Minneapolis-St Paul
Equus Capital Partners Acquires 558-Unit M-F Portfolio in Suburban Minneapolis
Private equity real estate fund manager Equus Capital Partners Ltd. recently announced that its affiliates have acquired a multifamily portfolio featuring two properties located in suburban Minneapolis. The communities were purchased from Henderson Global Investors and will be managed by the multifamily operating arm of Equus: Madison Apartment Group L.P.
Mall of America Breaks Ground on $325M Expansion Project
The nation’s largest retail and entertainment destination, Mall of America, recently broke ground on a $325 million expansion project. Minneapolis-based Mortenson, a construction and development services company, Hotel Development LLC, an enterprise of the Shakopee Mdewakanton Sioux Community and the City of Bloomington and Mall of America celebrated the event.
Summit Hotel Enters into Agreement with Mortenson Development to Acquire Hampton Inn & Suites
Summit Hotel Properties Inc. recently announced that it has under contract to acquire two hotel properties featuring a total of 421 guestrooms. The two properties are the DoubleTree by Hilton located in San Francisco and the Hampton Inn & Suites in Minneapolis.
Laurus Corp. Enters Minneapolis Area with Acquisition of Woodlake Centre
Laurus Corporation, a private real estate investment and development firm, recently announced the acquisition of Woodlake Centre, marking the firm’s first acquisition in the Minneapolis area.
USGBC: Top 10 States for LEED Green Building
A 57-story, 1.3 million-square-foot Class A office tower in Chicago has earned Platinum and Gold LEED certifications from the U.S. Green Building Council.
IHG Announces Opening of Newly Renovated Holiday Inn Express Hotel & Suites Bloomington – West
InterContinental Hotels Group recently announced the opening of the newly renovated Holiday Inn Express Hotel & Suites Bloomington – West. Located at 7770 Johnson Avenue in South Bloomington, close to the Minneapolis St. Paul International Airport and the Mall of America, the 159-room hotel is one of the largest Holiday Inn Express hotels in Minnesota, by number of rooms.
Ridgeview Takes Over Operations at Sibley Medical Center, Primary Care Clinics
Ridgeview Medical Center has recently announced that it has assumed the operation of Sibley Medical Center and its four primary care clinics. A new nonprofit entity, wholly owned by Ridgeview Medical Center, was created to fulfill the terms of the lease agreement with the City of Arlington.
Hampshire, Lipsitz Companies Sell Vacant Retail Property in Monticello
Morristown, New Jersey-based The Hampshire Companies, a privately held, fully integrated real estate firm with equity assets valued at over $2.5 billion, in a joint venture with The Lipsitz Companies, a real estate investment holding group, have recently announced the sale of an 86,479-square-foot retail building.
CBRE Announces Sale of Two Office Buildings at Excelsior Crossings
CBRE recently announced the sale of two office buildings located in Hopkins, Minnesota. The seller, Real Estate Capital Partners on behalf of IVG Institutional Funds GmbH, was represented by the CBRE Institutional Group in Minneapolis led by Steven Buss, Tom Holtz, Ryan Watts and Judd Welliver.
Campbell Mithun Relocating to Historic 510 Marquette Building
Minneapolis advertising agency Campbell Mithun recently signed a lease to become anchor tenant in the historic 510 Marquette building and will collaborate with Julie Snow Architects to design the new space.