City: Minneapolis

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, ...

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, ...

Minneapolis/St. Paul Business Journal Scannell Properties has sold three industrial buildings totaling 428,016 square feet within the NorthPark Business Center in Brooklyn Park, Minn., for $63.5 million, or $148.36/sf. The buyer was not immediately known but is said to be ...

Accesso Partners has exercised an option it previously negotiated to extend the term of the $143.87 million loan against the two-building IDS Center in downtown Minneapolis to next June. The Hallandale Beach, Fla., company had negotiated a term extension two ...

Minneapolis/St. Paul Business Journal An affiliate of Granite Towers Equity Group has paid about $40 million, or $242,424/unit, for Waterstone Place, a 165-unit apartment property in Minnetonka, Minn., about nine miles west of Minneapolis. The Spokane, Wash., company acquired it ...

Minneapolis/St. Paul Business Journal Weidner Apartment Homes has acquired LakeHaus, a 200-unit apartment property in Minneapolis. The purchase price was not immediately known. However, the property was appraised last year at a value of $59.9 million, according to Hennepin County, ...

Finance & Commerce An affiliate of Broadstone Net Lease Inc. has paid $53.8 million, or $89.70/sf, for the 599,778-square-foot industrial property at 701 Industrial Blvd. NE in Minneapolis. The Victor, N.Y., company acquired the building from an affiliate of J.J. ...