News

3 Real Estate Professionals Charged in $4.2M Scheme

Sheri Lynn Delich, My Dinh Lam, and Ashley Elizabeth Prasil allegedly conspired to defraud mortgage lenders in conjunction with the marketing of Cloud 9 Sky Flats development-a Minnetonka condo project of bankrupt St. Paul developer Jerry Trooien.

Fingerhut Parent Bluestem Files to Go Public

The Eden Prairie-based multi-channel retailer would rank among the 50-largest public companies in Minnesota based on its net sales for the fiscal year that ended in January, which totaled $521.3 million.

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CB Richard Ellis Adding 125 Local Accounting Jobs

The company decided earlier this year to consolidate its three client-accounting services offices to two; that decision, combined with organic growth, has led to 125 additional jobs in the firm's Bloomington office.

Deal for State Farm Site in Woodbury on Hold

Media reports indicate that Wellington Management terminated its agreement to purchase the site, due in part to the developer's plan to add a Costco store-which isn't allowed under current zoning laws for the property.

St. Jude Puts Price Tag on Japan Disaster

The company's first-quarter sales were down $5 million due to the earthquake and tsunami in Japan. Despite the unfavorable news, the company remains optimistic about the future of its devices.
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