Archive | Minnesota Real Estate Journal

Oppidan’s new senior living facility opens in Minnesota community

February 24, 2017 White Bear Heights Senior Living will open April 3. The three-story, 138,000-square-foot development is located on the northeast corner of Centerville Road and Highway 96 in White Bear Lake, Minnesota. Read more...

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How the tax code rewards you for helping others

February 24, 2017 Philanthropic taxpayers donate to charitable causes for a variety of reasons, from helping out their local communities, to supporting research into curing certain diseases, to providing aid to groups of people facing difficult challenges. It’s important, then, to keep in mind that the tax code supports philanthropy by allowing an income-tax deduction for charitable contributions. Read more...

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More good news for multifamily brokers, developers: Number of renter-dominated cities keeps growing

February 23, 2017 Here is some good news for brokers and developers working in the multifamily business: In 21 U.S. cities with a population of 100,000 or more, more than 50 percent of the households are made up of renters, And according to research from ABODO, the number of cities that can claim this is only going to grow. Read more...

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Want to spend less on commercial construction costs? Build now, not later

February 22, 2017 Ready to tackle a large-scale commercial construction project? Mortenson has some advice: Build now. Read more...

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CBRE helps close $6.5 million sale of Minneapolis apartment complex

February 13, 2017 CBRE Multifamily has arranged the sale of The Parkway, a 70-unit apartment community in downtown Minneapolis for $6.5 million. Read more...

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The Boulder Group sells busy Walgreens property in Saint Paul

February 10, 2017 The Boulder Group has completed the sale of a single-tenant net-lease Walgreens property at 1180 Arcade Street in St. Paul, Minnesota, for $6.5 million. Read more...

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Minneapolis’ Kraus-Anderson names new VP of pre-construction services

February 09, 2017 Minneapolis' Kraus-Anderson Construction Company has promoted Dave Lenss to the new position of vice president of pre-construction services, one of the company’s top executive positions. Read more...

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Grandbridge Real Estate Capital closes $10 million loan for Minnesota apartment community

January 25, 2017 Grandbridge Real Estate Capital recently closed a $10.05 million first mortgage loan secured by a 133-unit apartment community in Moorhead, Minnesota. Read more...

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Elion Partners, Davis Group to develop 50,000-square-foot medical office building in Twin Cities market

January 25, 2017 Elion Partners and The Davis Group have entered a joint venture to develop a Class-A medical office building at CityPlace in Woodbury, Minnesota. The new medical office building is the second to be developed, and is part of the 100-acre master planned development off Radio Drive and Interstate-94. Read more...

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DNA of CRE survey: Commercial real estate remains male-dominated, doesn’t make instant millionaires

January 24, 2017 The vast majority of commercial real estate professionals -- 80 percent -- are male, and most don't rank among the super rich, with 24 percent of commercial real estate agents reporting that they earned less than $100,000 in gross commission income each year and 16 percent from $101,000 to $150,000 each year. Read more...

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Manufacturing company to fill 140,000 square feet in Twin Cities-area industrial facility

January 24, 2017 CBRE recently assisted Spears Manufacturing in a new 142,000-square-foot lease at the Dayton Distribution Center in Dayton, Minnesota. The manufacturer is planning a new regional distribution center. Read more...

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Attracting and retaining talent—in the suburbs

January 23, 2017 Urban office spaces aren't the only ones that can be cool. The authors of this column explain how owners and architects are working together to pump energy into suburban office buildings. Read more...

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Mortenson hires general manager for Minneapolis office

January 20, 2017 Mortenson Construction has hired Todd Schilling as a general manager in its Minneapolis office. In this new position, Schilling’s responsibilities will initially include research and development of emerging markets for Minnesota, Iowa and the Dakotas. Read more...

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Dominium to build 163-unit seniors housing community in Minnesota

January 20, 2017 Dominium, a Minneapolis-based apartment development and management company, will soon build a 163-unit affordable senior housing development in Apple Valley, Minnesota. Read more...

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Minneapolis’ New Perspective Senior Living hires new COO

January 17, 2017 Minneapolis-based New Perspective Senior Living has hired former Brookdale executive Chris Hyatt as partner, investor and chief operating officer. In this new position, Hyatt will be responsible for the day-to-day operations of the organization. Read more...

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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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