The U.S. Bancorp Tower and PacWest building are both for sale, as office space vacancy in downtown Portland continues to rise.
PORTLAND, Oregon — Plans are in the works to sell two of the most iconic buildings that make up Portland’s skyline: the 42-story U.S. Bancorp Tower, known as “Big Pink,” and the 30-story PacWest building.
Experts believe it’s yet another sign of downtown Portland’s struggle to rebound post-pandemic.
“I wasn’t surprised at all because so many assets in downtown Portland that are office focused are in distress,” said Vanessa Sturgeon, CEO of TMT Development which owns Fox Tower.
With her ear to
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