St. Paul

BKV Group ends final phase of construction of Upper Post Flats in St. Paul

Minneapolis-based BKV Group said that the final phase of Upper Post Flats, an affordable housing development that repurposed buildings at the landmark Fort Snelling site…

Minneapolis-St. Paul a favored target for developers of build-to-rent homes

It's a growing trend across the Midwest: Developers are bringing build-to-rent homes to communities across the region. And according to a recent report from Northmarq,…

U.S. office sector doldrums continued into end of 2023

The U.S. office sector ended 2023 in much the same way it started the year: Vacancy rates were up and asking rents were down.

JLL Capital Markets provides financing for 321-unit Twin Cities seniors housing portfolio

JLL Capital Markets has arranged the acquisition financing of three independent, assisted-living and memory-care communities in the greater Minneapolis-St. Paul MSA. JLL represented the borrower, an…

Senior Living Investment Brokerage sells 65-unit memory care facility in St. Paul

Senior Living Investment Brokerage facilitated the sale of a memory care facility in St. Paul, Minnesota. The facility consists of 65 units and was built…

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. C.R.E.C. members…

Berkadia report: Twin Cities apartment units are still filling up … even with the economy’s challenges

The Minneapolis-St. Paul multifamily market faces challenges, with high interest rates topping the list. But demand for multifamily space here remains high, with tenants still…

JLL completes two office leases in Twin Cities market for financial services provider

JLL helped Alerus Financial, N.A. complete office lease transactions for two broader Minneapolis – St. Paul market locations, helping the company relocate its Shoreview and…

A bundling of challenges: The healthcare real estate sector is far from immune to today’s economic and staffing hurdles

Medical providers are increasingly moving into traditional office spaces today. That’s not surprising, as office vacancies continue to rise. Landlords need to fill their empty…

So many challenges to overcome: Construction companies navigating a tough economic environment

The story isn’t shocking to anyone who’s followed commercial construction: High interest rates and the rising costs of materials and labor are making it more…

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