Minnesota

MinnesotaFinanceSeniors Housing

Colliers Mortgage closes $11 million refi loan for seniors housing in Minnesota

The Minneapolis office of Colliers Mortgage, part of Colliers International|U.S., recently closed an $11 million HUD 223(a)(7) loan for the refinancing of Realife Cooperative of…

MinnesotaSeniors Housing

JLL closes sale of 66-room seniors community near Minneapolis

JLL Capital Markets recently facilitated the $18.75 million sale of The Estates at Arbor Oaks, an active adult 55+ Community near Minneapolis, Minnesota. JLL worked…

MinnesotaMultifamily

The Birches acquires apartments in New Hope, rebrands property as The Birchway

The Birches, LLC, a partnership between Elizabeth Wall Lee, vice president of acquisitions of The Wall Companies, and Stuart Simek, president of Simek Property Group,…

MinnesotaCRE

Colliers pros: Challenges await, but there is plenty of hope for Twin Cities CRE market in 2021

These remain challenging times for the Minneapolis-St. Paul commercial real estate market. The Twin Cities, like the rest of the country, continue to suffer through…

MinnesotaFinanceMultifamily

Colliers Mortgage provides acquisition financing for 74-unit apartment property in Minnesota

The Minneapolis office of Colliers Mortgage recently closed a Fannie Mae loan for the acquisition financing of Henley, a 74-unit market-rate multifamily apartment property in…

MinnesotaCRE

Mendota Heights’ Bituminous Roadways celebrates 75 years in business

Mendota Heights, Minnesota-based Bituminous Roadways, Inc., a local asphalt contractor, will celebrate 75 years in business this year. With a humble beginning of a three-man…

MinnesotaMissouriTexasIndustrial

REIT acquires 14-property self-storage portfolio

JLL’s capital markets team has closed the sale of a 14-property, 8,517-unit self-storage portfolio in markets including Austin, Dallas-Fort Worth, Houston, Minneapolis-St. Paul and St.…

MinnesotaOffice

COVID’s grip remains tight on Minneapolis-St. Paul office market

Vacancy rates in the Minneapolis-St. Paul office market continued to rise in the fourth quarter of the year, according to the latest data from Newmark.…

MinnesotaRetail

KW Commercial facilitates sale of 40,000-square-foot shopping center in Brooklyn Center

KW Commercial helped negotiate the sale of Humboldt Square Shopping Center at 6800-6840 Humboldt Ave. North, a 40,390-square-foot retail strip center in Brooklyn Center, Minnesota.…

MinnesotaSeniors Housing

CBRE helps sell 90-unit seniors community in Red Wing

CBRE has arranged the sale of Downtown Plaza, a 90-unit independent 55-plus senior living community at 434 W 4th St. in Red Wing, Minnesota. An…