Portland Doom Loop continues with "Big Pink" set to sell for 84% discount from few years ago

One of downtown Portland’s most iconic skyscrapers has been listed for sale, a sign of the sluggish recovery of the area following the COVID-19 pandemic.

Real estate firm JLL listed the U.S. Bancorp Tower, also known as “Big Pink,” for sale in late April. The 42-story, 1.15-million-square-foot building is currently owned and operated by Seattle-based firm Unico Properties.

In this listing, JLL highlighted the building’s history, while acknowledging its need for a makeover.