Archive | Minnesota Real Estate Journal

Destination suburbs: The new choice for aging Millennials

January 16, 2017 As Millennials grow older, more will look for urban experiences in the suburbs. It's a trend that is already starting. Read more...

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Mortenson chooses design team for Discovery Square project in Minnesota

January 16, 2017 Mortenson has selected the design team of RSP Architects and HOK for the first phase of the Destination Medical Center's Discovery Square project in Rochester, Minnesota. Read more...

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PCCP closes $50 million loan for acquisition of 304-room hotel on University of Minnesota campus

January 16, 2017 PCCP, LLC has originated a $50.8 million senior loan to AJ Capital Partners for the acquisition of the leasehold interest and re‐positioning of The Commons, an independent, 304‐key, full-service hotel in Minneapolis. Read more...

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Minneapolis’ Westwood Professional Services’ VP to oversee land business

January 11, 2017 Westwood Professional Services Inc. has appointed its vice president of operations, Jason McCarty, to oversee the firm’s Minneapolis-based land business, which includes residential and commercial development. Read more...

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Space shortages make life challenging in industrial market

January 11, 2017 How are smaller users dealing with the shortage of available space in in the industrial market? Guest writer Mike Antonelli of Brown Commercial Group takes a look. Read more...

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Minneapolis’ Opus Development adds healthcare director

January 11, 2017 Brian Spoerl has joined Minneapolis' Opus Development Company, L.L.C. as director for healthcare real estate development. In his new role, Spoerl is responsible for sourcing new development and acquisition opportunities for Opus Healthcare across the country. Read more...

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Malls still have their place – but they need to adapt

January 10, 2017 Shopping malls were already struggling. Then Sears announced it would close 150 Sears and Kmart locations. Macy's announced it will shutter 68 stores. Read more...

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Minneapolis’ Schafer Richardson hires new partner

January 09, 2017 Mark Reiling has joined Minneapolis-based Schafer Richardson as a partner and president. His primary role is to oversee and direct SR Realty Trust, Inc., a private equity real estate investment trust. Read more...

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No wonder investors love apartments: Rents are still sky-high across the country

January 09, 2017 There's a reason the multifamily sector remains the top choice of investors and developers: apartment rents are high, and demand for these units keeps rising. Read more...

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Thornton Tomasetti adds chief human resources officer

January 06, 2017 Stephanie Kelly has joined engineering firm Thornton Tomasetti, taking on the newly created position of chief human resources officer. Read more...

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Colliers International to market 322,000-square-foot office landmark in Minnesota

January 06, 2017 Mike Gelfman and Steve Shepherd, both vice presidents with Colliers International, have been named as exclusive leasing agents for Norman Pointe II, one of the most recognizable Class-A office buildings in Bloomington, Minnesota. Read more...

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The coffee wars are on: Dunkin’ Donuts hopes to siphon at least some of Starbucks’ customers

January 06, 2017 Dunkin' Donuts is taking aim at Starbucks, expanding across the country -- and on other continents -- in an attempt to snatch business away from its higher-end rival. Read more...

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Marcus & Millichap sells 31-unit apartment portfolio in Twin Cities market

January 06, 2017 Marcus & Millichap recently sold Interlachen Manor and Oaklawn Estates, a 31-unit apartment portfolio in Edina, Minnesota. Read more...

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The power of Amazon, online shopping will only rise in 2017

January 05, 2017 The most important commercial real estate trend for 2017? In little surprise, it's the continued rise of Amazon and online shopping. Read more...

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Real Capital Markets: Investors still sweet on commercial real estate

January 04, 2017 Investors still love commercial real estate. And they love multifamily properties most of all. That's the takeaway from a national investment survey published this January by Real Capital Markets. Read more...

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Twin Cities’ Suntide Commercial Realty launches partnership with KW Commercial Midwest

January 04, 2017 Suntide Commercial Realty, Inc., a management company in the Minneapolis/St. Paul market, has entered into a formal partnership with KW Commercial Midwest. The partnership will combine the commercial real estate services of Suntide with the team of KW Commercial Midwest. Read more...

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CREW names new chief executive officer

January 04, 2017 Wendy Mann, an executive with nearly 30 years in association management, has been named chief executive officer of Commercial Real Estate Women Network and president of the CREW Network Foundation. Mann will assume her new role on Feb. 1. Read more...

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Food continues to drive retail growth as new year begins

December 30, 2016 The holiday season is coming to an end. Did you gain weight? You're not alone. Food is an integral part of the holidays. But that's not all. According to a new report from Colliers International, food is an important fuel for the retail business all year long. Read more...

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Marcus & Millichap sells 35-unit multifamily building in St. Paul

December 29, 2016 Marcus & Millichap recently closed the sale of Emerson Hill, a 35-unit apartment property located in West Saint Paul, Minneapolis. The multifamily property sold for $4.8 million. Read more...

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Want to thrive in 2017? Follow the advice of these three CRE pros

December 29, 2016 This January, as we always do, we'll be presenting our annual look at the most successful commercial real estate professionals throughout the Midwest in Midwest Real Estate News' Commercial Real Estate Hall of Fame issue. The best part about putting together the issue? Sharing the career advice from the Midwest's top real estate professionals. These pros aren't shy about telling us what has helped them reach the heights of the industry. Read more...

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