Bloomington

MinnesotaFinanceMultifamily

BWE provides $39 million in refinance funds for affordable-housing properties in Twin Cities area

BWE secured $39.042 million in loans to refinance a portfolio of six affordable housing properties in New Hope, Bloomington and St. Paul, Minnesota. The combined…

MinnesotaSeniors Housing

Schafer Richardson celebrates groundbreaking of 128-unit affordable senior housing community in Twin Cities market

Schafer Richardson celebrated the ceremonial groundbreaking of The Rosalyn, a 128-unit affordable senior (55+) housing community at the intersection of Lyndale Ave S. and American…

IllinoisOffice

Coldwell Banker Commercial Devonshire Realty closes sale of corporate campus to Illinois State University

AJ Thoma III with Coldwell Banker Commercial Devonshire Realty brokered the sale of Country Financial/Country Company’s main campus in Bloomington, Illinois, to Illinois State University.…

MinnesotaCRE

Three tips to find “hidden money” in your real estate leases and contracts

I work in a niche of commercial real estate that is critical to business decisions but rarely top-of-mind. In my world of lease administration and…

IllinoisMultifamily

SVN Chicago Commercial sells 238-unit multifamily portfolio across Illinois

SVN Chicago Commercial brokered the sale of a 238-unit portfolio encompassing three multifamily properties across Illinois. This Portfolio, comprising 100% HAP (Housing Assistance Payments) contracts…

MinnesotaMultifamily

Enclave starts construction of 208-unit multifamily property in Bloomington

Enclave broke ground on a 208-unit multifamily project at 6701 W. 78th St. in Bloomington, Minnesota. Ever Apartments is located along I-494. This previously unused…

IllinoisIndustrial

Lee & Associates closes 41,588-square-foot industrial sale in Bloomingdale

Lee & Associates closed a 41,588-square-foot industrial building sale at 250 Covington Drive in Bloomingdale, Illinois.  Jay Farnam, principal, and Peter Spear, senior associate, at Lee & Associates’ Illinois office, represented…

Colliers close 67,000-square-foot lease at Minnesota office building

Colliers’ Michael Gelfman and Nate Karrick have secured a 67,000-square-foot lease at Norman Pointe II, an office building at 5600 American Blvd. in Bloomington, Minnesota,…

Retail apocalypse? It’s not happening in the Twin Cities

Remember those dire headlines warning of a retail apocalypse? Or those news stories predicting the death of brick-and-mortar stores? Turns out, retail wasn’t nearing its…

Plan for your building’s next disaster – it’s coming whether you are ready or not

Any experienced property manager is no stranger to calculated risk management and disaster planning for the assets under their care.  But after a global pandemic…