Kelly Busche

Former senior reporter & broadcaster with @MSPBJnews | MN Newspaper Association’s New Journalist recipient, 2020 | opinions = mine

[Kelly Busche @KellyBusche]

NEW: @MSPBJnews spent months analyzing downtown Minneapolis office space post-pandemic.

Bottom line? The need for less space is hurting building valuations & finances. This means buildings will produce less property tax revenue the city depends upon.🧵1/9
https://t.co/qDYBIoUgkT

[Kelly Busche @KellyBusche]

@e_m_i_l_y_emma 🫡

[Kelly Busche @KellyBusche]

Wells Fargo is selling its Minneapolis Home Mortgage office campus as it scales back its local real estate holdings. The bank is consolidating local office employees to three locations: two in downtown Mpls & one in Shoreview.
Reporting w/ @keithsch94
https://t.co/ZP8AktCPEf

[Kelly Busche @KellyBusche]

The IDS Center's owner is facing a May 1 deadline to repay a more than $154 million mortgage balance on the iconic downtown Minneapolis office tower, according to financial filings.
https://t.co/Xy4ugxO3hz

[Kelly Busche @KellyBusche]

EXCLUSIVE: UnitedHealth Group Inc.’s (NYSE: UNH) headquarters building in Minnetonka is on the market, either for sale or lease.

In a statement, UnitedHealth said, "Minnesota remains our home."
https://t.co/pSGH81ttYU

[Kelly Busche @KellyBusche]

EXCLUSIVE: UnitedHealth Group Inc.’s (NYSE: UNH) headquarters building in Minnetonka is on the market, either for sale or lease.

In a statement, UnitedHealth said, "Minnesota remains our home."
https://t.co/pSGH81ttYU

[Kelly Busche @KellyBusche]

Across the street from Macy's, Orion Investments is planning a new upscale hotel with ~150 rooms,
destination restaurant & rooftop bar. (2/2)
https://t.co/yz6u78uuIK

[Kelly Busche @KellyBusche]

Two major Edina stories for you: Enclave Cos. wants to tear down the Macy's Furniture store and construct two office buildings & two apartment buildings on the site. (1/2)
https://t.co/G2JWPBc9gu

[Kelly Busche @KellyBusche]

The new owner is Wells Fargo Bank, which placed the only bid on the downtown Minneapolis hotel during today's auction.
https://t.co/oG9QeXbJhN

[Minneapolis/St.Paul Business Journal @MSPBJnews]

The historic Minneapolis venue will begin welcoming guests to live shows in May. https://t.co/RVg4xjB5Lk

[Dirk DeYoung @mspbjeditor]

Big scoop from @KellyBusche on the difficult financial state of St. Cloud's biggest shopping mall.

[Brianna Kelly @briannarkelly]

I visited multiple downtown Caribou Coffee locations today and talked to employees about planned closures. Some told me they were informed a few days ago that the shops where they work will close in March.
https://t.co/Pe7XVXoV62

[Kelly Busche @KellyBusche]

My dispatch from the Minneapolis Downtown Council's annual meeting: Downtown's population grew by 1% last year – a lower rate of growth than seen in previous years. Still, optimism abounds with rising office activity & new construction permits.
https://t.co/TroFNUWL7G

[Mark Reilly @mspbjReilly]

In December, @briannarkelly and @KellyBusche asked, "What's up with all the half-built Amazon Fresh stores?"

https://t.co/izqL3QYZlf

Amazon didn't comment about the apparent holdup then, but now they have via @MSPBJnews

[Brianna Kelly @briannarkelly]

Two of the longest-standing retailers in downtown Minneapolis see safety and foot traffic, which impact sales, as the biggest issues facing stores. https://t.co/ImdwpV9AQQ

[Kelly Busche @KellyBusche]

Today's scheduled foreclosure auction of the Hilton Minneapolis was postponed, which, according to a source, is a common occurrence with sheriff's sales
https://t.co/bbmuGnxpud

[Kelly Busche @KellyBusche]

Exclusive: Thomson Reuters has decided to market a sizable portion of its 263-acre Eagan office campus for sale and is now on the hunt for a new office in the Twin Cities.
https://t.co/7FTqXUwKYi

[Minneapolis/St.Paul Business Journal @MSPBJnews]

Parking meter activity downtown has not quite rebounded from the pandemic, but some neighborhoods are much farther to recovery than others. https://t.co/GuH4jpXHx9

[Kelly Busche @KellyBusche]

.@briannarkelly & I followed up on the Twin Cities' seven potential Amazon Fresh stores, finding that city officials are in the dark about their status and projected opening dates.
https://t.co/eERRwCOQVX

[Kelly Busche @KellyBusche]

Piper Sandler & Co., which at one point was thought to be leaving downtown, just signed a 113k SF lease for the new North Loop Green that's going up next to Target Field
https://t.co/Gp2jl1TTTV

[Kelly Busche @KellyBusche]

Redevelopment may finally happen for several vacant Sears stores in the metro, including the St. Paul store (next to the Capitol) & those at Maplewood Mall and Burnsville Center
https://t.co/58jHlZFgJa