The Opus Group sold the Minneapolis development to Chicago-based Harrison Street Real Estate Capital, which bills itself as the nation’s third-largest owner of student housing projects.
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According to a report by Advertising Age, Michael Francis will become Gap’s first creative adviser, and he’ll spend two weeks each month in the company’s offices.
The bakery is continuing its reign of excellence after being crowned one of Departures magazine's top 10 global bakeries.
Jeffrey Ettinger, who became CEO of Hormel in 2005, was one of four winners of the award, which recognizes chief executives who “visibly exceed standards in the areas of employee relations, environmental impact, human rights, philanthropy, and corporate responsibility practices.”
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.
The University of Minnesota Medical Center reportedly risks termination from Medicare and Medicaid, but a state official says there’s still time for the hospital to correct its deficiencies—and Fairview claims to have made changes that address concerns.
The project received the largest portion of $47.5 million in capital grants just awarded by the state; among other high-profile projects, the Metropolitan Council received just $2 million of the $14 million it requested for the proposed Southwest Corridor light-rail line.
Twin Cities Public Television has already raised $20 million and is using the money to launch a wide array of digital services in addition to its television channels.
In U.S. News & World Report’s 2013 rankings, many Minnesota colleges made appearances in categories including “best national universities,” “best national liberal arts colleges,” and “great schools, great prices.”
The developer of the winning app will take home $5,000 in cash and receive $20,000 worth of mobile development services from Minneapolis-based MentorMate.
The state assigned scores to 37 projects vying for a portion of the funds, and Governor Mark Dayton is expected to make a final determination about the winners later this week.
Geringhoff chose a St. Cloud site over more than 40 other prospective locations across North America because of the quality of the local work force, support from regional government agencies, and proximity to raw material suppliers.
Preventice’s BodyGuardian Remote Monitoring System allows doctors to monitor patients’ heart rates via wireless technology, and the company plans to make the product commercially available by the end of this year.
Vadnais Heights-based H.B. Fuller said that the acquisition will help it to better serve the growing electronics market.
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.
Republic Bank & Trust Company has acquired First Commercial Bank in Bloomington, and its chief executive said that the bank plans to grow its presence in the Twin Cities.
U.S. Bank and the Metropolitan Economic Development Association have launched a series of quarterly events offering business consulting to minority entrepreneurs in the Twin Cities.
The company, founded by a former Best Buy executive, developed a mobile application platform that allows people to receive updates about their loved ones in real time from daycare providers, hospitals, and care facilities.