Top Transactions: Travelers subsidiary paid $17 million for industrial...
The parties weren’t talking when the deal closed in October, but sales records now show the New York-based Travelers Cos. paid $17 million for a portfolio of 11 industrial properties in Shoreview and...
View ArticleTop Commercial Transactions: Competitor swoops in, buys sites at Lyndale...
Plans for a new liquor store and retail center on the southeast corner of West 27th Street and Lyndale Avenue South are on hold after a competing liquor store owner scooped up part of the land needed...
View ArticleTranswestern tapped to sell apartment portfolio
The Minneapolis office of Houston-based Transwestern has been retained to sell a three-property, 341-unit portfolio of apartment properties in St. Paul, Maplewood and Farmington.
View ArticleStreamlining corporate real estate
Minneapolis-based accounting firm McGladrey LLP announced that the company was moving its corporate headquarters to Chicago. Wells Fargo & Co. previously announced that an unspecified number of...
View ArticleValspar to spend $30M on renovating former headquarters
Minneapolis-based Valspar Corp. plans to invest $30 million to renovate its former headquarters building in downtown Minneapolis into a state-of-the-art research and development facility.
View ArticleDara Rudick leaving MNCAR
MNCAR has tapped Matt Anfang to serve as the interim executive director of MNCAR.
View ArticleLandlord’s market ahead? Office space disappearing in ‘A’ buildings
Landlords battered by the real estate recession are beginning to see a flicker of hope with rising occupancies in premier office buildings.
View ArticleJust Sold: Transwestern pays $5.8M for former Trooien property
Another piece of St. Paul developer Jerry Trooien’s real estate empire has been chipped off and sold, part of the continuing fallout from the 2010 bankruptcy of JLT Group.
View ArticleTop Commercial Transactions: Travelers sells Roseville industrial property...
St. Paul Fire & Marine Ins. Co., an entity related to Travelers, sold an 82,500-square-foot building and 4.3-acre site in Roseville for $3.25 million to LLR Investments, the real estate arm of...
View ArticleAre ‘B’ buildings poised for a rebound?
The beleaguered B office market has struggled to climb out of the steep real estate recession. This could be a year when that momentum finally begins to shift in favor of B buildings.
View ArticleDowntown Minneapolis sees slow return of office development
More than a decade has passed since a new office tower appeared on the downtown Minneapolis skyline, but new plans are beginning to take shape.
View ArticleJust Sold: Southgate Office Plaza sells for $6.9 million
The purchase price is a steep discount from the $18.25 million last paid in 2000, according to property records.
View ArticleOnward Investors buys Plymouth office showroom
An affiliate of Edina-based Onward Investors has acquired the Tech West 55 office showroom property in Plymouth for $5.5 million.
View ArticleIconic Peter’s Grill to close
The long-standing dining destination in downtown Minneapolis is set to close after serving lunch on Saturday. The restaurant has operated in three different locations in downtown Minneapolis since 1914.
View ArticleHeads up: When it’s time to renew lease, scrutinize options
Those tenants tempted to automatically reach for the pen when their landlords send a notice of pending lease renewal may want to think again.
View ArticleThe wave that wasn’t: Lack of distressed properties disappoints buyers
Bargain hunters hoping to pick up commercial real estate properties for cents on the dollar are seeing those opportunities disappear.
View ArticleBrooklyn Park sticks by a field of dreams
City Council members recently said they did not want FedEx to build a 303,000-square-foot-plus distribution center at the southeast corner of U.S. Highway 169 and 109th Avenue.
View ArticleTwin Cities land sales stage a comeback
Year-to-date through August, Real Capital Analytics has noted more than 20 land sales that are earmarked for commercial or multifamily development projects.
View ArticleImpact players join ‘Hall of Fame’
The Shenehon Center For Real Estate inducted five new members to its Minnesota Real Estate Hall of Fame at an awards presentation Thursday.
View ArticleCracking the $20 net rent ceiling
Despite an abundance of empty space still available in downtown Minneapolis, ambitious landlords in a few select buildings are pushing rents to record levels.
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