Oppidan’s new senior living facility opens in Minnesota community

February 24, 2017 White Bear Heights Senior Living will open April 3. The three-story, 138,000-square-foot development is located on the northeast corner of Centerville Road and Highway 96 in White Bear Lake, Minnesota. Read more...

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Want to spend less on commercial construction costs? Build now, not later

February 22, 2017 Ready to tackle a large-scale commercial construction project? Mortenson has some advice: Build now. Read more...

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CBRE helps close $6.5 million sale of Minneapolis apartment complex

February 13, 2017 CBRE Multifamily has arranged the sale of The Parkway, a 70-unit apartment community in downtown Minneapolis for $6.5 million. Read more...

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The Boulder Group sells busy Walgreens property in Saint Paul

February 10, 2017 The Boulder Group has completed the sale of a single-tenant net-lease Walgreens property at 1180 Arcade Street in St. Paul, Minnesota, for $6.5 million. Read more...

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Minneapolis’ Kraus-Anderson names new VP of pre-construction services

February 09, 2017 Minneapolis' Kraus-Anderson Construction Company has promoted Dave Lenss to the new position of vice president of pre-construction services, one of the company’s top executive positions. Read more...

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A red-hot market? Data center business continues to boom

February 02, 2017 Microsoft, Oracle and a host of financial firms gobbled up big swaths of space in data centers across the Chicago market in 2016. These users helped make Chicago the third-busiest market for data center activity last year, according to the latest research from JLL. Read more...

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Grandbridge Real Estate Capital closes $10 million loan for Minnesota apartment community

January 25, 2017 Grandbridge Real Estate Capital recently closed a $10.05 million first mortgage loan secured by a 133-unit apartment community in Moorhead, Minnesota. Read more...

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Elion Partners, Davis Group to develop 50,000-square-foot medical office building in Twin Cities market

January 25, 2017 Elion Partners and The Davis Group have entered a joint venture to develop a Class-A medical office building at CityPlace in Woodbury, Minnesota. The new medical office building is the second to be developed, and is part of the 100-acre master planned development off Radio Drive and Interstate-94. Read more...

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Grandbridge Real Estate Capital finances $10M Moorhead, Minnesota apartment complex

January 24, 2017 Grandbridge Real Estate Capital closed on a first mortgage loan, securing a 133-unit apartment community in Moorhead, Minnesota. Read more...

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Manufacturing company to fill 140,000 square feet in Twin Cities-area industrial facility

January 24, 2017 CBRE recently assisted Spears Manufacturing in a new 142,000-square-foot lease at the Dayton Distribution Center in Dayton, Minnesota. The manufacturer is planning a new regional distribution center. Read more...

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Midwest CBDs continuing their hot streak into 2017

January 20, 2017 The Central Business Districts of cities across the Midwest are hot, with the number of leases, sales and new developments continuing to rise in the centers of metro areas. Read more...

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Mortenson hires general manager for Minneapolis office

January 20, 2017 Mortenson Construction has hired Todd Schilling as a general manager in its Minneapolis office. In this new position, Schilling’s responsibilities will initially include research and development of emerging markets for Minnesota, Iowa and the Dakotas. Read more...

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Dominium to build 163-unit seniors housing community in Minnesota

January 20, 2017 Dominium, a Minneapolis-based apartment development and management company, will soon build a 163-unit affordable senior housing development in Apple Valley, Minnesota. Read more...

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Minneapolis’ New Perspective Senior Living hires new COO

January 17, 2017 Minneapolis-based New Perspective Senior Living has hired former Brookdale executive Chris Hyatt as partner, investor and chief operating officer. In this new position, Hyatt will be responsible for the day-to-day operations of the organization. Read more...

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Destination suburbs: The new choice for aging Millennials

January 16, 2017 As Millennials grow older, more will look for urban experiences in the suburbs. It's a trend that is already starting. Read more...

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Mortenson chooses design team for Discovery Square project in Minnesota

January 16, 2017 Mortenson has selected the design team of RSP Architects and HOK for the first phase of the Destination Medical Center's Discovery Square project in Rochester, Minnesota. Read more...

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PCCP closes $50 million loan for acquisition of 304-room hotel on University of Minnesota campus

January 16, 2017 PCCP, LLC has originated a $50.8 million senior loan to AJ Capital Partners for the acquisition of the leasehold interest and re‐positioning of The Commons, an independent, 304‐key, full-service hotel in Minneapolis. Read more...

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Minneapolis’ Westwood Professional Services’ VP to oversee land business

January 11, 2017 Westwood Professional Services Inc. has appointed its vice president of operations, Jason McCarty, to oversee the firm’s Minneapolis-based land business, which includes residential and commercial development. Read more...

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Minneapolis’ Opus Development adds healthcare director

January 11, 2017 Brian Spoerl has joined Minneapolis' Opus Development Company, L.L.C. as director for healthcare real estate development. In his new role, Spoerl is responsible for sourcing new development and acquisition opportunities for Opus Healthcare across the country. Read more...

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Minneapolis’ Schafer Richardson hires new partner

January 09, 2017 Mark Reiling has joined Minneapolis-based Schafer Richardson as a partner and president. His primary role is to oversee and direct SR Realty Trust, Inc., a private equity real estate investment trust. Read more...

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