The deal is even bigger than RBC Gateway’s $225 million price, when its 16 floors of new office space sold in 2023. Meanwhile, other downtown office buildings are selling at major discounts.
More from Real Estate
St. Paul nonprofit brings in $30M investment for downtown development
Securian Financial and the Bush Foundation provided initial investments for the St. Paul Downtown Development Corp.
February 5, 2026
Twin Cities tiny homes on the market for budget-conscious buyers
From small single-family houses to efficient condos, there are several affordable options around Minnesota for prospective homeowners.
January 30, 2026
Rochester on the verge of a residential construction boom, experts say
The city hopes for another $1 billion in construction again this year, as national builders have descended.
January 28, 2026
Modern, light-filled Minneapolis house on Lake Harriet lists for $5M
Renowned Wayzata and Deephaven-based architect Charles Stinson designed the 6,893-square-foot property in 2003.
January 23, 2026
Advertisement
Forty years in the making: An Eden Prairie house’s subtle age-in-place renovations
The longtime owners of the ranch-style home employed the original builder’s grandson, who also grew up two doors down, to create a more open layout with better views of a backyard pond.
January 16, 2026
More than just a slow winter? Twin Cities had steep drop in December home sales
Compared to the prior year, there was a double-digit decline in the number of signed purchase agreements across the metro last month, posing some concern this isn’t just a typical seasonal dip.
January 16, 2026
Former Timberwolves star Karl-Anthony Towns sells Medina estate for $4.75M
Prior to the basketball star, Twin Cities auto dealer and convicted fraudster Denny Hecker had lived in the home.
January 13, 2026
‘Our own little space in this world’: Partnership helps families achieve dream of homeownership
Connecting resources proves key to reaching public housing residents ready for the next step.
January 10, 2026
Advertisement
Delano farm and equestrian center rebuilt after fire listed for $7M
Steepleview Farm & Equestrian Center, a 69-acre estate about a 40-minute drive from the Twin Cities, underwent a $4.5 million rebuild after the 2023 blaze.
January 9, 2026
Nonprofit gains control of another downtown St. Paul building, U.S. Bank Center
The St. Paul Downtown Development Corporation, an offshoot of the nonprofit St. Paul Downtown Alliance, owns three other properties formerly belonging to troubled Madison Equities.
January 9, 2026
St. Paul building housing W.A. Frost restaurant faces foreclosure
The Dacotah Building as well as a Summit Avenue mansion are both properties of developer John Rupp, who cited an administrative error as a reason for the foreclosure suits.
January 8, 2026
Why white might be the new gray for home sellers
Can Cloud Dancer white replace the more than 50 shades of gray that for years seemed to be the go-to for buyers and sellers?
January 2, 2026
Advertisement
Advertisement