Staff Directory 101685423

Nicole Norfleet

Reporter | Commercial real estate
phone: 612-673-4495
Nicole Norfleet currently covers commercial real estate along with professional services including the Twin Cities' thriving marketing, accounting, and legal communities. She is also a general assignment business reporter. She joined the Star Tribune's business team in the winter of 2015 after working as the St. Paul public safety reporter and holding various other metro assignments at the paper.
Recent content from Nicole Norfleet
Twin Cities housing market expected to tighten more in 2017

Twin Cities housing market expected to tighten more in 2017

St. Thomas real estate experts forecast 5 percent jump in median home prices.
Vacancies tight in Twin Cities industrial buildings

Vacancies tight in Twin Cities industrial buildings

The vacancy rate for industrial buildings in the Twin Cities dropped last year to 6.9 percent, the lowest it has been in more than a…
AC Hotel set to open next month near Mall of America

AC Hotel set to open next month near Mall of America

The 148-room hotel will be just east of the megamall.
A sign of the times: St. Paul sign painter keeps craft alive

A sign of the times: St. Paul sign painter keeps craft alive

A young St. Paul craftsman keeps alive the family tradition of sign painting (yes, such a job still exists).
Amazon takes office space in T3 building in North Loop

Amazon takes office space in T3 building in North Loop

All-wood structure near Target Field has superior internet connectivity.

Mortenson selects design team for Destination Medical Center's Discovery Square in Rochester

M.A. Mortenson Co. selected the design team that will work on the first phase of development of Destination Medical Center’s Discovery Square in downtown Rochester.…

Cub-anchored shopping centers sold for nearly $53 million

Three shopping centers that are anchored by Cub Foods grocery stores have recently been sold in the Twin Cities. Florida-based Sterling Organization said last week…
Water Park of America to close by end of January, reopen in November

Water Park of America to close by end of January, reopen in November

Great Wolf Resorts Inc. is buying the water park and connected hotel and plans to rebrand the complex as a Great Wolf Lodge.
Macy's developer to keep the skyways open

Macy's developer to keep the skyways open

601W Cos. might start renovations in February.
Minneapolis topped $1 billion in construction permits last year

Minneapolis topped $1 billion in construction permits last year

It's the fifth consecutive year city exceeded mark and the best tally since 2014's stadium-inflated total.
Macy's site rehab can prove challenge for developer and city

Macy's site rehab can prove challenge for developer and city

The departure of a giant department store creates a chance to update and modernize a city center. But it also creates risks, and even danger, as a large empty building goes untended.
Lack of diversity drives professionals of color out of Twin Cities

Lack of diversity drives professionals of color out of Twin Cities

A new survey showing weakness among Twin Cities employers in keeping professionals of color also suggests solutions.

Mortenson Development seeks more time for Guthrie Liner Parcel

Another developer has asked for more time to secure financing for a downtown Minneapolis project. Mortenson Development requested a six-month extension for its mixed-use project…
Buyer of Macy's Minneapolis store has history of sweeping up skyscrapers

Buyer of Macy's Minneapolis store has history of sweeping up skyscrapers

Firm 601W Cos. buys large city properties, renovates them and sells.
Minneapolis agency Haworth wins Wal-Mart media account

Minneapolis agency Haworth wins Wal-Mart media account

Mpls. takes on giant account after losing Target advertising business.
Investors buy the Commons Hotel at the U, add to chain of hotels near big schools

Investors buy the Commons Hotel at the U, add to chain of hotels near big schools

304-room building will get a college-themed decor.
United Properties seeks more time to raise money for tower on Nicollet Hotel Block

United Properties seeks more time to raise money for tower on Nicollet Hotel Block

"We remain confident that, given time, we will secure the necessary financial partners to develop this signature project for downtown Minneapolis," United spokeswoman Sheila Thelemann said.
Prime Therapeutics to stay in Eagan

Prime Therapeutics to stay in Eagan

The company is expected to consolidate some offices.
Bader Developer buys the Calhoun Apartment tower in Minneapolis

Bader Developer buys the Calhoun Apartment tower in Minneapolis

The Calhoun Towers apartment building in Minneapolis has changed hands. St. Louis Park-based Bader Development purchased the 21-story apartment tower located west of Lake Calhoun…
Great Wolf close to buying, renaming Water Park of America

Great Wolf close to buying, renaming Water Park of America

Company plans to take over, rebrand the Water Park of America and Radisson Hotel
Depot plans to grow event space in train shed

Depot plans to grow event space in train shed

A portion of the train shed that has been used for parking in downtown Minneapolis will be enclosed.
Wolves' Tyus Jones building his personal brand

Wolves' Tyus Jones building his personal brand

Morsekode is helping the NBA player and hometown kid to build long-term success as he starts his basketball career.
No bids for private riverfront site north of downtown Minneapolis

No bids for private riverfront site north of downtown Minneapolis

Park Board will reconsider strategy after developers fail to respond to request for proposals on Sherer Lumber site
Old Midway Stadium site opens as business center and industrial space

Old Midway Stadium site opens as business center and industrial space

Business center erected on the land of the old St. Paul Saints stadium.
Gophers' boycott would barely register in U's big-money athletic budget

Gophers' boycott would barely register in U's big-money athletic budget

While a bonus to the U, it is a relatively small one for an athletic program with an annual budget exceeding $70 million that chronically runs a deficit of several million dollars.
Former St. Paul Lunds & Byerlys finds new life as Ha Tien Supermarket

Former St. Paul Lunds & Byerlys finds new life as Ha Tien Supermarket

The East Side store appears to be one of the largest Asian markets in the Twin Cities, drawing shoppers near and far via Interstate 94.
Obituary: Charles "Chuck" Blixt helped establish the home inspection industry

Obituary: Charles "Chuck" Blixt helped establish the home inspection industry

Charles “Chuck” Blixt liked to uncover the story behind a house. Blixt was a pioneer in the home inspection industry and helped start the National…
Group critical of corporate giveaways ranks Amazon's tax breaks, including one in Shakopee

Group critical of corporate giveaways ranks Amazon's tax breaks, including one in Shakopee

The advocacy group says government should stop assisting the retail giant.
Oxman Luggage sold to make way for Holiday

Oxman Luggage sold to make way for Holiday

Oxman’s Twin City Luggage in northeast Minneapolis was sold earlier this month for $925,000 to make way for an expanded Holiday gas station and White…
United Properties is moving its headquarters to downtown Minneapolis

United Properties is moving its headquarters to downtown Minneapolis

The move from a Bloomington complex signifies how far the company has come in the past few years as it has diversified its business from its concentration on suburban office park development.
Restaurateur has renovation proposal for historic North Loop building

Restaurateur has renovation proposal for historic North Loop building

One of the oldest buildings in the North Loop's historic district could become a mixed-use office and possible restaurant space after years of disrepair.
Guaranty, nonprofit team up to serve those without accounts

Guaranty, nonprofit team up to serve those without accounts

The bank and Prepare + Prosper will launch a program that includes checking, savings plans and loans to help build credit.
Ad magazine dubs Mpls. agency a great place to work, though it has no office

Ad magazine dubs Mpls. agency a great place to work, though it has no office

About one-third of the company's 34 workers are in the Twin Cities.

More small and midsized businesses turn to accountants to act as finance executives

Accounting firms find niche in outsourcing role.
North Loop warehouse now remodeled into boutique hotel

North Loop warehouse now remodeled into boutique hotel

Chicago investment group unveils Nordic-inspired, 124-room Hewing Hotel.
Renovation plans revealed for old TCF Bank building in downtown Mpls.

Renovation plans revealed for old TCF Bank building in downtown Mpls.

It’s not going to tower over the Foshay. It’s not going to be the site of yet another downtown Minneapolis hotel, either. While grand plans…
City Center skyscraper in downtown Mpls. sells for a record $315M

City Center skyscraper in downtown Mpls. sells for a record $315M

The Minneapolis skyscraper nearly sold for $280M last year before Target's sizable layoffs.
Minneapolis ad firm Mono creates a 'term-limit' option for its services

Minneapolis ad firm Mono creates a 'term-limit' option for its services

The ad agency's one-year partnership aims to make a campaign's transition much simpler.
Twin Cities law firms rethink the corner office

Twin Cities law firms rethink the corner office

Lindquist & Vennum is one of several firms moving to more open, equal spaces
Kraus-Anderson unveils the Elliot, the hotel portion of its downtown Minneapolis project

Kraus-Anderson unveils the Elliot, the hotel portion of its downtown Minneapolis project

The hotel will become part of Marriott's Autograph line.
Historic Van Dusen Mansion in Minneapolis, now an event center, sold for $3M

Historic Van Dusen Mansion in Minneapolis, now an event center, sold for $3M

Two Twin Cities event spaces have been wed after the sale of the historic Van Dusen Mansion in Minneapolis to the owner of the A’Bulae…
Mpls. admakers help BMW revive ground-breaking film series with Clive Owen

Mpls. admakers help BMW revive ground-breaking film series with Clive Owen

Creative team that made carmaker's first viral sensation has a new brainchild
Office occupancy continues to grow in St. Paul

Office occupancy continues to grow in St. Paul

Multitenant office space continues to fill up in downtown St. Paul as retail and residential development grows, according to a new report. The occupancy rate…
Spong PR agency becomes Carmichael Lynch Relate

Spong PR agency becomes Carmichael Lynch Relate

Change comes months after the departure of founder Doug Spong.
With modern European touches, AC Hotel opens in downtown Minneapolis

With modern European touches, AC Hotel opens in downtown Minneapolis

From the soft lobby chairs to the “white leather musk” scent that is pumped in the hallways, the new AC Hotel Minneapolis Downtown tries to…
Butcher & the Boar building sells for $6M in cash, 4 times its 2011 purchase price

Butcher & the Boar building sells for $6M in cash, 4 times its 2011 purchase price

The Minneapolis building of the popular Butcher & the Boar restaurant sold this month for $6 million, considerably more than it went for five years…

Running Aces Casino and Racetrack plans to add 74-room hotel

Owner hopes addition of 74 rooms will make it more of a destination in north metro.
Mpls. branding firm uses its version of 'Shark Tank' for first incubator pick

Mpls. branding firm uses its version of 'Shark Tank' for first incubator pick

Duffy's new program wants to help start-ups in exchange for a stake, and 26 Letters is the first company to be selected.
Packers' Jared Cook gets disturbing surprise at Buffalo Wild Wings

Packers' Jared Cook gets disturbing surprise at Buffalo Wild Wings

The tight end posted a photo to Twitter appearing to show a fried and seasoned chicken head that he says he found among his order of wings.
Radisson Red designed for young adults to debut near U.S. Bank Stadium

Radisson Red designed for young adults to debut near U.S. Bank Stadium

Minneapolis' Radisson Red is the first of the hotel's line for young adults
West Elm eyes North Loop of Minneapolis for possible hotel

West Elm eyes North Loop of Minneapolis for possible hotel

Last week, the furniture retailer announced it would open a collection of hotels in partnership with hospitality management company DDK.
Thresher Square hotel will become Midwest's first Canopy by Hilton

Thresher Square hotel will become Midwest's first Canopy by Hilton

Plans call for Canopy concept at Thresher complex in Minneapolis.
Developers eye more parking for new North Loop office tower

Developers eye more parking for new North Loop office tower

A 10-story building could have half of its above-ground space for cars.
Sept. 2: General Mills pressures ad agencies to hire more women, minorities, in creative positions

Sept. 2: General Mills pressures ad agencies to hire more women, minorities, in creative positions

Firm wants ad agency hires to reflect target markets.
Minneapolis Regional Chamber of Commerce selects Weinhagen as new CEO

Minneapolis Regional Chamber of Commerce selects Weinhagen as new CEO

The vice president of the St. Paul chamber will start in his new role Oct. 10.
Downtown Minneapolis and St. Paul to get 1,000 new hotel rooms this fall

Downtown Minneapolis and St. Paul to get 1,000 new hotel rooms this fall

Three days before the new Embassy Suites in downtown Minneapolis was slated to open, a brass chandelier hung in a jumble from the ceiling and…
Hy-Vee looks to add an Eden Prairie convenience store

Hy-Vee looks to add an Eden Prairie convenience store

Hy-Vee plans to open a super convenience store in Eden Prairie, an apparent first in the market for the Iowa grocer that is rapidly expanding…

Mortenson selected for Destination Medical Center's Discovery Square

M.A. Mortenson Co. has been chosen as the developer for the research campus of Mayo Clinic’s Destination Medical Center, often called the DMC, in downtown…
Changes at the top for company that built U.S. Bank Stadium

Changes at the top for company that built U.S. Bank Stadium

CEO Tom Gunkel ends 34 years at M.A. Mortenson, succeeded by firm veteran Dan Johnson.
Minneapolis creative agency Bolster starts new company to eliminate 'preachy' part of ads

Minneapolis creative agency Bolster starts new company to eliminate 'preachy' part of ads

A Minneapolis agency created a production studio to tell stories with short films instead of commercials
Ameriprise office building in Minneapolis sells for $200M

Ameriprise office building in Minneapolis sells for $200M

The sale of the 31-story office building in downtown Minneapolis is the largest such transaction in Minnesota this year.
With no takers, funeral home offered for free will be torn down for condo

With no takers, funeral home offered for free will be torn down for condo

It’s hard to give away a building when the new owner has to move it. Representatives from Alatus, the developer planning to build a 40-story…
Viewpoint: Bridging the gap between design research and practice

Viewpoint: Bridging the gap between design research and practice

Kelly Munson views herself as a problem solver more than a designer. As one of the creatives at a Minneapolis advertising agency called mono, Munson…
Hundreds get last look at St. Paul Woolworth store before it becomes offices

Hundreds get last look at St. Paul Woolworth store before it becomes offices

The store closed in 1994 and the space on the corner of Minnesota Street and 7th Place E. has been vacant since. Its revival is the latest in downtown St. Paul's makeover.
Minneapolis surpasses $1 billion in building permits — again, but faster

Minneapolis surpasses $1 billion in building permits — again, but faster

It's the fifth straight year Minneapolis passed the $1 billion level in construction permits.

Colle+McVoy launches new Minneapolis design firm

Minneapolis advertising agency Colle+McVoy has spun out a new stand-alone design firm called 10 Thousand Design. Ed Bennett, founder and executive design director of 10 Thousand Design, said it wants to pursue national clients and work on larger-scale assignments that had been difficult to attract as part of an ad agency.
Minnesota attorney general sues Jamaican company for 'phantom' debt calls

Minnesota attorney general sues Jamaican company for 'phantom' debt calls

Company made up debts and then bullied people with phone calls, state says.
Fallon moves on after co-founder's death, but Mpls. ad agency can't quite let go

Fallon moves on after co-founder's death, but Mpls. ad agency can't quite let go

The Minneapolis advertising agency is celebrating its 35th anniversary but also still mourning Pat Fallon, who died in November at age 70.
Minneapolis staff recommends Sherman proposal for Mill District site

Minneapolis staff recommends Sherman proposal for Mill District site

There's now a plan for the last piece of vacant land along Washington Avenue.
New owner of France Av. office park in Edina plans $100 million overhaul

New owner of France Av. office park in Edina plans $100 million overhaul

In the 60 years since Southdale Center was built on Edina farmland, becoming the nation’s first indoor mall, more shopping projects were built on its…
Capella Education to stay in namesake tower in downtown Minneapolis

Capella Education to stay in namesake tower in downtown Minneapolis

The for-profit education firm will reduce its space by about 17 percent.
Fifth Street Towers in downtown Mpls. begin overhaul costing millions

Fifth Street Towers in downtown Mpls. begin overhaul costing millions

The almost-twin tower complex in downtown Minneapolis is about to embark on a multimillion-dollar renovation, its largest makeover, in hopes of attracting new tenants and shedding a look that screams 1980s.
Construction activity levels off in Twin Cities

Construction activity levels off in Twin Cities

A quarterly Construction Cost Index report released this week by Mortenson Construction shows that construction costs have grown at a normal rate while construction employment numbers have stalled.
Vikings select architect and construction company for Eagan headquarters

Vikings select architect and construction company for Eagan headquarters

The Minnesota Vikings selected Crawford Architects and Kraus-Anderson Construction Co. to design and build their new headquarters and practice facility in Eagan. Work began earlier…

Former Rainbow site in south Minneapolis to be redeveloped

Longfellow center is likely to get a new tenant mix.
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