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Stock impact report

U.S. Bank Center heads to auction for $1 million starting bid [Yahoo! Finance]

First Interstate BancSystem, Inc. - Class A (FIBK) 
Last first interstate bancsystem, inc. - class a earnings: 4/30 04:11 pm Check Earnings Report
US:NASDAQ Investor Relations: fibk.com
Company Research Source: Yahoo! Finance
Outgoing property owner Madison Equities listed the 25-story office tower as 58% occupied in a sales memorandum in May 2024, but that was before U.S. Bank announced its intention last October not to renew its lease on nine floors. The Bush Foundation, another major tenant, later said it would relocate elsewhere downtown following a lease dispute over a broken elevator. The U.S. Bank Center's latest sales offering lists the building's occupancy rate as 26%. Mounting debt Located at 101 E. Fifth St., the prominent office structure was built in 1973 and renovated in 1995. With debt mounting, First Interstate Bank filed suit against Rosemary Kortgard, widow of Madison Equities principal James Crockarell, in Ramsey County District Court last December, citing a breach of their $26.2 million loan agreement from December 2021. Court records show that as of the time of that legal filing, the company still owed $24.3 million in unpaid principal and interest. The owners also have fall Show less Read more
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