Minneapolis Business News - Local Minneapolis News | The Minneapolis / St Paul Business Journal 
Papyrus greeting card stores closing, including two in Twin Cities
The parent company of American Greetings and Carlton Cards has announced plans to close all 254 of its Papyrus card and stationery stores over the next two months. Schurman Retail Group CEO Dominique Schurman told employees in a letter that the company has hired liquidation firm Gordon Brothers to facilitate going-out-of-business sales and that more information would follow, Retail Dive reported. "This decision is heartbreaking for me, personally of course, and also because I know how dedicated…
With the Metropolitan Airports Commission on the path to adopting a $15 minimum wage ordinance, the business owners who operate shops and restaurants at Minneapolis-St. Paul International Airport are asking for help.
MSPBJ announces second round of 2020 40 Under 40 honorees from Medtronic, Alerus, Ryan Cos. and more (Gallery)
The 27th annual 40 Under 40 honorees include executives from med tech, restaurants, law and more. Today is the second of three announcements revealing who this year's award winners are.
Lunda Construction Co. at work on $50M 10th Avenue Bridge rehabilitation
Work is underway on the rehabilitation of an historic Minneapolis bridge over the Mississippi River, a job awarded to Black River Falls, Wis.-based Lunda Construction Co. Lunda won the 10th Avenue Bridge repair project last year after submitting the $50 million low bid. A second bid from Plain, Wis.-based Kraemer North America LLC came in just over $55 million. Lunda is a subsidiary of Tutor Perini Corp. (NYSE: TPC), headquartered in Los Angeles. Lunda is also one half of the joint venture that…
Loring Park apartments at former hospital site sell for $54.6M
Eitel Apartments, a 213-apartment redevelopment of a former hospital building across the street from Loring Park, has sold for $54.6 million.
Private equity firm Goldner Hawn raises $289 million for new fund
Private equity firm Goldner Hawn Johnson & Morrison Inc. has closed out its seventh fund, drawing a total of $289 million from investors. The fund is oversubscribed from a target of $250 million, and the money came from 43 investors according to a filing with the SEC last month. The firm said it is now looking to invest in new companies, as well as make add-on investments. "We are thankful for the support of our returning investors and are excited to welcome a group of new investors," Joe Heinen,…
Delta debuts $800 'CarePod' pet carrier for Minneapolis flights
Delta is ready to expand its newest upper-class travel option — for pets. Delta Air Lines Inc. said Wednesday it's launching a "state-of-the-art pet travel carrier" called the CarePod in seven U.S. cities — Atlanta, Boston, Los Angeles, Minneapolis, New York (JFK and LaGuardia), San Francisco and West Palm Beach. The airline said it'll offer the option in a "phased approach" across Delta’s U.S. network at a later time. The airline in 2018 signed a long-term partnership with CarePod, a Singapore-based…
Target-owned Shipt will make same-day deliveries for Office Depot
Shipt, the delivery business owned by Target Corp., is expanding its partnerships with other big-box retailers. The Birmingham-based provider will be doing same-day delivery from OfficeMax and Office Depot locations in more than 200 markets. “Our vision at Shipt is to deliver the products consumers need so that they can spend their time doing what matters most,” said Kelly Caruso, CEO of Shipt. “With Office Depot, we’re now able to serve more people in more ways – from the local business…
Racetrack, campground near Rochester is up for sale
Owners of Deer Creek Speedway, a dirt track racing venue in Spring Valley, Minn., have put the 62.3-acre site on the market. The Post Bulletin reports on the decision to sell by the Queensland family, who bought the racetrack, located about 11 miles from Rochester, about two decades ago. They've made steady improvements to the site since but say it's time to bow out. The family plans to keep running the track until a buyer is found; racing season is set to begin in April. The listed price for…
Buhl Investors will convert art deco-style TIES building into apartments
The former TIES building, a 1940s-era office complex in Falcon Heights, will be converted into affordable apartments under a plan by Buhl Investors.