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...
August 22, 2010 Mark Kolsrud, senior vice president and principal with the Minneapolis office of Cassidy Turley, and Howard Paster, president of St. Paul-based shopping center development and management firm Paster Enterprises, aren’t naïve. They know that the commercial real estate industry in the Twin Cities and entire state of Minnesota has seen better times. But both commercial industry veterans say that the worst of the real estate slump has already hit Minneapolis. It is time now, they say, to look toward the future. Read more...
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...
August 10, 2010 If you work in the commercial real estate business you know just how frustratingly slow this economic recovery is. In fact, it doesn't feel like a recovery at all. Read more...
August 04, 2010 Cushman & Wakefield's midyear 2010 statistics show that the Minneapolis/St. Paul CBD office vacancy rate rose to 19.5 percent. That's above the national average of 14.8 percent and up from 19.3 percent at the end of the previous quarter. Read more...
August 01, 2010 The multi-family sector has actually been the top performer in the commercial real estate market since the industry’s slump began. Read more...
July 27, 2010 Of the commercial real estate sectors, there's little doubt that multi-family today is the top performer. I was talking about that this morning with Ed Padilla, chief executive officer of Minneapolis-based NorthMarq Capital. He told me that multi-family was outperforming all other commercial real estate assets in every conceivable measurement. Read more...
July 20, 2010 The Minneapolis St. Paul Business Journal has selected Welsh as one of the ‘Best Places to Work’ in Minneapolis/St. Paul for the second consecutive year. Read more...
July 15, 2010 Minneapolis office building Accenture Tower has been awarded commercial real estate’s most prestigious award from the Building Owners and Managers Association (BOMA) International. Besting competitors from all over the world in the 500,000- to 1-Million-Square-Feet Category, Accenture Tower was presented with The Outstanding Building of the Year© (TOBY) award. Read more...
July 13, 2010 Grandbridge Real Estate Capital recently made two promotions in a pair of its Midwest offices. Read more...
