September 6, 2000 W.P. Carey Group has closed on its purchase of a $21.6 million build-to-suit office and manufacturing facility that M. A. Mortenson Co. is constructing in Rochester, Minn.W.P. Carey Group closed on the site on behalf of member ...
sources estimated the building would fetch between $60 million and $80 million.
June 22, 2000 MINNEAPOLIS – TrizecHahn Office Properties will renovate its Crown Plaza Northstar Hotel, at 618 Second Ave. South.The $13 million project includes a new street-level lobby entrance that would be linked to the adjacent Northstar retail center, office ...
June 6, 2000ST. PAUL, Minn. – The owner of the Holiday Inn RiverCentre has secured a $7.6 million construction loan through Associated Commercial Mortgage of Wisconsin.The owner, 175 Fort LLC, plans to launch a renovation project this week for the ...
May 26, 2000 NEW YORK – Cornerstone Properties Inc. (NYSE:CPP) has paid $135 million, or $145/sf, for the U.S. Bancorp Center in Minneapolis.The 30-story property was purchased from Ryan Cos. U.S. Inc., which developed it. In April 1998, Cornerstone had ...
May 4, 2000MINNEAPOLIS – American Hospitality Management Co. has posted an 81-unit EconoLodge for sale in the real estate section of eBay. The hotel was posted for auction on April 29th, with a minimum bid of $2.5 million.According to an ...
The building is 87 percent leased. U.S. Bancorp leases 75% of the building as its headquarters.
April 26, 2000ST. PAUL, Minn. – Firstar Corp. (NYSE:FSR) has arranged a $51-million loan on 380 St. Peter Street, a 436,000-square-foot office building in downtown St. Paul.The loan was provided to Frauenshuh Cos., a developer and property manager in Bloomington, ...
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