Minneapolis
CORFAC International Adds Nine Member Organizations
CORFAC International, the global network for independently owned commercial real estate firms, said its membership grew by nine firms in… Read more
Link Logistics’ Jack Hennessey Surveys the Industrial Leasing Market of 2023
Connect Industrial Midwest 2023, scheduled for Feb. 22 at Joe’s Live in Rosemont, IL, will present insights from a variety… Read more
Transwestern Puts Mike Salmen in Charge of Midwest Capital Markets
Transwestern Real Estate Services has charged industry veteran Mike Salmen with service delivery strategy and operational oversight of the firm’s Midwest… Read more
Landmark Properties Enters Minneapolis with Student Housing Project
Landmark Properties has unveiled plans for its first development in Minnesota in a prime commercial district of Minneapolis. The Standard at Dinkytown is… Read more
Private Capital Gravitates to Emerging Life Sciences Markets
Private capital funding has accelerated growth in the life sciences sector over the past decade, Cushman & Wakefield’s Sandy Romero… Read more
Northmarq Arranges Refi for Apartments in Twin Cities’ Far Western Suburbs
Michael Padilla, SVP in Northmarq’s Minneapolis office, arranged a $6,843,000 refinance for Evergreen Square Apartments. The multifamily property consists of… 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
Founders Properties Takes 325K-SF Class A Logistics Facility in High Point
Real estate investment company Founders Properties, LLC has purchased a Class A industrial facility totaling 324,650 square feet at 210… Read more
Historic Minneapolis Apartments Land Refi via Northmarq
Northmarq SVP Mike Padilla secured $9.5 million in refinancing for Isles East and West, an 85-unit apartment complex in Minneapolis.… Read more
CBRE Hotels Capital Markets Institutional Group Arranges $514M Sale of 65-Hotel Portfolio
Atlanta, GA-based CBRE Hotels Capital Markets Institutional Group has arranged the sale of a 65-property, 7,865-key hotel portfolio located across… Read more
Service Properties Trust Sells 65-Property Sonesta Hotel Portfolio for $514M
Newton, MA-based Service Properties Trust has sold a 65-property, 7,865-key hotel portfolio located across 27 states for a total consideration… Read more
Marcus & Millichap Seals Deal for St. Paul Apartments
Marcus & Millichap finalized the sale of Lincoln Court Apartments, a 32-unit multifamily complex in St. Paul, MN. The asset… Read more
United Properties Names New CEO and Chief of Staff
United Properties, one of the largest real estate investment and development companies in the Midwest, has promoted Matt Van Slooten to… Read more
Piper Sandler Leases 113K SF at New Hines Offices in Minneapolis
Hines and partners AFL-CIO Building Investment Trust and Marquee Development said Piper Sandler & Co. has signed a 15-year lease… Read more
Trammell Crow To Build Austin Apartment Tower
Trammell Crow Company (TCC) plans to build a 20-story apartment building at the Domain in northern Austin, across from Austin… Read more
Davis to Develop Multispecialty Clinic in Eagan
Minneapolis-based developer Davis said it would soon begin construction on a 35,000-square-foot multispecialty clinic and ambulatory surgery center (ASC) in Eagan, MN.… Read more
Bridge Investment Group Adds St. Louis Park Offices to Minneapolis Portfolio
Bridge Investment Group LLC’s subsidiary Bridge Office Fund acquired 10 West End, an 11-story, 343,000-square-foot Class A office building in St. Louis Park,… Read more
Tax Credit Multifamily Complex Trades in Minneapolis Suburbs
Marcus & Millichap arranged the sale of Lakeview Commons, a four-building, 64-unit multifamily tax credit asset in Plymouth, MN, a… Read more
CBRE: Seattle #7 in U.S. for Office Building LEED Certification
LEED-certified office buildings command a 4% rent premium over their non-certified peers, according to a new CBRE report, and Seattle… Read more