Archive | Minnesota Real Estate Journal

Apartment building comprised of micro units near University of Minnesota sells for $9.4M

July 27, 2016 With the smallest studios sized at just 402 square feet, Coze Flats tested the waters for efficient “micro” apartments in the Minneapolis-St. Paul market when it opened in 2014. Read more...

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John Semenek joins PREMIER Design + Build Group as assistant superintendent

July 26, 2016 Semenek most recently worked for a leading construction company in Illinois as a carpentry foreman who was responsible for completing work that met the demands of his clients. Read more...

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KBS Realty Advsiors announces new leases and renewal at Northland Center in Bloomington, Minnesota

July 26, 2016 KBS Realty Advisors announced the signing of three leases totaling 25,121 square feet at Northland Center, a Class A office property in Bloomington, Minnesota. Read more...

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Savvy retailers letting Pokemon Go bring more foot traffic to their shops

July 22, 2016 Smart retailers take advantage of hot trends. Just look at the way some are having fun, and boosting foot traffic, with the Pokemon Go mobile game. Read more...

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Brewing company signs long-term lease at Miller Textile building in Minneapolis

July 20, 2016 Renovation began in December 2015 and the property is being transformed from the historic Miller Bag Building into creative, dynamic office and retail space. Read more...

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JLL appoints Debra Bonebrake to lead national industrial property management portfolio

July 18, 2016 She will oversee a national industrial portfolio exceeding 150 million square feet. Read more...

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Dominium adds pair of associates to its Minnesota office

July 18, 2016 Dominium has hired Trevor Martinez and Ahmed Abdelhameed as staff associates at its Plymouth, Minnesota-based headquarters. Read more...

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Valley Natural Foods to open new meat 16-acre processing plant in southern Minnesota

July 13, 2016 Valley Natural Foods acquired 16 acres of land, including a building that will be retrofitted to meet the growing demand of livestock producers and serve the needs of family farms in 10 Southern Minnesota counties. Read more...

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Office vacancy rates fall to lowest level since 2008

July 13, 2016 The office sector isn't as hot as multifamily or industrial. But this sector is seeing steady improvement across the nation, according to the latest numbers from CBRE. Read more...

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Construction loan activity hot as ever in Detroit, St. Louis, Chicago and other Midwest markets

July 11, 2016 More developers across the Midwest are seeking construction loans today. And when they hunt for these loans? More often they are turning to alternative lenders. Read more...

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Norstrom Rack to open at CityPlace in Woodbury, Minnesota

July 09, 2016 he approximately 26,000-square-foot store is scheduled to open in spring 2017. The property is owned and managed by Elion Partners, a Florida-based real estate investment firm. Read more...

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CBRE ranks Chicago as 13th strongest technology market in North America

July 08, 2016 Chicago remains a hub for technology firms, good news for the commercial real estate brokers who can close all those deals bringing tech start-ups to the city. Read more...

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Transwestern promotes Marconi to managing broker of industrial practice and Coleman to executive VP

July 07, 2016 Transwestern has promoted Michael Marconi to managing broker of the firm’s industrial practice in Rosemont, Illinois. Read more...

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New medical office building underway at The Grove Village Shopping Center in Minnesota

July 07, 2016 Located at the corner of Maple Grove Parkway and Grove Circle North, the one-story building will be home to Park Nicollet Physical Therapy and HealthPartners Physicians Neck & Back Center. Read more...

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Cushman & Wakefield finds a slowdown in U.S. office market

July 07, 2016 The U.S. office market is showing signs of cooling, according to the latest research from Cushman & Wakefield. This doesn't mean, though, that the market is struggling. In fact, rents rose and vacancies fell in the office sector during the second quarter of 2016. Read more...

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Wells Fargo Place in Minnesota now being marketed for sale

July 06, 2016 The office tower is centrally located in the St. Paul business district and has historically maintained a high level of occupancy with a strong tenant mix. Built in 1987, the property has been owned by an affiliate of Unilev Capital Corporation since 2006. Read more...

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Yardi Matrix predicts solid apartment rent gains in Kansas City, Nashville and Knoxville

July 06, 2016 Average apartment rents in the United States rose another $10 in June, marking the third straight month of double-digit gains, according to the latest apartment rent survey by Yardi Matrix. Read more...

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Turning condos into apartments can make good money for developers, investors … if they avoid the pitfalls

July 05, 2016 David Bloomberg has seen the trend: Developers and investors are eagerly seeking to acquire condo buildings and turn them into apartments. This de-conversion trend is taking hold across the Midwest, and developers and investors stand to earn plenty of dollars from it. But Bloomberg, principal at Chicago law firm Chuhak & Tecson, says that converting condos to apartments isn’t always an easy task. There are plenty of potential pitfalls. Read more...

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Ryan Companies promotes two professionals within its Great Lakes Region team

June 30, 2016 The Great Lakes Region of Ryan Companies US, Inc. has announced the promotions of Nick Kaminski and Barry Sullivan. Both individuals have been promoted to team leaders from their previous positions of senior project managers. Read more...

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Stahl Construction moving headquarters to the Miller Textile Building in Minneapolis

June 30, 2016 Renovation began in December 2015 and the property is being transformed from the historic Miller Bag Building into creative, dynamic office and retail space. Read more...

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