Maturing CMBS Mall Loans Start Piling Up
July 23, 2021
INITIAL PRICING: Benchmark Mortgage Trust, 2021-B27
July 16, 2021
State: Minnesota - MN
231,760-SF Spec Industrial Property Proposed for Burnsville, Minn.
Minneapolis/St. Paul Business Journal Capstone Quadrangle has proposed building a 231,760-square-foot industrial property just off of the Interstate 35 and State Highway 13 interchange in Burnsville, Minn., about 15 miles south of Minneapolis. The property, which is being built on ...
Peak Capital Pays $59Mln for Minneapolis-Area Apartment Property
Peak Capital Partners has paid $59 million, or $219,330/sf, for the 269-unit Cielo Apartments in Fridley, Minn. The Provo, Utah, investment firm purchased the property from Trident Development of Saint Cloud, Minn., which was represented in the deal by JLL ...
Greystone Writes $11.2Mln HUD Loan for Minn. Apartments
Greystone has provided $11.2 million of financing under the U.S. Department of Housing and Urban Development's 223(f) program for the 93-unit South Shore Landing Apartments in Moorhead, Minn. The loan self amortizes over 35 years and pays a coupon of ...
Construction Starts on 44,000-SF Medical Office Near Minneapolis
REBusiness Online Davis Cos. is set to break ground this month on Maple Grove Specialty Center, a 44,000-square-foot medical-office building in Maple Grove, Minn. The Minneapolis company is building the two-story property on a 4.2-acre site at the corner of ...
203,000-SF Mixed-Use Property in Minneapolis Sells for $35.4Mln
Minneapolis/St. Paul Business Journal An affiliate of Asana Partners has paid $35.4 million, or $174.38/sf, for Colonial Warehouse, a 203,000-square-foot mixed-use building in Minneapolis. The Charlotte, N.C., investor purchased the property from a venture of GEM Realty Capital Inc. and ...
Brixmor Pays $15.5Mln for Shopping Center Near Minneapolis
Minneapolis/St. Paul Business Journal Brixmor Property Group Inc. has paid $15.5 million, or about $168.48/sf, for Champlin Marketplace, a 92,000-square-foot shopping center in Champlin, Minn. The New York REIT purchased the retail property from an entity of IRC Retail Centers ...
Minnetonka Corporate Center
An affiliate of Terrace Group has paid $11.25 million, or $119.13/sf, for the Minnetonka Corporate Center, a 94,435-square-foot flex industrial building in Minnetonka, Minn., about 14 miles from Minneapolis. It is fully leased and offers a mix of office, warehouse ...
a 1,080-unit self-storage facility at 150 Tyler Ave. North
TKG StorageMart Partners has paid $14.8 million, or $13,703/unit, for a 1,080-unit self-storage facility at 150 Tyler Ave. North in Hopkins, Minn. The Columbia, Mo., company purchased the property from Minikahda Mini Storage of St. Paul, Minn. It was built in ...
Peak Capital Pays $44.7Mln for Minneapolis-Area Apartments
Minneapolis/ St. Paul Business Journal Peak Capital Partners has paid $44.7 million, or $259,883/unit, for the 172-unit Hello Apartments in Golden Valley, Minn. The Provo, Utah, real estate investment firm purchased the complex from Continental Property Group of Menomonee Falls, ...
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