Study finds big drops in apartment rents in Minnesota, Illinois
The multifamily market has been especially resilient during the last 12-plus months. But even this sector has been hit in some ways by the COVID-19…
Minnesota
19-year veteran retiring from Minneapolis’ United Properties
After 19 years of service to Minneapolis-based United Properties, Keith Ulstad, senior vice president of retail investment and development, will retire on July 1 of…
Real Estate Equities opens 168-unit affordable housing project in Minnesota
Real Estate Equities opened its newest affordable community, Spring House Apartments, in Coon Rapids, Minnesota. The development is currently 27 percent occupied. The 168-unit development,…
Employee Retention Credit: The impact of Notice 2021-20 on 2020 941s and income tax return filings
What do changes to the Employee Retention Credit mean to you and your business?
Minnesota’s Kraus-Anderson Insurance names assistant vice president
Burnsville, Minnesota-based Kraus-Anderson Insurance has promoted Rocky Bullis to assistant vice president of property and casualty. In his new leadership role, Bullis will oversee KA…
Schafer Richardson starts building 237-unit apartment development in Minnesotas
Schafer Richardson has begun construction on Rya at RF64, a 237-unit apartment development at 6300 and 6400 Richfield Parkway in Richfield, Minnesota. The project will…
Back to the office: Just what will that look like?
COVID-19 vaccinations are increasing in the United States, with the country now administering more than 2 million doses a day on average. This is leading…
NorthMarq provides more than $41 million in debt for 249-unit multifamily property in Minnesota
Brett Hood, managing director of NorthMarq’s Chicago regional office, secured more than $41.479 million in Freddie Mac debt to facilitate the acquisition of Hinton Heights…
CBRE closes sale of 80,000-square-foot industrial warehouse in Minnesota
CBRE has arranged the sale of the recently completed InverPoint Business Park I, an 80,000-square-foot industrial warehouse facility in Inver Grove Heights, Minnesota. The building,…
CBRE sells 249-unit apartment community in Minneapolis suburbs
CBRE has arranged the sale of Hinton Heights, a 249-unit multifamily community in the Twin Cities suburb of Cottage Grove, Minnesota. Curtis Capital Group sold…