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foreclosure sale for the 8500 Tower at Normandale Lake Office Park in Bloomington is scheduled for November 26. The sheriff's auction will take place at 10 a.m. at the Hennepin County Sheriff's Office in Minneapolis. Originally set for October 10, the sale was postponed due to financial issues with the building's owner, Opal Holdings.

    The lender, Seattle-based Columbia Pacific Advisors, filed a complaint in August after the tower's owner owed $73.4 million as of October 12. The original loan of $65 million was made in 2022. New York-based Opal Holdings purchased the five-tower complex for $366 million in 2022.

    The property has faced financial difficulties, including receivership for its 8200 Tower and unpaid property taxes totaling nearly $10 million. However, the office complex remains one of the most sought-after in the area, with an occupancy rate around 80%. The Twin Cities' combined suburbs have a relatively low office vacancy rate of 11.5%.