Minneapolis’ Dougherty Funding hires industry vet as EVP

June 27, 2016 Minneapolis' Dougherty Funding has hired Murray Kornberg as executive vice president. Read more...

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Zumper study: Multifamily rents keep rising in Minneapolis

June 23, 2016 There's a reason why so many developers are building new apartment towers in downtown Minneapolis: The demand for multifamily space is high. And with that high demand comes something building owners love, higher monthly rents. Read more...

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Mike Wilhelm returns to CBRE as senior vice president in Minneapolis

June 20, 2016 A 25-year commercial real estate industry veteran, Wilhelm spent the last 15 years with Zeller Realty Group, most recently as senior vice president where he led the Minneapolis office leasing team. Read more...

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The Cornerstone office building in Minnesota sells for $1.8 million

June 20, 2016 Marcus & Millichap announced that The Cornerstone, a 13,765-square foot office property located at 1 Central Avenue West in Saint Michael, Minnesota, has sold for $1.81 million. Read more...

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New medical office building planned for Brooklyn Park

June 20, 2016 Ryan Companies unveiled plans to develop, build and manage a new 40,000-square-foot medical office building located within the 610 Zane Business Park in Brooklyn Park. Read more...

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NorthMarq’s Blumberg: Skin in the game matters when it comes to commercial financing

June 20, 2016 Midwest Real Estate News recently spoke to Susan Blumberg, senior vice president and managing director with the Chicago office of NorthMarq Capital, about how busy developers and investors are these days when it comes to requesting commercial financing for new developments and acquisitions. Blumberg's answer? Very Read more...

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Onward Investors promotes two Minneapolis team members to vice president

June 16, 2016 Onward Investors has promoted Barb Jones to vice president and controller, and Scott Schmitt to vice president of acquisitions. Both have previously served as directors. Read more...

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Cardigan Ridge Senior Living breaks ground in Little Canada, Minnesota

June 15, 2016 Located at 3300 Rice Street, just south of I-694, the 158,000-square-foot senior community will provide independent living, assisted living and memory care apartments with a variety of styles -- many with decks, screen porches, balconies and views of Black Tern Pond. Read more...

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Walgreens drugstore in Sauk Rapids, Minnesota sells for $11.5 million

June 15, 2016 The buyer was a private 1031-exchange investor, according to Brian Parmacek, a director in Marcus & Millichap’s Net Leased Properties Group. Read more...

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Latest research: Indiana still a manufacturing, logistics leader

June 15, 2016 Indiana has always been known as a leader in manufacturing and logistics. Its central location helps, as does its skilled workforce and pro-business government. A new infographic, created by JLL, provides yet more evidence that Indiana remains a powerhouse when it comes to manufacturing. Read more...

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Construction on new Roseville, Minnesota senior living community breaks ground

June 13, 2016 The 115-unit senior community will provide 85 independent living and assisted living apartments with a variety of floor plans, 24 memory care apartments and six care suites. Read more...

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Your CRE professional does what? A look at the hobbies of some of the Midwest’s most successful commercial pros

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Lee & Associates opens Minneapolis office

June 10, 2016 The office, located at 5353 Gamble Drive, St. Louis Park, is headed by veterans and former Cassidy Turley, Transwestern and Cushman & Wakefield brokers Chris Garcia, Jeff Minea, Duane Poppe, SIOR, CCIM, and Kai Thomsen. They have more than 75 years of CRE experience in the Twin Cities area collectively. Read more...

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Apartment rents reach another all-time high

June 06, 2016 Apartment living isn't getting any cheaper, with the amount that renters are paying each month in rent rising yet again in May. The most recent Yardi Matrix multifamily report said that the nationwide average apartment rent rose $10 in May to $1,204. That is an all-time high for apartment rents. Read more...

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CBRE report: Minneapolis becoming a hot spot for microbreweries

June 02, 2016 Minneapolis has become a hub for microbreweries, according to research from CBRE. CBRE reported that since 2011, microbreweries with taprooms have occupied more than 480,500 square feet in the metropolitan Minneapolis area. Credit the 2011 "Surly Law," which gave craft brewers the right to sell their products to consumers onsite. CBRE says that this law resulted in a boom in the number of new microbreweries and an expansion of local, existing ones. Read more...

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Minneapolis’ Ryan Companies hires healthcare development manager

May 31, 2016 Ann Duginske has joined Minneapolis' Ryan Companies US as healthcare development manager. She now works with hospitals, health systems and independent physician groups. Read more...

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Kraus-Anderson’s commitment to safety earns the firm Governor’s Safety Award

May 24, 2016 Kraus-Anderson has one of the best safety records in the construction industry, the firm said--a performance that for 25 consecutive years has earned the company the Governor’s Safety Award. Read more...

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Original Pancake House opening restaurant at former Hurricane Grill & Wings space inside Minneapolis plaza

May 23, 2016 The Original Pancake House will be opening a new 36,218-square-foot restaurant in Minnetonka, Minnesota at the 7-Hi Shopping Center. Read more...

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New study shows that co-working, flexible office space is on the rise

May 19, 2016 U.S. office buildings are more frequently offering tenants co-working space today, office space that employees from several different companies share as a way to save on the cost of space and equipment. Read more...

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Dominium’s Minnesota HQ announces recent promotion

May 16, 2016 In his new role, Sween will be responsible for overseeing design, constructions and financing of new and existing apartment communities throughout the United States. Read more...

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