WOODBURY, MN-Robert Muir Co., an Edina-based developer of retail properties, takes its Woodbury Village Shopping Center off the market after a tentative deal fell through due to Frank's closing its store there. The company also took the Village of Blaine off the market.
ST. PAUL-The nonprofit University Enterprise Laboratories plans to begin a $20-million renovation of a 125,000-sf building in early November that will house start-ups and related firms. Peter Bianco will recruit and evaluate prospective tenants for the incubator.
RED WING, MN-The manufacturing facility, which was recently closed by the class ring and yearbooks company, is on 14 acres in the area's "premier industrial park," says Jeff Patterson, director of corporate real estate services at Colliers Turley Martin Tucker.
MINNEAPOLIS, MN-Gina Dingman, hired from Griffin Cos., becomes vice president of investment services. Al Leirness, from Integra, signs on as vice president of appraisal.
ST. LOUIS PARK, MN-The company completes an $8.5-million stock offering and plans to go from eight restaurants to 26 over the next three years in the Midwest.
MINNEAPOLIS-Industry veteran Gary W. Ascher will specialize in tenancy-in-common marketing as well as tenant-in-common investment sales for Safe Harbor Properties Exchange, sponsored by the Geneva Organization and Upland Real Estate Group.
ST. PAUL-The plan would add 48 gates and a 400-room hotel at the Minneapolis/St. Paul International Airport. Expansion would accommodate growth by Northwest Airlines, which has its main hub here.
ST. PAUL-NorthMarq Capital arranges permanent financing for the 344 market-rate multifamily rental units that are a central part of a larger $170-million development.
MINNEAPOLIS-Multifamily units account for 45% of the 1,731 units planned, but year-to-date accounts for 45% of total units, according to the Builders Association of the Twin Cities.
MINNEAPOLIS-Occupancy levels are at 68.7%, up from 61.9% a year ago, according to a report Twin Cities hotel market from GVA Marquette Advisors, a Minneapolis-based real estate consulting firm.