Minnesota
Marcus & Millichap Arranges $8.5M Sale of Minnesota MF
Marcus & Millichap completed the sale of Highland Park, a 77-unit apartment property located in Fridley, Minnesota. The property sold… Read more
Chicago/Midwest People & Company News, week of June 14, 2024
Chicago-based Glenstar, a national commercial real estate developer, owner and property manager, today announced it has launched Strategic Office Operator… Read more
JLL Closes Sale of Minneapolis Townhomes
JLL closed the sale of Shalimar Estates, a 48-home townhome community located in Burnsville, Minnesota. The JLL Capital Markets Investment… Read more
Celebrity Chef to Open Two Restaurants in DT Minneapolis
Sherman Associates, Justin Sutherland, and Restore Restaurant Holdings plan to open Pearl & the Thief in the Mill District along… Read more
Davis Healthcare Real Estate Opens 100K-SF Medical Facility
Davis Healthcare Real Estate has announced the formal opening of Lakeville Specialty Center, a 100,500-square-foot medical building at 18645 Orchard… Read more
CBRE Arranges Sale of Minnesota MF to Nuveen
CBRE has arranged the sale of The Barrington, a 282-unit multifamily property in Woodbury. Nuveen Global Investments LLC purchased the… Read more
EQT Buys 20 Industrial Properties from Prologis
Radnor, Philadelphia-based EQT Exeter, a global real estate manager, has acquired 20 industrial properties strategically located in Minneapolis, with plans to… Read more
Median Apartment Rents Post Ninth Consecutive Y-O-Y Decline
The median asking rent nationally for 0-2 bedroom apartments declined -0.7% year-over-year from April 2023 to $1,723 and declined across all… Read more
Minneapolis Affordable Housing Opens as Part of Mill District Redevelopment
A new affordable living community in Minneapolis Mill District, Ladder 260, is now open as progress continues redeveloping the city… Read more
JLL Tapped to Market Minneapolis Boutique Office Building
JLL is leading the sales efforts for The Maytag, a 36,501-square-foot boutique office property in Minneapolis’s North Loop district. Saturday… Read more
RL Cold, Graycor to Deliver Minneapolis Cold Storage Facility
RL Cold, a division of RealtyLink, LLC, broke ground on The Lakeville build—a 292,000-square-foot cold storage facility located in Minneapolis.… Read more
Transwestern Brokers Sale of 65K-SF Church in MN
Senior Vice President Eric Rapp with Transwestern Real Estate Services represented the Kingdom Embassy Worship Center in the organization’s purchase… Read more
CBRE Arranges $100M Recapitalization for Industrial Portfolio
CBRE has arranged a $100 million recapitalization of a 36-property industrial service facility portfolio in a joint venture between Wayzata,… Read more
Sanford Health MOBs Trade in Bemidji
Marcus & Millichap recently closed the sale of Sanford Health Clinic Portfolio, two neighboring medical buildings consisting of 74,700-square-feet, located… Read more
WeWork Files to Assume 16 Leases Across US, Canada
WeWork is planning to save more locations as it emerges from its Chapter 11 proceedings. With a recent injection of $450 million,… Read more
Chicago, Midwest | Weekly People & Companies for May 3, 2024
TMG Real Estate Advisors (TMG) announced the promotion of Andris Lizenbergs, Rob Prioletti and Jimmy Yfantopulos. Since last year, they have… Read more
Madison Equities Selling Downtown St. Paul Portfolio
Madison Equities, downtown St. Paul’s largest property owner, is marketing six office buildings in addition to two parking ramps for… Read more
Can Legislators Step In Against Institutional Home Buyers?
Institutional investors first stepped in to buy single-family homes after the Great Financial Crisis. Plenty of foreclosed and empty homes… Read more