Well, the dismantling of the Startribune continues. After laying off so many quality staff members last year, they now have all 5 of their downtown Minneapolis blocks up for sale. I expect it is too "expensive" to stay there and they will shrink their offices to something cheaper in a different part of the Cities. All this so that money fund that owns it can make a quick buck and leave the area.
http://www.startribune.com/business/15109261.htmlThe Star Tribune's real estate is on the market once again, Publisher Chris Harte told his staff in a memo Friday. The company hired a real estate broker to sell its five downtown Minneapolis blocks, but no deal is imminent or even guaranteed, he wrote.
A $45 million deal that would have sold off the newspaper's four parking lots and its less-used Freeman office building to the Minnesota Vikings collapsed last year when the team dropped its bid.
Harte said the company may now sell all its land near the Metrodome, including the headquarters at 425 Portland Av. S., which houses the advertising staff, newsroom and publisher's office, among others.
Tom Holtz and Rolf Kemen of CB Richard Ellis, a Los Angeles-based commercial real estate firm, will handle the sale, according to the company.