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February 5, 2010                                                            Minneapolis/St. Paul Business Journal | mspbj....
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Jason Sandquist Minneapolis St. Paul Business Journal 20100205[1]


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Congratulations to Jason Sandquist for making this weeks edition of "People in The News" section in the Minneapolis / St Paul Business Journal!

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Jason Sandquist Minneapolis St. Paul Business Journal 20100205[1]

  1. 1. anty. InsIde thIs week Encode: 074470970279 06 PU MAG 90 NBAR .0117 BWA -0.0020 06 february 5, 2010 Breaking news all day on the web: Vol. 27, No. 36 $3.95 More homes: 0 74470 97027 9 oakdale plans to buy, Ecumen will build senior apartments in Apple Valley. specIal report |3 Encode: 074470970279 12 PU MAG 90 NBAR .0117 BWA -0.0020 Banks in transition: redevelop failed mall Bremer Bank’s incoming 12 ceO plans By jOhN VOmhOF jr. to buy the site at a reduced price. Staff Writer Minneapolis-based Ryan Cos. US expansion The city of Oakdale has agreed to Inc. and St. Paul-based Wellington | 11 0 74470 97027 9 purchase the vacant Oakdale Mall Management Inc. will serve as the for nearly $7 million, paving the master developers for a project at way for city officials and private de- the site. U.S. Bank purchase hits slimmer dinner: velopers to begin planning a mixed- “The mall has been struggling for controversy in chicago | 13 Weight-loss chain Medifast use redevelopment on the site. a long time and the city council al- Encode: 074470970279 18 PU The 180,000-square-foot shop- ways has identified it as an eyesore opens 5 metro locations. MAG 90 NBAR .0117 BWA -0.0020 ping center, which was built in and an under-performing piece |5 1984, struggled with high vacancy rates. Its last 15 tenants slowly left over the past two years, and it of real estate,” said Bob Streetar, Oakdale’s community development director. “The city has, off-and-on Four area banks lose 18 closed for good early this year. for the past 15 years, tried to either Oakdale officials identified the buy it or work with a developer to “the city council 18-acre site as its top redevelop- buy it from the owner.” ment priority and capitalized on The city started its latest round always has identified [the more than the depressed real estate market of negotiations with mall owner 0 74470 97027 9 Joseph Kashani, of California, in mall] as an eyesore.” January 2008. At that time, Kashani Oakdale | PaGe 25 $11m in Q4 Bob streetar egg-cellent idea: Encode: 074470970279 24 PU Community development director, MAG 90 NBAR .0117 BWA -0.0020 Public-private partners plan city of Oakdale By chrIS Newmarker $750M science incubator. Staff Writer Some Twin Cities community banks In Private | 6 racked up large fourth-quarter losses 24 as they engaged in some end-of-year financial housekeeping. nAncy kuEhn | MinnEAPolis/st. PAul businEss journAl At least four metro-area banks — Index on page 3 American Bank of St. Paul, Chaska- 0 74470 97027 9 based KleinBank, First National Bank of Elk River and Wyoming-based The RiverBank — lost more than $11 mil- lion in the last three months of 2009. In contrast, no area banks lost that Encode: 074470970279 30 PU MAG 90 NBAR .0117 BWA -0.0020 much in the third quarter of last year. In addition, more banks moved into riskier capital-ratio territory. Top executives at the four banks all said the big losses were due to their Schwan goal: Double $1B food-service biz 30 institutions writing down diminishing investments and bad loans, and plac- ing more money in reserves to prepare their books for a better 2010. By Sam Black and Rising Sun Sushi. It’s also beefing “The thought 0 74470 97027 9 Staff Writer up its sales and marketing staff and is that we’re go- The Schwan Food Co., best known spending while it looks for companies ing to have a bad for its pale-yellow delivery trucks, is or technologies to acquire that can year, so we might taking steps to double the size of its add innovative products. as well make it a Encode: 074470970279 36 PU MAG 90 NBAR .0117 BWA -0.0020 $1 billion food-service business that Even with some help from acquisi- big loss and set the supplies cafeterias in schools, hospi- tions, the goal of doubling sales in a stage for a much tals and, increasingly, restaurants. short span is an uphill battle, given better next year,” To do so, Marshall-based Schwan the National Restaurant Association’s said John Houlton, is developing food-service products prediction that the food-service in- president, CEO and Houlton 36 such as Mrs. Smith’s breakfast pastries dustry will stay flat in 2010. board chairman Schwan’s Food Service Inc. gets of First National Financial Services nAncy kuEhn | MinnEAPolis/st. PAul businEss journAl about 70 percent of its sales from Inc., the holding company for First Mark Jansen, president of noncommercial customers such as National Bank of Elk River. Schwan Food Service, has schools, hospital cafeterias and the In three of the four cases, that in- 0 74470 97027 9 launched new products. SchwaN | PaGe 25 BaNkS | PaGe 26
  2. 2. February 5, 2010 Minneapolis/St. Paul Business Journal | People 9 nounced that St. Thomson Reuters’ Koch as account Venture Mortgage, Paul Library Director Legal organiza- representatives. based in Edina, hired Katherine Hadley tion, to its board of Kip Dunkelberger joined the national directors. as vice president of housing group REAL ESTATE commercial loan board. Coldwell Banker originations. Burnet, based in StuartCo, based Edina, named Tina in Bloomington, PROFESSIONAL Graham as direc- hired Ryan Dunlay ASSOCIATIONS tor of training of as vice president of Project 515, Coldwell Banker development and Minneapolis, hired Burnet’s University. acquisitions. Ann Kaner-Roth as JBL Cos. Inc., its new executive Schlosser based in Eagan, hired director. Grant Schara as U.S.-China The TwinWest property manager. Business Chamber of Connections, Edina, Commerce, based elected six new in Plymouth, named SOFTWARE board members: Judy Johnson govern- Fishbowl Dehua Yang, Brant ment affairs director. Solutions Inc., based Schulz, Larry Tan, Graham in St. Louis Park, Steve Oanes, Jeff named Billy Cripe O’Brian and Helen Ladin Ventures, as vice president of Yanhang Hu. based in Plymouth, marketing. S JOURNAL PRODUCTION The Minnesota 1. CLIENT PROOF CHECK LIST hired Jason Verisae, basedFINAL PROOF CHECK LIST 2. in High Tech s on us house ad Sandquist as a client Minneapolis, elected will go to press the way it This is the first of two proofs. Please use this check list Your ad Association, e: 1/4s Color: b/w adviser. when proofreading your ad: Marty Leestma, appears here. Unless there are Minneapolis, Is your address correct? YES NO chairman of typographical errors, no other changes will be made. -25-09 elected Jacquelyn Is your phone number correct? YES Forthright Solutions, NO sign Crowhurst, direc- Johnson you proofread the entire ad? Have YES to its board of Ad approved by: NO ted in house of the customer tor directors. Please mark any changes and fax to your account evangelism business executive’s attention at 612-288-2121. Date: at Microsoft Corp., PUBLIC RELATIONS and Lisa Schlosser, Tunheim TECHNOLOGY vice president and Partners, based in Dascom Systems chief technology offi- Minneapolis, hired Group, based in cer for the corporate, Jeana Blomme Sandquist Woodbury, named government and and Madeline Nathan Vineyard di- academic division of rector of engineering. Subscribe and dinner’s on us Sign up for 3-year subscription to the Business Journal and get $50gift card a $50 gift card redeemable at any of the Parasole restaurants. You’ll get 156 issues, full online access and the Book of Lists for just $181 - that’s just $1.16 per week. Sign up for 1 or 2-year subscription to the Business Journal and $20gift card get a $20 gift card redeemable at any of the Parasole restaurants. You’ll get 52 issues, full online access and the Book of Lists for just $84 - that’s just $1.61 per week. Redeem your gift card at any of these Parasole restaurants. Call to subscribe today 612.288.2139 or send an e-mail with your name, address and phone number to