Indianapolis-based Scannell Properties has announced plans to convert Deluxe Corp.’s Shoreview corporate campus into a mixed-use development. Scannell acquired the property in a sale-leaseback deal before Deluxe unveiled plans to
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When Apple gives up on Uptown, you know it’s grim. Typically a magnet in any location, Apple said Thursday that it will permanently close its Hennepin Avenue store. Apple’s four
It may be hard to believe, but just a few years ago Seattle-based e-commerce giant Amazon.com had zero physical presence in Minnesota. No warehouses, no distribution centers, nothing. That changed
While the majority of the nation’s office workers still aren’t back in the office, the Covid-19 pandemic has not completely killed office leasing. The local office of Los Angeles-based CBRE
Minneapolis-based Target Corp. doesn’t open many big box stores these days. The new stores it’s adding are almost exclusively smaller-format stores with less than 50,000 square feet of shopping space.
The good news? Minnesota’s unemployment rate fell to 6 percent in September, a sharp drop from the 7.4 percent rate in August. The bad news? The decline was driven largely
Amid a bumpy pandemic economy, Minneapolis-based U.S. Bancorp saw mixed results for the third quarter. On Wednesday, the bank reported revenue of $5.96 billion, which was up 0.7 percent compared
Kindeva Drug Delivery, a spinoff from Maplewood-based 3M Co., plans to build its headquarters as an independent company in Woodbury. The 136,000-square-foot project will be built and developed by Minneapolis-based
Minneapolis-based JADT Development Group is gearing up to build a new $60 million housing development in North Minneapolis. The Satori Village project calls for a total of 198 units with
The state surveys new business filers for ownership info. While voluntary, the numbers for August underscore the diversity of those starting a new business. • People of color: 113 percent
Many local businesses were burned and looted during the social unrest following the killing of George Floyd in late May. But one operator was flooded out of business. The Uptown
Piper Sandler Cos. is mulling moving its headquarters out of downtown Minneapolis. Although Piper is not a Fortune 500 company, it would be a big loss for the central business
Richfield-based Best Buy Co. Inc. has raised $650 million through a just-completed bond sale. According to a filing with the U.S. Securities and Exchange Commission, the filing was completed on
The pandemic economy remains a mixed bag, but in September the Twin Cities saw a housing boomlet. Housing First Minnesota released new statistics showing that 650 single-family home building permits
On Tuesday morning, Minneapolis-based Target Corp. released its 2020 Corporate Responsibility Report. It drew little news coverage or commentary on social media. That’s likely because it is not light reading:
There’s something in the water supply in Minnesota. The state widely known for med-tech businesses is now becoming fertile ground for new health care insurers. Minneapolis-based Bind Benefits Inc. is
On Monday, Cleveland-based Cleveland-Cliffs Inc., a large iron ore and steel producer, announced a deal to buy the U.S. operations of Luxembourg-based steelmaker ArcelorMittal for approximately $1.4 billion. The global
Anoka-based Vista Outdoor Inc. has been named the successful bidder for part of the ammunition business of the bankrupt Alabama-based Remington Outdoor Company Inc. Vista Outdoor is slated to pay