October 24, 2008 – 6:04 pm
Developer John Mathern talks economy from Bonnie Obremski on Vimeo.
John Mathern, CEO of Mendota Homes, met with me for about an hour two weeks ago shortly after First National Bank took ownership of one of Mendota’s downtown properties. In the video, Mathern references the The Crossing condominium project. The video is about one minute long.
October 22, 2008 – 9:02 pm
Northfield resident Richard Garcia is working in a “recession-proof” industry on Division Street. He’s a video game designer for a company he founded 13 years ago called Monster Games.
“People will still pay for entertainment,” Garcia said, adding that profits throughout the video game industry are mostly on the rise, despite the national economic slump.
Garcia credits [...]
October 21, 2008 – 7:41 pm
Brenda Miller owns a successful 12-year-old horse tack manufacturing business off Division Street called Triple L, but the Equine Outfitters retail store she opened right on Division Street a little more than a year ago is closing.
“If I had known the economy was going to be this bad, I would have never decided to try [...]
October 20, 2008 – 11:48 am
Note: I’m trying to get a picture of the nature of the housing market in Northfield. I talked to Mary Schmidt this morning but will be speaking with other people throughout the day on the matter. There will be updates attached to the bottom of the original post throughout the day. (Update log: 10/20 2:30 [...]
October 8, 2008 – 7:46 am
Higher education institutions across the nation, including Carleton College, have money invested in Commonfund’s floundering “Short Term Fund.”
But so far, Carleton administrators said they are far from panicked.
“Recent developments in the financial markets have caused for many of us confusion and uncertainty,” Carleton President Robert A. Oden Jr. wrote of the matter in a message [...]
September 30, 2008 – 10:08 pm
A major corner property on Bridge Square in downtown Northfield will soon be back on the market and at least one developer is already showing some interest in buying.
“I think it’s a great opportunity,” Brett Reese, CEO of Northfield Automation and real estate developer, said on Tuesday. “Given the location, and what it means for [...]
