Opus to build spec building next to new Emerson location
Only days after Emerson Electric Co. said it will expand into the former ADC Telecommunications facility in Shakopee, Opus Development announced plans to build an industrial building on spec next door.
View ArticleSan Diego investor pays $14.1M for Lunds store, retail
LLJ Ventures closed Friday on nearly 50,000 square feet of retail at 25 University Ave. SE, across the Mississippi River from downtown Minneapolis.
View ArticleCalifornia firm buys Woodbury Trader Joe’s
Out-of-state investors appear to like upscale Twin Cities grocery retail, the latest example being a California firm’s purchase of the Trader Joe’s and Vitamin Shoppe in Woodbury.
View ArticleReSound’s Bloomington facility sells for $15.7M (update)
The U.S. headquarters and production facility of Danish hearing aid maker GN ReSound has changed hands, according to a certificate of real estate value filed Tuesday in Hennepin County.
View ArticleReport: Twin Cities primed for construction
According to the latest Compass report from Cushman & Wakefield/NorthMarq, leasing activity was strong in the Minneapolis-St. Paul area during the first six months of the year, with vacancy across...
View ArticleWirth’s apartments sell for $25.3M
Commercial Management LLC, an entity owned by incarcerated Twin Cities real estate developer Jeffrey Wirth, sold the Richfield apartment complex to a Denver-based real estate investor for $25.275 million.
View ArticleCanadian investor buys two Oppidan retail centers
Minnetonka-based Oppidan recently sold Cub-anchored retail centers in St. Paul and Brainerd to Slate U.S. Opportunity (No. 2) Realty Trust in a $29.3 million deal.
View ArticleChecking in: ‘Rebuild St. Paul’
Three years after St. Paul Mayor Chris Coleman launched his “Rebuild Saint Paul” initiative, the city has made marked progress in doing just that. The city currently has 67 different projects either...
View ArticleOffice tenants cling to lower property taxes
Building owners and tenants are beginning to wonder if the recovery in the office market may soon put an end to the lower property taxes that they have enjoyed in recent years.
View ArticleOracle & International Centre sells (update)
A joint venture between Investcorp International and Wildamere Properties has purchased the Oracle & International Centre in downtown Minneapolis.
View ArticleFormer State Farm campus under contract (update)
A Florida-based national real estate investment firm appears to have big dreams for the 100-acre former State Farm corporate campus that has been empty for eight years at Interstate 94 and Radio Drive...
View ArticleMidCountry Bank cuts losses on Shops at Village Creek
The city of Brooklyn Park is out nearly $1.8 million in economic development funds after MidCountry Bank foreclosed on its $5.5 million construction loan to The Beard Group of Hopkins for the...
View ArticleRiverview Office Tower sells for $29M
In another sign of out-of-state interest in the Twin Cities office market, PWA Real Estate closed Sept. 26 on the purchase of the 235,000-square-foot office tower in Bloomington.
View ArticleBOMA: Green Line LRT may boost office market
The Building Owners & Managers Association of St. Paul thinks the $957 million Green Line Light Rail Transit project will be a game-changer next year when it starts offering a link between the...
View ArticleBig Lake pushing to sell industrial land
The city of Big Lake is hoping 2014 is the year it sees some action at an industrial park it has owned since before the recession.
View ArticleCompass: Vacancies continue to decline
The vacancy rates across product types are still headed in the right direction, according to the latest Compass Report, released Thursday.
View ArticleDevelopers are checking into hotel projects
Three new projects are under discussion totaling nearly 800 rooms over the next three years, even as other hotels are getting major makeovers.
View ArticleFirst Industrial plans two spec buildings in Brooklyn Park
The office and industrial boom along Highway 610 could be about to expand to the south, with First Industrial Realty Trust pitching a 239,000-square-foot project.
View ArticleBig plans brewing for Pentagon Park
Hillcrest Development is inching closer to finalizing plans for redeveloping Pentagon Park, which it says will be comparable to the massive Normandale Lake Office Park in Bloomington or Centennial...
View ArticleMall of America ready to morph
Construction has begun on a new office tower and 14-story JW Marriott hotel near the Mall of America.
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