RE Journals – The Midwest’s leading source for commercial real estate news
The latest headlines from
Minnesota Real Estate Journal
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Demand still soaring for industrial space. But will rising rates scuttle new developments?
Demand for industrial product remains high throughout the Twin Cities market. The challenge? Rising interest rates are already scuttling several planned industrial developments, something that will make it that much more challenging for end users to find space in this market.

An end to the days of soaring multifamily rents in the Twin Cities?
The multifamily market in the Minneapolis-St. Paul market has been hot for a long time, with demand for apartment units almost as strong as the demand for industrial assets in the Twin Cities region.

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.

NAI Legacy closes sale of former auto parts business in Minneapolis
NAI Legacy recently helped local Minnesota buyers acquire a former Advance Auto Parts property in Minneapolis with the intention to convert it into the new Exuberance Chiropractic & Wellness Center.

Doran Companies building 176-unit multifamily project in Twin Cities market
Doran Companies began construction on a 176-unit multifamily project in Plymouth, Minnesota. Doran is developing, designing, building and managing the project at 10010 6th Avenue N. in the northwest quadrant of Highway 55 and Highway 169.

KW Commercial sells 10,068-square-foot medical office in Minneapolis
KW Commercial recently closed the sale of Northeast Clinic; a 10,068-square-foot medical office building in Minneapolis, Minnesota.

Minneapolis’ Meritex names chief executive officer
Tom Hotovec has been named chief executive officer of Minneapolis-based real estate and investment company Meritex. He will begin his new role Jan. 1, 2023.

Water Street Partners buys flex/tech building in Minnesota community
Twin Cities-based Water Street Partners has closed on the purchase of a flex/tech building in Eagan, Minnesota, for $35.5 million.

CBRE sells 177,153-square-foot distribution center in Minnesota
CBRE has arranged the sale of DuPont Distribution Center, a 177,153-square-foot distribution center in Burnsville, Minnesota.

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