RE Journals – The Midwest’s leading source for commercial real estate news
The latest headlines from
Minnesota Real Estate Journal
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Opus’ Mahoney: Twin Cities’ industrial sector settling into a new normal
Industrial development, sales activity and leasing all dipped during the first quarter of 2024 across the country. And in the Minneapolis-St. Paul market? CRE professionals working this sector saw the same thing: Demand for industrial space has finally cooled.



Falling valuations and the impact on tax revenue in the Twin Cities
By Andrew Babula, director of Real Estate Program at the University of St. Thomas, Opus College of Business; Brayden LeLoup, University of St. Thomas student, pursuing BS in Real Estate Studies; Madi Dulon, University of St. Thomas student, pursuing BS in Real Estate Studies



How CREC achieves strong long-term performance
Fairly often, potential new investors ask us whether our consistently strong investment results are the product of a “secret sauce.” There is no secret sauce, but this question recently triggered an internal discussion to try to define our actual perceived advantage. Our conclusion was that CREC’s superior long-term performance is a result of our size, our ability to be very focused, and our commitment to a highly disciplined investment strategy.


ASSEMBLY MN joins the leasing team for Minneapolis’ The Dayton’s Project
ASSEMBLY MN LLC, a commercial real estate services firm located in the North Loop neighborhood of Minneapolis, has joined The Dayton's Project leasing team for is retail component.

Kraus-Anderson begins $24 million renovation of Chaska Middle School West
Kraus-Anderson has begun a $24 million renovation of Chaska Middle School West at 140 Engler Boulevard in Chaska, Minnesota.

JLL Capital Markets brokers sale of 48-unit multifamily community in Coon Rapids
JLL Capital Markets closed the sale of Oakmont Apartments, a 48-unit multi-housing community in Coon Rapids, Minnesota.

Marcus & Millichap brokers sale of 88-room hotel in Minnesota
Marcus & Millichap closed the sale of Microtel Inn & Suites Rochester South, an 88-room hospitality property in Rochester, Minnesota.

Kraus-Anderson Construction adds business development directors in North Dakota
Kraus-Anderson Construction has hired two new North Dakota business development directors to meet the construction growth in the Upper Midwest.  

St. Louis Park’s Monarch CRE bolsters its staff
St. Louis Park, Minnesota-based Monarch CRE added commercial real estate veteran Justin Baratz to its roster last week. Baratz was at Cushman & Wakefield for over 12 years before joining Monarch.

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