Minnesota
KBS Finds Minneapolis’ “Smile Building” Appealing
Newport Beach, CA-based KBS Strategic Opportunity REIT acquired Marquette Plaza, a Class A office tower in Minneapolis from FRM Associates… Read more
Creative Redev Commences on Case Building in St. Paul
Suntide Commercial Realty initiated the redevelopment of a one-story, brick warehouse in St. Paul’s Westgate industrial area. The former 174,000-square-foot… Read more
Shorenstein Snags Minneapolis Tower for $255M
San Francisco-based Shorenstein Properties LLC acquired Capella Tower, the largest downtown Minneapolis office complex, from ASB Capital Management for $255 million. The… Read more
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
California’s Livability Ranking Dips to Four-Year Low
California’s livability slipped to a four-year low in Gallup’s annual “Well-Being Index” poll that ranks the nation’s states for quality… Read more
Twin Cities Hotels Have Super Weekend
The Philadelphia Eagles may have won on the football field, but Twin Cities hotels won big in the money sweepstakes… 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
$300M for HNA’s Office Tower at 1180 Avenue of the Americas
Northwood Investors, a firm led by John Kukral, paid at least $300 million for 1180 Avenue of the Americas, a… Read more
What’s Fueling 2018 Data Center Demand?
Los Angeles-based CBRE’s 2018 U.S. Real Estate Market Outlook show that despite record-setting wholesale absorption levels for three consecutive years, strong… Read more
Financing Talk: Q&A with Northwestern Mutual’s Kevin Westra
Northwestern Mutual Real Estate’s Regional Director – Central Region – Kevin Westra is one of the panelists with the upcoming… Read more
Whittier’s Friendly Hills Marketplace Trades for $40M
Oppidan, Inc. sold the newly-constructed Friendly Hills Marketplace in Whittier, CA for $40 million to Golden Capital Whittier, LLC. The… 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
Which Retail Strategies Led to Holiday Season Wins?
Connect Retail West is set for January 25th at the Hurley Surf Club Pacific City in Huntington Beach, CA. Here’s… 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
JLL Secures $66M Construction Financing For CO MF
More than $66 million in construction financing has been secured for Ascent Apartments, a planned multifamily community within a new… Read more