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Minneapolis/St. Paul Business Journal Bigos Management Inc. has acquired the Expo, a 369-unit apartment property in Minneapolis. The purchase price could not yet be learned. However, it was assessed this year at more than $130 million, according to Hennepin County, ...
JLL Capital Markets has arranged $60.14 million of financing for the construction of the 244-unit Avalon Apartments and Townhomes in Eagan, Minn. Alerus Financial Corp., of Grand Forks, N.C., provided a $45 million construction loan, while Centerspace, a Minneapolis REIT, ...
REBusiness Online The McKnight Foundation has agreed to fully lease the 50,000-square-foot office property at 921 Washington Ave. South in Minneapolis. The foundation was represented by KimbleCo., while the owner of the property, STF Holdings LLC, was represented by Transwestern. ...
The owner of Minneapolis' IDS Center office complex has negotiated a term extension of up to three years for the property's $151.66 million mortgage, which had matured in May. The property, at 80 South 8th St., is owned by Accesso ...
Finance & Commerce Eyde Development has paid $29 million, or $142.40/sf, for three Minneapolis-area warehouses with 203,653 square feet. The Lansing, Mich., company bought the properties from Capital Partners of Minneapolis, which had acquired them in 2017 as part of ...
Commercial Real Estate Direct Staff Report Colliers Mortgage has arranged $26.7 million of Fannie Mae financing against the 444-unit Montreal Courts Apartments in Little Canada, Minn., about 12 miles east of Minneapolis. The 10-year loan allows the owner of the ...
Minneapolis/St. Paul Business Journal FPA Multifamily has paid $89 million, or $204,597/unit, for Gates at Carlson Center, a 435-unit apartment property in Minnetonka, Minn. The San Francisco investment manager purchased the property from a trust managed by DWS Group, which ...
Commercial Property Executive U.S. Bancorp has renewed its 447,000-square-foot lease at the company's headquarters, the 935,651-sf U.S. Bancorp Center office property in Minneapolis. The bank holding company was represented by JLL, while the owner of the property, Piedmont Office Realty ...
Altus Properties has paid $33.27 million, or $133.22/unit, for Gateway Interstate Logistics Center, a 249,740-square-foot industrial property in Arden Hills, Minn. The Clayton, Mo., investment firm purchased the property from Scannell Properties, which was represented by CBRE. Gateway Interstate Logistics ...
Multi-Housing News Greystar has completed construction of Summerwell Maple Grove, a 220-unit apartment property in Maple Grove, Minn. The Charleston, S.C., developer broke ground on the property, at 10339 Orchid Lane N, in summer 2022. The property is 19 miles ...
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