Brookfield to pay off $29M Gaviidae/RBC Plaza loan with city of Minneapolis: In the next week, Brookfield Properties Corp. is expected to pay off a $29 million note it has with the city of Minneapolis on the property that includes Gaviidae Common II and the RBC Plaza. The property, at 60 S. Sixth St. in Minneapolis, includes the Neiman Marcus store along Nicollet Mall. Brookfield’s payment includes the original $15 million plus interest and deferred rent totaling $29,416,225. Read full story
Joe Mauer signs as spokesman for Anytime Fitness: Anytime Fitness said today that it landed Minnesota Twins all-star catcher and American League MVP Joe Mauer as a spokesman. Mauer will soon appear in television commercials and other advertisements for Hastings-based Anytime, a rapidly growing health club chain with nearly 1,300 clubs around the world. Financial terms of the deal were not disclosed. Read full story
Piper Jaffray paying $218M for Advisory Research firm: Piper Jaffray Cos. said today that it will pay $218 million to acquire a Chicago-based asset management firm, Advisory Research, in a move that greatly expands Piper’s business in that area. Read full story
IDS Center owner Inland American Real Estate Trust refinances mortgage: The owner of the IDS Center, one of Minneapolis’ tallest buildings, said today that it has addressed a host of debt issues, including a refinancing of IDS’ mortgage. Inland American Real Estate Trust secured a $125 million loan for IDS. Read full story
U’s tech-licensing revenue inching up: Facing the expiration of one of its biggest royalty cash cows, the University of Minnesota has scrambled in recent years to jump-start its program for licensing new technologies. The efforts appear to be paying off. For fiscal 2009, the school’s licensing revenue totaled $95.2 million, up about 10 percent from 2008 and roughly 32 percent, compared with 2006. Read full story
