Minnesota
Pebb Sells Twin Cities Tesla Facility
Boca Raton, FL-based Pebb Enterprises completed the $9.12-million sale of a new Tesla Service Plus location in Maplewood, MN, a Twin… Read more
JV Plans to Acquire $500M of MOB and Ambulatory Assets
The leaders of a newly formed medical office building (MOB) investment platform, MedCraft Investment Partners (MIP), say they plan to… Read more
Life Time Muscles Ahead with Manhattan Expansion
Although COVID-19 has turned the fitness industry upside down in New York City, Life Time is forging ahead with plans to… Read more
Single-Tenant Net Lease Cap Rates Reach New Lows
Cap rates for single tenant net lease retail, office and industrial reached new all-time lows in the fourth quarter, the… Read more
Law Firm Commits to 178K SF with KBS in Minneapolis
KBS has leased approximately 178,000 square feet to law firm Fredrikson & Byron in RBC Plaza at 60 South Sixth in downtown… Read more
Boston-Based STAG Industrial Makes Twin Cities Buy
JLL Capital Markets closed the $14.55-million sale of a 102,994-square-foot distribution facility at 8175 Jefferson Hwy. in the suburban Minneapolis community of… Read more
Davis Launches Investment Fund with Buy of Eight MOBs
Minneapolis-based Davis launched its new medical real estate investment fund with a series of 13 transactions totaling 536,362 square feet… Read more
Opus Commences Construction on Goodyear Spec Industrial
Minneapolis-based The Opus Group commenced construction on Goodyear Airport 85, a 275,000-square-foot speculative industrial development in Goodyear. The vacant 19-acre… Read more
Merchants Capital Finances Market-Rate Build in Minneapolis
Merchants Capital provided more than $21.5 million in financing for a Minneapolis apartment complex currently under construction, The Bessemer at… Read more
TMC Sells Four Twin Cities Multifamily Properties
CBRE has finalized the sale of a four-property portfolio totaling 104 units in the Minneapolis area. The properties were sold… Read more
Ray Oborn Joins American Healthcare Investors
Irvine-based American Healthcare Investors expanded its leadership team with the addition of Ray Oborn as an EVP, asset management. He… Read more
Women in Real Estate 2020: Lee & Associates’ Ra’eesa Motala Leads Through Initiative and Respect
As the only female commercial real estate broker in Lee & Associates’ Minneapolis office until quite recently, and youngest to… Read more
Ulta, Target Will Partner on Hundreds of Mini-Stores
Bolingbrook, IL-based Ulta Beauty and Minneapolis-based Target Corporation have formed a strategic, long-term partnership for Ulta to open mini-stores inside… Read more
Harbor Bay Sells Luxury Apartments Near Mayo Clinic
CBRE arranged the sale of Preserve on Maine, a 205-unit luxury multifamily property located at 4010 Maine Ave. SE in… Read more
Vantage Builders Promotes Gutierrez to Sr. Project Manager
Waltham, MA-based Vantage Builders promoted Carlos Gutierrez to senior project manager. Gutierrez, who joined Vantage in 2018, will be responsible… Read more
Baceline Acquires Retail Centers in Three States
Baceline Investments, LLC, acquired three retail properties near Cleveland, Chicago and Minneapolis for an undisclosed sum. It marks a return… Read more
Brennan Forges JV with Arbah Capital
JLL Capital Markets arranged a Shariah-compliant joint venture equity partnership and $22.9 million in debt financing for the acquisition of… Read more
New-Build Minneapolis Apartments Land $43M Refi
Hunt Real Estate Capital, a division of ORIX Real Estate Capital, provided a $43-million Fannie Mae DUS Conventional Multifamily loan… Read more
Principal Financial Commits to 45K SF in Minneapolis
Cushman & Wakefield represented owner Lingerfelt Commonwealth Partners in leasing 45,480 square feet of Class A office space to Principal… Read more