MINNEAPOLIS-The buildings are design to protect companies against power failure, extreme weather and other catastrophic circumstances. Minneapolis-based design firm Ellerbe Becket and Oakdale, MN-based information management company Imation Corp. form an alliance.
WICHITA, KS-The value-oriented, business-travel hotel company sees a recovering economy and tight hotel market as good signs for 2002. However, revenue was down 6% across the Candlewood Hotel Co. chain in the fourth quarter.
OWATONNA, MN-new owner Mills Fleet Farm is fixing up the 205,800-sf facility, which will reopen later this year, on 42 acres near Interstate 35. Colliers Towle brokers the deal.
BLOOMINGTON, MN-Two policies, one for the 4.2-million-sf "mega-mall" and the other for the rest of Simon Property Group's portfolio, stems from GMAC Commercial Mortgage's lawsuit aimed at forcing the property owners to insure Mall of America against terrorism.
ST. PAUL, MN-The three buildings will be leased to retailers as Hamline Auto Body finds new quarters on Highway 280 and Broadway. The buyer, @Home Apartments, has hired Jim Kenney and Greg Hayes to market the former body shop.
ST. PAUL, MN-A $2.3-billion budget shortfall has legislators looking for places to cut back. However, backers say the proposed $120-million Northstar light rail commuter line is more cost-effective than $1 billion for new roads.
ST. LOUIS PARK, MN-The move to Parkdale Plaza at 1660 South Highway 100 reflects growth of the company's Q Pasa! messaging product. The company relocates from Golden Valley, MN.
ST. LOUIS PARK, MN-The new 127-room hotel is next to CSM's TownePlace Suites hotel near Interstate 394 and Park Place. Marriott has named CSM Lodging a repeat winner of its "Developer of the Year" award.
ST. PAUL, MN-Despite a proposal to add 3% to the local sales tax, the St. Paul Chamber of Commerce is marketing the city as a site for a new ballpark. The Twins would join the Minnesota Wild as the city's hometown team.
MINNEAPOLIS-Shareholders will receive $9.15 per share from the developer of multifamily housing in the Twin Cities, Des Moines, IA, and Tampa, FL. The company is now owned entirely by the Rotter family.