EDEN PRAIRIE, MN-The $368-million deal would give the consumer electronics retailer 89 stores in Canada. The offer to buy Canadian consumer electronics retailer Future Shops Ltd. is now good until Oct. 31.
MINNEAPOLIS-After several years of 10% rent hikes, next year will see average rents go up 2% to 3% percent, according real estate experts. Increased supply and a slowing economy will keep increases down.
MINNEAPOLIS-The architectural firm hires Janeil Shambour as manager of general accounting and Larry Zangla as architectural plotter. Meanwhile, CRESA Partners promotes Kelly Kafer to marketing associate.
BLOOMINGTON, MN-Midwest Retail LLC, a venture between United Properties and Lutheran Brotherhood life insurance company, will focus on neighborhood shopping centers anchored by grocery stores.
MAPLEWOOD, MN-Setback from White Bear Avenue is the issue between Semper Development and the city. The developer wants to build a Walgreen's drug store 110 feet from the street, the council has approved 69 feet.
BROOKLYN CENTER, MN-The new facility gives the Toro distributor a larger product display and improved customer access in the new France Avenue Business Park II complex. The firmn also has an office in Fargo, ND.
ST. PAUL, MN-Mayoral candidate Jay Benanav has opposed a subsidy for the Downtown Dayton's store as well as a stadium tax proposal. He favors cleaning up brownfields and creating jobs.
MINNEAPOLIS-The Minnesota Vikings want a new stadium not a fixed-up Metrodome. They claim much of a $3-million improvement program benefits Metropolitan Sports Facilities Commission offices.
OMAHA, NE-The 215-room property is operated by NPHD Inc. and managed by Hotel Managers Group. "There continues to be strong interest from the Midwest," says Red Lion Hotels & Inns COO Tom Murray.