Recently-formed Silver Bay Realty Trust Corporation, which will buy distressed properties for rental and resale, is hoping to raise between $238 million and $265 million through an initial public offering.
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Eagan-based Prime Therapeutics and Bloomington-based The Nerdery are among 100 companies from across the country that received “Hire Power Awards.”
Upscale retailer Saks Fifth Avenue’s discount division will open a 28,000-square-foot anchor store at a planned outlet mall in Eagan.
Aetrium recently declared a proxy vote moot because a group of dissident investors was unable to establish a quorum; the investor group is now suing the company and accusing its directors of a “gross violation of shareholder rights.”
The city’s permitted construction projects surpassed the $1 billion mark for the first time since 2000.
The metro area ranked third on Travel + Leisure magazine’s list of “America’s favorite cities” based on ratings of readers who are visitors to the area; it ranked 12th based on ratings of those who reside here.
Wipfli has acquired Eikill & Schilling, a consulting and accounting firm with offices in Duluth and Cloquet.
In addition to being named chief executive, David Gagne has joined Winland Electronics’ board of directors.
On Tuesday night, the Shakopee City Council will discuss Emerson’s request for a $6 million assistance package; an Emerson spokesman said Shakopee is one of “multiple options” that it’s considering for expansion.
The Hastings-based company has more than 1.5 million members at its clubs; on average, a new gym opens every 36 hours, and a new member joins every three minutes.
The union representing American Crystal Sugar’s locked-out workers said that 55 percent of voting workers rejected the company’s offer—the same offer that Crystal Sugar has extended three other times.
The amended deal does not include Champion Technologies’ refinery unit, which Ecolab believes was the subject of government concern over potential anticompetitive issues.
Citing an unnamed “person familiar with the matter,” The Wall Street Journal said that private equity firm Cerberus Capital Management, LP, is considering a deal to buy Supervalu’s entire business and another to purchase just its Albertsons stores.
Ken Cutler, who joined the firm almost 40 years ago, will serve a three-year term as managing partner; he succeeds Marianne Short, who’s leaving for UnitedHealth Group on January 1.
Norwest Equity Partners sold Becker Underwood to German chemical company BASF.
Blake Hastings, who most recently served as senior vice president at the Phoenix office of Cassidy Turley, will succeed the longtime leader at CBRE's Minneapolis office.
Steven Spiegel will replace Brent Moen, who has held the top financial post at Regis for less than two years.
The 1 percent same-store sales decline, which failed to meet the expectations of both the company and Wall Street analysts, was driven by weak performance during the first two weeks of the month.