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« Mankato firm to upgrade Rochester student complex | Main | Breast cancer scanner maker, once linked to Mayo Clinic, sold to Mexican company »

December 03, 2013

Downtown property deal - money shuffle?

A couple major downtown Rochester buildings sold for $10 million in late November.

Buy-sell-keyboardHowever, the names of the buyer and the seller are very, very similiar and they have the same address.

So it's some sort of internal deal, but it still seems a bit odd. This kind of internal real estate shift is often some sort of tax thing, but that doesn't apply here.

I'm checking on this, but not sure how detailed of an answer I'll get. The entities involved are not the most.... transparent that I work with.

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