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MEMBER
<br />TO
<br />MEMBER
<br />
<br />BANCO ANNOUNCES APPOINTMENT
<br />OF BIFARO AS VICE PRESIDENT & MANAGER
<br />Banco Mortgage Company, a wholly owned subsidiary of
<br />Northwest Bancorporation, recently announced the appoint-
<br />ment of James M. Bifaro as Vice President and Manager of
<br />the firm's Minneapolis Twin City Income Loan Office.
<br />Bunco is the third largest mortgage banking company in the
<br />nation, presently servicing over four billion dollars in loans
<br />through its 58 offices located in 18 states. Northwest Bancor-
<br />poration is a bank holding company ranked 18th largest
<br />among banking organizations in the United States based on
<br />assets, and 13th largest on the basis of earnings.
<br />
<br />James M. Bifaro has had over 11
<br />
<br />years of direct real estate and
<br />commercial lending experience.
<br />During the past four years
<br />he has been responsible for all
<br />loan origination activities na-
<br />tionally for a major national
<br />lending institution where his ac-
<br />tivities included underwriting,
<br />
<br /> appraising, negotiation and clos-
<br /> ing of several million dollars in
<br /> construction loans and perma-
<br /> nent mortgage placements. Prior
<br /> to his real estate activities, he
<br /> managed a commercial loan port-
<br /> folio of $50 million for a major lending organization. Bifaro is
<br /> a graduate of the University of Buffalo and the Graduate
<br /> School of Banking at the University of Wisconsin, and has
<br /> attended several Mortgage Banker's Association courses. He is
<br /> a member of NAIOP, the Mortgage Banker's Association of
<br /> Minnesota, and the National Mortgage Banker's Association.
<br />~twifaro resides in Bloomington with his wife, Carla, and their
<br /> o children, Jim and lulie.
<br />
<br />TOWLE NAMED AGENTS
<br />FOR OXFORD DEVELOPMENT
<br />Towle Real Estate was appointed exclusive agents for the
<br />sale of the former Donaldson's Department Store and park-
<br />ing ramp in St. Paul by Oxford Development Minnesota, Inc.
<br />Located between Seventh and Eighth Streets, and Robert and
<br />Minnesota Streets, th6 6-story structure was constructed
<br />circa 1900. The building was vacated when Donaldson's
<br />relocated in Town Square.
<br />Towle also announced the appointment of John F. Bloods-
<br />worth, Apple Valley, as Insurance Agent for the f'u'm. Bloods-
<br />worth was formerly an account representative with Allendale
<br />Insurance Company, and specializes in writing commercial and
<br />industrial property insurance.
<br />
<br />MeGINLEY APPOINTED OFFICER
<br />The Board of Directors of Draper and Kramer, Inc. recently
<br />elected Richard P. McGinley as Assistant Vice President of
<br />the corporation. McGinley will continue as Director of Ma-
<br />nagement and Leasing for the Minneapolis office of Draper
<br />and Kramer, Inc., a nationwide real estate firm specializing in
<br />real estate brokerage, management, finance and development.
<br />
<br />RAUENHORST CONGRATULATES BROKERS
<br />Rauenhorst Corporation is pleased to extend congratulations
<br />to Jim Miller of Coldwell Banker as the broker for a 40,000
<br />square foot office lease in the Edina Office Center at 76th
<br />and France Avenue in Edina. The new tenant is Home In-
<br />surance Company, a locally-based firm.
<br />Ranenhorst is also pleased to extend congratulations to
<br />Tom Snyder of Coldwell Banker as the broker for a 12,000
<br />square foot office leased in the Northwestern Financial Center
<br />in Bloomington. The new tenant is Hoffman York, Inc.,
<br />an advertising agency with their home base in Milwaukee.
<br /> In another announcement, Rauenhorst has named Don Wood-
<br /> ward & Associates of Bloomington as their leasing agent for
<br /> Avalon Center, a 3-building 70,000 square foot office/ware-
<br /> house project in Eagan, Minnesota.
<br />
<br /> WINFIELD COMMENCES CONSTRUCTION
<br /> ON PHASE II OF RIVERVIEW PROJECT
<br /> Winfield Developments, Inc. announces they have commenced
<br /> construction of Phase II of the Riverview Business Plaza. Phase
<br /> II comprises two office/warehouse buildings and a 2-story
<br /> office building on the Lafayette Freeway immediately north
<br /> of downtown St. Paul.
<br /> The initial Phase of Winfield's 140,000 square foot develop-
<br /> ment was completed in the Spring of 1980 and is 100% leased.
<br />
<br />RYAN ANNOUNCES NEW TENANT
<br />FOR ONE CORPORATE CENTER...
<br />AND PROGRESS ON NEW BYERLY'S
<br />Signetics Corporation, a national manufacturer of integrated
<br />circuits , has leased space in Phase Two of One Corporate
<br />Center for their regional sales office according to Ryan Con-
<br />struction Co., managers of the property. David T~rnquist, Sig-
<br />netics' Regional Manager, said the move to new and larger
<br />quarters was "necessary due to the company's growth in ser-
<br />vicing midwestern customers."
<br />
<br />The firm has production facilities in Sunnyvale, California;
<br />Orem, Utah; and Albuquerque, New Mexico. Signetics is a
<br />subsidiary of U.S. Philips Corporation, New York, and an
<br />affiliate of N.. V. Philips of Holland.
<br /> Ryan Construction says that the 6.story, 116,000 square foot
<br /> Phase Two is now at 100% occupancy. B. Dalton Booksell.er
<br /> is the major tenant, with its corporate offices located there.
<br /> In other news, Ryan announced that construction is well
<br /> underway on the new Byerly's food store in Ridgehaven Mall
<br /> adjacent to Ridgedale Shopping Center in Minnetonka. _TI?
<br /> new facility, scheduled for completion in Spring of 1982, is
<br /> located on an 8-acre site and will encompass some 72,000
<br /> square feet of floor area.
<br /> With architectural design and build by Ryan Construction,
<br /> the mechanical engineering is specified by Planmark Engineer-
<br /> lng of Hopkins, Minnesota. Plans call for four mezzanines,
<br /> two of which will be utilized for offices and an employee
<br /> lunchroom. When completed, the facilities will also house a
<br /> bakery, restaurant, deli, liquor store and other quality food
<br /> services which have become, Byeriy's trademark through-
<br /> out the years.
<br /> Constructed of masonry walls and faced with decorative
<br /> brick, the building will utilize color clad metal canopies to
<br /> augment the design motif exemplified by other Byerly's stores
<br /> in the Twin Cities area. Parking facilities at the Ridgehaven
<br /> store will accommodate 453 cars. Total parking space for the
<br /> center will sen4ce more than 1,280 cars.
<br />
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