Minnesota
Despite Progress, Fed Officials See Long Recovery Ahead
Federal Reserve officials on Friday tempered expectation for economic recovery from the COVID-19. In separate digital forums, Fed Chairman Jerome… Read more
W&D Webcast: CoStar’s Florance Says It’s “Early Days” for Digital Impact
He’s increased his company’s market cap a thousand-fold since 1998, to what is now nearly $26 billion. The company owns… Read more
Colliers Finalizes Acquisition of MN-Based Dougherty
Colliers International completed its previously announced acquisition of a controlling interest in Dougherty, including Dougherty Mortgage, Dougherty Funding, Dougherty &… Read more
S&H Realty Ends 25-Year Hold on Corpus Christi Apartments
Berkadia arranged the sale of Regency Square, a 240-unit garden-style multifamily property in Corpus Christi, for an undisclosed sum. Kelly Witherspoon and… Read more
Evergreen Adds Nearly 1,000 Units to Management Portfolio
Evergreen Real Estate Group has been retained to manage affordable housing communities comprising a total of 971 units across Illinois, Minnesota, Ohio, Pennsylvania… Read more
Archway Properties Lands Fourth Retailer at Park Air 59
Archway Properties will break ground in mid-May on a build-to-suit retail building for Northern Tool + Equipment in Park Air… Read more
CEDARst Acquires Minneapolis Site for Adaptive Reuse
CEDARst Companies has completed the acquisition of two adjoining historic properties and a land site in the North Loop section… Read more
Hanley’s Lefko and Asher Sell BofA Branch in Twin Cities
Hanley Investment Group Real Estate Advisors completed the sale of a newly- constructed, single-tenant Bank of America in the Twin Cities… Read more
Vacant Mercer Island Redev Site Snagged for Nearly $47M
Minneapolis-based Ryan Cos. and Seattle-based HAL Real Estate acquired a nearly six-acre property on Mercer Island for $46.45 million. The… Read more
Midwestern Governors Pledge Joint Effort to Reopen Region’s Economy
Illinois Gov. JB Pritzker and his counterparts in Michigan, Ohio, Wisconsin, Minnesota, Indiana and Kentucky said Thursday that they’ll work… Read more
Sonova Signs with Stanton Road in Aurora
Colliers International | Chicago’s Sven Sykes, Tom Volini and Brent Jacob represented Sonova in its new 63,647-square-foot lease at Stanton Road… Read more
United Properties Adds Austin to Operating Locations
Minneapolis-based development company United Properties will establish a development office in Austin, and has hired local industry veteran Josh Delk as… Read more
Brennan Promotes McCarthy to Focus on Milwaukee, Minneapolis Buys
Brennan Investment Group promoted Luke McCarthy to senior associate, with a focused responsibility to acquire industrial assets in the Milwaukee/Minneapolis markets. McCarthy is… Read more
Dougherty Lends on Acquisition of Arlington Apartments
Dougherty Mortgage recently closed a Fannie Mae loan for the acquisition of 2121 Apartments in Arlington, TX. Terms of the… Read more
NAI Legacy Closes on Apartments in MN O-Zone
NAI Legacy recently closed on Birdtown Flats, a new luxury apartment building in Robbinsdale, MN, for a reported $42.75 million… Read more
NorthMarq’s Garfinkel Arranges $42M in Debt on Retail in Midwest, Northwest
St. Louis-based NorthMarq Capital SVP David Garfinkel secured $42.3 million in financing for three retail properties in Tacoma, WA, St.… Read more
Adaptive Reuse Loft Apartments Trade in Downtown St. Paul
JLL Capital Markets closed the sale of Rayette Lofts, an 88-unit, mid-rise adaptive reuse residential and retail property in downtown… Read more
Investor Interest Turns the Midwest into a Multifamily Hot Spot
By Paul Bubny Few regions of the U.S. have seen quite the uptick of investor interest that the Midwest has… Read more
Boulder Group Closes AT&T Store Deal in Twin Cities
The Boulder Group completed the sale of a new construction net-leased AT&T property located at 3070 White Bear Ave. in the Twin Cities… Read more