HUGO, MN-The 55,000-sf grocery store would be part of the 70,000-sf commercial development that is part of Victor Gardens North, a planned community that will consist of about 198 townhomes.

MINNEAPOLIS-Federated's $11-billion deal to buy May would give Federated 10 more department stores in the Twin Cities. Retail analysts expect Federated to convert the Marshall Field's stores to the Macy's brand, leaving Nordstrom's Mall of America store facing an even large competitor with slim prospects for adding more stores in the market.

MINNEAPOLIS-Financial Freedom Realty's new condo project near Lake Calhoun called the Edgewater is expected to be ready next year. The start-up firm has already worked on $150 million in properties, including 500 units that have been converted to condominiums, with an additional 500 coming on line in the next 12 months.

MINNEAPOLIS-The healthcare provider will have 1,500 employees at its new headquarters at Midtown Exchange, the former 1.1-million-sf Sears building in south Minneapolis. Allina will lease 340,000 sf at the building, which will begin to open later this year and be completed next year.

MINNEAPOLIS-The healthcare provider will have 1,500 employees at its new headquarters at Midtown Exchange, the former 1.1-million-sf Sears building in south Minneapolis. Allina will lease 340,000 sf at the building, which will begin to open later this year and be completed next year.

EAGAN, MN-The healthcare insurer signs a 42,500-sf lease for a mail distribution center at Silver Bell Commons and renewed another 53,772-sf lease at Eagandale Technology Center.

ST. PAUL-A study by the Minnesota chapter of NAIOP shows the state's property taxes, while down due to tax reform efforts, are still the highest in the region.

MINNEAPOLIS-In a ruling closely watched by city officials and commercial real estate owners, the Minnesota Tax Court backed valuation reasoning by the city's assessors for the 30-story US Bancorp Center at 800 Nicollet Mall. Former building owner Equity Office Properties Trust had hoped to shave about $20 million a year off city's valuations in 2000 and 2001.