Katie Galioto
Reporter
DowntownGalioto covers news and trends in downtown Minneapolis and St. Paul, regional hubs for businesses, residents and visitors. Her beat includes topics ranging from real estate and workforce behaviors to policy impacts and tourism patterns.
Galioto previously covered St. Paul city government and the Duluth region for the Minnesota Star Tribune. She was born and raised in the Twin Cities’ southwest suburbs and graduated from the University of Notre Dame.
Latest from Katie Galioto
Real Estate![Ameriprise Financial, Minneapolis. ] David Denney Star Tribune 7/24/2013](https://arc.stimg.co/startribunemedia/5CNLKKRZTUYPSVDBJFNDSVJ63A.jpg?&w=252&ar=3:2&fit=crop)
Downtown Minneapolis’ Ameriprise Financial Center sells at 97% discount
Minnetonka-based Onward Investors paid $6.25 million to add the 31-story office building to its growing downtown Minneapolis portfolio. It most recently sold for $200 million in 2016.
January 30, 2025
Real Estate
Ex-owners fight to take back condemned Seven Corners site in Minneapolis
A lender purchased the blighted block on Washington Avenue S. through a foreclosure sale last summer.
January 29, 2025
Real Estate
Lenders go after Madison Equities owner’s house, one of few profitable properties
Several buildings belonging to downtown St. Paul’s largest property owner remain embroiled in litigation and financial distress.
January 23, 2025
Real Estate
As Twin Cities area office building owners stomach tanking values, buyers see opportunity
Despite the deep discounts, there’s optimism in the office market, at least for those involved in the highest-quality spaces in the most desirable locations.
January 18, 2025
Real Estate
Former landlord sues Finnegans Brew Co., alleging $461K in unpaid rent and expenses
Finnegans moved out of its downtown Minneapolis taproom last summer to partner with Fulton Beer.
January 5, 2025
Real Estate
Madison Equities relinquishes three downtown St. Paul buildings to lenders
Financial woes continue to loom over downtown St. Paul’s largest property owner, currently embroiled in litigation for millions of dollars in debt. The company’s founder and longtime principal, Jim Crockarell, died early this year and left more than a dozen properties to his wife, Rosemary Kortgard.
December 23, 2024
Real Estate
Holidazzle returns to Nicollet Mall to help rev up downtown Minneapolis
After a break in 2023 because of funding, downtown Minneapolis boosters reinvented their holiday event in hopes of activating the central business district.
December 20, 2024
Real Estate
Downtown Minneapolis’ Wells Fargo Center sells to trio of investor groups
Minnetonka-based Onward Investors partnered with two other firms to purchase the city’s third-tallest building. The sales price was not immediately available.
December 13, 2024
Real Estate
Former landlord sues Finnegans Brew Co., alleging $461K in unpaid rent and expenses
Finnegans moved out of its downtown Minneapolis taproom last summer to partner with Fulton Beer.
January 5, 2025
Real Estate
Madison Equities relinquishes three downtown St. Paul buildings to lenders
Financial woes continue to loom over downtown St. Paul’s largest property owner, currently embroiled in litigation for millions of dollars in debt. The company’s founder and longtime principal, Jim Crockarell, died early this year and left more than a dozen properties to his wife, Rosemary Kortgard.
December 23, 2024
Real Estate
Holidazzle returns to Nicollet Mall to help rev up downtown Minneapolis
After a break in 2023 because of funding, downtown Minneapolis boosters reinvented their holiday event in hopes of activating the central business district.
December 20, 2024
Real Estate
Downtown Minneapolis’ Wells Fargo Center sells to trio of investor groups
Minnetonka-based Onward Investors partnered with two other firms to purchase the city’s third-tallest building. The sales price was not immediately available.
December 13, 2024