Minnesota

CBRE closes $25.54 million refinance loan for Minnesota multifamily community

CBRE secured a $25.54 million loan to refinance Aery, a 147-unit, Class-A multifamily community in Hermantown, Minnesota. CBRE’s Billy Mork, Mike Vannelli and Joel Torborg of CBRE Capital Markets’ Debt…

CRG closes 503,440-square-foot data center lease in Minneapolis market

CRG announced that Daedex, the national custom data center cooling equipment manufacturer and subsidiary of MAS HVAC, has signed a long-term lease for the remaining 503,440…

Green Rush: Minnesota’s $1.5 billion cannabis market needs brokers now

Minnesota’s projected $1.5 billion recreational cannabis market is now in full swing. In June, 3,535 cannabis licenses were issued, and 95% of those operators now…

Saint Thomas Academy, Visitation School celebrate end of construction of family aquatic center in Mendota Heights

Saint Thomas Academy, Visitation School and Opus celebrated the completion of the construction of the STA/Vis Michel Family Aquatic Center with a ribbon-cutting ceremony yesterday. The $12-million facility…

Hyde Development, Mortenson Properties acquire three industrial properties in Twin Cities market

Hyde Development and Mortenson Properties partnered to acquire a portfolio of three fully-leased Class A industrial buildings totaling 360,000 square feet in the Twin Cities…

Mid-America Real Estate Corporation closes sale of 136,757-square-foot shopping center in Rochester

Mid-America Real Estate Corporation’s Investment Sales Group brokered the sale of Broadway Commons, a 136,757-square-foot regional shopping center in Rochester, Minnesota. Broadway Commons is 100% leased to…

The 7 Deadly Sins of 1031 Exchanges and How to Righteously Avoid Them

In the realm of 1031 exchanges, few things are more dangerous than overconfidence. The tax code is complex, the timelines are rigid, and even savvy…

Minneapolis’ United Properties names SVP, commercial development

Minneapolis-based United Properties promoted Connor McCarthy to senior vice president, commercial development. In this expanded role, McCarthy will oversee commercial development activity across both the…

Schafer Richardson celebrates grand opening 164-unit affordable housing community in Rosemount

Schafer Richardson celebrated the grand opening of Croft at Rosecott, a 164-unit affordable housing community at the intersection of Akron Avenue and Connemara Trail in…

Fiber Internet Upgrade: A Strategic Move for Existing Multifamily Properties

As high-speed internet connectivity cements itself as a must-have amenity, Minnesota’s existing multifamily properties are confronting a new challenge: how to remain competitive in a…

Minnesota

Subscribe