State: Minnesota - MN

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 ...

Commercial Real Estate Direct Staff Report The appraised value of the giant Mall of America in Bloomington, Minn., has declined by 16 percent to $1.94 billion. The latest appraisal, highlighted this morning by Wells Fargo Securities' CMBS research team in ...

Minneapolis/St. Paul Business Journal An affiliate of Vinayaka Hospitality has paid $26 million, or $45,775/room, for the 568-room DoubleTree by Hilton Bloomington Minneapolis hotel. The Schaumburg, Ill., investment company, which also owns office properties, bought the hotel from Platinum Equity ...

Virtus Real Estate Capital has paid $52.125 million, or $110.13/sf, for the UnitedHealth Group Optum Campus, a 473,325-square-foot office complex in the Minneapolis suburb of Eden Prairie, Minn. The Austin, Texas, investment manager, which pursues investments in niche properties, particularly ...

JLL Capital Markets has arranged $28 million of Fannie Mae financing for the 456-unit Cliffs at Minnetonka apartment property near Minneapolis. The 10-year loan, which pays a fixed coupon, was used to refinance existing debt. JLL's Delegated Underwriting and Servicing ...

JLL has originated $28 million of Fannie Mae financing against the 456-unit Cliffs of Minnetonka apartment property in suburban Minneapolis. The fixed-rate loan, which closed on May 15, has a 10-year term. Belgarde Property Services Inc. owns the complex, which ...

Minneapolis/St. Paul Business Journal Persaud Properties has paid $11.4 million, or about $116.33/sf, for Oaks Tech Center IV, a 98,000-square-foot flex-office property in Oakdale, Minn. The New Brighton, Minn., company purchased the building from Capital Partners of Edina, Minn., which ...