A California investment firm purchased two of Cargill’s three corporate buildings in Hopkins; the two buildings totaled more than 500,000 in square footage.
Agriculture
Phillips Edison purchased the Northstar Marketplace—which is anchored by a Coborn’s grocery store—last week, marking its fourth shopping center acquisition in Minnesota.
Town Hall Brewery, which has grown in recent years through the addition of two satellite locations, is now investing roughly $600,000 to renovate its flagship brewpub.
Minneapolis’ Restaurant Alma ranked highest on Zagat’s annual list, which includes eateries that serve up everything from aged steaks to oysters to “Jucy Lucys.”
Granite City Food & Brewery said that disclosure costs did not outweigh the benefit of being a reporting public company.
Which threatens southwest Minneapolis residents more: an abandoned gas station or a thriving business?
ConAgra Foods, one of the companies involved in the large-scale merger, cited an “ongoing regulatory review process and discussions with the U.S. Department of Justice” as reasons for the delay.
Profits are up in nearly all of Hormel’s major businesses, and its international market saw a huge jump, due in part to the acquisition of the Skippy peanut butter brand early this year.
The company reportedly told employees that the Fairmont plant will close its doors at the end of January, although it’s unclear how many workers are affected.
Competing via relationships instead of transactions.
For Minneapolis and St. Paul to remain prosperous, we should learn from other cities, like Denver.
Some of Minnesota’s largest companies have committed hundreds of thousands in dollars and services to disaster relief in the Philippines.
Caribou Coffee is joining forces with Faribault Woolen Mill Company, to sell a line of joint merchandise; it is also opening two new co-branded locations in the Twin Cities with Bruegger’s Bagels.
A jury sided with Willmar-based Relco after two former employees allegedly used confidential company information after moving to a competitor.
The South Minneapolis eatery seeks $100,000 through Kickstarter, a level of funding obtained through the site by few other restaurants.
Tin Whiskers Brewing is reportedly gearing up to open a taproom in downtown St. Paul’s Rossmor building.
Minnesota Senator Amy Klobuchar and Representatives Collin Peterson and Tim Walz are among the 41 lawmakers sitting on the bicameral committee assigned to forge a compromise farm bill before the end of the year.
Summit recently paid $2.3 million for a building that will house a new canning line.