Minnesota

The biggest hurdle to financing commercial deals today? It’s the uncertainty

The uncertainty is the problem. That’s what makes financing commercial real estate acquisitions and construction loans so difficult today. Just ask Fritz Waldvogel, senior vice…

Demand still soaring for industrial space. But will rising rates scuttle new developments?

Demand for industrial product remains high throughout the Twin Cities market. The challenge? Rising interest rates are already scuttling several planned industrial developments, something that…

NAI Legacy closes sale of former auto parts business in Minneapolis

NAI Legacy recently helped local Minnesota buyers acquire a former Advance Auto Parts property in Minneapolis with the intention to convert it into the new…

An end to the days of soaring multifamily rents in the Twin Cities?

The multifamily market in the Minneapolis-St. Paul market has been hot for a long time, with demand for apartment units almost as strong as the…

Doran Companies building 176-unit multifamily project in Twin Cities market

Doran Companies began construction on a 176-unit multifamily project in Plymouth, Minnesota. Doran is developing, designing, building and managing the project at 10010 6th Avenue…

KW Commercial sells 10,068-square-foot medical office in Minneapolis

KW Commercial recently closed the sale of Northeast Clinic; a 10,068-square-foot medical office building in Minneapolis, Minnesota. David Lund and Andy Manthei, buyer representation specialists…

The Twin Cities’ industrial market: Another banner year in 2023

How strong of a year was 2022 for the industrial market in the Minneapolis area? This sector continued to boom in 2022, with demand for…

Minneapolis’ Meritex names chief executive officer

Tom Hotovec has been named chief executive officer of Minneapolis-based real estate and investment company Meritex. He will begin his new role Jan. 1, 2023.…

Water Street Partners buys flex/tech building in Minnesota community

Twin Cities-based Water Street Partners has closed on the purchase of a flex/tech building in Eagan, Minnesota, for $35.5 million. The property at 1000 Blue…

CBRE sells 177,153-square-foot distribution center in Minnesota

CBRE has arranged the sale of DuPont Distribution Center, a 177,153-square-foot distribution center in Burnsville, Minnesota. Biynah Industrial Partners LLC sold the property to Sterling…

Minnesota

Subscribe