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REBusiness Online A venture of Lupe Development and Wall Cos. has broken ground on Snelling Yards, a 95-unit apartment property in Minneapolis. Lupe, of Roseville, Minn., and Wall, of Minneapolis, are building the property at 3601 East 44th St., about ...
Minneapolis/St. Paul Business Journal SPS Commerce Inc. has agreed to renew its 200,000-square-foot office lease at its namesake SPS Tower in Minneapolis. The software manufacturer, which has been a tenant at the building for the past 20 years, extended its ...
Minneapolis/St. Paul Business Journal An affiliate of Abacus Capital Group has paid $63 million, or $157,894/unit, for the 399-unit Meridian Point Apartments in Burnsville, Minn. The New York investment firm acquired the property, at 251 McAndrews Road West, from an ...
Cortland Mill District, which has been renamed Grand Mill District, serves as collateral for a $39.7 million loan that's securitized through FREMF, 2023-KF158. The floating-rate loan pays a coupon pegged to SOFR plus 190 basis points and matures in 2033, ...
Minneapolis/St. Paul Business Journal Weidner Apartment Homes has paid $77 million, or $242,138/unit, for Cortland Mill District, a 318-unit apartment complex in Minneapolis. The Kirkland, Wash., investor acquired the property, at 313 Washington Ave. South, from Cortland of Atlanta in ...
Minneapolis/St. Paul Business Journal Namdar Realty Group has paid $4 million, or $8.57/unit, for the leasehold interest in 8500 Tower, a 467,000-square-foot office property in Bloomington, Minn. The Great Neck, N.Y., company acquired the building, at 5800 84th St. West, ...
REBusiness Online Opus has broken ground on the Arcadia, a 115,000-square-foot office property in Minneapolis. The Minnetonka, Minn., developer is building the property at 5100 Eden Ave., about 10 miles south of the city's downtown. The Arcadia will have a ...
Centerspace has sold five apartment properties with 832 units in and around St. Cloud, Minn., for $124 million, marking its exit from the area, which is roughly 65 miles northwest of Minneapolis. CBRE arranged the transaction. The Minot, N.D., REIT, ...
The buyer is a Houston investor group, Fremont Street Ventures.
Commercial Real Estate Direct Staff Report Nuveen Real Estate has sold the 216-unit Flux Apartments in Minneapolis for $36.1 million, or $167,129/unit. The buyer is a Houston investor group, Fremont Street Ventures. Nuveen, which was represented by JLL Capital Markets, ...
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