The sale of the Northstar Center in Minneapolis in December has kept the property out of foreclosure, and now the landlord is looking for a buyer. The $ 62.78 million deal amounts to a partnership that two investors have made with the building landlord, PCCP of Santa Monica, California. Foreclosure News
While the complex was sold to an entity associated with New York-based Taconic Capital Advisors for $ 62.7 million in December, the Northstar Center will be marketed for sale again as a “mixed-use redevelopment opportunity,” according to a release. The center, which takes up a block between 6th and 7th streets and Marquette and 2nd […]
The owners of the Northstar Center, along with the adjoining Crowne Plaza Hotel, have defaulted on their mortgage and owe about $ 64.8 million, according to a public notice on Saturday. The Northstar Center, which opened in 1962, is a set of two office towers that also have eateries and other businesses on the skyway […]