Thread regarding Wells Fargo & Co. layoffs

WFHM being sold

https://m.startribune.com/wells-fargo-exiting-south-minneapolis-home-mortgage-building-st-louis-park-offices/600267744/

Fu-k RTO

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| 2582 views | | 8 replies (last April 18, 2023) | Reply
Post ID: @OP+1mbobP8T

8 replies (most recent on top)

It will be interesting to see how the campus in the Philips neighborhood, just two miles away from Floyd Square, will be sold. The location, with its spacious layout and proximity to public transportation, makes an ideal location to encourage a return to office (RTO) for companies seeking a central and convenient location for their employees. However, it is important to note that the building is a retrofitted former factory and unfortunately has a mice problem. Despite these challenges, it will be intriguing to observe the approach that the sellers take in marketing the property.

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Post ID: @1iyb+1mbobP8T

@srw

No, we’ve been leasing the mortgage campus for 10-15 years. Before us 3m or Honeywell was there.

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Post ID: @1bhv+1mbobP8T

Isn't that campus relatively new buildings?

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Post ID: @srw+1mbobP8T

There is still a small population in St. Paul, but mostly just WIM and client facing

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Post ID: @hej+1mbobP8T

NOC building sold last year.

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Post ID: @jjs+1mbobP8T

Any other consolidation?

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Post ID: @lqm+1mbobP8T

They sent an email about this today to employees in the area. Consolidating buildings down to three buildings. No more HMMC, no more SLP location, no more Bloomington location (for non-customer facing), did they already close whatever that St Paul building is?

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Post ID: @koo+1mbobP8T

You mean the being is being sold? They are doing massive consolidations across the country. Minneapolis just has a huge amount of buildings spread out over the city. Same as Des Moines.

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Post ID: @xha+1mbobP8T

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