Minneapolis-St Paul
Prime Therapeutics Starts Construction of 400 KSF Facility
The company’s new facility will accommodate staff from four existing locations. This project is one of the largest office projects currently being built in the Twin Cities area.
Grandbridge Secures 221 KSF Minnesota Industrial Loan
The company arranged the five-year non-recourse, fixed-rate loan through Nationwide. The loan closed with an interest rate of less than 4 percent.
US Bank Breaks Ground on $250M Minneapolis Data Center
Stream Data Centers was tapped to develop the 56,000 square-foot-building by the end of this year. Upon completion, the center will incorporate two utility feeds from two separate substations designed to support 2.4MW of IT data load.
Meritex Snags 300 KSF Industrial Property
1080 Park Place in Shakopee, Minn., was built in 1993 by The Opus Group and boasts full occupancy. Steve Dorff, senior asset manager with Meritex, will manage the property.
Excelsior Group Welcomes New Vice President
Brandl Radovitskiy joins the company’s office in Minneapolis, bringing more than 16 years of experience in real estate leasing and marketing. She was one of the professionals involved of the leasing and marketing of One World Trade Center.
IHG to Open New Minneapolis Hotel
IHG ‘s 291-key hotel located at the Minneapolis-St. Paul Airport will open in the summer of 2018. The airport is in the process of a five-year expansion and improvement plan.
Twin Cities’ Tight Quarters
Rent growth exceeded the national average over the last year, due to steady employment gains, an increasing population and limited housing supply, as apartment completions slowed in 2016.
Ryan Cos. Appoints Casey Hankinson as SVP
The company has promoted Casey Hankinson as senior vice president after he has served as vice president for the past six years. So far, he completed more than three million square feet of built-to-suit projects.
Midwest Steel Moves Operations to Rogers
The company will relocate its operations from New Hope to a new facility in Rogers, Minn. The Minnesota Department of Employment and Economic Development will support the project.
Home2 Suites by Hilton Opens New Minneapolis Hotel
Hilton’s new addition to its portfolio is a 102-key hotel situated in close proximity to Flying Cloud Airport and to several major corporations.