MINNEAPOLIS-Overall office vacancy climbs to 12.7%, says a United Properties report. Rises continue in all submarkets, more so in Downtown and the Southwest suburbs, less so in the Northeast, Northwest and West submarkets.
MINNEAPOLIS-Overall office vacancy climbs to 12.7%, says a United Properties report. Rises continue in all submarkets, more so in Downtown and the Southwest suburbs, less so in the Northeast, Northwest and West submarkets.
EAU CLAIRE, WI-Lehman Bros. and Pacific Coast Capital Partners have paid $8 million for the former shopping mall and plan to spend an additional $6 million to convert it to a business park.
BLOOMINGTON, MN-The networks consultant is promising to "aggressively expand" its presence in the market but starts out small, signing a one-year lease for 250 sf on the 11th floor of the Regus Business Center.
MINNEAPOLIS-M.A. Mortenson is the general contractor on Abbott Northwestern Hospital's 388,000-sf building. The heart hospital is expected to be an economic development catalyst for the surrounding Phillips neighborhood.
MINNEAPOLIS-Baseball owners say they plan to go ahead with contraction, but say little about the fate of the Twins, the main tenant of the Metrodome. Meanwhile, Congress will hold a hearing Dec. 6 on baseball's antitrust exemption.
ROSEVILLE, MN-The lease for the 5,700 sf store in Rosedale Center was negotiated by The Staubach Co. brokers in its Dallas and Chicago offices. The opening marked the retailer's 24th outlet in its 22nd state.
MAPLE GROVE, MN-The store is the chain's eighth in Minnesota, considered a strong market for the Denver-based chain. Current locations are in Bloomington, Burnsville, Coon Rapids, Minnetonka, Richfield, Rochester and Roseville.
MINNEAPOLIS-As Major League Baseball owners discuss contraction, efforts are underway to block the elimination of the team as well as to develop a new stadium proposal and new ownership for the Twins.
MINNEAPOLIS-McCormack Baron will develop the former 145-acre public housing site, the first phase of a $225-million project. Units will be rented to public housing and low-income families, as well as market-rate tenants.