Kelly Busche

NEW: @MSPBJnews spent months analyzing downtown Minneapolis office space post-pandemic. Bottom line? The need for less space is hurting building valuations & finances. This means buildings will produce less property tax revenue the city depends upon.🧵1/9 bizjournals.com/twincities/new…

@e_m_i_l_y_emma 🫡

Wells Fargo is selling its Minneapolis Home Mortgage office campus as it scales back its local real estate holdings. The bank is consolidating local office employees to three locations: two in downtown Mpls & one in Shoreview. Reporting w/ @keithsch94 bizjournals.com/twincities/new…

The IDS Center's owner is facing a May 1 deadline to repay a more than $154 million mortgage balance on the iconic downtown Minneapolis office tower, according to financial filings. bizjournals.com/twincities/new…

EXCLUSIVE: UnitedHealth Group Inc.’s (NYSE: UNH) headquarters building in Minnetonka is on the market, either for sale or lease. In a statement, UnitedHealth said, "Minnesota remains our home." bizjournals.com/twincities/new…

Across the street from Macy's, Orion Investments is planning a new upscale hotel with ~150 rooms, destination restaurant & rooftop bar. (2/2) bizjournals.com/twincities/new…

Two major Edina stories for you: Enclave Cos. wants to tear down the Macy's Furniture store and construct two office buildings & two apartment buildings on the site. (1/2) bizjournals.com/twincities/new…

The new owner is Wells Fargo Bank, which placed the only bid on the downtown Minneapolis hotel during today's auction. bizjournals.com/twincities/new…

The historic Minneapolis venue will begin welcoming guests to live shows in May. bizjournals.com/twincities/new…

Big scoop from @KellyBusche on the difficult financial state of St. Cloud's biggest shopping mall.

I visited multiple downtown Caribou Coffee locations today and talked to employees about planned closures. Some told me they were informed a few days ago that the shops where they work will close in March. bizjournals.com/twincities/new…

My dispatch from the Minneapolis Downtown Council's annual meeting: Downtown's population grew by 1% last year – a lower rate of growth than seen in previous years. Still, optimism abounds with rising office activity & new construction permits. bizjournals.com/twincities/new…

In December, @briannarkelly and @KellyBusche asked, "What's up with all the half-built Amazon Fresh stores?" bizjournals.com/twincities/new… Amazon didn't comment about the apparent holdup then, but now they have via @MSPBJnews

Two of the longest-standing retailers in downtown Minneapolis see safety and foot traffic, which impact sales, as the biggest issues facing stores. bizjournals.com/twincities/new…

Today's scheduled foreclosure auction of the Hilton Minneapolis was postponed, which, according to a source, is a common occurrence with sheriff's sales bizjournals.com/twincities/new…

Exclusive: Thomson Reuters has decided to market a sizable portion of its 263-acre Eagan office campus for sale and is now on the hunt for a new office in the Twin Cities. bizjournals.com/twincities/new…

Parking meter activity downtown has not quite rebounded from the pandemic, but some neighborhoods are much farther to recovery than others. bizjournals.com/twincities/new…

.@briannarkelly & I followed up on the Twin Cities' seven potential Amazon Fresh stores, finding that city officials are in the dark about their status and projected opening dates. bizjournals.com/twincities/new…

Piper Sandler & Co., which at one point was thought to be leaving downtown, just signed a 113k SF lease for the new North Loop Green that's going up next to Target Field bizjournals.com/twincities/new…

Redevelopment may finally happen for several vacant Sears stores in the metro, including the St. Paul store (next to the Capitol) & those at Maplewood Mall and Burnsville Center bizjournals.com/twincities/new…