June 18, 2013 Minneapolis' Mortenson Construction has been named one of the Top 100 Workplaces in Minnesota based on an employee-based survey project from the Star Tribune newspaper. Read more...
June 18, 2013 How big is the market for seniors housing? The Administration on Aging recently reported that the number of U.S. residents 65 or older will hit 72.1 million by 2030. That's an increase of more than 50 percent since 2000. It's little surprise, then, that Plymouth, Minn.-based Dominium -- a developer and manager of affordable-housing projects -- is now making a big push in the senior-housing market. Read more...
June 17, 2013 Rockbridge Partners recently acquired the historic Canterbury Hotel in Indianapolis, a 99-room property located in the heart of that city’s downtown, with plans to renovate the hotel into an upscale property. Rockbridge is also taking part in a trend: A growing number of developers are purchasing and renovating hotels across the Midwest and the entire country. Read more...
June 13, 2013 The specialty grocer market remains a hot one across the Midwest. Marcus & Millichap Real Estate Investment Services recently cited expansion plans by Trader Joe's and Whole Foods as providing a significant boost to the retail sector in Minneapolis. And late last year, the company said the same thing about the Milwaukee market, which has seen increased competition among specialty grocers and the grocery offerings of such big-box stores as Wal-Mart and Target. Read more...
June 13, 2013 Dominium, an apartment development and management company, acquired the Somerset Properties in Willmar, Minn. Read more...
June 13, 2013 Cushman & Wakefield/NorthMarq represented LaSalle Investment Management in the sale of Oakdale Village, a 164,000-square-foot retail complex in Oakdale, Minn. Read more...