The selling of Big Pink

| Print |  Email
Archives - June 2008
Sunday, June 01, 2008

BigPink.jpg


PORTLAND It may not quite be Oregon’s tallest building, but the U.S. Bancorp Tower is definitely the pinkest, and it’s available.

The 536-foot, 43-floor skyscraper’s light-reflecting mix of granite and glass has served as a centerpiece to the Portland skyline since 1983. Now JPMorgan has put the tower up for sale for an undisclosed price two years after purchasing it for $280 million.

It remains to be seen whether Big Pink will sell quickly. 2007 was a record year for out-of-state investment in Portland commercial real estate, but the market may have peaked when JPMorgan paid a record $380 per square foot last July for the Brewery Blocks.



To comment, email This e-mail address is being protected from spambots. You need JavaScript enabled to view it .

 

More Articles

Shifting Ground

November/December 2014
Wednesday, October 22, 2014
BY JOE ROJAS-BURKE

Bans on genetically modified crops create uncertainty for farmers.


Read more...

Growing a mobility cluster

News
Friday, October 31, 2014
0414 bikes bd2f6052BY LINDA BAKER | OB EDITOR

Why are there so few transportation startups in Portland?  The city’s leadership in bike, transit and pedestrian transportation has been well-documented.  But that was then — when government and nonprofits paved the way for a new, less auto centric way of life.


Read more...

Healthcare pullback

News
Thursday, November 20, 2014
112014-boehnercare-thumbBY JASON NORRIS | OB CONTRIBUTOR

Each month for Oregon Business, we assess factors that are shaping current capital market activity—and what they mean to investors. Here we take a look at two major developments regarding possible rollbacks of the Affordable Care Act (ACA).


Read more...

Corner Office: Marv LaPorte

January-Powerbook 2015
Saturday, December 13, 2014

The president of LaPorte & Associates lets us in on his day-to-day life.


Read more...

Shuffling the Deck

November/December 2014
Wednesday, October 22, 2014
BY JON BELL

Oregon tribes still bet on casinos.


Read more...

Downtime

November/December 2014
Wednesday, October 22, 2014
BY JESSICA RIDGWAY

Bob Dethlefs, CEO of Evanta, balances work and play.


Read more...

Reimagining education to solve Oregon's student debt and underemployment problems

News
Thursday, November 13, 2014
carsonstudentdept-thumbBY RYAN CARSON | OP-ED CONTRIBUTOR

How do we skill up our future technology workforce in a smart way to take advantage of these high-paying jobs? The answer shouldn’t focus only on helping people get a bachelor’s degree.


Read more...
Oregon Business magazinetitle-sponsored-links-02
SPONSORED LINKS