BLOOMINGTON, MN-Property taxes remain shopping center owners' top concern but retail bankruptcies are No. 2 with a bullet. Best opportunities are restoration and redevelopment, says the Minnesota Shopping Center Association.
ROCHESTER, MN-The company is tapping into the hot hotel segment sought by business travelers and relocations. The three-story, 98-room hotel is likely to serve patients or families of patients undergoing treatment at Mayo Clinic.
BURNSVILLE, MN-Three days of hearings next week will address whether a proposed 9,500-seat amphitheater would create substantial noise pollution in neighboring Bloomington. The project could be held up for as long as a year.
EDEN PRIARIE, MN-Distribution facilities were built in Boston and the St. Louis areas, then sold to investors. New Jersey-based Monmouth Real Estate Investment Corp. bought the St. Louis facility.
EAGAN, MN-The two projects, in Virginia and Aurora, will cost about $13.8 million, offset by $2.7 million local grants and incentives. While work begins this month in Virginia, plans in Aurora are not final.
PLYMOUTH, MN-Equus-Plymouth, LLC will own the $6.5-million project being built at the southwest corner of state highways 55 and 169. The property will consist of 65 studio and 24 one-bedroom suites.
LAKE NORDEN, SD-The addition of a mozzarella cheese plant is one of the largest Midwest dairy production expansions in decades. Completion of the expansion of the 18-year-old plant is expected some time in 2003.
MINNEAPOLIS-As efforts by Major League Baseball to eliminate two teams imperils the Twins, the public agency counters progress is being made on a new ballpark and that baseball has yet to reform its economic structure.
MINNEAPOLIS-The $8.9-million renovation of the 40,000-sf Pantages Theatre and Stimson Building will be a "major addition" to the entertainment district, says Mayor Sharon Sayles Belton. The theatre is scheduled to reopen in a year.