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Minnesota Real Estate Journal
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The gap between retail and industrial rents? It keeps shrinking, according to JLL report
During the last 10 years, both retail and industrial rents have risen. But how much they've risen tells the tale of just how in demand one of these sectors is.

CORFAC International survey: Optimism on the rise for CRE pros
Brokers and owners from CORFAC International’s member firms looked back on 2020 for the network’s first member outlook survey. The survey revealed that – after a year marked by the tumult of the pandemic, related economic downturn and political and social unrest – CORFAC brokers responded with resiliency and creativity. They shared how they adapted their business practices, identified new areas of opportunity and started off 2021 with measured optimism about the year ahead.

Bots, algorithms and tech-mapped delivery routes: Ryan Companies, Kroger and the future of grocery shopping
The COVID-19 pandemic has brought big changes to the way people shop. And one of the biggest? A growing number of consumers have turned to the Internet to buy their groceries, going online to purchase everything from milk and eggs to toothpaste, deodorant and shampoo.

CBRE arranges $165 million joint venture partnership for big industrial portfolio
CBRE has arranged a joint venture platform partnership between United Properties and PCPP on an 11-building industrial portfolio focused on delivering top-quality industrial product in high-growth markets.

Kraus-Anderson completes expansion of St. Paul-based cancer center
Kraus-Anderson has completed construction on a new $5.5 million expansion of HealthPartners Cancer Care Center - Regions Hospital located at 640 Jackson St. in St. Paul, Minnesota. 

Results Commercial sells 37-unit retail, apartment portfolio in Twin Cities
Mark Hulsey and Hayden Hulsey with Results Commercial have arranged the sale and closing for both the seller and buyer of a seven-property, 37-unit portfolio in Minneapolis and St. Paul.

Minnesota’s Bridgewater Bank adds finance veteran to roster
St. Louis Park, Minnesota-based Bridgewater Bank has hired Shaundra Lex as vice president of business services sales.

Kraus-Anderson wraps construction on $5.5 million cancer center expansion in St. Paul
Kraus-Anderson has completed construction on a new $5.5 million expansion of HealthPartners Cancer Care Center - Regions Hospital at 640 Jackson St. in St. Paul, Minnesota. 

Kelly Doran launches Doran Properties Group in Twin Cities market
Kelly Doran, longtime developer of commercial real estate in the Minneapolis-St. Paul region, has sold all remaining ownership interest in Doran Companies and is launching his new venture, Bloomington, Minnesota-based Doran Properties Group, with more than 160 employees and its entire real estate portfolio under its direct management.

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