ST. PAUL-David Williams replaces founder Curt Glaser, who remains chairman. The company has more than doubled its commercial loan servicing portfolio to $2.5-billion over last three years.
BEMIDJI, MN-The building designed by The Leonard Parker Associates and built by Minneapolis-based Kraus-Andersen will revert to state ownership at the end of a 20-year lease. Evidence collected upstate no longer needs to be sent to the Twin Cities.
MINNEAPOLIS-The state allocates $500,000 for stadium design, but puts off talking about how to pay for it. That prompts Minnesota Vikings owner Red McCombs to hire JP Morgan Securities to evaluate "all possible options.
ST. PAUL, MN-The $80-million to $120-million roof could be done on a lease arrangement with a contractor. It would ensure fans traveling from distant states would see a game.
ST. PAUL, MN-The Twins ballpark bill puts $500,000 in an account to explore building a joint facility for the Minnesota Vikings and University of Minnesota football teams. Both would vacate the Metrodome, which could fetch $26 million.
WICHITA, KS-The hotel chain reports a loss of $13.7 million, saying business travel has been slow to recover. An indication is a 7.4% decline in revenue per available room.
BROOKLYN CENTER, MN-Shaw-Lundquist Associates, Inc. will do the construction on the project, the largest component being 22,000 additional sf at the Brookdale Area Library.
MAPLEWOOD, MN-The 894,000-sf mall is Simon Property Group's third asset in its Minnesota portfolio, which includes Mall of America. It managed the retail center in the 1990s before a switch to Urban Retail Properties.
ST. PAUL, MN-Legislatures provide $24 million for the Guthrie Theater, $9.5 million for the Minneapolis Planetarium, but snub Gov. Jesse Ventura's favored light rail project. That puts the other two projects in jeopardy.