Grandbridge closes two multi-family loans in Twin Cities area

August 26, 2010 Tony Carlson, Dick Riley and Dave Rasmussen in the Minneapolis office of Grandbridge Real Estate Capital recently originated and closed two first mortgage multi-family loans totaling more than $4.7 million for first-time Grandbridge clients. Secured by 108 market rate apartment units, both refinance transactions were funded through a Fannie Mae Small Loan Program lender. Read more...

Midwest Real Estate News, Minnesota Real Estate Journal, News

CBRE arranges $26.8M acquisition financing for apartment property

August 24, 2010 CB Richard Ellis’ Chicago Capital Markets Debt & Equity Finance group secured a long-term fixed-rate first mortgage totaling $26.8 million to finance the acquisition of Valley Creek Apartments, located at 1707 Century Circle, Woodbury, Minn. Read more...

Illinois Real Estate Journal, Midwest Real Estate News, Minnesota Real Estate Journal, News

Bucking the retail odds in Minnesota

August 24, 2010 New retail development is nearly at a standstill throughout most of Minnesota. St. Paul-based Paster Enterprises, though, is bucking this trend. Read more...

Minnesota Real Estate Journal, REJournals Blog

CorTrust Bank to join Commerce Hill Development in Minnesota

August 23, 2010 Minneapolis-based JMW Development, LLC this summer announced that CorTrust Bank has signed to join the 40-acre Commerce Hill development in Woodbury, Minn. Located on Woodbury Drive between Commerce Drive and Tamarack Road, Commerce Hill will be anchored by a 177,000-square-foot SuperTarget. Read more...

Midwest Real Estate News, Minnesota Real Estate Journal, News

Marcus & Millichap handles sale of former steakhouse in Minnesota

August 20, 2010 Marcus & Millichap Real Estate Investment Services recently facilitated the sale of the former Timberlodge Steakhouse in Maple Grove, Minn. The 8,686-square-foot asset commanded a sales price of $2.8 million, corresponding to more than $328 a square foot. Read more...

Midwest Real Estate News, Minnesota Real Estate Journal, News

Minneapolis’ Kraus-Anderson helps rebuild Minnesota school devastated by tornado

August 20, 2010 Minneapolis-based Kraus-Anderson Construction Company has been selected by the Wadena-Deer Creek School District in Wadena, Minn., to rebuild the high school that was destroyed by a tornado on June 17, 2010. Funding for the reconstruction will be approximately $30 million. Read more...

Midwest Real Estate News, Minnesota Real Estate Journal, News

Creativity is king in down commercial market

Earlier this week I interviewed John Komlos, vice president with St. Louis-based ARCO Construction Company. We talked about the job his company did transforming a space originally designed for office/warehouse into a youth hockey rink. Read more...

Navigating the redevelopment maze

Working through the redevelopment process of a building project can be extremely challenging. The planning and design of the new Edina Crosstown Medical Office Building located in the southwest quadrant of the intersection of France Avenue and County Road 62 or Crosstown, in Edina, Minn., was no exception to this rule. Read more...