U.S. Bank lists downtown Duluth building for sale



a view of a tall building: The 10-story U.S. Bank building in downtown Duluth is for sale. The bank intends to remain as a tenant.


© Star Tribune/Star Tribune/Brooks Johnson / [email protected]/Star Tribune/TNS
The 10-story U.S. Bank building in downtown Duluth is for sale. The bank intends to remain as a tenant.

DULUTH – U.S. Bank is looking to sell its 10-story building in downtown Duluth, though the bank intends to remain as a tenant.

“We are proud to serve our customers in the Duluth area and look forward to continuing to serve the community,” spokeswoman Boua Xiong said in a statement. “Although we have put our current site on Superior Street up for sale, we plan to sign a long-term lease with the new owners. We do not expect this to impact our customers or to change the number of our employees who work in the building.”

No listing price was available. Brokers with Cushman & Wakefield, the firm handling the listing, were unable to comment.

Loading...

Load Error

County tax records have the property

Read More Read more

Owners of Westin Cleveland Downtown, already mired in FBI probe, face mortgage foreclosure lawsuit

CLEVELAND, Ohio – The owners of the Westin Cleveland Downtown – currently mired in an FBI investigation into whether they helped launder money through the purchase of real estate in the U.S. – are now facing a foreclosure lawsuit for the hotel.



a group of people standing in front of a building: The Westin Cleveland Downtown, seen here in a file photo.


© Plain Dealer file photo/cleveland.com/TNS
The Westin Cleveland Downtown, seen here in a file photo.

Optima 777 owes $35 million in the unpaid principal of a mortgage for the 484-room St. Clair Avenue hotel, as well as nearly $500,000 in interest and a $1.4 million late fee, according to a lawsuit filed Friday in Cuyahoga County Common Pleas Court. The company obtained the loans from Cleveland International Fund of Cleveland Heights, a firm that connects foreign investors seeking residency in the U.S. with real estate development opportunities.

Loading...

Load Error

Cleveland International Fund CEO Stephen Strnisha said in an interview Monday that Optima 777, which owns 95 percent of

Read More Read more