adapt to change, recover from setbacks, and emerge stronger or more resourceful. Resilience can be applied in various contexts, including psychological resilience (the ability of individuals to handle emotional stress), ecological resilience (the capacity of ecosystems to recover from disturbances), and economic resilience (the ability of economies to respond to shocks and maintain stability). Overall, resilience emphasizes the importance of both recovery and growth in the face of difficulties.
In a surprising turn of events that has sent shockwaves through Portland's commercial real estate sector, Montgomery Park, an iconic office building in Northwest Portland, was recently sold at a…