NEW BRIGHTON, MN-State lawmakers adjourned without passing changes to tax increment financing law necessary for the medical device maker's plans to build a 560,000-sf first phase facility that could eventually mean 1.5 million sf in construction.
MINNEAPOLIS-The state's fourth largest hospital system will take over the five years left on Qwest Communications at two buildings in Stinson Technology Campus. Fairview Health Services exits 60,000 sf of leased space in other locations in the market.
PLYMOUTH, MN-Collateral Mortgage Capital, LLC, provides financing for the 224-unit multifamily rental development. The interest rate on the 10-year mortgage is in the mid-5% range.
PLYMOUTH, MN-The grocery-anchored shopping center was bought by a partnership managed by Tristar. The center is about 82% occupied with a Lunds grocery store, Ruby Tuesday, Chipolte, Noodles & Co., Old Chicago and Buffalo Wild Wings.
MOORHEAD,MN-Gov. Tim Pawlenty credits the state's Job Opportunity Building Zone initiative for convincing a wind energy company and the nation's largest John Deere sales and service company to consolidate and expand operations in McCARA industrial park.
MINNEAPOLIS-The disposition of the two department store chains will not affect the growth of its Target discount chain, which is continuing to add from 8% to 10% more net square footage each year.
ST. PAUL-The huge discounter takes over a 124,000-sf building in the Midway district formerly occupied by Kmart. By taking over a discounter's former store, Wal-Mart was able to avoid zoning issues.
MINNEAPOLIS-The food retailer and wholesaler blames slumping sales for its decision to pull the plug on five Buy n Save stores in the Twin Cities and two EconoFoods supermarkets in Rochester, MN.
ST. PAUL-The Minneapolis-based nonprofit developer Central Community Housing Trust plans to renovate the vacant 100-year-old warehouse Downtown to create 61 units of affordable housing.
ST. PAUL-The St. Paul Public Housing Agency sold its former headquarters building to Minnesota Public Radio two years ago. It is leasing up to 10,000 sf at Minnesota and 11th streets.