Minnesota
Co-Developers Launch Build in Twin Cities’ I-394 Submarket
Ryan Companies and the Excelsior Group launched construction on 10 West End, a 343,000-square-foot, Class A speculative office building in St.… Read more
JLL Arranges Sale of Columbus-Area Office Duo
JLL closed the $41.4-million sale and $27.8-million financing of One & Two Easton Oval, a two-building, Class A office property totaling… Read more
USC Casden Multifamily Forecast Conference Planned This Week
The USC Lusk Center Casden Multifamily Forecast is gearing up for its annual unveiling of key issues and trends that… Read more
Redwood Capital Recaps Twin Cities Multifamily
Redwood Capital Group, LLC, a Chicago-based multifamily investment firm, has closed on the recapitalization of Hampshire Hill, a 534-unit apartment community in… Read more
What $1 Million Can Buy in Today’s Housing Market
A million-dollar home looks very different from one city to the next, according to new research from Zillow. The typical… Read more
NorthMarq President Weidell Will Assume CEO’s Chair
NorthMarq president Jeffrey Weidell will become CEO on January 1, 2020, succeeding Eduardo Padilla. Padilla, who served in the role for… Read more
Twin Cities Pad Site Sets Midwest Cap Rate Record
Hanley Investment Group Real Estate Advisors’ Jeff Lefko and Bill Asher represented seller OneCorp in the disposition of a two-tenant property… Read more
St. Cloud Dollar General Trades to Private Investor
The Boulder Group completed the sale of a single-tenant Dollar General in Eden Valley, MN, within the St. Cloud metro… Read more
Canadian Investor Sells 328-Unit Lugano Cherry Creek for $99M
Brass Enterprises disposed of Lugano Cherry Creek, a 328-unit multifamily complex on East Iliff Avenue in Denver. Minnesota-based IRET Apartments… Read more
Twin Cities’ Rosedale Center Gears for MXU Expansion
Rosedale Center, the 1.2-million-square-foot Twin Cities shopping center that attracts more than 14 million visitors annually, plans to significantly expand… Read more
Related, Bank OZK Furnish Debt for Minneapolis Condo Project
Ryan Companies said its Eleven condominium project in Minneapolis has closed on financing from Related Fund Management as the mezzanine… Read more
Merchants Capital Does Fannie Mae M.TEB Deal in Minneapolis
Merchants Capital has secured $16 million in construction and permanent financing for an affordable mixed-use development in Minneapolis’ North Loop.… Read more
NorthMarq Arranges Refi on Twin Cities Affordable
NorthMarq Minneapolis’ Michael Padilla arranged the $12.75-million refinance of St. Paul Preservation Portfolio. The five-property portfolio in St. Paul, MN contains a… Read more
Consumers Carry the Weight as Other Indicators Falter
When it comes to setting near-term monetary policy, Federal Reserve officials are weighing two competing forces in the U.S. economy.… Read more
Twin Cities Retail Sets Records for Pricing, Cap Rates
Hanley Investment Group Real Estate Advisors arranged the sale of Commons Plaza, a new-construction, retail property in the Twin Cities suburb of Woodbury,… Read more
WNC Closes $210M for Development, Renovation of 1,900 Affordable Housing Units
Irvine, CA-based WNC closed two institutional low-income housing tax credit (LIHTC) funds, WNC Institutional Tax Credit Fund 47, L.P. and… Read more
Opus Transforms Former Target Offices to Multi-Tenant Use
The Opus Group completed building improvements at Target’s former west corporate campus in Minneapolis, transforming the 307,000-square-foot 3701 Wayzata Blvd.… Read more
Twin Cities MF Vacancies Remain Low as Construction Ramps Up
Apartment vacancies in the Minneapolis/St. Paul metro area will drop 10 basis points to finish 2019 at 2.9%, for one… Read more
Kraus-Anderson Expands Twin Cities Seniors Campus
Kraus-Anderson has begun a $114.5-million expansion of Friendship Village, a senior living campus in the Twin Cities suburb of Bloomington,… Read more