Minnesota

Schafer Richardson closes on affordable housing development in Minnesota community

Schafer Richardson closed on the acquisition and construction financing for Croft at Rosecott, a 164-unit affordable housing community at the intersection of Akron Avenue and…

U.S. office sector doldrums continued into end of 2023

The U.S. office sector ended 2023 in much the same way it started the year: Vacancy rates were up and asking rents were down.

JLL Capital Markets provides financing for 321-unit Twin Cities seniors housing portfolio

JLL Capital Markets has arranged the acquisition financing of three independent, assisted-living and memory-care communities in the greater Minneapolis-St. Paul MSA. JLL represented the borrower, an…

One type of office space that isn’t seeing soaring vacancy rates? High-rises

While demand for office space has been sluggish since the start of the COVID-19 pandemic, there is one office sector that is still seeing lower…

Cinnaire closes funds totaling $193 million

Cinnaire has announced the closing of two Low-Income Housing Tax Credit funds totaling $193 million. These multi-investor funds – Cinnaire Fund for Housing (Fund 40)…

Unispace Group makes several key leadership changes

Workplace global design and construction firm Unispace Group, which is active in the Midwest, recently made key leadership changes. The company has expanded significantly over…

Minnesota CRE icon Kelly Doran passes away; Son Evan Doran assumes leadership of The Doran Group

Eden Prairie, Minnesota-based CRE developer and builder The Doran Group on Dec. 28 announced the passing of company founder Kelly Doran.

Reshoring, higher interest rates and a slowdown in deal activity: These all defined 2023’s industrial sector

A surge in U.S. manufacturing. High interest rates that choked off deal activity. A clog in the development pipeline. These were all key trends in…

PACE Loan Group’s Golberstein: Higher rates caught many developers flat-footed this year

Who would argue that higher interest rates weren’t the biggest financial story this year? Certainly no one in the commercial real estate business.

CBRE closes sale of 35-unit multifamily property in Eagan

CBRE has arranged the sale of Eagan Gables Townhomes, a 35-unit multifamily property in Eagan, Minnesota. Kentaurus Capital purchased the property from Eagan Gables LLC…

Minnesota

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