ARDEN HILLS, MN-The rental housing on the southeast corner of Cleveland Avenue and County Road E2 would be leased to Bethel College students, at least in the early years. Senior housing may be the eventual use.
MINNEAPOLIS-Despite a proposal to demolish the 1,300-seat theater, the fate of the Minneapolis landmark has yet to be decided by the Minneapolis Heritage Preservation Commission, then the city council.
KANSAS CITY-The 217-room upscale art deco Downtown hotel at 12th and Baltimore Streets has undergone a $20-million renovation. It is the 11th hotel in Milwaukee-based Marcus Corp.'s management portfolio.
MAPLE GROVE, MN-The doughnut franchiser says it plans to serve the new stores and others in the Midwest and West, including Mall of America, through a new manufacturing and distribution facility in Effingham, IL.
SIOUX FALLS, SD-The loan on the 80-unit Oakmont Estates Apartments, built in 1999 and fully occupied, carries a 7% rate and 10-year term. Bethesda, MD-based AMI Capital, Inc.'s Kansas City office handles the deal.
MILBANK, SD-Studies show the region needs another 600-megawatt coal-fired power plant in addition to the existing Big Stone Plant to meet energy consumption needs that are rising by more than 15% a year.
MINNEAPOLIS-Carl Pohlad will retain some banks, as well as his interests in the NorthMarq Capital commercial real estate finance business and United Properties property management firm after his deal with Wells Fargo & Co.
MINNEAPOLIS-The Minneapolis Institute of Arts is looking at a 100,000-sf expansion, while The Children's Theatre Company is considering a 40,000-sf addition. While they share a common campus, they each have specific needs.
ST. PAUL, MN-The shift allows the financial documents company more space and better access to financial clients. New locations are in Westend Carree in the center of Frankfurt and BCE Place in Toronto's financial district.
MINNEAPOLIS-One office broker sees vacancy rates climbing to 13.2% -- up from 10.5% -- with new construction coming in line while another expert is slightly more optimistic about the sector, foreseeing 12.4%.