EDINA, MN-The world's largest hair care salon says it hopes to reduce debt by slowing down its growth of new stores. The company has 6,604 salons in six divisions.
ST. PAUL, MN-The consulting firm had signed a letter of intent to lease 140,000 sf at the new Minnesota Life building Downtown. However, lack of the need for job growth forced the company to reconsider.
BLOOMINGTON, MN-The commercial real estate firm is developing expertise in telecommunications infrastructure and has hired Bill Stone, who has 22 years of experience in the telecommunications industry.
GOLDEN VALLEY, MN-LeJeune Investment Inc. plans to use the land to expand Carousel Automobiles' Audi and Porsche dealership along Interstate 394 near Highway 169. The land had been used for employee parking.
MINNEAPOLIS-The first phase of the Humboldt Greenway housing development on Minneapolis' Northside includes 90 homes and 75 rental units for seniors. The housing development will occur in several phases over several years.
GOLDEN VALLEY, MN-Construction of a six-story, 324,000-sf office building to house about 1,700 workers, a 138,000-sf employee-services center with cafeteria and fitness rooms, and a four-deck parking ramp, could start this summer.
WILLMAR, MN-The Georgia firm also will close its Benson, MN plant and Minnetonka, MN offices of newly acquired Ag-Chem Equipment. The plant here will be put up for sale when operations move to Jackson, MN.
MINNEAPOLIS- A semi-annual cash dividend of 47.5 cents per share payable May 15 to shareholders of record April 30. The company is shifting to providing software it but still owns a four-property portfolio of 129,000 sf.
MINNEAPOLIS-Wells Fargo will pay up to $50 million to renovate the 950,000-sf office complex for its mortgage subsidiary. Its estimate for the work at the former Honeywell corporate headquarters was $20 million.
MINNETONKA, MN-The mortgage company organized as a REIT lends to churches and other non-profit religious organizations throughout the US. It declares a dividend of 21.25 cents a share.