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Cushman & Wakefield/NorthMarq's Ohmes: We need more clarity from the federal government

Cushman & Wakefield/NorthMarq's Ohmes: We need more clarity from the federal government

Minnesota Real Estate Journal earlier this month spoke with Mike Ohmes, executive vice president for transaction and advisory services with Minneapolis' Cushman & Wakefield/NorthMarq, about the state of commercial real estate in the Twin Cities. During the discussion Ohmes said that real estate activity was on the rise. But he also said that commercial activity would be even stronger if the federal government wasn't bringing so much uncertainty into the market.

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Marcus & Millichap multi-family brokerage division sells technology center on University of Minnesota campus

Institutional Property Advisors (IPA), a multi-family brokerage division of Marcus & Millichap serving the needs of institutional and major private investors, recently arranged the sale of the University Technology Enterprise Center (UTEC), a 180,000-square-foot business incubation center on the University of Minnesota campus. The asset, which will be converted to student housing, brought a sales price of $12.9 million, or approximately $82 a square foot.