Archive | Minnesota Real Estate Journal

Berkadia closes $10 million for two Minnesota apartment properties

June 28, 2016 The buyer was Golden Sun Preservation, LLC, an entity controlled by the Minneapolis-based non-profit group AEON. The properties were 100 percent occupied at the time of sale. Read more...

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Minneapolis’ Dougherty Funding hires industry vet as EVP

June 27, 2016 Minneapolis' Dougherty Funding has hired Murray Kornberg as executive vice president. Read more...

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The best choice? Clinton’s home? Trump’s abode? Or the White House?

June 27, 2016 Donald Trump or Hillary Clinton will be moving into a new home in 2017. And when one of these two campaigners does move into the White House, what will they most enjoy about their new home and what might make them uneasy? Read more...

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The National Association of Hispanic Real Estate Professionals expands executive team

June 24, 2016 The National Association of Hispanic Real Estate Professionals announced that Silvia Perez-Rathell has joined the organization as its chief development officer. Read more...

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Should multifamily developers, owners start to worry?

June 24, 2016 By now, you know the story: Apartment rents across the country, including in the Midwest, continue to rise. At the same time, the demand for new apartments everywhere from Columbus to Indianapolis to downtown Omaha is soaring. The multifamily sectors remains the top performer of all commercial asset classes. But is there reason for concern? A recent story by the Wall Street Journal suggests that there might be. Read more...

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JLL names Kathryn Ditmars general counsel for the Americas Region

June 23, 2016 Ditmars is also the Americas Ethics Officer, providing ethics training and working with the Global Ethics Officer community to further develop JLL’s ethics and compliance program. Read more...

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Zumper study: Multifamily rents keep rising in Minneapolis

June 23, 2016 There's a reason why so many developers are building new apartment towers in downtown Minneapolis: The demand for multifamily space is high. And with that high demand comes something building owners love, higher monthly rents. Read more...

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Mike Wilhelm returns to CBRE as senior vice president in Minneapolis

June 20, 2016 A 25-year commercial real estate industry veteran, Wilhelm spent the last 15 years with Zeller Realty Group, most recently as senior vice president where he led the Minneapolis office leasing team. Read more...

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The Cornerstone office building in Minnesota sells for $1.8 million

June 20, 2016 Marcus & Millichap announced that The Cornerstone, a 13,765-square foot office property located at 1 Central Avenue West in Saint Michael, Minnesota, has sold for $1.81 million. Read more...

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Mark Jensen named CEO of Steven Scott Management

June 20, 2016 Jensen succeeds Barbara Halverson who is retiring after 44 years; she will consult with company management for a two-year period. Read more...

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New medical office building planned for Brooklyn Park

June 20, 2016 Ryan Companies unveiled plans to develop, build and manage a new 40,000-square-foot medical office building located within the 610 Zane Business Park in Brooklyn Park. Read more...

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NorthMarq’s Blumberg: Skin in the game matters when it comes to commercial financing

June 20, 2016 Midwest Real Estate News recently spoke to Susan Blumberg, senior vice president and managing director with the Chicago office of NorthMarq Capital, about how busy developers and investors are these days when it comes to requesting commercial financing for new developments and acquisitions. Blumberg's answer? Very Read more...

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More Midwest cities now earning high walkability scores

June 17, 2016 Cities are investing more dollars into making their neighborhoods friendlier to pedestrians. And that's good news: A growing number of people are interested in moving to urban areas in which they can walk to stores, restaurants, public transportation and parks. As cities invest more in creating walkable communities, it's easier for owners and developers to attract consumers to their shops, restaurants and apartment buildings. Read more...

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Onward Investors promotes two Minneapolis team members to vice president

June 16, 2016 Onward Investors has promoted Barb Jones to vice president and controller, and Scott Schmitt to vice president of acquisitions. Both have previously served as directors. Read more...

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Cardigan Ridge Senior Living breaks ground in Little Canada, Minnesota

June 15, 2016 Located at 3300 Rice Street, just south of I-694, the 158,000-square-foot senior community will provide independent living, assisted living and memory care apartments with a variety of styles -- many with decks, screen porches, balconies and views of Black Tern Pond. Read more...

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Walgreens drugstore in Sauk Rapids, Minnesota sells for $11.5 million

June 15, 2016 The buyer was a private 1031-exchange investor, according to Brian Parmacek, a director in Marcus & Millichap’s Net Leased Properties Group. Read more...

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Latest research: Indiana still a manufacturing, logistics leader

June 15, 2016 Indiana has always been known as a leader in manufacturing and logistics. Its central location helps, as does its skilled workforce and pro-business government. A new infographic, created by JLL, provides yet more evidence that Indiana remains a powerhouse when it comes to manufacturing. Read more...

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Construction on new Roseville, Minnesota senior living community breaks ground

June 13, 2016 The 115-unit senior community will provide 85 independent living and assisted living apartments with a variety of floor plans, 24 memory care apartments and six care suites. Read more...

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Your CRE professional does what? A look at the hobbies of some of the Midwest’s most successful commercial pros

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Lee & Associates opens Minneapolis office

June 10, 2016 The office, located at 5353 Gamble Drive, St. Louis Park, is headed by veterans and former Cassidy Turley, Transwestern and Cushman & Wakefield brokers Chris Garcia, Jeff Minea, Duane Poppe, SIOR, CCIM, and Kai Thomsen. They have more than 75 years of CRE experience in the Twin Cities area collectively. Read more...

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