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Stock impact report

Madison Equities puts downtown St. Paul holdings on market: 1st Nat'l Bank Building, parking ramps [Yahoo! Finance]

Xcel Energy Inc. (XEL) 
Last xcel energy inc. earnings: 1/30 06:00 am Check Earnings Report
US:NYSE Investor Relations: investors.xcelenergy.com
Company Research Source: Yahoo! Finance
Spanning 1.6 million square feet, the 10 properties include six of the oldest and most prominent commercial buildings in the capital city, including the iconic First National Bank Building, the Alliance Center and the U.S. Bank Center, as well as two downtown parking ramps. “That is the sum total of their whole portfolio of downtown office buildings,” said Steve Lysen, a broker with CBRE, which is soliciting all-cash offers for the properties without a formal asking price but “well below replacement cost,” according to marketing materials. “The preference is to sell it to one buyer,” Lysen said. “That may or may not be possible. We may have to look at breaking it up. We just started the process, so we'll see. If we had a full offer that worked for us, that would be the preference.” Crockarell left large property holdings Madison Equities had been led for decades by Jim Crockarell, a sometimes cantankerous real estate developer whose love of old downtown buildings was often ov Show less Read more
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