Archive | Minnesota Real Estate Journal

Sam Zell: Is the love affair with homeownership coming to an end?

January 25, 2012 Is the love affair between U.S. consumers and their single-family homes coming to an end? For younger consumers, this seems to be the case. And for Sam Zell, real estate celebrity and chief executive officer of Chicago’s Equity Group Investments, this means one thing: The younger generation of consumers is pretty smart. Read more...

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Minnesota’s Opus Development Corporation hires industry vet for Indianapolis office

January 18, 2012 Minnetonka, Minn.-based Opus Development Corporation recently hired Ryan Holcomb as a project manager in the company's Indianapolis office. Read more...

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Minnesota’s Steiner hires new vice president of development

January 11, 2012 Wayzata, Minn.-based Steiner Development recently hired Matt Lucas as its vice president for development. Read more...

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Towle Financial Services closes $7.3 million loan for commercial projects in Minnesota

January 09, 2012 Towle Financial Services recently closed $7.3 million in permanent loans for Pine Tree Park Apartments and 241-247 Snelling Avenue South in St. Paul, Minn. Read more...

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Industry veteran joins Minneapolis’s Vieau; opens new Milwaukee office

January 06, 2012 Paul Zovic recently joined Minneapolis-based Vieau Associates as regional manager for the firm's Wisconsin and Illinois business operations. Zovic has also opened a new Milwaukee office for the company. Read more...

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Hines acquires seven-story office building in Minneapolis

January 05, 2012 The Minneapolis office of Hines, through its Hines Global REIT, recently acquired 9320 Excelsior, a seven-story office building located in Minneapolis. Read more...

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Minnesota’s Opus sells buildings in Iowa, Illinois

January 05, 2012 Minnetonka, Minn.-based Opus Development Corp. recently sold a pair of its construction projects, one in Iowa, the other in Illinois. Read more...

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HSA Commercial purchases Opus Group-built building in Iowa

December 20, 2011 Chicago's HSA Commercial Inc. recently purchased a 300,000-square-foot warehouse facility in the Airport Business Park of Des Moines International Airport in Iowa. The building, which was developed as a build-to-suit by The Opus Group in Minneapolis, is fully-leased to a Fortune 10 company and connects via a climate-controlled enclosure to an existing 410,000-square-foot distribution facility. Read more...

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Chief Real Estate Company closes several sales in Minnesota

December 17, 2011 St. Paul, Minn.-based Chief Real Estate Company has been busy during the last quarter of the year, recently closing several commercial sales in Minnesota. Read more...

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Minnesota’s Oak Grove Capital originates $6.5 million loan for multi-family property

December 15, 2011 St. Paul, Minn.-based Oak Grove Capital recently originated a $6.56 million Fannie Mae affordable loan for the acquisition of Tierra Vista, a 152-unit multi-family community in Kissimmee, Fla. Read more...

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