Author’s archive

Upscale Minnetonka Apartments Sold for $23M

Chasewood Gates, an upscale apartment complex located at 6100 Chasewood Parkway in Minnetonka, has been purchased for about $22.7 million. Keith Collins of CB Richard Ellis in Minneapolis-who helped arrange

Apex Acquires Wisconsin Document Processing Co.

Little Canada-based Apex announced Monday that it has acquired Green Bay, Wisconsin-based LaserNet, LLC-a provider of document delivery solutions to the health care, financial services, transportation, and utilities industries. Financial

September Home Prices, Number of Sales Drop

Metro-area pending home sales in September totaled 3,102-down 37.8 percent from the same period in 2009-but the figures reflect an "apples-to-oranges" comparison, according to a report released Monday by the

Sun Country Launches Travel Service for Businesses

Mendota Heights-based Sun Country Airlines has launched a new service that offers personalized travel management services to businesses. Called Sun Country Business Concierge Travel Specialists, the program provides individualized service

3M Invests in German Printed Electronics Firm

3M Company, Inc., said Thursday that its venture-capital arm, New Ventures, has invested in a Germany-based printed electronics firm. Maplewood-based 3M didn't reveal how much of a stake it purchased

ArcStone Tech Sells File-Sharing Division

ArcStone Technologies-a Minneapolis-based Web design, programming, and marketing company-announced Friday that it has sold its Wonderfile business division. The division was sold to Rochester, New York-based BlueTie, a provider of

Hecker Ordered to Give Up Cash, Says He Spent It

U.S. Bankruptcy Judge Robert J. Kressel issued an order on Wednesday demanding that Denny Hecker and his girlfriend, Christi Rowan, turn over insurance checks-totaling about $109,000-that allegedly belong to the

Rhode Island Firm Buys Northland Inn

Providence, Rhode Island-based Hotel Asset Value Enhancement (HotelAVE) announced Friday that it has acquired the Northland Inn in Brooklyn Park. Financial terms of the acquisition were not disclosed. HotelAve partnered

Marathon Agrees to Sell MN Assets for $900M

Houston-based Marathon Oil Corporation announced Wednesday that it has entered into definitive agreements to sell the majority of its "Minnesota downstream assets" for $900 million. The company first announced plans

Mayo Clinic Added to UnitedHealthcare Network

Mayo Clinic and UnitedHealthcare on Thursday announced a new network relationship which will give UnitedHealthcare commercial plan customers in-network access to Mayo Clinic doctors and hospitals beginning November 1. All

Micromedics Acquired, to Launch Spin-Off Co.

Westlake, Ohio-based Nordson Corporation-a developer of dispensing equipment and applicators for the medical industry-announced Tuesday that it has entered into a definitive agreement to acquire St. Paul-based Micromedics, Inc. The

Target Sept. Sales Up But Miss Expectations

Target Corporation's same-store sales rose in September but failed to meet the expectations of Wall Street analysts. Same-store sales-sales at stores open at least a year and an industry barometer-increased