The asking price for Eden Prairie Center was nearly $100 million, and the Cahill Plaza shopping center sold for more than $8 million.
Real Estate
The city accuses a property owner of illegally discharging water into Minneapolis’ Chain of Lakes; the building’s property manager, however, remains hopeful that the parties can come to a “mutually acceptable solution.”
Stratasys Ltd. continues its string of mergers and acquisitions as it reinforces its presence in Japan.
The process of identifying owners and buying or condemning “eyesore” properties, City Council President Barbara Johnson says, is bureaucratic “paper jungle” that inevitably takes time.
The Canadian Pacific Plaza, a 26-story office tower, was sold to CanPac Owner, LLC.
The latest sign in a rebound of office development projects is the new Minneapolis headquarters planned for a local nonprofit.
North Minneapolis, Marshall, White Bear Lake, and Stillwater are among the places where new “taprooms” are either on the horizon or have recently opened.
“If we spend 90 days just thinking about stuff, this will be a failure.”
Opus is the latest to begin work on a new project on a “spec” basis—meaning its new development has no signed leases.
A new study factored in corporate taxes, individual income taxes, sales taxes, unemployment insurance taxes, and property taxes when ranking states.
Minneapolis officials recently announced that it has made changes to an ordinance in an effort to increase the transparency of organizations that provide banking services to the city.
Marco, Inc., plans to add about a dozen jobs over the next year to accommodate its continuing growth.
Although a large group of federal employees in Minnesota may be laid off in the coming weeks, a recent report said Minnesota is the fourth-least affected state by the government shutdown.
Along with Minneapolis, the list featured San Francisco, Madison, and Evanston.
A CenturyLink unit is planning a new Shakopee project; some industry experts consider the Twin Cities to be “underserved” by modern data centers.
Twin Cities at Eagan, an upscale outlet mall that is slated to open next August, added 19 more retailers to its tenant list, which already included Saks Fifth Avenue Off 5th.
The city of Minneapolis reported a 67 percent jump in the amount of money spent on major construction projects during the second quarter.
Value Place, which describes itself as “the largest economy extended stay lodging franchise in the United States,” has chosen the Twin Cities as one of five markets in which to expand its franchise.