MINNEAPOLIS-The former Fairmont Hotel building at 9th and Hennepin will be converted into a Chambers by RWB Development Co. International boutique developer Ira Drukier and local real estate businessman Ralph Burnet are leading the redevelopment.

MINNEAPOLIS-Multifamily units account for 43% of the 1,052 units planned, but year-to-date accounts for 47% of total units, according to the Builders Association of the Twin Cities.

BROOKLYN PARK, MN-The leather goods retailer plans to raise $35 million by selling common stock and warrants, with the possibility of another $12 million over the next five years.

BLOOMINGTON, MN-Kevin Farrell, formerly a senior managing director with CB Richard Ellis, has been hired as executive managing director of the commercial real estate firm's 80-employee corporate real estate services division.

BLOOMINGTON-The sporting goods retailer's shares went public at $16 a share, and soon were trading at $22 a share--one of the best openings in the last few years.

LUVERNE, MN-Gov. Tim Pawlenty cites his JOBZ tax-free business zones as a reason companies are expanding in his state. He says the 13 expansions are just a start for the program.

BLOOMINGTON, MN-The sporting goods retailer would use proceeds to pay down debt and open additional large format, 80,000-sf stores. The company will be traded under the symbol "GMNT" on Nasdaq.

ALBERT LEA, MN-The pork processing plant will cost more than $5 million. It will be built in a new JOBZ zone the state set up to give tax breaks to job creators.