Minnesota

Two local developers buy Intrepid Building in Duluth

Two Duluth, Minnesota-based developers have purchased the Intrepid Building at 230 E. Superior Street in Duluth, Minnesota. Brian Forcier, chief executive officer of Titanium Partners,…

Northmarq closes $45 million refinance of 262-unit apartment development in Minnesota

Andy Finn, senior vice president, and Dan Trebil, managing director of Northmarq’s Minneapolis debt/equity team, negotiated the $45.025 million refinance of Axle Apartments in Fridley,…

PCCP, Sotarra and The Exclesior Group to develop 58-unit built-for-rent development in Twin Cities suburb

PCCP, LLC, Sotarra, LLC and The Excelsior Group have formed a partnership for the development of Edgewater on Cook Lake, a 58-unit detached single-family built-for-rent…

Work-from-home? A flight to quality? Rising vacancies? Property managers can help office building owners navigate challenging times

These are challenging times for the owners of office buildings. The work-from-home movement has meant that many companies are moving to smaller office spaces as…

Northmarq hires veteran investment sales team

Northmarq’s expansion into investment sales has moved into the company’s corporate headquarters market of Minneapolis/St. Paul following four years of growth that added more than…

Americans’ love affair with stuff: Investor interest in self-storage space still on the rise

How much extra stuff do Americans bring into their homes each year? StorageCafe says that one in three Americans have so much that they need…

Minneapolis’ Colliers Mortgage adds SVP of affordable production

Tabaré Borbón has Minneapolis-based Colliers Mortgage as senior vice president, affordable production. He will be located in New York where he will focus on originating…

Lagging momentum? No sign yet in the Twin Cities multifamily market

The momentum in the Twin Cities’ multifamily market isn’t slowing, even with higher interest rates and nagging inflation. Vacancies in apartment towers in downtown and…

Northmarq closes $10.29 million loan for multifamily property in Minnesota

Andy Finn, senior vice president of Northmarq’s Minneapolis debt and equity team, arranged the $10.29 million permanent-fixed loan for Hillside East Apartments. The multifamily property…

Minneapolis’ Knutson Construction names VP of technology

Minneapolis-based Knutson Construction has promoted Katie Montag to vice president of technology and innovation. In this new role, Montag will develop and lead the execution…

Minnesota

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