Piper Jaffray announced this week that it has entered into a $485 million merger agreement with Sandler O’Neill and Partners L.P. The merger will not only double revenues for Piper Jaffray’s fixed income business, but it will also give the Minneapolis-based company a new name: Piper Sandler Cos. Piper Jaffray’s purchase of Sandler O’Neill will […]
Kraus-Anderson, a family-owned and managed construction firm based in Minneapolis, is slated to begin construction on a 105-million-dollar luxury apartment building. The project will feature a 16-story building, named the Larking, just across the street from Kraus-Anderson’s new mixed-use headquarters in downtown Minneapolis. While the project originally called for a 6-story building, neighborhood organizers wanted […]
Minnesota, Hawaii, Massachusetts and Nevada are joining nine other states and the District of Columbia in an amended complaint to block a merger between T-Mobile and Sprint. T-Mobile U.S. Inc. and Sprint Corporation are the third and fourth largest mobile wireless networks in the U.S., respectively. T-Mobile announced a $26.5 billion bid for Sprint, which […]
Joel Watrud, owner of Apple Valley Golf Course, has officially put the golf course on the market with the hope that it will be redeveloped into a residential area. Watrud’s attorney announced at a city planning commission meeting this week that the course is struggling, and owners of the course do not want to continue […]
A city owned parking lot in downtown Minneapolis, the lot where the Nicollet Hotel once stood, has finally sold to United Properties for $10.4 million. The project, now called the RBC Gateway Project, is set to break ground on June 18, 2019 and be completed in 2021—30 years after the demolition of the Nicollet Hotel. […]
Last year the Public Utilities Commission, a division of Minnesota’s Department of Commerce,completed its final environmental review of Enbridge Energy’s $2.6 billion-dollar pipeline replacementproject. However, a decision this week from the Minnesota Court of Appeals requires further review ofthe project. The current pipeline was built in the 1960s and runs at only about half of […]
Six hotel properties from Duluth to Grand Marais are changing hands in a large real estate deal that wasannounced this week. The hotels include: East Bay Suites in Grand Marais; the Caribou Highlands inLutsen; Beacon Pointe in Duluth; and three resorts in Two Harbors – Breezy Pointe Cabins, GrandSuperior Lodge, and Larsmont Cottages. The North […]
The Minnesota State College Faculty Union has finally settled with the Minnesota State College System for up to $1.9 million in back pay for faculty members who have not been paid adequately since 2010. The Minnesota State College Faculty Union filed a lawsuit in 2010, arguing that the Minnesota System’s campuses were underpaying members of the faculty […]
Minnesota lawmakers are considering a bill that would erase eviction records in certain circumstances. In particular, the bill would restrict access to eviction records for cases that do not result in an eviction judgment against the tenant and for eviction judgments that are more than three years old. The bill would also automatically expunge a […]
An update to the tax code in 2017 caught the eyes of those looking for tax benefits with just two simple words: “opportunity zone.” Designed to increase investment in economically underrepresented areas throughout the country, this new program is a development tool providing tax incentives to investors and developers. To take advantage of this opportunity, […]