Minnesota
DFA’s $400M Manhattan Deal Puts Portfolio Past $3B Mark
Deutsche Finance America (DFA) now has $3 billion of closed investments in the U.S., following the $400-million off-market acquisition of 530… Read more
High Street Launches MXU in Minneapolis’ Lake Nokomis Area
High Street Residential (HSR), the residential subsidiary of Trammell Crow Company, launched construction on a mixed-use development in the Lake… Read more
Minneapolis Moxy Hotel Lands $12M Refi
JLL Capital Markets arranged a $12.3-million refinancing for Moxy Minneapolis Uptown, a 125-room Marriott-branded boutique hotel in the Uptown submarket… Read more
Max Benjamin Secures Debt for St. Paul Redevelopment
Max Benjamin Partners (MBP) secured a $14.36-million loan for the purchase and first five floors of redevelopment of a vacant 16-story, 189,457-square-foot… Read more
Construction Begins on Timbers at Hickory Tree
Dominium began construction on Timbers at Hickory Tree, a 216-unit, affordable housing complex situated in the eastern Dallas suburb of… Read more
David Wright Joins NKF in Minneapolis Office
David Wright has joined NKF as director of management services in the firm’s Minneapolis office. His responsibilities include driving the strategies of NKF’s… Read more
Dominium Takes Ownership of 260-Unit Parkside Point, Plans Upgrades
Dominium Apartments of Minneapolis expanded its Houston portfolio with its buy of Parkside Point, a 260-unit affordable apartment complex on… Read more
Xenia Lands Recently-Built Hyatt Regency in PDX for $190M
Orlando-FL-based Xenia Hotels & Resorts acquired the 600-room Hyatt Regency Portland at the Oregon Convention Center for $190 million. The… Read more
PRP Real Estate Pays $145M for 3M Buildings
Two office buildings in North Austin leased by 3M Co. now have a new owner. PRP Real Estate Investment Management… Read more
Sanford Health Will Break Ground on MN Heart Center
Sanford Health will break ground this spring on a new heart and vascular center at the Sanford Bemidji Medical Center… Read more
LCN Sells Former Shopko Warehouse in Omaha
LCN Capital Partners sold the 535,000-square-foot former Shopko Distribution Center in Papillion, NE to Papillion Foods. Deal terms weren’t disclosed.… Read more
MLL Capital Adds Four-State MOB Portfolio
Boston-based MLL Capital, focused on medical office, laboratory and life sciences properties, acquired four medical office buildings totaling 251,546 square feet… Read more
Bellwether Closes on Financing for Twin Cities Affordable
Bellwether Enterprise Real Estate Capital LLC closed the latest of nine deals with Midwest GIR Group totaling $18,139,000 for multifamily properties in… Read more
A Guide to Midwestern Apartment Markets
By Paul Bubny Among Midwestern metro areas, only Minneapolis/St. Paul figures in the top 10 of Marcus & Millichap’s National… Read more
New York’s Office Sales Crown Slips in 2019
Although it’s generally regarded as the monarch of U.S. office markets, New York City’s crown slipped in 2019. The year’s… Read more
Ryan Plans “Healthy Village” in Twin Cities Metro
Ryan Companies unveiled plans for a “healthy village” concept on 100 acres of land in Maple Grove, MN, within the… Read more
Big-Box Retail Fetches $36M in Wisconsin
Stan Johnson Company (SJC) completed the sale of a big-box retail property located in Oconomowoc, WI, 30 miles west of… Read more
Bridge Enters Twin Cities with Office Deal
Bridge Investment Group entered the Twin Cities market with its acquisition of West End Office Park (WEOP), a 568,000-square-foot, six-building office… Read more
Colorado Claims Top Slot on USGBC’s Top LEED States Ranking
The U.S. Green Building Council (USGBC) unveiled its list of Top 10 States for LEED green building. Colorado took the… Read more