Author Archive for: ashley
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Entries by Ashley Groves
Mpls/St. Paul Business Journal: Cool Offices: Hybrid Medical Animation’s office is an ode to midcentury design
Hybrid Medical Animation went with a midcentury modern office design to match the aesthetic of the Pentagon Park business campus in Edina. Duluth-based architecture firm LHB Inc. was tasked with making the office more playful and colorful to complement the creative nature of Hybrid Medical Animation’s work. Bruce Cornwall, the project’s lead architect, said the […]
Mpls/St. Paul Business Journal: Optimism is returning to construction industry as pandemic disruptions persist
Construction firms are still dealing with higher material costs, supply chain disruptions and project delays one year into the pandemic, according to a recent survey by the Associated General Contractors. “One year after the pandemic struck, it is still having severe but also diverse effects on construction firms. The survey makes it clear that the […]
Mpls/St. Paul Business Journal: Most Active Commercial Real Estate Developers in the Twin Cities
Ranked by Metro square feet developed between 2018-2020 Information on The List was supplied by company representatives through questionnaires.
Star Tribune: COVID will leave lasting changes in Minnesota office and apartment projects
COVID-19 is altering Minnesota commercial real estate in subtle ways — from a boost in office subleases to quick construction pivots to adapt offices and apartments to allow tenants to safely gather outside in the winter or toil away indoors. Doran Cos. was building its new Birke apartment complex in Minnetonka last summer when the […]
Mpls/St. Paul Business Journal: 2020 Fast 50 No. 21 Doran Cos.
Commercial real estate developer Doran Cos. lands on the 2020 Fast 50 list at No. 21. Its revenue was nearly $260 million last year, an increase of over 107% from 2017. For more insight into this fast-growing company, we asked CEO Anne Behrendt … What are some business decisions your executive team made that were critical to […]
Star Tribune: St. Anthony to replace shuttered Walmart with 492 apartments
The site of a long-vacant Walmart store in St. Anthony will soon be replaced by nearly 500 rental apartments. Twin Cities developer Kelly Doran said last week that he has secured a $49 million loan from Bremer Bank to build the project, which will take the place of the now-demolished big-box store he helped develop […]
Mpls/St. Paul Business Journal: Doran lands financing for nearly 500-apartment development in St. Anthony
Kelly Doran’s redevelopment of the Silver Lake Village shopping center in St. Anthony got a boost as he announced Tuesday that he’s landed $49 million in financing for the first phase of the 492-apartment project. With financing — from Bremer Bank — Doran said in a news release that construction on the first 254 units […]
Mpls/St. Paul Business Journal: Apartment development keeps booming during pandemic with no signs of bust … yet
The last eight months have brought a mercurial rise in unemployment and a devastating blow to many small businesses. Developers have pulled back on hotels, retail centers and office complexes. Yet one thing has remained almost constant throughout the pandemic. Apartment buildings are still going up. “The bottom line is that there is profit to […]