The AMC Theatre in downtown Minneapolis will close September 23; meanwhile, the renovated Uptown Theatre reopens this week, complete with a larger screen, new seats, and a full-service bar.
Real Estate
The nonprofit health insurer has been leasing 401 Carlson Parkway since 2004, and a spokesman said that buying the building will help the company meet its long-term needs and reduce operating costs.
The new Cherrywood Pointe community in Roseville offers assisted living to seniors; United Properties said it hopes to add more assisted-living developments but doesn’t yet have definitive plans.
The Minnesota Housing Partnership also found that about half of Minnesota renters paid more than they could afford for their homes in 2010.
Lennar is adding “home-within-a-home” floor plans to its Minnesota product lineup; the company said it is tapping into a growing trend of multiple generations living together.
Construction of 36 Park, a 192-unit luxury apartment building, is expected to be completed in March.
Wells Fargo’s NeighborhoodLIFT program will offer down payment assistance of up to $15,000 to qualified homebuyers seeking to purchase a home in Minneapolis or St. Paul.
Eric Dayton and Andrew Dayton haven’t revealed specific plans for the new property, for which they paid $825,000.
Local home prices rose 5.7 percent between June 2011 and June 2012; among 20 major metro areas measured, only Phoenix posted a more significant year-over-year gain.
As the avenue transforms into a transit corridor,
Northwest Packaging is staying put
The importance of discussing your estate plans with your heirs.
A radical renovation aims
to put the 66-year-old restaurant on a glide path to 100.
Eden Prairie, Woodbury, Eagan, Lakeville, and Maple Grove are among the best small U.S. cities in which to live, according to an annual ranking by CNN’s Money magazine.
Two other local companies are involved with the Third North project; it was designed by UrbanWorks Architecture, LLC, and developed by Schafer Richardson—both of which are based in Minneapolis.
One Financial Plaza is now called Canadian Pacific Plaza, a change that is part of the building’s lease agreement with its new tenant.
The Houston-based company said that it does not plan to change the mall’s tenant mix or management staff.
Cost Seg Associates, a Minneapolis-based firm devoted exclusively to cost segregation studies, has merged with Eide Bailly.
Chad Anderson and Troy Huston each face up to five years in prison for allegedly brokering fraudulent mortgage loans.