Minnesota
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
Ryan Companies Will Design-Build New Multi-Purpose Arena at University of St. Thomas
Ryan Companies US, Inc. was selected as the design-builder, in partnership with Crawford Architects, for the Lee and Penny Anderson Arena at University… 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
Merchants Capital Furnishes $77M for St. Paul Affordable Development
Multifamily financing provider Merchants Capital provided more than $77 million in financing for the development of Soul, an affordable, mixed-use development in… 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
Four Tucson Bowling Centers Sell for Nearly $10M
Triple Shift Entertainment recently purchased four Tucson Bowling Alleys. Triple Shift Entertainment already owned ten bowling alleys in Minnesota. The… 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
Retail Shrinkage: Small-Format Store Benefits
The 1990s and early 2000s was the time of big-box stores and supercenters. But by the mid-2010s, this trend backpedaled.… Read more
Artemis Real Estate Partners’ $1B JV Buys Portfolio of 12 Medical Office Buildings
Chevy Chase, MD-based Artemis Real Estate Partners — in a $1-billion joint venture with Jupiter, FL-based Rendina Healthcare Real Estate… Read more
Rendina Healthcare Real Estate’s $1B JV Buys Portfolio of 12 Medical Office Buildings
Jupiter, FL-based Rendina Healthcare Real Estate — in a $1-billion joint venture with Chevy Chase, MD-based Artemis Real Estate Partners… 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