Eden Prairie Newswire

Eden Prairie Newswire

Comprehensive Real-Time News Feed for Eden Prairie, MN.

Results 1 - 20 of 23 for "u:finance-commerce.com" in Eden Prairie, MN

  1. Renters Warehouse acquires OwnAmericaRead the original story w/Photo

    Monday Dec 3 | Finance and Commerce

    Renters Warehouse, a property management company in Eden Prairie, has acquired North Carolina-based OwnAmerica, a provider of products and services for owners of single-family rental properties. Kevin Ortner, CEO of Renters Warehouse, said the deal will make Renters Warehouse the largest full-service real estate investment company in the country and allow it to offer more services for big and small investors.

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  2. Hotel returns in United's latest Gateway tower planRead the original story w/Photo

    Friday Nov 9 | Finance and Commerce

    Three months ago, United Properties executives weren't sure a new hotel would be feasible in downtown Minneapolis, where about 1,700 rooms have been built since 2012. Now, the developer is betting the demand will be there for a 280-room five-star hotel within its proposed Gateway tower.

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  3. State announces $87 million for affordable housingRead the original story w/Photo

    Nov 2, 2018 | Finance and Commerce

    Minnesota Housing is investing more than $80 million in projects expected to support 1,700 affordable housing units across the state. The state agency announced Thursday that 55 construction or renovation projects, including 25 for multifamily housing, will receive $87.5 million in deferred loans and other financial assistance.

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  4. J.P. Morgan sells Uptown Walkway at a lossRead the original story w/Photo

    Oct 3, 2018 | Finance and Commerce

    The Walkway, a 92-unit mixed-use luxury building at 1320 W. Lake St., was sold Sept. 26 for $33.6 million in cash to an entity connected to Friedkin Realty Group of San Francisco.

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  5. Life Time Fitness property sells for $23.6 millionRead the original story w/Photo

    Sep 4, 2018 | Finance and Commerce

    That's about $400,000 more than what Gramercy Property Trust paid for the Eden Prairie club three years ago. Enter your user name and password in the fields above to gain access to the subscriber content on this site.

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  6. United Natural Foods to buy Supervalu for $1.26 billionRead the original story w/Photo

    Jul 26, 2018 | Finance and Commerce

    United Natural Foods is buying Supervalu for $1.26 billion, creating a grocery food wholesaler with a diverse customer base. United Natural Foods of Providence, Rhode Island, said Thursday it's paying $32.50 per share in cash, or a premium of 67 percent, for each share of Supervalu Inc. Including the assumption of debt, the deal is valued at nearly $3 billion.

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  7. Met Council asks light-rail contractors to extend bidsRead the original story w/Photo

    Jul 16, 2018 | Finance and Commerce

    The $1.9 billion Southwest Light Rail Transit project has cleared a major hurdle now that a tentative deal has been reached over the co-location of freight and light rail-lines in the Kenilworth Corridor and Bass Lake Spur in Minneapolis, the Metropolitan Council said Monday. The agreement is a big deal in part because it locks up another key piece of land for the planned project, which will extend on a 14.5-mile route between Eden Prairie and downtown Minneapolis.

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  8. Rising Young Professionals of 2018: Tyler AllenRead the original story w/Photo

    Jun 29, 2018 | Finance and Commerce

    Tyler Allen remembers how he first became fixated on real estate. While attending high school in Eden Prairie, he began noticing the built environment of urban life and learned that a whole industry revolved around supporting it.

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  9. Founders Properties hires Chris CourneyaRead the original story w/Photo

    Jun 27, 2018 | Finance and Commerce

    Courneya will focus on acquiring new industrial and office properties to add to Founders Properties ' investment portfolio. He will also provide support on dispositions and joint ventures, according to a press release from the company.

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  10. Southwest light rail project cost rises to $2 billionRead the original story w/Photo

    May 15, 2018 | Finance and Commerce

    The expected cost of the planned Southwest Light Rail Transit line has jumped to just north of $2 billion, a $145 million increase from the previous estimate. Metropolitan Council Chair Alene Tchourumoff on Tuesday blamed the 7.8 percent increase on higher costs associated with freight rail negotiations, environmental analysis, rebidding of the civil construction contract, and higher prices for steel, labor and property acquisition, among other factors.

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  11. Logic PD acquired by St. Louis equity firmRead the original story w/Photo

    May 14, 2018 | Finance and Commerce

    Compass Group Equity Partners has bought Logic PD, which designs, engineers and manufactures electronics components. The seller is Denver-based CHB Capital Partners.

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  12. Eden Prairie considers Hampton Inn planRead the original story w/Photo

    May 9, 2018 | Finance and Commerce

    It was a bit of a squeeze, but TPI Hospitality finally has a plan it likes for a new Hampton Inn in Eden Prairie. The Willmar-based company has been working since 2015 to develop a 1.7-acre lot at 11825 Technology Drive.

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  13. Logic PD to train 135 apprentices with grantRead the original story w/Photo

    May 1, 2018 | Finance and Commerce

    An Eden Prairie manufacturer is the latest company partnering with the state to create an apprenticeship program. The Minnesota Department of Labor and Industry announced Thursday that Logic PD, a contract electronics manufacturer, will receive up to $675,000 through the Minnesota Apprenticeship Initiative.

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  14. 2 suburban rental deals total $64 millionRead the original story w/Photo

    Apr 2, 2018 | Finance and Commerce

    The Paragon Apartment Homes at 10670 Brunswick Road S. in Bloomington received a partial remodel from FPA Multifamily before the company sold it to TE Miller this week. Investors from Florida and Eden Prairie have paid a total of $64 million for aging apartment complexes in Burnsville and Bloomington, giving the sellers what appear to be tidy margins on the transactions.

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  15. Just Sold: Ace Supply pays $3.9M for former Stratasys buildingRead the original story w/Photo

    Mar 28, 2018 | Finance and Commerce

    CEO Bruce Hasselbring of Ace Supply Co. has sold his current site and acquired a new location in Eden Prairie.

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  16. Spotlight on Small Biz: New sensor knows when data centers are overheatingRead the original story w/Photo

    Mar 13, 2018 | Finance and Commerce

    A newly patented, battery-operated sensor from Eden Prairie-based OneNeck IT Solutions is able to produce a thermal map of the interior of a data center cabinet, alerting technicians when servers overheat. Business: Offers cloud and hosting solutions, managed services, enterprise application management, advanced IT services, hardware and local connectivity through data centers in Arizona, Colorado, Iowa, Minnesota, New Jersey, Oregon and Wisconsin OneNeck sees its sensor as a "game-changer" for clients and a competitive advantage for the data center service provider.

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  17. Eden Prairie to see $150M in growth around mallRead the original story w/Photo

    Mar 5, 2018 | Finance and Commerce

    Work is about to begin at the Eden Prairie Center to turn the former Sears store into a massive Scheels store, featuring sporting goods, clothing, a cafe, a 16,000-gallon aquarium, and a 65-foot-high Ferris wheel. Scheels currently leases a 20,000-square-foot store in the shopping center, at 8251 Flying Cloud Drive in Eden Prairie.

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  18. Vikings mum on the future of Winter ParkRead the original story w/Photo

    Feb 27, 2018 | Finance and Commerce

    As the Minnesota Vikings complete their move to a spacious new headquarters campus in Eagan, team officials said Tuesday they are still exploring their options for Winter Park in Eden Prairie, the team's home since 1981. The city of Eden Prairie says it would like to see a full-service hotel on the soon-to-be-vacated 14-acre Winter Park property at 9520 Vikings Drive.

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  19. FPA Multifamily buys big Eden Prairie complexRead the original story w/Photo

    Feb 23, 2018 | Finance and Commerce

    The 375-unit Parkway apartment complex in Eden Prairie has sold for more than $60 million, well above what the sellers paid six years ago. An entity related to Chicago-based FPA Multifamily paid $61.05 million for the 375-unit complex at 13905 Chestnut Drive, according to a certificate of real estate value made public Thursday.

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  20. Future Southwest station areas draw $1B in developmentRead the original story w/Photo

    Feb 15, 2018 | Finance and Commerce

    PLACE, a nonprofit developer, plans to construct a mixed-use, mixed-income transit-oriented redevelopment at this location in the southeast quadrant of Highway 7 and Wooddale Avenue in St. Louis Park. The site is near the future Southwest Light Rail Transit Wooddale Avenue station.

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