Archive | Minnesota Real Estate Journal

Lamont Companies buys Clarion Inn in Rochester, Minnesota

May 02, 2016 Cushman & Wakefield/NorthMarq represented Sonor Hotel Corporation in the sale of the 196-room Clarion Inn in Rochester, Minnesota. Read more...

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Average apartment rents hit all-time high in April

May 02, 2016 Apartment rents aren't getting any lower across the country. In fact, they reached a new high in April. That's the good news for landlords and owners from the latest market report released by Yardi Matrix. Read more...

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Ryan Companies ready to make Minneapolis’ Downtown East its new home

April 29, 2016 Ryan Companies continues to make an impact in Minneapolis' downtown, breaking ground this month on the Millwright Building at Third Street and Portland Avenue. The new building is part of Ryan's $450 million mixed-use Downtown East development. Read more...

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Kraus-Anderson to build K-8 special ed school in Lake Elmo, Minnesota

April 28, 2016 Kraus-Anderson Construction Company has been chosen to build a new $22 million K-8 special education school for Northeast Metro Intermediate School District 916 at 8568 Eagle Point Blvd. in Lake Elmo, Minnesota. Read more...

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Despite bankruptcies and online disruption, U.S. shopping centers enjoy steady start to 2016

April 27, 2016 Higher rents and fewer empty spaces, that's what the owners of shopping centers across the United States are enjoying today. Cushman & Wakefield's first-quarter U.S. Shopping Center Snapshot shows that while shopping centers across the country aren't exactly enjoying boom times, they are at least holding steady in their ability to attract consumers who continue to grow more confident in the economy. Read more...

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Can you spot the mistake with this ad?

April 25, 2016 The right marketing message can provide a boost to any commercial real estate company. And at Rejournals.com, we see plenty of skilled marketing messages. But sometimes, real estate companies -- like all companies -- miss the mark when it comes to their advertising materials. Read more...

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Marcus & Millichap retail report brings plenty of good news

April 21, 2016 Consumers might not be thrilled with the U.S. economy, but at least their confidence is growing. That is the message from Marcus & Millichap in its latest national retail research report. According to the report, core retail sales -- all retail sales not including gasoline and autos -- rose 3.9 percent this March when compared to the same month one year earlier. Read more...

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RBC Plaza in downtown Minneapolis recognized as the year’s best renovated building in Midwest

April 19, 2016 RBC Plaza in downtown Minneapolis, has been named the “Renovated Office Building of the Year in the Midwest Region” by the Building Owners and Managers Association (BOMA). Read more...

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Sherman Associates names new VP of hospitality operations

April 18, 2016 Shawn Nayyar joined Sherman Associates as vice president of Hospitality Operations. Read more...

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Star Exhibits’ new office HQ now underway in Minneapolis

April 14, 2016 Ryan Companies US, Inc. and Star Exhibits broke ground on the new 200,800-square-foot Star Exhibits office headquarters located within the 610 Zane Business Park. Read more...

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Construction begins for Minnesota senior housing property, The Grainwood

April 08, 2016 Dominium announced that construction has started at The Grainwood, a new affordable senior housing property located at 5101 Gateway St SE in Prior Lake, Minnesota. Read more...

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United Properties unveils new design for Gateway development in downtown Minneapolis

April 08, 2016 United Properties and its new project partners, JMI Realty and Greystar, unveiled a new design for the mixed-use Gateway development at Third Street and Nicollet Mall in downtown Minneapolis at a Downtown Minneapolis Neighborhood Association earlier this week. Read more...

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Avison Young announces new capital markets specialist

April 07, 2016 Avison Young announced that capital markets specialist Jim Rock has joined the firm in Minneapolis as principal. Read more...

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Century Commons apartments in White Bear Lake sell for $5.18M

April 06, 2016 A local investor has purchased Century Commons, a 153-bedroom student housing complex located at 3515 Century Ave. in White Bear Lake, Minnesota, for $5.18 million. Read more...

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Wagner getting new 220,000-square-foot facility in Minnesota

April 06, 2016 Duke Realty Corporation’s Minneapolis-St. Paul office will be the general contractor for Wagner SprayTech Corporation’s new 220,000-square-foot facility in Gateway North Business Center in Otsego, Minnesota. Read more...

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CBRE assists in sale of Eagle Pointe Apartments in Hastings, Minnesota

March 26, 2016 CBRE has arranged the sale of Eagle Pointe Apartments in Hastings, Minnesota, on behalf of Marcliff Eagle Pointe Apartments, LLC, an entity controlled by CAPREIT. Read more...

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Shared workspaces not just for Millennials

March 24, 2016 Shared workplaces can help companies save a significant amount of money, especially in the priciest office markets in the country. Because of this, commercial real estate brokers should expect more of their clients to at least investigate office-sharing. Those are the findings from a recent report from CBRE Group, a report that helps debunk several myths about shared workspaces and about which companies rely on them. Read more...

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Perkins+Will’s Minneapolis office adds Roslyn zumBrunnen to its interiors practice

March 23, 2016 Perkins+Will announced that Roslyn zumBrunnen has joined the Minneapolis team as interior design discipline leader. Read more...

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Northstar Center owners announce major revitalization in store for the Minneapolis complex

March 22, 2016 The owners of the Northstar Center in downtown Minneapolis announced that they have started formulating plans for its major revitalization. Read more...

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The DNA of #CRE survey: CRE pros are not embracing technology

March 18, 2016 Only 32 percent of commercial real estate pros responding to an industry survey by theBrokerList and Buildout say they use LinkedIn. Most surprising? According to the survey, LinkedIn is the most popular social media tool used by commercial real estate professionals, with only 18 percent of respondents saying they use Facebook and just 15 percent Twitter. The companies behind the DNA of #CRE survey – a comprehensive look at the makeup and work practices of commercial real estate professionals across the country -- pointed to this minimal use of social media as one of the biggest surprises of the 2015 survey. Read more...

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