144-Unit Apartment Property Opens in Arlington, Va.
April 19, 2024
CenterPoint Sells 3 Ill. Industrial Buildings for $125Mln
April 19, 2024
City: Minneapolis
JLL Secures HUD Financing for Elk River, Minn., Seniors-Housing Property
Commercial Real Estate Direct Staff Report JLL Capital Markets has secured an $18.7 million loan provided under the U.S. Department of Housing and Urban Development's 232/223(f) program against Elk River Senior Living, a 108-unit in Elk River, Minn. Loans provided ...
Piedmont Takes 2 Minn. Properties Offline for Renovation as Major Tenants Vacate
Commercial Real Estate Direct Staff Report Piedmont Office Realty Trust is taking two of its Minneapolis-area office properties offline in order to renovate them, as their main tenants are vacating. The properties are the two-building Meridian Crossings, with 409,603 square ...
Northmarq Provides $39.99Mln Freddie Loan for Maple Grove, Minn., Apartments
Commercial Real Estate Direct Staff Report Northmarq has provided $39.99 million of Freddie Mac financing against the 250-unit Terra Residences apartment property in Maple Grove, Minn. The 10-year loan requires only interest payments for the first seven years, after which ...
Loews Minneapolis Hotel
An investment group comprised of Marcus Corp., Hempel Real Estate and Robinson Park Investments has agreed to buy the 251-room Loews Minneapolis Hotel in Minneapolis. The deal is expected to close in March. The purchase price could not be learned ...
Loews Minneapolis Hotel to Sell
Commercial Real Estate Direct Staff Report An investment group comprised of Marcus Corp., Hempel Real Estate and Robinson Park Investments has agreed to buy the 251-room Loews Minneapolis Hotel in Minneapolis. The deal is expected to close in March. The ...
the Expo
The Golden Valley, Minn., company purchased the property from local developers Gary Holmes and Kelly Doran.
Greystar Sells St. Louis Park, Minn., Apartments for $53.4Mln
An affiliate of Greystar has sold Elan West End, a 164-unit apartment property in St. Louis Park, Minn., for $53.4 million, or $325,609/unit. The Charleston, S.C., developer sold the property to an unnamed company that was represented by JLL Capital ...
CMBS Loan Against Minneapolis-Area Office Moves to Special Servicer
Commercial Real Estate Direct Staff Report The $63.75 million CMBS loan against Excelsior Crossings, a two-building office complex with 501,603 square feet in the Minneapolis suburb of Hopkins, Minn., has transferred to special servicer LNR Partners as it hadn't been ...
Northmarq Arranges $56Mln of Bank Financing for Minn. Apartments
Northmarq has arranged $56 million of financing for the Maple Grove Townhomes, a 155-unit apartment property that's being developed in the Minneapolis suburb of Maple Grove, Minn. A regional bank provided a $35.5 million construction loan, while an institutional pension ...
Bigos Pays $120Mln for Minneapolis Apartment Property
The Real Deal Bigos Management Inc. has paid $120 million, or $325,203/unit, for the Expo, a 369-unit apartment property in Minneapolis. The Golden Valley, Minn., company purchased the property from local developers Gary Holmes and Kelly Doran, which were represented ...
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Commercial Real Estate Direct is the only source -- in print or otherwise -- that keeps close tabs on the entire real estate capital markets industry. It provides up-to-date market intelligence on the mortgage business, equity raising, investment sales and CMBS.
