Minnesota
Suburban Sprawl Puts Financial Strain on Both Cities and Suburbs
America’s suburbs are sprawling again, driven in part by migratory patterns brought on by the pandemic. Last year, single family… Read more
Ryan Acquires Three-Building Minnetonka Portfolio
Colliers Minneapolis-St. Paul’s Office and Industrial Investment Services Team arranged the sale of a three-property industrial portfolio totaling 168,315 square… Read more
H5 Data Centers Acquires Seven Properties from vXchnge
By Ted Jackson Edge data center and carrier hotel provider H5 Data Centers has acquired data centers located in Nashville, Philadelphia, Pittsburgh,… Read more
CBRE Arranges Deal for Lakefront Apartments in Duluth
CBRE arranged the sale of ENDI Apartments, a 142-unit multifamily property at 2120 London Rd. along Lake Superior in Duluth,… Read more
A-Rod’s Monument Capital Makes Fifth Minnesota Acquisition
Monument Capital Management, an A-Rod CORP company, finalized the $19.75-million acquisition of Ridgebrook Apartments, a 144-unit multifamily community at 5840… Read more
Infill MOB Fetches $15M in St. Paul
CBRE arranged the sale of University Crossing, an 84,150-square-foot medical office and industrial technology property at 2200 University Ave. W… Read more
Ryan Companies Trades Six-State MOB Portfolio
Ryan Companies US, Inc. sold a portfolio of medical office assets to Harrison Street for an undisclosed sum. The portfolio comprises 11… Read more
Marcus & Millichap Closes Sale of Twin Cities LIHTC Property
Marcus & Millichap closed the sale of Park Edge Apartments, a 51-unit, Section 42 Low Income Housing Tax Credit apartment… Read more
BKM Logs 25th Acquisition in Phoenix Metro
Newport Beach-based BKM Capital Partners recently acquired Scottsdale Commerce Center, a four-building multi-tenant light industrial business park totaling 85,362 square… Read more
Merchants Capital Closes on Tax Credit Equity Funds
Merchants Capital has closed on two tax credit equity funds totaling more than $233.4 million. They include the $172.5-million Fund V, the Carmel, IN-based… Read more
NAI Legacy Completes Syndication of $43M DST Portfolio
NAI Legacy has fully subscribed the $42.5-million Essential Net Leased Midwest DST offering. As a sponsor of the DST, Minneapolis-based NAI Legacy helped 50 1031 Exchange investors from 18 states:… Read more
Morgan Stanley Fund Enters Multibillion-Dollar Student Housing JV
Student housing owner Global Student Accommodation (GSA) has formed a multibillion-dollar joint venture partnership with a fund advised by Morgan Stanley Real Estate… Read more
CBRE Arranges Sale of Suburban Minnesota Apartments
CBRE has arranged the sale of Marion Street & The Brittanys apartments, a 277-unit multifamily property located in a suburb of Saint Paul. The property was sold to Summit Acquisitions for an undisclosed sum. Ted Abramson, Keith Collins, and Abe Appert from… Read more
Common Expands Footprint to Twin Cities
Common, a residential brand that designs, leases and manages multifamily properties globally, is expanding to the Twin Cities via ACKERBERG at ALVERA, located at 337 W. 7th… Read more
PCCP, Watermark Will Develop Single-Family Rentals in Twin Cities
A joint venture of PCCP, LLC and Watermark Companies will develop Canvas at Woodbury North, an 89-unit single-family for-rent (SFR)… Read more
JLL Arranges $690M Financing on BREIT Industrial Portfolio
A Dallas-based JLL Capital Markets team arranged a $690-million financing on behalf of Blackstone Real Estate Income Trust for a portfolio of… Read more
Connect Webinar: The Midwest’s Hot Industrial Markets are Everywhere in the Region
Where are the hottest industrial markets in the Midwest in late 2021? “I think they’re all hot in the Midwest right now,… Read more
CED Greentech Signs Prelease at Buda Midway Ahead of 2022 Completion
CED Greentech recently signed a prelease for 38,840 square feet at Buda Midway at 1795 Fire Cracker Dr. in Buda,… Read more
JLL Forges Minneapolis Brokerage Partnership with WeWork
JLL has been selected as the exclusive broker for WeWork in three buildings throughout Minneapolis. The leasing assignment encompasses 235,732 square feet. Ranging from individual suites to… Read more