Minneapolis, MN

Hempel buying another well-known downtown Minneapolis building, Loews Hotel

Published

2 years ago

February 14, 2024

Hempel buying another well-known downtown Minneapolis building, Loews Hotel

A joint venture of three investors plans to buy the Loews Minneapolis Hotel in downtown, one of which is Eden Prairie-based Hempel Real Estate that has recently bought several prominent buildings in the area.

Milwaukee-based Marcus Hotels & Resorts and Oklahoma City-based Robinson Park Investments are the other investors. The sale should close in early March, though no parties have disclosed terms of the deal.

The hotel, across North First Avenue from the Target Center arena between North Sixth and North Seventh streets, is Hempel’s third major purchase in the past year. This past summer, it bought the LaSalle Plaza office building for $46 million, a steep discount. And in the fall, it bought the older, smaller Pence Building, which connects to LaSalle Plaza by skyway. Both of those building are about two blocks away from the Loews Hotel.

“The agreement to purchase the Loews Minneapolis Hotel is consistent with our strategy to co-invest with like-minded partners and manage leading properties across the nation,” said Michael Evans, president of Marcus Hotels & Resorts, in a statement.

A Hempel representative could not be reached for comment.

Hempel has built a diversified property portfolio with office, retail, medical office, apartments and land for future development. Its holdings are largely in the Twin Cities, but Hempel also owns several properties in Milwaukee. Its only other hotel is a Best Western Plus near the Mall of America.

The hotel market is challenging. New York-based Loews Hotels & Resorts paid $65 million in 2014 to acquire the then-named Graves 601 Hotel from the local Graves Hospitality Corp., and property records suggest that the new sale price will be significantly less. Hennepin County currently has the property assessed at $24.2 million.

“Hotels depending on corporate business are still trying to recover,” said Ted Leines, CEO of Eden Prairie-based Leines Hotel Advisors, a hotel brokerage firm. “Corporate clients are generally their top-paying clients.”

Leines said business remaining soft is hurting hotel valuations.

The Loews hotel was part of a redevelopment of the long-troubled Block E, which sat vacant throughout the 1990s as a surface parking lot. A retail-entertainment concept, owned separately from the hotel, dominated the project but struggled to draw customers. It is now known as Mayo Clinic Square.

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Minneapolis, MN

Minneapolis City Council member Aisha Chughtai taking mental health leave for a month

Published

18 minutes ago

June 29, 2026

Press Room

Minneapolis City Council member Aisha Chughtai taking mental health leave for a month

Minneapolis City Council member Aisha Chughtai said Monday she will be taking a monthlong leave to seek outpatient care for her mental health.

Chughtai said her “office will remain open to continue serving the people of Ward 10,” but she will miss the council meeting on July 16. She plans to return before the July 30 meeting.

“I love representing the people of this Ward. It’s the greatest honor of my life. And that’s why I feel obligated to do so to the best of my abilities,” Chughtai said in a statement. “Because of the current state of my mental health, I fear falling short of that obligation. That’s why I’m briefly stepping back. I fully expect to return energized and ready to give more than ever for the people of Ward 10 and everyone in the city.”

In her statement, Chughtai cited “a high-stakes election … several mass shootings, and a federal occupation” as recent stressors on her mental health.

Chughtai said she has notified the council and Mayor Jacob Frey, and encouraged Ward 10 residents to contact her office via email with any questions or concerns.

“I know that when I return, I’ll be back stronger, ready to form deeper partnerships, and ready to fight even harder for our neighbors,” she said.

Chughtai was first elected in 2021 to represent Ward 10, which includes the south Minneapolis neighborhoods of East Bde Maka Ska, East Isles, Lowry Hill East, South Uptown and Whittier.

If you or someone you know is in emotional distress, get help from the Suicide and Crisis Lifeline by calling or texting 988. Trained crisis counselors are available 24 hours a day to talk about anything.

In addition, help is available from the National Alliance on Mental Illness, or NAMI. Call the NAMI Helpline at 800-950-6264 or text “HelpLine” to 62640. There are more than 600 local NAMI organizations and affiliates across the country, many of which offer free support and education programs.

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Minneapolis, MN

MN weather: Extreme Heat Warning issued for Minnesota Monday

Published

10 hours ago

June 29, 2026

Press Room

Extreme Heat Warning

from MON 9:00 AM CDT until TUE 12:00 AM CDT, Stearns County, Waseca County, Goodhue County, Isanti County, Mille Lacs County, Hennepin County, Sherburne County, Meeker County, Dakota County, Le Sueur County, Renville County, Ramsey County, McLeod County, Washington County, Brown County, Rice County, Redwood County, Chisago County, Morrison County, Watonwan County, Nicollet County, Kanabec County, Benton County, Anoka County, Sibley County, Blue Earth County, Martin County, Faribault County, Scott County, Freeborn County, Kandiyohi County, Steele County, Wright County, Pine County, Pepin County, Dunn County, Polk County, Barron County, Chippewa County, Pierce County, Eau Claire County, Burnett County, Washburn County

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Minneapolis, MN

1 dead, 8 hurt in Minneapolis amid string of weekend shootings

Published

21 hours ago

June 28, 2026

Press Room

1 dead, 8 hurt in Minneapolis amid string of weekend shootings

One person is dead and eight others are hurt in a string of weekend shootings across Minneapolis.

Police say the first shooting occurred Friday around 5 p.m. near North Humboldt and 26th avenues. A man was outside of his home when shots rang out, leaving him with multiple gunshot wounds.

Around 9:35 p.m. Friday, two men were shot outside in the area of north Lowry and Logan avenues.

Just after 12:30 a.m. Saturday, a man was found shot in an alley near Mortimer’s Bar and Restaurant off South Lyndale and Franklin avenues. He told police he was outside walking when he was hit.

Just before 12:50 a.m. Saturday, police say a man outside was shot near North Penn Avenue, just north of Highway 55, by someone driving by.

Around 1:50 a.m. Saturday, a man suffering from gunshot wounds showed up at Hennepin Healthcare, with police later determining he was shot in the area of North Lyndale and 45th avenues.

Police comb the scene of the shooting outside a business off Northeast Lowry Avenue and Fourth Street Northeast on June 28, 2026.

WCCO

Just after 3:30 a.m. Saturday, a man showed up to Children’s Minneapolis hospital with a gunshot wound he said occurred when he was asleep inside his vehicle.

On Sunday around 1 a.m., a man was found laying on the ground near Bloomington Avenue and East 24th Street. He was brought to Hennepin Healthcare where he later died. Police say investigators “located evidence of gunfire, including a firearm recovered next to the man who died.”

On Sunday just before 1:30 a.m., a 15-year-old girl was shot in the area of Hennepin and Laurel avenues in downtown. Two boys, ages 14 and 15, were soon arrested in connection to the shooting.

And just before 1:50 a.m. Sunday, a man was found shot inside a business off Northeast Lowry Avenue and Fourth Street Northeast. Investigators believe the shooting began as an altercation in the business’s parking lot.

With the exception of the shooting of the 15-year-old girl, police say no arrests have been made in any of the cases. All surviving victims have injuries described by police as non-life threatening.

Anyone with information on any of these shootings can submit an anonymous tip online to Crime Stoppers, or call 1-800-222-TIPS (8477).

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