EAGAN, MN-The parking facility is part of a three-phase, 300,000-sf Spectrum Commerce Center project. It is the largest reuse of an existing structure in Minnesota, and perhaps the US.
WINONA, MN-The retailer admits it could revise its expansion plans as it closely monitors economic conditions. The company opened 128 new stores last year, the high end of its target, to crack the 1,000-store mark.
MINNEAPOLIS-Occupancy is down 5% to 15%, while room rates are down from 15% to 30%, according to a Marquette Advisors executive. St. Paul's Downtown market is holding up better than here.
LINO LAKES, MN-The subsidiary of Bio-Vascular Inc. will move some of its operations to the new headquarters and operations facility at 400 Apollo Dr., a mile from its current location.
MINNEAPOLIS-The Rotter family already owns 69% of the shares, and will pay $9 per share for the remaining stock, or approximately $16 million. The company will use its credit line to buy the shares.
ROSEVILLE, MN-Revenues are down due to a sell-off of its New Jersey operations. Also, The Rottlund Co. says there is a decline in average selling price because of a different mix of models being sold this year.
MINNEAPOLIS-The central library is expected to operate out of 100,000 sf at the Marquette Plaza site for several years while a new complex goes up on its old site. The former Federal Reserve Bank is being redeveloped.
ROCHESTER, MN-The architectural and engineering firm has tapped Gary Gray as head of the new office. The move is part of the firm's local focus, putting offices in areas where its clients are.
MILWAUKEE-Mitsubishi says the roof for the new $393-million stadium cost far more than the one they agreed to build. Southeast Wisconsin Professional Baseball Park District alleges negligence and poor management.
ST. CLOUD, MN-The move puts into doubt the fate of its 1.1-million sf distribution center here, as well as its office space in Plymouth, MN and Eveleth, MN. The city subsidized part of a 500,000-sf, $20-million expansion.