Wells Fargo Center sells at steep discount for $85 million

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Candidate files lawsuit; alleges DFL winner does not live in district

Bring Me the News reports the Wells Fargo Center has sold to a trio of investors for $85 million, a 70% decline in value from when it was sold in 2019 for $313.6 million. “Minnetonka-based Onward Investors on Thursday announced it had partnered with Cross Ocean Partners and Neuberger Berman on the acquisition of the city’s third-tallest building.”

Post Bulletin reports Adam Fravel has been sentenced to life in prison without the possibility of parole for the murder of Madeline Kingsbury. “Just before being sentenced, Fravel said, ‘I never caused harm to Maddi and I am innocent.’ His attorney, Zach Bauer, indicated Fravel plans to appeal the conviction.”

Via Pioneer Press: “The segment between I-35W in Roseville and Hilton Trail in Pine Springs previously was a 55 mph zone. It was increased to 60 mph last month after a routine engineering and traffic review conducted by the Minnesota Department of Transportation.”

CBS is reporting Luigi Mangione has been indicted in New York in the murder of UnitedHealthcare CEO Brian Thompson. “Mangione was hit with multiple charges, including one count of murder in the first degree, in furtherance of terrorism, and two counts of murder in the second degree, one of which is charged as killing as an act of terrorism.”

WDIO reports the St. Louis County Board has approved a budget surpassing $500,000 for the first time. “About one-third of next year’s budget is funded by the property tax levy, which increased 7.23% this year. The final levy was approved at $180.310,863 million.”

Fox9 reports police in Wisconsin say the motivation behind a shooting at the Abundant Life Christian School is “a combination of factors” and “detectives are looking into whether bullying may have played a role.”

Via Star Tribune: “Wuollet’s woes continue as the landlord for its south Minneapolis bakery has sued for eviction over unpaid rent … And in October, a Chicago-based bank sued Wuollet companies and their owner, Eric Shogren, after they defaulted on two loans totaling over $1.3 million.”

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