The Minneapolis-St. Paul market is seeing the same challenges in the office sector as are cities across the Midwest and the nation. That means that vacancies are high and showing no signs of falling soon.
Given widespread reports that the buildings need care and maintenance, Madison Equities portfolio "could have a real chilling effect on our property values downtown," said St. Paul Mayor Melvin Carter, in an interview last week.
With Ramsey County Board Chair Trista Martinson stepping down to take on a new role, the county will hold a special election for the District 3 seat on Feb. 11.