Located on the corner of Broadway and Yamhill Streets adjacent to Pioneer Courthouse Square.

The building was constructed to house the operations of the now-defunct Oregon Journal.

The impressive clock tower results from the common practice, at that time, of newspapers' integrating such structures into their headquarters.

The north portion of the ground floor has housed Margulis Jewelers for several decades.

In addition to the tower's illumination, at one time the clocks used to chime every 15 minutes, but the bells were moved to the Journal's new building on the waterfront in June 1948.