Minnesota
OnTrac Expands E-Commerce Delivery Network to Chicagoland, Midwest
E-commerce parcel carrier OnTrac has expanded its delivery network into the Midwest. The added delivery coverage will stretch beyond Chicagoland… Read more
Standard Communities Makes First Investment in Minnesota
Standard Communities, a national multifamily housing investor and developer, has made its first investment in Minnesota, acquiring Rivertown Commons, a… Read more
Chicago/Midwest People & Company News, week of July 19, 2024
Lamar Johnson Collaborative (LJC) announced the hiring of Lisa Dziekan as Principal, Economic Development. Dziekan brings extensive experience and a… Read more
M&M Arranges Sale of Target-Shadowed Retail Property in Rochester
Marcus & Millichap the sale of a Target-shadowed retail strip located in Rochester, Minnesota. The property sold for $4.243 million. … Read more
Newmark Secures Equity for Tailwind Group, Acquires Student Housing Near KU
Newmark has arranged a structured equity facility to finance programmatic student housing acquisitions throughout the U.S. Newmark secured the continuing… Read more
Driftwood Hospitality Tapped to Manage $75M Hilton Hotel in Louisville
Driftwood Hospitality Management (DHM) will assume management operations for the Canopy by Hilton Downtown Louisville, a $75 million, 168-key hotel… Read more
Davis Announces Opening of Eagan Specialty Center
Davis Healthcare Real Estate has announced the formal opening of Eagan Specialty Center, a 36,100-square-foot Class A surgical facility at… Read more
Chicago/Midwest People & Company News, week of July 12, 2024
Colliers has added Jim Rock, CCIM, as senior vice president and Suzanne Schefcik, as vice president, to its Retail Services… Read more
PLG Closes $7M in C-PACE for $38M Senior Living Capital Stack
PACE Loan Group closed a $7.1 million PACE Loan on a 134-unit new construction, market-rate senior living facility in St.… Read more
Marcus & Millichap Brokers Sale of ND SureStay Hotel
Marcus & Millichap closed the sale of a SureStay Plus Hotel property located in Minot, North Dakota. “Certain North Dakota… Read more
Valuation Declines on Distressed Properties Now Average 43%
Valuations on distressed properties as of midyear 2024 have declined an average of 43% from their original issuance, CRED iQ… Read more
Marcus & Millichap Closes Sale of Pine Grove Resort in Wisconsin
Marcus & Millichap has closed the sale of Pine Grove Resort, a 45-room hotel property located on the shores of… Read more
Wells Fargo Breaks Ground on Minneapolis MXU Affordable Housing
Wells Fargo and Project for Pride in Living will break ground on a mixed-use affordable housing development in South Minneapolis.… Read more
Transwestern Markets 32-Acre Site in Bloomington
Transwestern Real Estate Services (TRS) has been retained by Bethany Global University to market and sell its 32-acre campus in… Read more
Värde Provides $185M Refi for 20-Property Self-Storage Portfolio
Värde Partners, a global alternative investment firm, has provided a $185 million loan to refinance a multi-state self-storage portfolio to… Read more
PARIC Holdings Acquires Corporate Concepts
PARIC Holdings, a St. Louis-based parent company of several design-build firms, has acquired Chicago-based Corporate Concepts, a large Midwest contract… Read more
CBRE Arranges Lease for Medical Company in Minneapolis Suburb
CBRE has arranged a 12,827-square-foot lease for Life Link III, a nonprofit medical air transportation company, at Shoreview Business Campus,… Read more