Berkadia’s Blechschmidt: Few concerns about overbuilding in the apartment market

September 14, 2016 Midwest Real Estate News recently spoke with Chris Blechschmidt, general manager in the Chicago office of Berkadia, about the strength of the Midwest apartment market and the strengths that borrowers have to display when seeking financing for multifamily deals. Here's some of what he had to say. Read more...

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Christianson & Company announces addition of Melissa Fulson to Minneapolis office

September 12, 2016 She spent the previous 19 years working in the architectural design field with emphasis on development and tenant improvements. Read more...

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Dominium announces new additions to its Minneapolis office

September 12, 2016 Dominium announced that it has hired David Schlosser as a property accountant, Brianna Chabot as a financial reporting accountant, and Brittany Dallman as a project assistant. Read more...

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Construction on Arbor Glen Senior Living community breaks ground in Lake Elmo, Minnesota

September 09, 2016 Arbor Glen Senior Living has a variety of housing solutions for older adults, ranging from options for those who choose to live independently to those who want to take advantage of the care and services that are available 24/7. Read more...

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Minneapolis’ RJM Construction hires new senior project manager

September 05, 2016 Tim Ryan is the new senior project manager at Minneapolis' RJM Construction. Read more...

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Grandbridge closes $11.2 million construction loan for multifamily project in Minnesota

September 01, 2016 Grandbridge Real Estate Capital recently closed an $11.2 million construction loan for a 66-unit, age-restricted, to-be-built housing property in Andover, Minnesota. Read more...

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Dominium adds Mike Brempell as director of asset management to its Minnesota office

August 24, 2016 His role responsibilities will include working with sales, refinances, and LP buyouts. Read more...

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AppFolio: Apartment rents to keep rising, just not as quickly

August 17, 2016 What word best describes the U.S. apartment market today? AppFolio, in its latest research report, points to "growth." Read more...

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Apartment rents keep soaring in Nashville, Minneapolis

August 12, 2016 Want to rent an apartment in Nashville or Minneapolis? It's not cheap, and it's getting more expensive, according to the lastest numbers from apartment-research company Abodo. Read more...

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Minnesota Autism Center gets 50,000-square-foot building expansion

August 12, 2016 The new 50,000-square-foot school sits directly west of MAC's existing school building on 6.5 acres of land. It will be able to house an additional 150 students and 130 staff members. Read more...

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Limited-service hotels leading the way in hospitality boom

August 10, 2016 Is this the longest upswing in the Minneapolis hotel market in … forever? It just might be. Just ask Ronn Thomas, senior director of hospitality for Cushman & Wakefield/NorthMarq. Read more...

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Vikings, Kraus-Anderson start construction of new training facility and headquarters near Minneapolis

August 04, 2016 The Minnesota Vikings began construction earlier this week on their new practice facility and team headquarters. If all goes according to plan, the Vikings' new campus in Eagan, Minnesota, will open in March of 2018. Read more...

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CBRE arranges $9 million financing for Minnesota industrial park acquisition

August 03, 2016 CBRE Capital Markets’ Debt & Structured Finance team have arranged $9 million in debt and equity for the acquisition of Park Industrial Village, a seven-building, 232,674-square-foot industrial park located in Plymouth, Minnesota. The building was 93 percent leased at the time of closing. Read more...

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Multifamily property located on Lake Superior sells for $19.75 million

August 02, 2016 Built in 1973, the property is located at 3800 London Road near downtown Duluth and the Canal Park recreation area on the North Shore of Lake Superior. Read more...

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Whole Foods’ distribution center to make a big impact on Chicago’s South Side, entire Midwest

July 28, 2016 Whole Foods this week began construction of a new Midwest distribution center that will bring more than 100 new jobs to the South Side of Chicago and help the company better serve its growing roster of stores throughout the Midwest. Read more...

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Apartment building comprised of micro units near University of Minnesota sells for $9.4M

July 27, 2016 With the smallest studios sized at just 402 square feet, Coze Flats tested the waters for efficient “micro” apartments in the Minneapolis-St. Paul market when it opened in 2014. Read more...

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KBS Realty Advsiors announces new leases and renewal at Northland Center in Bloomington, Minnesota

July 26, 2016 KBS Realty Advisors announced the signing of three leases totaling 25,121 square feet at Northland Center, a Class A office property in Bloomington, Minnesota. Read more...

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Brewing company signs long-term lease at Miller Textile building in Minneapolis

July 20, 2016 Renovation began in December 2015 and the property is being transformed from the historic Miller Bag Building into creative, dynamic office and retail space. Read more...

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Dominium adds pair of associates to its Minnesota office

July 18, 2016 Dominium has hired Trevor Martinez and Ahmed Abdelhameed as staff associates at its Plymouth, Minnesota-based headquarters. Read more...

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Valley Natural Foods to open new meat 16-acre processing plant in southern Minnesota

July 13, 2016 Valley Natural Foods acquired 16 acres of land, including a building that will be retrofitted to meet the growing demand of livestock producers and serve the needs of family farms in 10 Southern Minnesota counties. Read more...

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