Minneapolis-St Paul
Baceline Acquires 2 Shopping Assets for $12M
The company acquired its first North Carolina shopping center when it acquired Galleria Village, which is currently 83 percent leased to various tenants. The company also bought Central Plaza in Minnesota, another shopping center, that is currently 92 percent occupied.
Cush & Wake to Acquire Partner Firms
The company entered into an agreement with Northmarq to acquire its partner firms in Minneapolis, Seattle, Salt Lake City and Las Vegas. In total, the firms will have 750 employees and manage 50 million square feet of space.
HSA, USAA Buy 46 KSF MOB
Colliers represented the seller of the Class A building—anchored by North Clinic—in Plymouth, Minn. The commercial real estate services firm will also spearhead leasing efforts.
Marcus & Millichap Arranges Sale of Minneapolis Restaurant
The company represented both the seller and the buyer in the transaction. The more than 5,000-square-foot property is located near major employers such as Best Buy, Starbucks, Target and The UPS Store.
Allianz Secures Naming Rights for MLS Stadium
The owners of the Minnesota United FC soccer team have chosen the global life insurance giant—which has local roots in the state—as the sponsor for the new $200 million arena in St. Paul.
CBRE Secures $27M Loan for Minneapolis Hotel
The developer plans to build in downtown Minneapolis as part of a block of development that includes an apartment tower, brewery and its own new headquarters.
Climate-Controlled Self-Storage Hits Superior
U-Haul plans to transform a vacant building in Superior, Wis., into a 737-unit self-storage facility. Spaces will be available for rent in late fall.
Xcel Energy Receives Approval for 1,550MW Wind Energy Plan
The seven new wind farms constitute the company’s largest wind expansion in upper Midwest, which will increase its regional wind output by roughly 70 percent.
NKF to Market 3.3 MSF Twin Cities Development
Viking Lakes will add office, retail, hospitality, multifamily, medical office and a sports medicine center to Eagan, Minn.
Newly Renovated Baker Center Opens Doors
The new features of the four-building complex in downtown Minneapolis include a large media wall, a two-story entry atrium, a new amenity floor and a panoramic rooftop deck.