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Thursday A.M. Report

Capella expands share repurchase plan: Capella Education Co., the parent company of Capella University, announced Thursday it is expanding its share repurchase program. The Minneapolis company’s board has authorized the company to buy back as much as $75 million in company stock. Read full story

Prices drop on Minneapolis home listings: Forty-two percent of the Minneapolis home listings on the market as of Aug. 1 have seen at least one price reduction since going up for sale, according to real estate search company Trulia. That breaks the all-time national record, which also was held by Minneapolis after holding at 40 percent for the past three months. Read full story

Radisson Blu or Sheraton possible brands for MOA hotel: A 501-room hotel planned for the Mall of America will not be branded as a Marriott Renaissance as originally planned. Instead, it will be either a Radisson Blu or Sheraton. It’s a late-inning switch for the project and comes as the hotel developer, M.A. Mortenson Co., gets closer to finalizing a complicated $127 million financing package that will include capital from the hotel brand. Read full story

Southdale owner announces deal with Shopkick: A program allowing retailers to beam coupons and rewards directly to shoppers’ cell phones may be coming to Southdale Center. Simon Property Group Inc., which owns and manages Edina-based Southdale and is the nation’s largest mall operator, announced a strategic partnership with Silicon Valley-based startup Shopkick Inc. to bring the new program to 100 of its 370 nationwide malls in time for the holiday season. Read full story

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