Category Archives: Local Business

MNCAR and the new Exchange


The power of data, the power of connection and the power of community. The MNCAR(Minnesota Association of Commercial Real Estate and Realtors) Exchange is taking a big step forward with the upgrade of the back-end technology platform in February. Brokers, community development officials, appraisers and the public at large will have better tools for marketing, researching and accessing commercial properties in Minnesota and the Nation. The reminder for this broker tonight at the MNCAR Annual Board meeting and thank you dinner was that this technology upgrade is just an enhancement to a group of people that exemplify cooperation and professionalism. The association staff and leadership work together to make the industry and market better as a true collective. Jacket colors and affiliations are not prioritized and big shops look out for small shops so the Exchange is an equal playing field for all commercial real estate practitioners. The reason the association will survive well into the future is because of the Leadership’s actions to keep the tools and training progressing. But more importantly, it will thrive in the future because of the participation of the members in the past that have shown by example that the spirit and ethics of the Exchange has meant that the only way forward is together.

Data Center incentives in Minnesota

Minnesota is pimping the wares….cool climate & smart people that is. Positively Minnesota wants you to know this is GREAT place to build a data center. There are now Sales and Tax incentives for companies to build their mission critical facilities in the land of ice and snow and 50 other cool things were damn proud of (thanks City Pages). For those who want to know the specifics of the new law on Sales and Use Tax to be used, here are the details.

In Eagan, it appears a project called the Connexion is on the boards to take advantage of the new law.

If you already have a center and want to get better, Xcel Energy will offer rebates to make your  your data center run more efficiently.

Certainly, Minnesota is getting a bit more tech attention as of late. Enough so that it might get people believing in MN’s role as worthy of concentrated, collective, creative  efforts toward building more technology service clustering and shared marketing efforts. Blandin Foundation and others are working hard to help connect and attract to the rural, now we can takes that spirit and recent mojo to double down.

Watch live streaming video from umntv at livestream.com

Maybe Google will reconsider Duluth as their next fiber target. The recent visit couldn’t all be PR and targeted meetings?

Data management is set to grow 800% in the next five years. Sound like a good market to invest in? Our services at Colliers are positioned to help all these groups make sure they are making smart moves and strategic decisions when it comes to technology and commercial real estate.


What do you get when…

You combine Canadian $ interest in Minnesota commercial real estate with clean economy R & D projects sponsored by the University of Minnesota with a and a regional partnership looking for attract economic development and create jobs?  Triple bottom line potential. All we need is to put them in the same room and say,  ’hey Region: want jobs? Get the 19 Fortune 500 local companies behind the ramp-up of clean economy concept to turn this into a clean economy hub.’ Then say ‘hey U of M: give attractive $ deals to corporations to take R & D to market and scholarships to the brain trust that brings more IP to U of MN. Then say, ‘hey Canada, what value add real estate deals in a state you already believe in? Yeah, they are more risk but with lease guaranties, or similar credit enhancements from State and private entities, the shared risk puts collective skin in the game and the result will accelerate the success for all of us. To simple? Missing some big pieces? Maybe. But it starts with collaboration. No one segment can get it done alone.

flikr photo cred: ifmuth

A sunny drive down France Ave.

Ahh, sunny spring in Minnesota. Time to take the long way. As I did from my weekly pilgrimage from the bluffs of the Minnesota River northward, I took notice of the continued progression (and in some cases regression?) of the development landscape.

France Avenue offers a sampling of it all.

Starting with Normandale Community College in Bloomington, the old “high school with ashtrays” has really grown in curriculum and square footage along with the interest for more higher learning. There is no doubt education was/is good commercial development business.

Crossing 494, I come upon the wrecking ball at Centennial Lakes Plaza tearing down a structure built as recently as 1989 to make way for the new Whole Foods. I mean, come-on, could we not use our heads a bit more to come up with an adaptive reuse strategy before we scraped the site? There are buildings three times as old and as ugly across the street. For the time being, the development party has mostly turned its back on the that side of the street. I guess to me this seemed short sighted and I expected more from Whole Foods and Edina. For what its worth, if they had considered all the adaptive strategies and they were deemed not feasible,  my apologies. It will be a sad day when they tear down the Macy’s (Dayton’s) Home Store down the street  for a short term endeavor or whatever development wave is breaking on the beach.

All is well and good with Leisure Lane, Tavern on France, Galleria and all the other main drag sites that have found development or redevelopment love. Or is it? Looking closer at the Container Store development, the strip center looks a little forced. The future may prove it to be smart infill but maybe there is a reason there wasn’t retail beyond an uncompetitive movie theater there before. The development track of bringing the residents closer to the shops like the Galleria condos, Westin and apartments on York seems to make more sense. Whatever phase of development thinking, this part of France is definitely the main thoroughfare of the new retail /mixed development that has grown around and now beyond the old lady with too many face lifts, Southdale.

Point of France corner marks what I call France’s symbolic version of Edina’s demographic turn. POF was the first big condo tower and now is showing its age. So are the residents of Edina. Fittingly, the Southdale medical area around Crosstown has developed to suit the surroundings. Like all medical facilities, Fairview has no shortage of customers and funds. Somehow the density of buildings fit in an area not easily ready to accommodate. Both old and new structures jam into a spot like a swollen foot in an orthopedic shoe yet function with design efficiency and functional ingress/egress with each addition.

Crossing Crosstown, I enter into the lot and block version of Edina. Guided by grids and Minneapolis echoes, France is tamed into being more sensible, at least until 50th. However, as you approach the holy grail of urban shopping you are confronted with modified residential living now more adapted toward affluent clustering. Density is less but the Edina side of France wins out over Minneapolis for the new developments. Hitting the commercial district of 50th, new mixed-use developments once the fears of some are now firmly supplanted. The residual is greater mixed-use density and more economic action. Restaurants such as Barrio, Salut and Mozza Mia and new additions for the hip looking to grow up and the grown up to try to stay hip. Fare thee well Pearsons.

Jumping down to 44th, a sense of more grounding comes over me as I see the Linden-Hills Co-Op where the neighborhood successfully avoided the CVS wave and the Sunnyside Gardens have endured long enough for a new generation to discover gardening. Buildings last over here. Maybe because its less prized than their 50th & France big sister or its Southdale area uncle.  Local success stories, old classics and independent operators survive with minimal pretense. Whatever the case, the development gods have not penciled out too much in the way of tear-down/build-up for this end of France, and that is a good thing.

So is rolling down the windows and taking the long way in Minnesota spring.

Fickr photo creds:  Marcus MetropolisJohn McNab

Time to Fly

You’re capable, competent and want more compensation. You know how to fly but want to build a nest with your feathers. You want partners for flocking and latitude to navigate opportunities. We are here. We are looking for the next Sr. Associate to join our team and partner in building a growing business.

Ideal candidates will:

Have CRE industry experience.

Possess strong communication skills.

Have a desire to grow a business.

Get satisfaction from getting results.

Be curious enough to be creative.

Have a network to access.

Be hungry but not starving.

Be accountable and can manage their time efficiently.

Be comfortable using technology and the Internet.

Be focused.

The best candidates will have more than a few years in the business under their belt; have competence in their own performance and a strong desire to chart a new course. We offer extremely fair splits and exceptional support. All conversations will respect complete confidentiality.

We are boutique brokerage/advisory located in Minneapolis, MN representing tenants, buyers and owners. We build relationships to convert vision into value by finding and creating unique spaces and investments for our clients.

Follow your gut. Email contact info to info@adamcommercial.com

Flickr photo cred: Yan Bleney

William H. Fruen and the “Liquid Drawing Device”

Thanks to a heads-up from one of the Adam-ites, we were reminded that on this day in 1884 a patent was issued and thus causes us to do a little reflection on the old owner of the Fruen Mill.

Here for your information and historical perspective is a Sketch of William H. Fruen.

A true Minneapolis entrepreneur.

William H. Fruen carried an influence in business and political circles
in Minneapolis. He was born in Fisherton Anger Parish, Salisbury,
Wiltshire, England, July 15, 1845, and served an apprenticeship as a
machinist at Newcastle-on-the-Tyne. Coming to the United States in June,
1865, he found employment with the Boston Screw Company, and there
learned all the detail of the manufacture of screws and of making the
screw machinery. He made patterns for several new machines and installed
them, also becoming a stockholder in the company. In those years the
American Screw Company was buying up the smaller shops and forming a
monopoly, the Boston Screw Company being thus absorbed.

In 1870 Mr. Fruen visited St. Paul–had then never heard of
Minneapolis–but soon secured a repair and machine shop in the milling
district of Minneapolis. The new process of flour manufacture was being
introduced; and his skill was sought to make patterns and build new
machinery. With the idea of screw manufacture in mind he built
twenty-five machines; and in 1874, he built a dam on Basset’s Creek near
where Glenwood Avenue crosses it and erected a plant where he made 8,000
gross of screws, most of which were sold to T.B. Janney and Company.
R.P. Russell and M.J. Mendenhall were original partners, but both were
so crippled by financial depression that the burden fell wholly on Mr.
Fruen, who found it difficult to enlist capital, so that it took some
years to get well established.

In 1878 the American Screw Company sought to buy the Fruen plant, and
make screw machinery.

After the historic explosion of the Washburn “A” mill, his services were
sought to provide means to prevent a recurrence, one invention being an
alarm bell to indicate shortage of flow of grain between the mill stones
and stop the machinery before the surfaces would be injured. speed of
machinery also needed regulation and in 1878 he secured patents on a
Water Wheel Governor; which, within a year, had replaced all other such
devices in Minneapolis; although, to get his first governor into use he
had to give it to one of the mills. His old screw factory was now
converted into a manufactory of these governors. These machines which
automatically regulated the speed of water wheels, regardless of the head
of water, were shipped into many foreign countries including England,
Japan, and Argentina. This industry demanded his attention largely until
1890, and proved a financial success, making him an important factor in
business circles.

Mr. Fruen was doubtless best known in connection with the supply of
spring water to Minneapolis. Fine springs of purest water near his
factory began to be utilized for this purpose about 1882. It was during
this time of the development of the spring water business that he
invented a coin machine for the dispensing of a glass of water by the
deposit of one cent through a slot. This is listed in the official
Gazette of the United States Patent Office as “Liquid Drawing Device”,
Patent no. 309219 issued on December 16, 1884 to William H. Fruen.

The general appearance of the equipment was a replica of a four-sided
office building with cast iron fronts. Depressions formed the windows
and a larger and deeper depression formed the building entrance. In the
latter was placed the water tap and drinking glass, and also the slot
through which the coin was dropped. The weight of the coin actuated the
mechanism which measured and delivered the water to the glass. One of
these was placed in operation in the lobby of the West Hotel, the
principal Hostelry of Minneapolis at that time. Here it was the subject
of considerable comment.

A franchise was also asked for to lay mains to bring the water to the
heart of the city and to supply users on the route, John T. West and
Thomas Lowry being associates. Only one dissenting vote opposed, but
Mayor Pillsbury vetoed it, the rates asked not being satisfactory. In a
second effort Phillip Winston was a partner; and still later a third
attempt was made, Mr. Winston then being mayor; but then not interested,
he vetoed it

In 1885 they began to deliver water in jugs. An ice plant was added and
ever since then the business has grown until it has now assumed large
proportions. In 1896 Mr. Fruen retired, his son William F. Fruen
becoming the head of the business, now known as the Glenwood-Inglewood
Company.

The Fruen Milling Company is another project which was started by William
H. Fruen. About 1890 he experimented with steam rolling wheat from which
only the exterior bran had been removed, and which was then packaged and
sold through grocers as a breakfast cereal.

The company was incorporated in 1894 as the Fruen Cereal Company. Later
as the business broadened, the name was changed to the Fruen Milling
Company.

The old machine shop, in which were first manufactured screws, then water
wheel governors and the coin operated dispensing machines, had been
converted to a mill in the early part of the twentieth century when it
was still using the water power with the assistance of a steam engine.
In 1909 this cereal mill was turned over to the management of another
son, Arthur B. Fruen, who is still active in the company; now holding the
position of Chairman of the Board.

Mr. Fruen’s house stood on an elevation on the bank of Bassett’s Creek,
and here he was occupied with history, politics, philosophy sociology and
religion. His experiences a manufacturer made him and ardent free
trader, his views appearing in pamphlets which he wrote. He was a member
of the First Baptist Church of Minneapolis. He died in October, 1917.

(Written by Arthur B. Fruen in 1960. The above sketch came about as as
result of a request from Frederick Fried of New York who was researching
and writing a book about the development of coin dispensing machines It
owes much to The History and Biography of Minneapolis and Hennepin
County, Minnesota, By Holcombe.)

Glenwood Inglewood

Pure, refreshing and great-tasting spring water is the hallmark of the
Glenwood-Inglewood company. Our story starts in 1884 when William Fruen,
a machinist, built his factory on Bassett’s Creek at the edge of
Minneapolis. In his leisure time, William was an avid fisherman so he
decided to construct a pond to keep his catches alive until he was ready
to eat them.

While excavating for the pond, he hit a flow of spring water. The high
quality of the crystal clear water prompted William to abandon his pond
project and deliver his find to Minneapolis homes. Because the spring was
in a glen surrounded by woods, William called it Glenwood Spring. The
company operated under this name until Inglewood Spring was acquired and
the name changed to the Glenwood-Inglewood Company.

Today, homes and offices throughout the Upper Mid-West enjoy the delivery
of delicious drinking waters. The company also delivers the highest
quality distilled water to homes, druggists and industrial customers.

From water.com downloaded January 2001

Minneapolis Warehouse District

A larger lens on our corner of the world from CoolTown Studios. Love their take on many Commercial Real Estate Subjects.

Of course we know, as stated by CTS, the renaissance occurred some 30 years ago. Still, the latest evolution of the Warehouse District aka North Loop is taking its natural course while still retaining some of its pre-gentri-flava. House of Balls hang on?

Follow the artists and the renaissance is where you find yourself. Crazy as it may seem, the suburbs seem to be getting their attention.

20 years ago you could have your run of this one while your buddies practiced their music in the basement. Now its the old renovation lady on the block.

I wonder how Gus G. would view the changes now and the ones coming due to the stadium. I think he’d be happy to offer the new neighbors a drink!

Thanks to MNHS.org for our long-term memory.

No animals were harmed…

Some folks associated with a great creative firm, deZinnia Inc., recently purchased 1032 W.7th Street-previously known as the Pilney Meats Building. The location has a long and storied past as a family meat and grocery retailer but examining the underbelly of this once one-stop shop shows they were doing much more than straight retail activities. The building has the remnants of a two-story smoker, two levels of coolers, old style elevators, cool doors, fixtures, and more character than most spaces, places or faces you run into these days. The carnivorous apparatuses are all gone now and what is left is great space that permeates old school and uniqueness. Yes, its in a a character filled neighborhood just down the street from the soon to be revitalized Schmidt Brewery /Biz Journal/ but this little gem is ready to go today and would be a great space for a salon, specialty store, coffee shop, financial services office, or almost anything that digs a space with lots of glass and flavor.

See the brochure next door or give Adam a call to find out more.

Opportunities March 12th

Great sublease in Minneapolis Warehouse District – plenty of extra incentives for company looking to plug-in and get going quickly. Free notebooks too.

Renovators special in Minneapolis Neighborhood – Price negotiable and extra lot available.

Retail lease location on West 7th. Get your Convention on or camp out for the coming Schmidt redevelopment. Owner is cool creative firm too.

See brochures:
North Loop Office Sublease
Minneapolis Mixed Use Building For Sale
Pilney Building: Coming Soon!

My neighbor, my hood.

Its no secret the middle class is shrinking. According to the Brookings Institute, what seems to be new information is the middle class neighborhoods are shrinking faster. Does this mean we need to find new reasons to stay in the suburbs or does it mean we need to make the suburbs more friendly to the increasingly polarized society? If you’re out on National Night Out tomorrow look, or better yet ask, around to find what seems to be missing in your suburban world.

Adam’s currently more frequented neighborhood is the 5th floor at Abbott while we await our next addition to our first ring population. Reporting will regain its frequency once we’re all back in da’hood.