City: Minneapolis

Minneapolis/St. Paul Business Journal Mortenson Development is planning a 233-unit apartment complex at 9920 Wayzata Blvd. in St. Louis Park, Minn. The Minneapolis developer received approvals for the development from the St. Louis Park Planning Commission last week. About 47 ...

Kohan Retail Investment Group has purchased the distressed $62.7 million loan against the Burnsville Center shopping mall outside of Minneapolis. The Great Neck, N.Y., company paid a total of $20 million for the loan, which was securitized through GS Mortgage ...

An affiliate of STAG Industrial Inc. has paid $14.55 million, or $141.27/sf, for the 102,994-square-foot industrial property at 8175 Jefferson Highway in Maple Grove, Minn., a suburb of Minneapolis. The Boston REIT purchased the property from a partnership of PCCP ...

Minneapolis/St. Paul Business Journal Peak Capital Partners has acquired the 231-unit Royal Oaks Apartments in the Minneapolis suburb of Eagan, Minn., for $46.5 million, or $201,298.70/unit. The Provo, Utah, investor bought the property from Timberland Partners of Minneapolis, which was ...

Multi Housing News Merchants Bank of Indiana has provided $21.5 million of construction financing for the development of a 128-unit apartment complex in Minneapolis. The property, The Bessemer at Seward Commons, is being developed at 2200 Snelling Ave. as part ...

Monument Capital Management has acquired a pair of apartment properties, in suburban Minneapolis and Greensboro, N.C. The Miami investment manager, co-founded by former professional baseball player Alex Rodriguez, paid $19.7 million, or $160,163/unit for the the 123-unit White Pine Apartments ...

Commercial Real Estate Direct Staff Report The $62.7 million distressed loan against the Burnsville Center shopping mall in suburban Minneapolis received a winning bid of $17.1 million at an auction conducted in recent days on the Ten-X Commercial auction website. ...

Multi-Housing News The University of Minnesota has sold to an undisclosed buyer the 122-unit Stadium Village Apartments in Minneapolis for $25 million, or $204,918/unit. JLL brokered the deal for the college. Developed in 1960, the property has studio, one- and ...

The $64.2 million loan against the Burnsville Center shopping mall in suburban Minneapolis has been put on the sales block. NKF has the listing for the distressed loan, which now is classified as being in foreclosure. It is one of ...