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BMINNEAPOLIS ST. PAUL OURN INFORPAATION
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<br /> OPINION: i �
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<br /> Has the election
<br /> divided MinnesotaY
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<br /> t ReaderSgiVe ",tiv7?7:oi
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<br /> comments on
<br /> BY SCOTT 0.SMITH n'''
<br /> politics, their
<br /> STAFF REPORTER , workplaces and
<br /> t 1, A Chicago firm has a deal to
<br /> '''^ y the IDS Center for about Who • :uck? ' l what to do about it.
<br /> Js n Buck, founder and CEO of
<br /> } 5 million. 44
<br /> - ` John Buck Co. (JBC) J is a prominent real estate devel-
<br /> 1 E`' ; has ed a letter of intent to ,,er and investor in Chicago. JBC,
<br /> 3 iil& purch. • the landmark founded in 1981,manages and leases
<br /> ' '' 4 4 buildin: in downto 10.8 million square feet of office
<br /> ' z R Minneapo: , accordin' o space, controls $2 billion in real
<br /> ..t real estate . ecunve he estate and has developed nearly 30 1
<br /> pending sal w d go million square feet of office,high-rise
<br /> vedar do
<br /> wn as the h -st price residential, hotel, retail and enter- will
<br /> -,4,
<br /> aid for an o` • Building tamment projects.
<br /> :a'A , = p r *,� 'v in the isto of Theyre certainly big enough andg Minneso capable enough to do the deal,"saidconsolidate
<br /> which man.,-s Thomas Crowle ,executive vice pres-
<br /> �" � `� the -floor, 1.2 millio ident at Chicago-based Heitman,X' fa „ 4 ■
<br /> rin Blin1
<br /> »» se : e-foot office build- whose office is in the IDS Center.
<br /> . Toft 1; ' g on behalf of an AT&T- JBC has been an exclusively
<br /> k 31'x' related pension fund, cago-area shop until recently.
<br /> '-'�;- ti
<br /> , �' offered the building for Wi I. the past few years,it expand
<br /> * : x sale in July. ed o ide of the Chicago area with BY SAM BLACK
<br /> r ' ' T t Representatives. from the pur••ase of an office building in STAFF REPORTER
<br /> * `�: IBC and RREEF did not Washingt►l, D.C., and a 196-unit Aveda Corp. will consolidate its
<br /> -, , return phone calls seek- apartment i ding in New York. operations in Blaine when it opens a
<br /> --_,I,....-,„- 'f� ing comment. The In 2000,Bu . aunched his first real new high-tech distribution center on
<br /> ` building also includes estate develop • t and acquisition a portion of a site once slated for a
<br /> f r 4 166,000 square fund. JBC now h. two funds that new Minnesota Vikings stadium.
<br /> * 0 _;x feet of retail raised a total of $ : million from Minneapolis-based CSM Corp.will
<br /> ' ' ,," .�, space. The 282- high-net-worth indivi. als and insti- construct the 126,000-square-foot
<br /> .„ room Marquette tutions. building to the specification`—"sof
<br /> � � a �'�� �� Hotel was not Real estate sources sal. 't is diffi- Aveda, a division of New York-based
<br /> .t'''.1
<br /> � , E included in the cult to speculate. how ck will The Estee Lauder Cos.Inc.,which will
<br /> `, sale ID •AGE 46 lease the ng y
<br /> The builbuildiding is
<br /> for at the15ears.northwest
<br /> -; ' The 1.2 million-square-foot IDS Center was quadrant of Lexington Avenue and
<br /> r ut up for sale in July. Interstate 35W, in a development
<br /> ` , _ ,!: i p AVEaA i PAGE 38
<br /> ° . . " state
<br /> rplans s . tole s sial
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<br /> ��
<br /> . , ,
<br /> i I
<br /> n to win the hearts and Services plan ts a joi
<br /> iesota legislators who posal •spital there by the end 1 „
<br /> which health care • e year.
<br /> a�i �Y , '
<br /> build a hos•' - But only one will likely get built, x "�' p ,= �,
<br /> and health care officials expect a1 •t z. �` „ �
<br /> l I �' E fb
<br /> In the past week, showdown during the upcoming leg- - ° ,t rs.Bl . �o me = l fit•'
<br /> I nrnt-rh NMemnrial illative session will decide who . � -z .r"." _, _._r ro,� =. .a. '1 �3 �, - _ �i�
<br />
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