SHOREVIEW, MN-Wells Fargo & Co.'s $40-million- to $60-million-deal represents a trend in which banks are moving their back office and customer support operations away from congested Downtown districts.
MINNEAPOLIS-The Minneapolis grocery retailer and wholesaler plans to buy U Save Foods, an Omaha-based chain. Nash Finch Co. already owns and operates 97 supermarkets in the Upper Midwest.
MINNEAPOLIS- John P. Kelly has been an active member both at the international and local levels, including a stint as president of BOMA Minneapolis. He is executive vice president for the large commercial real estate developer.
MINNEAPOLIS-A backlog of 648 residential units is up from a year ago and new orders are down a bit for the home builder that concentrates on this market as well as Tampa, FL and Des Moines, IA.
MINNEAPOLIS-The multifamily vacancy rate hovers in the low- to mid-2% range as population growth continues. However, a number of new projects are under construction, and a change in property tax law may spark more building.
RICHFIELD, MN-Developer Opus Northwest proceeds with the 1.5-million-sf office complex despite pending legal challenges from residents who object to the potential for more traffic and pollution.
MAPLE GROVE, MN-The regional planning organization for the seven-county area credits Robert Burlingame with promoting "smart growth" initiatives and perserving a mix of housing opportunities in the Twin Cities suburb.
MINNEAPOLIS-The North Carolina doughnut chain wants free-standing, drive-through units in high traffic locations. It plans to open its first Twin Cities outlets late this year, according to brokers at United Properties.
BLOOMINGTON, MN-United's facility services group now has more than 14 clients and 5.2 million sf under management with a contract to oversee operations of the hearing aid maker's 124,000-sf regional headquarters complex.
ST. PAUL, MN-The Catholic college based in Duluth now leases about 6,000 sf at 340 Cedar St. but plans to expand this fall with an addition of a first-floor office and conference room.