Minnesota
Northmarq Secures $42M Loan on Mankato Student Housing
Andy Finn, SVP in Northmarq’s Minneapolis-based debt/equity office, arranged $41.61 million in financing for The Grove at Mankato. The 524-unit… Read more
Meritex Completes Redevelopment at Twin Cities Industrial Park
Meritex, through its Industrial Fund IV, has completed redevelopment of its newest Twin Cities acquisition, Parkers Lake Commerce Center, a… Read more
Timberland Partners Acquires $42M Prattville Residential Complex
Cushman & Wakefield has arranged the $42-million sale of Highland Lakes, a 224-unit multifamily property located in the Montgomery submarket… Read more
CRG Launches Minnesota’s Biggest Spec Industrial
CRG has started construction on The Cubes at French Lake, CRG’s first super-bulk inventory distribution facility in Minnesota and the largest… Read more
CEDARst Lines Up Financing for Minneapolis North Loop Tower
CEDARst Companies closed on $170 million in capital with plans to develop Duffy 2.0, 358 apartment units above 40,000 square… Read more
Patty Proshek Joins Avison Young as Director of US Property Management Accounting
Avison Young said Thursday that Patty Proshek has joined the firm as director, U.S. property management accounting. Based in Minneapolis,… Read more
Minneapolis Industrial Investor Meritex Closes Fund IV After Reaching $100M Target
Minneapolis-based industrial investment firm Meritex has closed the commitment period for Meritex Industrial Fund IV with the fund achieving its… Read more
Walker Webcast: QB Taylor Heinicke on Overcoming Odds, Perseverance and Consistency
Taylor Heinicke is not your typical American football quarterback. For one thing, he’s shorter than the average quarterback. He didn’t… Read more
Churchwick Partners, Rockledge Complete Sonesta Portfolio, Buying Hotels in Missouri, Minnesota and Michigan
In conjunction with Churchwick Partners, David Kaye and Joe Listhaus of Rockledge completed their Sonesta portfolio acquisition by adding another… Read more
Northmarq’s Brett Hood Arranges $200M Recap
Brett Hood, managing director at Northmarq’s Chicago debt/equity office, secured a $199,088,900 recapitalization of 17 multifamily properties in Iowa, Nebraska… Read more
City Center Realty in JV With Contrarian Capital Sells Edina, MN Office Building
Developer City Center Realty Partners, in a joint venture with Contrarian Capital Managment has sold a 45,277-square-foot office building in… Read more
Chicago-Based JLL Team Arranges Financing for 17-State Industrial Service Portfolio
JLL Capital Markets arranged $61 million in acquisition financing for an industrial portfolio comprising nearly two-dozen last-mile, cross-dock truck terminals… Read more
Design Firm Nelson Worldwide Elevates Bevan Bloemendaal to Brand Chief
As part of an ongoing strategic effort to reorganize under a practice-led model, Minneapolis-based Nelson Worldwide, award-winning architecture, design, and… Read more
JLL Capital Markets Closes on Nationwide Portfolio of Grocery Anchored Retail Venues
JLL’s Capital Markets group has closed on the $278.153-million sale of a portfolio comprising eight grocery-anchored retail properties totaling 687,000… Read more
CRG Raises $450M in Equity Toward New Projects
CRG, the development arm of Chicago-based Clayco, has completed fundraising for a $300-million equity fund that will invest in its… Read more
Newport Capital Partners Eyeing Neighborhood Retail Plaza Deals in Carolinas, Texas and Florida
Chicago-based Newport Capital Partners, longtime niche specialists in neighborhood retail plazas, having just bought Elston Logan Plaza in Chicago’s trendy… Read more
Marcus’ Berengaria Partners with Hempel to Acquire The Shoppes on Main in Rochester, MN
Berengaria Development, a portfolio company of Marcus Investments, has partnered with Rochester native Joshua Krsnak, CEO of Minneapolis-based Hempel Real… Read more
Twin Cities Industrial Portfolio Scores $143M Recap
CBRE has arranged the sale and recapitalization of an 11-building, 1,389,949-square-foot industrial portfolio in the suburbs of Minneapolis. The transaction… Read more
Edina, MN 11-Acre Business Campus Gets Big Makeover; Newmark Signs First New Tenants
A recently transformed office building in Edina, MN illustrates that urban-inspired, modern design with first-class amenities can draw tenants to… Read more