LAWRENCE, KS-The 152-unit AMLI at Alvamar complex was bought by AMLI in 1994. At 12 years, it was much older than the Chicago-based REIT's preferred age of its properties. It was sold to a local real estate company.
MINNEAPOLIS-The commercial developer has initiated professional development programs for its administrative staff, which represents 25% of its employees, resulting in the International Association of Administrative Professionals Award for Excellence.
JANESVILLE, WS-The $2.2-million project includes 4,600 sf of office space for lease at 2720 N. Lexington Dr. from owner La Crosse, WI-based First Federal Savings Bank. Madison, WI-based Tri-North Builders was general contractor.
GRAND RAPIDS, MN-The new combined heat and power would use up to 40% wood waste products from Blandin's paper mill while providing about 225 megawatts of electric generation capacity. Construction would begin in the fall of 2002.
ST. PAUL, MN-Wellington Management recently made a major investment in the Midway area. The Midway Chamber of Commerce also names Dawn Grant of Colliers Towle Real Estate Co. to its board of directors.
ST. PAUL, MN-The commercial property-casualty insurer is one of St. Paul's -- and Minnesota's -- oldest businesses. It now is one of the most visible thanks to an 11.5-ton steel logo atop its building.
MINNEAPOLIS-The construction firm veteran has had a broad array of experience in office parks, retail buildings and expansions, working up from union carpenter to foreman and superintendent.
MINNEAPOLIS-Heavy use of tax increment financing and high debt levels to finance economic development are among reasons cited by the bond house for downgrading Minneapolis bonds from AAA to AA1.
OLATHE, KS-Glimcher Realty Trust officials see manufacturer's outlet that sells brand names like Vanity Fair, Lee, Wrangler, JanSport as a good fit at its outlet center in the Kansas City metropolitan area.
MINNEAPOLIS-This city has the largest local TIF district, but suburbs like Chaska and Chanhassen have a much higher portion of their tax base in TIFs, making them even more vulnerable to recent property tax code changes.