BLOOMINGTON, MN-The eight-year-old mall's 5.5 million sf second phase could eclipse the first, which at 4.2 million sf, makes it the nation's largest retail-entertainment complex. Bausch now oversees that expansion.
MINNEAPOLIS-A lease renewal and an expansion cover more than 74,500 sf , or about 13% of the 40-story office building. The deals involve a 10-year renewal by Marquette Bancshares and 53-month lease expansion by Dain Rauscher Inc.
MINNEAPOLIS-The parent Target Corp. is dropping the names of Dayton's and Hudson's on its department stores, including 21 Hudson's stores in Michigan, in favor of the Marshall Field's name.
ELK RIVER, MN-The plant, expandable to 160,000 sf, will be built for SoftPac,which makes liquid consumable products in stand-up pouches. The new plant's site is in the city's West Business Park.
MINNEAPOLIS-The building's new owner, Ryan Cos., is converting the top four floors to office space with a restaurant continuing to anchor the first floor. The Essex Building could see up to $3 million in renovations.
EDEN PRAIRIE, MN-Opus Northwest has its first tenant for its 138,000-sf office building set to open in June near Prairie Center Drive and Highway 5. Cardinal makes glass for residential windows.
MINNEAPOLIS-An advisory panel recommends Twins owner Carl Pohlad should kick in about $150 million for a new stadium. Further, it suggests diverting taxes generated by the ballpark, including player and front-office salaries.
MINNEAPOLIS-Some observers believe the name change sets the stage for selling the department stores to concentrate resources on growing its SuperTarget stores. The retailer says stronger name recognition is the reason.
RED LAKE, MN-The current casino here will be converted back to its original use as a community center after a new casino, 40-room motel and water park are built on Minnesota Highway 89 on the edge of the reservation.
ST. PAUL-Retail experts see the city's $6.3-million subsidy as a good investment, pointing out other cities such as Minneapolis have spent much more to retain or attract department store. Little retail is left Downtown.