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Monday A.M. Report

McKnight approves $30 million in grants; Report: Grand Hotel Minneapolis to be sold for $36 million; and Boston Scientific: Defibrillators help women more

McKnight approves $30M in grants: The McKnight Foundation awarded 117 grants totaling $30 million in its second-quarter. About half of the money, $15 million, was awarded to The Energy Foundation, based in San Francisco, “for continued support of the Upper Midwest Clean Energy Initiative and support for core programs.” Read full story

Report: Grand Hotel Minneapolis to be sold for $36 million: The Grand Hotel in downtown Minneapolis has gone back to its lender and, according to a published report, may be under contract to be sold to a Maryland-based real estate investment trust. On June 7, Pebblebrook Hotel Trust, a REIT based in Bethesda, Md., announced in a press release that it has a contract to buy a hotel in the Minneapolis/St. Paul area, acquiring it for $36 million from an affiliate of the secured lender on the property. Read full story

Boston Scientific: Defibrillators help women more: Women benefit more than men, by a 2-1 ratio, from use of defibrillators, according to a presentation from the company at a recent cardiology conference. Natick, Mass.-based Boston Scientific Corp., which has a offices in Maple Grove and Arden Hills, announced results from an analysis of the MADIT-CRT trial, according to a story published by Mass High Tech, a sister paper to the Business Journal. Read full story