MINNEAPOLIS-R.T. Rybak puts affordable housing at top of his list, but shuns public development subsidies, such as public money to build a Target store Downtown as well as a new ballpark for the Twins.
ST. PAUL, MN-Movie Gallery will wait for an auditors' report before going ahead with merger of 330-store chain Video Update. Deloitte & Touche is investigating allegations of wrongdoing by former Video Update managers.
MINNEAPOLIS-Diane Kroupa thinks Minnesota cities will be under pressure to raise valuations after passage of historic property tax reform. Her clients will include owners of malls, apartment buildings, business campuses.
MINNEAPOLIS-The 822,000-sf 900 Nicollet complex will serve as headquarters for Retek, as well as Ryan Cos. and Target vendors. Subsidies worth more than $60 million may have cost Mayor Sharon Sayles-Belton re-election.
MINNEAPOLIS-The two buildings, "a symbol of changing times for Brazil Telecom," will total 80,000 sf and cost from $24 to $36 million. The architect has done three similar projects in Brazil.
ABERDEEN, SD-The move is a way for Super 8 Motel Developers Inc. to buy back its own shares owned now by World Services, which says it has no operating assets. Super 8 Motel Developers operates motels in four states.
EDEN PRAIRIE, MN-The 1,800-store consumer electronics chain will convert the 91 Future shops to Best Buy outlets over next several years. Future Shop President and COO Kevin Layden will stay on.
MINNEAPOLIS-Louis R. Suski, a 13-year-industry veteran, comes from Cushman & Wakefield, where he directed industrial brokerage services. His American Industrial Properties also developed and leased 560,000-sf Carlson Business Center.
PHILIPS, WI-Philips Plastic's new 85,000-sf factory, designed by Krueck & Sexton of Chicago, and Minneapolis-based Ellerbe Becket's 500,000-sf "smart arena" in Japan are winners in Business Week/Architectural Record Awards.
EDEN PRAIRIE, MN-The quickest way to enter the Canadian market, the consumer electronics retailer reasons, it to buy up the 91-store Burnaby, BC-based Future Shop Ltd. chain in a $354-million stock deal.