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The latest headlines from
Minnesota Real Estate Journal
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Detroit follows the trends: Apartment rent growth has stalled across the country
Monthly apartment rents are falling in the Detroit metropolitan area, for both one- and two-bedroom apartment units, according to the latest research from Zumper.



Challenges? Sure. But industrial properties still generating high demand
Despite the challenges of higher interest rates, industrial properties remain one of the most in-demand commercial real estate asset classes across the nation, according to CommercialEdge's November industrial report.



How CREC achieves strong long-term performance
Fairly often, potential new investors ask us whether our consistently strong investment results are the product of a “secret sauce.” There is no secret sauce, but this question recently triggered an internal discussion to try to define our actual perceived advantage. Our conclusion was that CREC’s superior long-term performance is a result of our size, our ability to be very focused, and our commitment to a highly disciplined investment strategy.


Forte helps Revo Health find new home in Bloomington’s Northland Center
Forte's senior vice president Katie Trevena and principal Steve Brown advised Revo Health in the healthcare firm's selection of Northland Center in the Minneapolis market as its new corporate headquarters.

Twin Cities-based CRE cycling group helps kids in need get wheels of their own
Commercial Real Estate Cyclists (C.R.E.C.) wrapped up its third season in the Twin Cities helping kids in need get wheels of their own.

Kraus-Anderson Construction director elected to chair of North Dakota health foundation
Kevin Magstadt, director of business development for Minneapolis' Kraus-Anderson Construction, has been elected to chair of the board of the Sanford Health Foundation Bismarck. 

Kraus-Anderson taking on addition, renovation work at Lake Superior College in Duluth
Kraus-Anderson has begun an addition and renovation project that relocates Lake Superior College’s manufacturing program from downtown Duluth, Minnesota, to the college’s main campus.  Located at 2101 Trinity Road, LSC’s 97-acre main campus overlooks Lake Superior and St. Louis River bay.

Upland Real Estate Group closes sale of former Good Earth property in Roseville
Upland Real Estate Group's net lease team of Keith Sturm, Deborah Vannelli and Amanda Leathers represented the seller in the sale of the 1901 Highway 36 net-lease investment property in Roseville, Minnesota, for $2.45 million.

Colliers Mortgage closes $26.6 million refinance loan for Minnesota apartment development
The Colliers Mortgage Minneapolis team of Tony Carlson and Ben Fazendin have closed a $26.6 million Fannie Mae loan for the refinancing of Montreal Courts Apartments in Little Canada, Minnesota.

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