Upscale Apartment Property Trades in Minneapolis Suburb
CBRE has arranged the sale of RiZE on Grand, a 275-unit apartment community located in Burnsville, MN, a suburb of Minneapolis. LeCesse Development Corporation sold the property to The Connor Group for an undisclosed sum.
Keith Collins, Abe Appert, and Ted Abramson from CBRE Minneapolis Multifamily represented LeCesse Development in the sale.
“Investors were attracted to this best-in-class asset because of its well-connected suburban location and the favorable market trends in Burnsville,” said Collins. “This is the second time LeCesse Development has sold a Twin Cities apartment community to The Connor Group, having sold City Walk Apartments (453 units) in Woodbury to them in 2019.”
Located at the highly visible intersection of Interstate 35W/35E, RiZE on Grand is the first upscale, fully amenitized apartment community to be built in Burnsville in more than two decades. The property opened in 2021.
Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces.
Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications.
Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).
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