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Minnesota Real Estate Journal
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1.5 billion square feet! STORAGECafe report shows that self-storage industry remains strong
Commercial sectors that have best weathered the economic downturns caused by the COVID-19 pandemic? Most people would point to industrial and multifamily. But there's another sector that has remained strong even during the worst days of the pandemic: self-storage.

Midwest Commercial Real Estate Hall of Fame 2020: Taft’s Justin Weinberg
Each year, Midwest Real Estate News inducts a new class in its Commercial Real Estate Hall of Fame. Last year — despite the challenges it brought — was no exception. Here’s a look at one of our newest Hall of Fame members, Justin Weinberg, partner with law firm Taft in Minneapolis.

Zumper report: Minneapolis Apartment rents still climbing back during pandemic
Apartment rents have fallen in the Twin Cities since the COVID-19 pandemic took hold of the United States nearly a year ago. But the good news? While median multifamily rents are down or mostly flat in the Twin Cities today, they haven't plummeted. And the future looks brighter for the local apartment market.

Ivy Properties, United Properties to start construction on 136-unit seniors housing community in Fridley
Ivy Properties and United Properties, along with capital partner Axial Real Estate Advisors, on March 17 will host a ground-breaking ceremony for the Willows Bend seniors housing community in Fridley, Minnesota.

CBRE helps Minnesota Department of Employment and Economic Development find new home
The Minnesota Department of Employment and Economic Development (DEED) is moving its headquarters to the Great Northern Building at 180 E. Fifth St. in St. Paul, Minnesota.

Davis to develop 400,000-square-foot medical center in Brooklyn Park
Allina Health has formed a joint venture with Surgical Care Affiliates, which has hired Minneapolis-based Davis to develop and own its first new ambulatory surgery center in Brooklyn Park, Minnesota.

Colliers Mortgage provides $18.2 million purchase loan for 98-unit apartment complex in Minnesota
The Minneapolis office of Colliers Mortgage recently closed an $18.2 million Fannie Mae loan for the acquisition financing of Crossroads at Elm Creek in Maple Grove, Minnesota.

MV Ventures names VP and general counsel
Eagan, Minnesota-based MV Ventures, the full-service real estate development firm owned by the Wilf Family and responsible for the development, construction, management and activation of multiple Minnesota properties, has named construction and real estate attorney Matt Slaven as vice president and general counsel.

SRS Real Estate Partners closes $2.35 million of retail property in North Dakota
SRS Real Estate Partners’ National Net Lease Group has closed the $2.35 million sale of a 23,500-square-foot single-tenant retail property. Located at 3225 30th Avenue S. in Grand Forks, North Dakota, the property has a triple-net, corporate guaranteed lease in place with OfficeMax.

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