2005 Corporate Sponsors

Adolfson & Peterson Construction The Avalon Group Barna, Guzy & Steffen, Ltd. Bremer Bank, N.A. news Brookfield Properties (US) LLC The Business Journal Volume 19, Number 12 December 2005 CB Richard Ellis CSM Corporation Cambridge Commercial Realty Colliers Turley Martin Tucker Feature The Collyard Group L.L.C. Airport Update on MSP: 30,000 sf for Commercial Partners Title, LLC Cuningham Group Architecture, P.A. New Restaurants and New Retailers! Dalbec Roofing Exeter Realty Company by Albi Albinson, Architectural Alliance Faegre & Benson LLP he St. Paul International be far from a shopping opportunity in any area Fantastic Sams Airport is constructing new retail and of the airport. General Growth Properties, Inc. Trestaurant offerings. The award-winning Gray Plant Mooty The variety of concepts continues to astound. Northstar Crossing retail area in the Main Great Clips, Inc. The old days of popcorn and hot dogs are Terminal is refreshing and expanding its food H.J. Development, Inc. (thankfully) a distant memory. The food and and beverage, news and specialty retail Heitman Financial Services LLC beverage options have expanded to include options. In addition, the Concourses are adding J.E. Dunn – North Central burritos, fish tacos, Italian delicacies, all more retail choices as well, so visitors won’t J.L. Sullivan Construction, Inc. Jones Lang LaSalle Airport Update on MSP on page 2 KKE Architects, Inc. Kraus-Anderson Companies LandAmerica Commercial Services Landform Snapshot Larkin Hoffman Daly & Lindgren Ltd. Minneapolis City Center LaSalle Bank N.A. M & I Bank Location: Downtown Minneapolis, Central Madison Marquette Business District, 40 South 7th Street, located Messerli & Kramer, P.A. in between Hennepin Avenue and Midwest Maintenance & Mechanical, Inc. Month/Year Opened: August 1983 NorthMarq Capital, Inc. Northtown Mall/ Glimcher Properties Owner: Brookfield Properties Oppidan, Inc. Managing Agent: Brookfield Properties Opus Northwest LLC Park Midwest Commercial Real Estate Center Manager: Paster Enterprises, LLC Ted Zwieg, Director of Operations RLK-Kuusisto Ltd. Jan Murphy, Assistant Property Manager Anchor Tenants: Street Office RSM McGladrey, Inc. Leasing Agent: Jones Lang LaSalle, Tower, Marriott City Center Hotel RSP Architects Mike LeSuik, (312) 228-2964 Reliance Development Company, LLP Internal Contact, Liz Picking, Brookfield Market Area Served: Downtown Minneapolis Robert Muir Company Director of Retail Leasing, (612) 372-1539 Ryan Companies US, Inc. Additional Facts/Narrative: SUPERVALU INC. Architect: Naiztat & Ham, New York, NY Brookfield Properties recently completed a $15 RSP Architects, Minneapolis, MN million renovation at Minneapolis City Center. Retail space was reduced to meet the TCF National Bank Minnesota Construction Contractor: Kraus-Anderson Towle Financial Services increasing demand of office space. The Food U.S. Bank GLA: 1.452 million sf Court was replaced by fast-fresh food concepts on the skyway level and retail has been re- United Properties Current Occupancy: Office space is fully merchandised from traditional shopping to Venture Mortgage Corporation leased, currently leasing retail and restaurant goods and services that meet the needs of Weis Builders, Inc. space on street and skyway levels Wells Fargo Bank, N.A. downtown’s 185,000 workers, 30,000 + Welsh Companies, LLC Number of Stores: 14 growing residential market and 3.6 million Westwood Professional Services, Inc. annual visitors. AIRPORT UPDATE continued for food, lodging, entertainment, merchandise and transportation, supporting 87,161 direct, indirect and induced jobs in kinds of ice cream, Asian, Northwoods- the region. Talk about economic impact! inspired cuisine, gourmet sandwiches and BBQ. Even the basic hamburger will have The companies operating the majority of a location where the meat is custom these various enterprises consist of ground and formed in the restaurant. Minnesota Retail Partners (a partnership The merchandise choices are all over the between HMS Host and CBR), Creative globe, literally and figuratively. Practically Host Services and Delaware North. They anything you might find at the mall can be have provided an incredible array of new found in the MSP airport shopping and exciting stores in which to shop, eat experience. Need a dress shirt and tie to and drink while visiting the airport. Be replace the one you just spilled your latte forewarned - you might want to get to the all over? Check. Need a last minute gift for airport early to check out all the new your mother who collects souvenir snow stores. Bring that shopping list and enjoy domes? Check. Need a children’s book for your time before your flight. Have a safe Junior? Check. Cosmetics, lipstick, and happy Holiday Season! fragrances? Check, check, check. Need another roll-on bag to put all this stuff in? http://www.mspairport.com/msp/ Check. Need an elegant cashmere/ shops/default.aspx pashima? Check. Need to eat only organic http://www.mspairport.com/msp/ foods? Check! One restaurant is even 100% organic and all restaurants and eateries are required to offer healthy selection on at Retail Report Presenters least 15% of their menu assortments. The times they are a-changing!! Some of the more interesting new venues located on Concourses A, B, C and D Let’s take a quick stroll through the new include Skol Café and Bar; Itasca Grill; retail venues. This won’t be an exhaustive Authors/Red Balloon childrens bookstore; survey of everything new, but will attempt DQ Grill and Chill (their first airport to hit the highlights, just in time for your location); Northern Lights Bar and Grill; upcoming holiday travel plans. Fasten your a Subway and two Quiznos. seat belt; it will be a whirlwind ride. From left to right French Meadow Bakery (100% organic A significant number of new stores are selections) is found on Concourse F, as Eric Bjelland - United Properties located in the Main Terminal portion of the is Kipling (luggage from Down Under) Bob Pounds - Welsh Companies, LLC Northstar Crossing retail area, which you and Lake Line Pub. Out on Concourse Linda Zelm – Griffin Companies enter as you check-in through the security G you’ll find Austin Blues BBQ; Jay Scott – Solomon Real Estate Group areas of the Airport. As you head through Tequileria (Mexican); Subway and Zyng John Tramm – Griffin Companies the Main Terminal on your way to your Noodlery (Asian.) Jerry Ciardelli – Erdahl Arial Photos gate, you will discover an expanded from last year. You’ll find a In the main food court in the Main beautiful rotunda overhead and some of the Terminal new options include Stage Deli 2006 Event Schedule newest slate of retail shops. You’ll also of New York (monster hot pastrami Our monthly program meeting date is discover a new In-Motion DVD movie sandwiches); Ben & Jerry’s; 360 Degree the first Wednesday of every month. rental; an expanded Minnesota! store; a Burrito (jumbo wraps); Famous Famiglia All meetings will be held at 8:00 a.m. Radio Road (women’s clothing) and Fly (everything authentically Italian); Charlie’s (registration at 7:30 a.m.) at the Babies store (children’s clothing); a Travel Philly Grill (the famous Philly Sheraton Bloomington Hotel unless Beauty (a full-service cosmetics, skin care Cheesesteak); and Wok & Roll (quick otherwise noted or publicized before and fragrance store featuring Clinique, serve Chinese food), along with some of the program. Program topics and Aramis and Estee Lauder products); an the tried and true stalwarts such as Burger location are subject to change. Everything ASAP (health and beauty aids); King and Chili’s. G2G (Gadgets to Go, just like it sounds); Wednesday, January 4 – Here are just a few eye-opening statistics and a and Sports Development regarding the economic impact of the Minnesota store. The new concepts soon- Wednesday, February 1 – airport in the local economy. The airport to-be-appearing at this juncture include a Geographic Focus Harley Davidson store, NASCAR serves more than 38 million passengers every year. It welcomed more than 6.5 Wednesday, March 1 – (branded merchandise), Tumi (luggage), Industry Trends Naturally Cashmere, Ike’s restaurant million visitors traveling through MSP last …yep, the same Ike’s as downtown!… year. These visitors spent nearly $3.7 Thursday, April 6 – and a Rock Bottom Brewery. billion in the Twin Cities visitor industry Legislative/Business Day at the Capitol msca news 2005 2 www.msca-online.com MemberPaul W. Anderson Profile

Primary Career Focus: Hobbies: Golf, boating, following professional Commercial Real Estate and college sports Law, with emphasis on Job history: 3 years in-house with a locally retail development, based, national real estate company; 17 ? years financing and leasing with Messerli & Kramer, P.A. 2005 LEADERSHIP Company: Messerli & OFFICERS Very first job: Delivering the Minneapolis Star Kramer, P.A. President starting at age 10 Paul Sevenich, CCIM, Kraus-Anderson Co. Title: Vice Dream Job: Growing up, I wanted to be a 1st Vice President President/Chair of Real Estate Department Sara Stafford, LandAmerica Commercial Services professional golfer 2nd Vice President Hometown: Hector, Minnesota and we now Secret Talent: Wedding singer Jay Scott, Solomon Real Estate Group reside in Burnsville. Treasurer Favorite food: Steak Ken Vinje, SCSM, Kraus-Anderson Co. Education: Gustavus Adolphus College, St. Secretary Peter, Minnesota, B.A.; William Mitchell MSCA Involvement: Member and golf Lisa L. Diehl, CCIM, Steiner Development College of Law, J.D. tournament sponsor. Looks forward to taking a DIRECTORS Wendy Aaserud, Madison Marquette more active role in MSCA in the coming years. Brett Christofferson, Weis Builders, Inc. Family: Wife, Mary Ann, and children, Amy, Gary Jackson, Retired/Consultant Scott, Nick, Breyenne, Tyler and Dalton Kevin Krolczyk, Dalbec Roofing, Inc. Cindy MacDonald, Kraus-Anderson Co. Robert Pounds, SCSM, Welsh Companies, LLC Mary Wawro, Ryan Companies US, Inc. Immediate Past President Michael G. Sims, United Properties COMMITTEE CO-CHAIRS Around the Marketplace Awards Retail Tidbits Ronn Thomas, United Properties Kim Meyer, Robert Muir Company Community Enhancement compiled by Tim Hilger, Diversified Acquisitions, Inc. Wendy Aaserud, Madison Marquette Tom Heuer, Aspen Waste Systems, Inc. ● Blockbuster, Inc. announced in November it CDs/DVDs (like GameStop), to get kids back Golf Chris Hussman, Aspen Waste Systems, Inc. lost $491.4 million in the third quarter of 2005. into the store with greater frequency. Luann Sawochka, Rochon Corporation It has cut spending, and is planning to raise ● Weak profits at Saks Fifth Avenue, Inc. Legislative $100 million through a private placement of Howard Paster, Paster Enterprises convertible bonds. If its credit line lenders do have the retailer considering selling its high end Todd Johnson, Steiner Development Saks Incorporated stores. Marketing and Communications not cooperate to private equity refinancing, then Matthew Mock, Braden Construction, Inc. the world’s largest video rental retailer may ● American Eagle recently released the name Tom McGannon, Edwards & Kelcey have to declare bankruptcy protection. Membership of its newest retail concept, Martin + Osa. Cynthia Hable, Kraus-Anderson Co. ● The final winner to buy ShopKo, and its The new concept will specialize in sportswear Sam Smolley, Smolley Consulting Group and denim, which allows the retailer to “grow” Newsletter subsidiaries including Pamida, was Sun Lisa L. Diehl, CCIM, Steiner Development Capital Partners, a Florida based investment with younger American Eagle customers. Ferne L. Sofio firm. Sun agreed to purchase ShopKo for $882 Program ● Walgreens announced the opening of its million. Sun owns all or a large portion of the Peter Berrie, Faegre & Benson LLP 5,000 U.S store. Tom Madsen, Benson-Orth Associates, Inc. following retailers: Rag Shop, Sam Goody, Retail Report and Wickes Furniture. ● Wal-Mart announced that in its coming Holly Rome, Jones Lang LaSalle Robert Pounds, SCSM, Welsh Companies, LLC ● fiscal year that they will add 60 million sf to its A Piper Jaffery survey on teen-age retail Technology spending concluded: the average teenager has present retail base worldwide, which equates to Cindy MacDonald, Kraus-Anderson Co. an annual personal budget of $3,400 ($50 approximately 8% of its currant sf. It will add Skip Melin, Colliers Turley Martin Tucker 280 Supercenters in the U.S., which includes Sponsorship billion spent in U.S retail). The average kid will Ned Rukavina, United Properties spend: $1,350 on fashions (girls will spend the expansion of 160 existing stores. Bill McCrum, Cuningham Group Architecture, P.A. $1,820 vs. boys $910); Nike is the #1 footwear ● MSCA STAFF In a recent study the fashion conscious Executive Director - Karla Keller Torp brand; accessories and personal care products French don’t like shopping in department (P) 952-888-3490 (C) 952-292-2414 amount to 17% of kids’ budgets; 7% of their stores. Only 20% of France’s retail spending [email protected] budget is for electronics. Associate Director - Stacey Bonine occurs in the traditional department store. A (P) 952-888-3491 (C) 952-292-2416 ● Kids prefer to download CDs/DVDs, which large part of department store sales are done [email protected] results in stagnant sales, this may explain why by tourists. The French prefer hypermarkets 8120 Penn Avenue South, Suite 114 Bloomington, MN 55431 Best Buy is considering buying back pre-used (the U.S. calls these “super stores”). (F) 952-888-0000 msca news 2005 3 www.msca-online.com ProgramMSCA November Recap Meeting by Betty Ewens, CLS, Kraus-Anderson Companies

ur November meeting highlighted results in the investment market, including the release of the MSCA Annual fewer sales in 2005, 12 as of the report ORetail Real Estate Report entitled date versus 23 in 2004. Explaining the “State of Retail”. In addition to the investment classes, Eric took the group updates presented by each speaker, through “Core”, “Core Plus”, and “Value attendees participated in a trivia game Added” terminology and inventory. Jay portion of the program. Scott, Solomon Real Estate Group, presented the latest outlook on Bob Pounds, Welsh Companies, LLC, development and redevelopment, complete restaurants to the market in such categories kicked off the presentation with an with a tour of this year’s newest additions as 10,000 + sf, under 10,000 sf, full overview of the current market, noting the in enclosed malls, lifestyle and community service restaurants and fast casual dining. state of retail is strong and dynamic, with centers, neighborhood centers and out state Caribou Coffee provided mugs and MSCA disciplined growth. Jerry Ciardelli, Erdahl development activity. The report closed provided gift certificates for the winning Aerial Photos, served as Master of with Linda Zelm, CLS, CCIM, Griffin team. For those of you who missed the Ceremonies for the competitive, interactive Companies and John Tramm, of the Griffin event, you can purchase a copy of the 2005 portion of the presentation. Eric Bjelland, Companies, leading an open discussion of Retail Report by downloading the order United Properties, then gave the latest new and expanding retailers and form from www.msca-online.com

Holiday2005 Holiday Update Season by Lisa Diehl, Steiner Development, Inc. ccording to a survey by BIG anticipation of higher than expected gift in turn, will curtail consumer spending. Research for the National Retail card purchases for post-holiday use. High fuel prices could pare discretionary AFederation (NRF), the average Despite all the worry about rising business spending. The household debt-service consumer plans to spend $738 this holiday costs in general, the retail industry burden, as calculated by the Federal season, up 5.1% from last year. The survey continues to be well-positioned for the Reserve Board, rose to 13.55% of is in line with NRF’s annual holiday sales holiday season with a relatively steady disposable income, a record high. forecast where they predict holiday retail consumer demand trend, inventory Discount retailers should do well again this sales to increase 5.0% over last year, positions that are largely in good shape and year. Consumers seem willing to shift their bringing the holiday spending to $435.3 prices that are still deflationary. spending to discount retailers, rather than billion. Sales last year rose by 6.7%. 15.3% of consumers have gotten a head close their wallets altogether. ICSC noted, in their annual holiday start on their holiday shopping this year. Online shoppers are clearly motivated by forecast, this holiday season for some Experts say retailers slashed prices promotions like free shipping and special retailers may be a “season of worry”. aggressively in October in an effort to online offers. These promotions will enable Christmas is the paramount factor in accelerate sales after hurricanes Katrina customers to save money while helping shaping the seasonal cycle and that and Rita and a slow back-to-school retailers maximize their holiday sales. This seasonal cycle is intertwined with the shopping season. Some worry that year, online retailers can expect a very jolly business cycle. This line of reasoning consumers have already spent their money holiday. 19% of online retailers expect suggests that seasonal demand will and may not be rushing out to go shopping holiday sales to double from 2004 and reinforce the business cycle dynamic. this month. As a result, a strong Christmas tends to another 54% expect to see growth between strengthen, and potentially lengthen, the SDI Weather/Trends projects December 20 and 25%, noted BizRate Research. will likely be colder than normal and seem- expansion in the subsequent year; a weak Consumers won’t have to wait until the ingly will mean higher energy expenditures performance during the holiday season has last minute to get the best deals this during a holiday-shopping month. the opposite effect on the economy. holiday season as retailers are expected to Retailers are entering into the holiday For the consumer, there are worries of be aggressive in their pricing strategies season with lean inventory and in falling home prices and net worth, which throughout the entire holiday season. msca news 2005 4 www.msca-online.com December Press releases are printed based upon availability Member News of space and relevance to the local market.

Acacia Real Estate celebrated her 15-year service anniversary entertainment will all be included to make Partners LLC with LandAmerica. shoppers feel like a million bucks. Admission is $5. An Acacia development project is located McCrum Joins in Owatonna where a 12,200 sf shopping Cuningham Group RSP Architects center just completed construction and will be open for business in December 2005. Bill McCrum recently joined Cuningham The National Trust for Historic Group Architecture, P.A. as a Senior Preservation recently announced the Grain Toni Reichow Promoted Project Manager. He will be working on Belt Brewhouse Renovation, designed by to V.P. restaurant and retail accounts. RSP Architects, was one of 16 projects selected from a field of 130 nominations LandAmerica is pleased to announce that / General nationwide to receive a 2005 National Toni Reichow has been promoted to Vice Growth Properties, Inc. Preservation Honor Award. President and Manager - LandAmerica Commercial Services for the Twin Cities. On December 4th 2005 from 5-8 pm, Grubb & Ellis / Northco Moves Reichow will continue overseeing the Ridgedale Center will host an Grubb & Ellis / Northco Real Estate daily operations of LandAmerica extraordinary night of shopping, “Real Services moved offices to 5353 (Commonwealth). She has over 30 years Simple’s Festival of Giving”. Special Wayzata Boulevard, Suite 650, of industry experience and recently store discounts, gifts, door prizes and Minneapolis, MN 55416.

Dalbec Roofing Wishes You A Happy Holiday Season!

msca news 2005 5 www.msca-online.com CommitteeResearch Committee Profile

he MSCA Research Committee, co-chaired by Holly Rome and Bob Pounds is responsible for researching, verifying and compiling the annual CO-CHAIRS: TMSCA Retail Real Estate Report and presenting the report at the Robert Pounds, Welsh Companies, LLC November MSCA program. This committee strives to gather accurate and Holly Rome, Jones Lang LaSalle pertinent data, improve MNCAR’s database, obtain industry information and MEMBERS: trends, and provide an enlightening and exciting program to present the annual Bob Barton, Kraus-Anderson Companies report to the public. Molly Bird, United Properties This year, the committee worked hard to redesign the retail report with the Eric Bjelland, United Properties intention of further improving the content. The Outstate Section of the report has Stephanie Carleton, Welsh Companies, LLC once again expanded this time to include the Moorhead/Fargo area. Two new Brandon Champeau, United Properties sections were added to the report overall: a section highlighting the past year’s Jerry Ciardelli, Erdahl Aerial Photos Gregg Erickson, CB Richard Ellis STARRSM Awards (Shopping Center Tribute Awards to Retail Real Estate) recipients and a Minnesota Retailer section, highlighting several of Minnesota’s Betty Ewens, Kraus-Anderson Companies publicly traded retailers. Lastly, they have discontinued the annual retail survey of Jan Goossens, Kraus-Anderson Companies MSCA’s members. The committee’s decision to do so was driven by the strength Jennifer Helm, United Properties of the information in the “Xceligent” database and the cooperation and assistance Dirk Koentopf, United Properties of many industry professionals. Jim Mayland, MNCAR Paul Sevenich, Kraus-Anderson Companies Kenneth M. Vinje, Kraus-Anderson Companies

RisingNever Fear Star – Geek Squad is Here! by Albi Albinson, Architectural Alliance

ndoubtedly, you have seen the A typical store layout includes the “civilian black, white and orange VW bugs area” where the customer enters into the Alliance, is working with Geek Squad Ucruising around town over the past store, with a drop off / pick up counter to on the rollout of the new stores. An few years. They carry the Geek Squad check in your ailing equipment as well as aggressive marketing campaign is also agents out to save the computing world. merchandise. An orange wall separates the underway to help spread the Geek Squad The idea started as a dedicated team “civilian area” from the “repair area”, with message nationwide. coming to your home or business to take a large window allowing for view into the www.bestbuy.com care of your computer ills. Now they are “repair area”. Diagnostic equipment is www.geeksquad.com expanding their presence nationwide by located within this space to properly clean, developing their own stores in which you test and recover data. Some of the larger can bring your ailing computer equipment stores offer a Training Area where classes Holiday Theft and have the agents repair it in the store. are held to introduce new technology to interested civilians. One in every 27.8 employees are There are several reasons for stand-alone apprehended for theft from their stores. The physical stores help to promote Locally there are two Geek Squad stores, employer. As bad as that sounds, the the Geek Squad brand, with the black, and more stores were opened recently in truth is worse. That number is just the white and orange oval logo, the “Computer markets such as Atlanta and San Jose. Best ones who are caught. According to the Support Task Force” tag line and the black Buy bought the concept from the founders Annual Retail Theft Survey conducted and white uniformed agents all combining in 2002 and has Geek Squad “precincts” by Jack Hayes International, the to reinforce the Geek Squad story. within all of its Best Buy stores, as well as number of shoplifters apprehended Pedestrians and drivers alike will become a presence in the new eq-life retail concept. and the dollars recovered from those more aware of the brand identity as they Geek Squad has its sights set on opening apprehensions increased for the fourth pass by the stores. Customers (“civilians”) an additional number of stand-alone stores. straight year. Only 2.74% of total can drop off their equipment on their own Local architecture firm, Architectural retail theft losses result in a recovery. schedule and pick up when repaired.

msca news 2005 6 www.msca-online.com Smart Tax Tip 2005 Holiday Season - Holiday Facts for December Home Spa accessories, electronics, denim and watches, Mini MP3 and IPod accessories, and If you’re looking for a last cell phones with MP3 will be hot this holiday season. minute deduction, consider giving a donation to The Some of the hot toys predicted by the Trade journal Toy Wishes to be most in demand this Caring Tree. holiday season: RoboticRobotic Tigger Tigger andand Elmo,Elmo, Furby,Furby, iZ,iZ, I-Dog,I-Dog, MagnaworldMagnaworld Magnacity,Magnacity, PixelPixel Chix, Leapster L-Max Learning Game System, Addcashmere to the sweaters second bullet..someand scarves, ofleather the hot laptop Visit www.caringtree.org to toys:bags, cashmereLincoln logs, sweaters Outdoor and fireplacesscarves, leather and George laptop Foreman bags, Lincoln grills. logs, Outdoor fireplaces make a donation. 88.7%and George of malls Foreman include grills. décor for Christmas and 11.3% Hanukkah. A Huge Thank You Most88.7% malls of malls have include extended décor holiday for Christmas hours, beginning and 11.3% on NovemberHanukkah 25th, the day after MostThanksgiving. malls have 91% extended of malls holiday will extend hours, their beginning holiday on shopping November hours. 25th, the day after MSCA would like to extend a huge thank you to Kraus- 84%Thanksgiving. of malls plan 91% to of organize malls will an extendactivity their to raise holiday money shopping for a charity hours. this year. The most Anderson and Aspen Waste popular activities for malls to raise money are Night of Giving, Toys for Tots, Giving Tree. 84% of malls plan to organize an activity to raise money for a charity this year. The most Systems for their assistance Lastpopular year activities the busiest for shoppingmalls to raise days money were Saturday, are Night December of Giving, 18th Toys and for Friday, Tots, Giving November Tree. with our office move. Last26th. year 9.2% the of busiest holiday shopping season sales days occurred were Saturday, on Thanksgiving December weekend.18th and Friday, November 25.3%26th. 9.2% of the of jewelry holiday sold season last sales year occurredwas sold onin December.Thanksgiving weekend. Search Me Jingle25.3% Bellsof the was jewelry the most sold frequentlylast year was played sold songin December. last year. Take charge of your credit Jingle Bells was the most frequently played song last year. card—check out these web 524,350 extra workers were hired by retailers during the 2004 holiday season. sites before you make your The524,350 holidays number represent of extra 20% workers of annual hired sales. by retailers during the 2004 holiday season. next charge. www.lowcards.com www.bankrate.com www.paulenglish.com/ivr DON’T FORGET TO RENEW YOUR 2006 MSCA MEMBERSHIP www.consumer.gov/idtheft

msca news 2005 7 www.msca-online.com Minnesota Shopping Center Association FIRST-CLASS MAIL U.S. POSTAGE 8120 Penn Avenue South, Suite 114 PAID Bloomington, MN 55431 MINNEAPOLIS, MN PERMIT NO. 27334

HAPPY HOLIDAYS! BEST WISHES FROM THE NEWSLETTER COMMITTEE!