Agenda - Council - 04/14/1981 - Laserfiche WebLink

Home

MEMBER TO MEMBER TOWLE ANNOUNCES PROMOTION The Towle Company is pleased to announce the promotion of Jerry D. Buechler from assistant vice president to vice president of The ToMe Company. Buechler, who is also the manager of Towle's Real Estate Finance Department, administers the department as well as structuring financing proposals. Before joining The Towle Company in 1977, he spent six years working in the mortgage-related field of accounting, management reporting and commercial loan production. FINANCING ARRANGEMENTS COMPLETED Rothschild Financial Corporation is pleased to announce it has arranged the financing on the following projects: a ~v4,400 square foot light industrial building on State High- ay 101 in Shakopee; a 20,160 square foot multi.tenant office building in Columbia Heights; and a 57,788 square foot industrial building for Thomas Engineering in North- land Industrial Park in Brooklyn Park. The North Central Distributing Company building in Shakopee was originally placed by Rothschild Financial on a standby basis. Perma- nent financing was arranged by Rothschild Financial in the amount of $1,100,000. North Central Distributing will occupy two-thirds of the structure. NAIOP member Don Woodward & Associates is representing the owner as leas- ing agent for the remainder of the space. NORTHLAND MORTGAGE ANNOUNCES PROMOTION Northland Mortgage Company is pleased to announce the promotion of Stanford Baratz to assistant vice president. ~.i. talan Baratz joined Northland Mortgage Company's commer- staff in April of 1978 with responsibility for originating, underwriting and placing commercial mortgages with insti- tutional investors. He is a graduate of the American Uni- versity in Washington, D.C. with a B.A. in Political Science. He also has a Masters degree in Business Administration, specializing in finance, from the University of Minnesota. MINNESOTA MULTI HOUSING PLANS CREATIVE FINANCING SEMINAR Financing Strategies for the 1980's - come to the Minnesota Multi Housing Association Tabletop Display on Tuesday, May 26 at the Leamington Hotel in Minneapolis and hear Norman Flynn, renowned U.S. speaker on creative financing. Mr. Flynn will speak at 8:00 a.m. on creative financing for income producing properties and strategies for the 1980's. He will cover real estate returns, ownership entities, leverag- ing, financing, evaluating your investment, minimizing the risks, purchasing, selling, management and taxes. The table- top display will be from 4:30 p.m. to 10:00 p.m., showing products and services for remodeling and new construction of multi-housing units. Dinner will be at 8:00 p.m. For more information or reservations call 927-8602. The Minnesota Multi Housing Association is an organization representing about 85% of the larger owners, builders, in- vestors and managers of multi-family housing in the state of Minnesota. BENSON-ORTH COMPLETES CONSTRUCTION Benson-Orth Associates recently completed construction of a I04,000 square foot office-warehouse for the Goodin Plumbing Company on North Second Street in North Wash- ington Industrial Park in Minneapolis and is currently de- veloping a 50,000 square foot office-warehouse for lease in the same industrial area. Tom O'Connell, president of the firm, also announced plans for the Ridgedale Professional Center, an 80,000 square foot office building to be built at the southeast corner of the intersection of Highway 12 and Interstate 494. A sale to an institutional investor was ar- ranged and the firm anticipates groundbreaking will be in mid-Ap61 1981. BENSON & MALKERSON APPOINTED AS PROPERTY MANAGER Jim Benson and Sherman Malke~son of Banson & Malke~son, Inc. announced they have recently been appointed properly manager for two multi-tenant industrial buildings which total 78,400 square feet in Paco Industrial Park in Fridley, and for a 40,640 square foot multi.tenant office/warehouse building located in Circle Star Business Center in Plymouth. The firm also manages the 45,000 square foot Florida West Office Building in Golden Valley. Benson & Malkerson, Inc. is a commercial-industrial brokerage firm offering ser- vices in the field of sales, leasing and consulting, together with property management. NATIONAL ASSOCIATION OF ............. Hyott Re~ency Hotel --.