The Bork brothers allegedly orchestrated a $4 million mortgage fraud scheme that defrauded 24 area lenders.
Real Estate + Development
Linda Tuttle-Olson, who operated a real estate closing company, was sentenced to 42 months in prison for allegedly stealing nearly $1 million from clients' escrow accounts.
Richard Sand, a lawyer and former White Bear Township official, was sentenced to two-and-a-half years in prison for his role in a $2 million loan fraud scheme.
The fair's 350,000 square feet of space are reportedly valued at around $200 million, for insurance purposes. The annual budget for the fair this year is reportedly $38.5 million, and gross revenue is expected to match that amount, according to a recent report.
Three remodeling projects celebrate the clean lines of old buildings.
Hempel sold the Rockridge Center to Recency Centers, which also recently purchased the Calhoun Commons shopping center in Uptown Minneapolis.
A building in Minneapolis and a building in St. Paul were selected as finalists in a ranking of the nation's top affordable housing projects-and both were recognized in the historic rehabilitation category.
Hennepin Theatre Trust has moved into new offices in downtown Minneapolis, and construction of the New Century Theatre begins in full force on Friday.
The Minnesota Department of Commerce alleges that Modify My Loan US began operations in Minnesota without a license, used false advertising, didn't disclose its poor financial condition to customers, charged fees for services that weren't actually provided, and failed to issue promised refunds.
Welsh Property Trust has purchased a 741,092-square-foot industrial building located in the Indianapolis suburb of Plainfield, Indiana.
A proposed development project may bring a new hotel, retailers, and an entertainment center to Minneapolis' North Loop neighborhood.
Four development projects were pitched for the historic Grain Belt site in northeast Minneapolis.
Chad Wegscheider reportedly is accused of conspiring to commit mortgage fraud related to the conversion of apartment buildings into condominiums.
Downtown Minneapolis strip club Schiek's has been bought by the owner of competitor Rick's Cabaret, and it has been renamed The Downtown Cabaret.
Mid-year data from NorthMarq shows that the vacancy rate for all property types in the Twin Cities is down, but the road to recovery still appears long and slow.
Derrick Lance is charged for his alleged role in a $20 million mortgage fraud scheme involving 57 properties. Lindsey Rae Loyear, meanwhile, was charged on Friday for her role in a mortgage fraud scheme involving the Cloud 9 Sky Flats development in Minnetonka.
Plans for the former Jaguar dealership in Minneapolis include a six-story luxury apartment building and a 37,500-square-foot grocery store, according to a report by Finance & Commerce.
The debate over where the Vikings should play revives a familiar plan for a sports and entertainment corridor near Minneapolis’s North Loop. Bruce Lambrecht, one of Target Field’s earliest and most controversial advocates, believes his ideas can win again.