Real Estate

Mortenson Among 3 Cos. Vying for Vikings Stadium Contract

M.A. Mortenson Company, Hunt Construction Group, and Skanska AB have submitted bids to oversee construction of the stadium.

Lawson Software Parent Considers Moving From St. Paul

Infor’s current lease at Lawson Commons is set to expire in mid-2015, and a spokesman said the company always explores its options when a lease is up for renewal but added that Infor’s need for physical space in St. Paul has diminished.

Rip Rapson

Former Twin Cities Leader Aims to Revitalize Detroit

The Kresge Foundation, led by former McKnight Foundation President Rip Rapson, unveiled a 50-year blueprint for Detroit and pledged $150 million to help revitalize the ailing city.

Saints stadium rendering

Ryan Cos. Awarded Saints Stadium Contract After All

The City of St. Paul previously selected the company to design and build the new Saints stadium, but public opposition to the contract award prompted the city to seek competitive bids.

Handshake

Edina Realty Parent Buys CA Firm, On Acquisition Spree

Minneapolis-based real estate brokerage firm HomeServices of America, which made a series of acquisitions last year, has continued the trend into the new year with its purchase of California-based Guarantee Real Estate, one of central California’s largest brokerage firms.

Mille Lacs Band of Ojibwe to Buy 2 St. Paul Hotels

The band’s leaders did not disclose the names of the hotels, although sources told local news outlets that they are the Crowne Plaza and DoubleTree in downtown St. Paul.

Handshake

Minnetonka-based The Business Bank Sold to Bell State

Bell State Bank & Trust’s parent company is acquiring Minnetonka-based The Business Bank and its mortgage division; together, the two companies originated nearly $3 billion in mortgages last year.

Dollar bills

U.S. Bank, Wells Fargo Part of $8.5B Deal with Regulators

U.S. Bancorp said that its portion of the $8.5 billion settlement includes $80 million in cash and about $128 million in mortgage assistance services; Wells Fargo, meanwhile, will pay $766 million in cash.

Shovel

Twin Cities Residential Building Surged in 2012

For the full year, there were 4,275 residential construction permits issued for a total of 9,035 units—nearly double the number of total units permitted in 2011.

Barn

Steve Schussler Transforms a Historic Eden Prairie Barn

With a new name and a slew of renovations, a historic Eden Prairie barn looks to become the place to be.

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