Bloomington
Clear Height, Harbert Acquire Minnesota Industrial Complex
A joint venture partnership between Oak Brook-based real estate investor Clear Height Properties and Harbert U.S. Real Estate has acquired… Read more
Midloch, Fountain Real Estate Sell Last-Mile Industrial in Minneapolis Suburb
Midloch Investment Partners and Fountain Real Estate Capital have sold “Last Mile Penn Industrial” at 9231 Penn Ave. So. in… Read more
KBS Signs Insurer to 49K-SF Renewal in Minneapolis Suburbs
KBS said that SFM Mutual Insurance Company has renewed its lease for 49,490 square feet at Northland Center, a two-building, 492,514 square-foot,… Read more
St. Louis, Other Metro Areas Rank High as Multifamily Markets to Watch—for Distress
Trepp has identified the St. Louis metro area as the number one multifamily market to watch in 2023. In this… Read more
Thompson Thrift Will Develop First Twin Cities Project
Thompson Thrift will begin construction on The Meridian at CityPlace, a 91-unit Class A townhome-style community in the Minneapolis suburb… Read more
San Antonio Office Properties Breathe Easier with UL Rating
KBS recently committed to the verification of 16 million square feet of class-A office space in its client portfolio to… Read more
Digital Consultancy Inks Twin Cities’ Largest Office Lease YTD
NKF recently arranged a 65,000-square-foot office lease to Nerdery at 7700 France Ave. in Edina, MN. The deal reportedly is… Read more
Consulting Firm Renews Twin Cities Offices with KBS
Avtex, a customer experience consulting firm, has renewed its 26,000-square-foot headquarters lease at Northland Center in Bloomington, MN, part of… Read more
Black Bear Capital Arranges Refi’s on Multifamily, Student Properties
Black Bear Capital Partners (BBCP) recently arranged $38.4 million in permanent financing on behalf of various owners to refinance student housing and multifamily properties throughout… Read more
Greystone Provides $31M to Add Affordable Units in MN
Greystone provided a $30,821,000 Freddie Mac Forward Tax-Exempt Loan to help finance the addition of 172 units to an existing… Read more
Redwood Capital Recaps Twin Cities Multifamily
Redwood Capital Group, LLC, a Chicago-based multifamily investment firm, has closed on the recapitalization of Hampshire Hill, a 534-unit apartment community in… Read more
Kraus-Anderson Expands Twin Cities Seniors Campus
Kraus-Anderson has begun a $114.5-million expansion of Friendship Village, a senior living campus in the Twin Cities suburb of Bloomington,… Read more
SARA Investment Picks Up Twin Cities Retail
Stan Johnson Company (SJC) completed the sale of Penn American Retail Center, a 58,531-square-foot strip shopping center in the Twin… Read more
KBS Completes Pair of MW, SE Sales; Inks CushWake MW Renewal
Newport Beach, CA-based KBS divested two office assets and executed a lease renewal with Cushman & Wakefield. Emerald View at… Read more
Artis REIT to Buy Prime Therapeutics’ New Minnesota HQ for $100M
Canada’s Artis REIT is acquiring an under-construction HQ for Prime Therapeutics in Eagan, MN from developer United Properties for $98.5… Read more
Public Storage Boosts Twin Cities Presence
Glendale, CA-based Public Storage recently acquired six storage locations in downtown Minneapolis and in surrounding suburbs. The rebranded storage locations… Read more
Oz Furnishes Senior Debt for Twin Cities Cambria Hotel Project
Choice Hotels’ third Twin Cities-area Cambria project will move forward with senior construction financing provided by an affiliate of Och-Ziff’s… Read more
Travelliance Joins Tenant Roster at KBS’ Northland Center
Travelliance, which provides corporate lodging solutions for airlines and workforce travelers, has signed up for 13,335 square feet at Northland… Read more
Duke Proposes 540K-SF Facility Near Twin Cities
Duke Realty proposes to build two office-warehouse facilities in a planned four-building, 540,042-square-foot business park in Maple Grove, MN, which… Read more