Minnesota
IRG Finalizes Purchase of IBM’s 3.1M-SF Rochester, MN Campus
Los Angeles-based Industrial Realty Group, LLC (IRG) acquired the IBM technology campus in Rochester, MN that is comprised of more… Read more
Developer Plans $60M Hotel Conversion of 26-Story Minneapolis Office Tower
Maven Real Estate Partners plans to convert the 26-story Rand Tower office building into a boutique hotel in downtown Minneapolis.… Read more
Transwestern Expands Twin Cities Brokerage Team with Four Additions
Transwestern added four industry professionals to its Minneapolis/St. Paul operations. The new team members include Jim Montez, Nick Sveen, Nate… Read more
Duke Proposes 540K-SF Facility Near Twin Cities
Duke Realty proposes to build two office-warehouse facilities in a planned four-building, 540,042-square-foot business park in Maple Grove, MN, which… Read more
Rubenstein, Strategic Capital Expand Indy Portfolio, Again
Indianapolis-based Strategic Capital Partners, LLC and partner, Philadelphia-based Rubenstein Partners, L.P., acquired the Precedent Office Park in Indianapolis’ Keystone Crossing… Read more
Harrison Street Closes $368M MOB Deal
Chicago-based Harrison Street Real Estate Capital LLC acquired a portfolio of 25 medical office buildings from IRET for $367.7 million.… Read more
American Realty Acquires Twin Cities Retail Center, MOB
Los Angeles-based American Realty Advisors (ARA) acquired Central Park Commons, a newly constructed retail shopping center and medical office building… Read more
Mesa West Funds Downtown Minneapolis Office Building
Mesa West Capital originated its first loan in the state of Minnesota, funding $20 million in first mortgage debt to… Read more
Developer Plans MXU on Site Considered for Minnesota Vikings Stadium
St. Paul, MN-based Wellington Management proposes development of Lexington Meadows, a 32-acre retail project within a larger 80-acre parcel in… Read more
C&W to Lease Minnesota Distribution Buildings
The Meritex Company will demolish an existing 360,000-square-foot industrial property and construct two state-of-the-art 144,000-square-foot bulk-distribution buildings, Highcrest II &… Read more
PCCP Provides Development Loan for Minneapolis Mill District Condos
PCCP, LLC provided a $130 million senior loan for the development of The Legacy, a 374‐unit residential condominium project in… Read more
Construction Starts on New Concept-to-Fork Facility in Minnesota
Calyxt, Inc. broke ground on a new concept-to-fork facility in Roseville, MN, near Minneapolis-St. Paul. The 11-acre site will include… Read more
NKF To Lease 3.25M-SF Viking Lakes Development
MV Eagan Ventures plans to develop Viking Lakes, a 3.25-million-square-foot master-planned MXU development in Eagan, MN. The 200-acre project includes… Read more
First Industrial Promotes Jim Schlundt to Lead Twin Cities Region
Connect Industrial is heading to Chicago, June 28th. Here’s where to get more details and register. Chicago-based First Industrial Realty Trust, Inc.… Read more
Simon Starts Development of Homewood Suites by Hilton Near Twin Cities
Construction commenced on a 146-room Homewood Suites by Hilton in Edina, MN, roughly 10 miles south of Minneapolis. The four-story,… Read more
St. Paul MF Acquired for $61M
Minot, ND-based IRET acquired Oxbō Apartments, a multifamily property in St. Paul, MN from developer Opus for $61.5 million. The newly-constructed… Read more
$250M Minneapolis Data Center Underway for U.S. Bank
Dallas-based Stream Data Centers is building a $250-million data center for U.S. Bank in Minneapolis. Construction commenced on the 56,000-square-foot… Read more
Ryan Plans Two Minnesota Condo Towers
Minneapolis-based Ryan Companies US, Inc., and Edina, MN-based Arcadia, LLC proposed Estelle Edina, a mixed-use development in Edina, MN, a… Read more
830-Unit MXU Proposed in St. Paul
Minneapolis-based Hunt Associates proposed Fillmore West, a mixed-use redevelopment of a 13.4-acre former industrial site in St. Paul, MN. The… Read more