Minneapolis-St Paul
Greystar Acquires 5.6-Acre Parcel; Apartments Expected
By Gabriel Circiog, Associate Editor
Greystar Real Estate Partners has acquired a portion of the former home of Bennett Lumber in the Uptown area of south Minneapolis. Finance & Commerce reports the national apartment owner and developer paid $5.7 million for the property, which is located between Colfax and Dupont Avenue South.
Jim Gearen, part of […]
Fifth Street Towers Returned to Lender
By Gabriel Circiog, Associate Editor
Fifth Street Towers, the gigantic downtown Minneapolis office complex, has been returned to its lender, Finance & Commerce reports.
The 1.1 million-square-foot complex overlooking Fifth Street and Marquette Avenue has been taken over from London-based Strategic […]
Hennepin County Seeks Partners for Interchange Transit Hub
By Gabriel Circiog, Associate Editor
Hennepin County is seeking partners for the proposed $67.7 million Interchange transit hub in downtown Minneapolis, Finance & Commerce reports.
A developer is sought to build on a 30,000-square-foot county-owned lot, next to the main Interchange […]
Minneapolis Downtown Council Unveils Downtown 2025 Plan
By Gabriel Circiog, Associate Editor
The Minneapolis Downtown Council has unveiled an ambitious 15-year plan for the city’s central business district. Finance & Commerce reports that the plans, which will include the new Vikings stadium near Target Field, are worth around […]
Minneapolis Continues to Support Target Center Renovation
By Gabriel Circiog, Associate Editor
City of Minneapolis officials vow to continue backing the city-owned Target Center renovation, Finance & Commerce reports. Although the city would like to carry out the work in parallel with the construction of a new football […]
Target Plans Brooklyn Park Office Campus Expansion; Duke Realty Expands Industrial Portfolio
By Gabriel Circiog, Associate Editor
The Target Corp. is planning to expand its Brooklyn Park office campus by adding a seventh building on the site, which would add another 245,000 square feet of office space, Finance & Commerce reports. A proposed […]
Twin Cities Multi-Family Projects Proliferate
By Gabriel Circiog, Associate Editor
The Twin Cities region is in a full-on apartment development boom. Two new apartment complexes have been completed and already have their first residents, while local developer Michael Lander plans three apartment projects, Finance & Commerce […]
United Properties Gets Funding for Ford Center Makeover
By Gabriel Circiog, Associate Editor
WNC & Associates Inc., an Irvine, Calif.-based investor specializing in urban renewal and affordable housing projects, has provided $8.3 million in New Markets Tax Credit financing to United Properties to purchase and renovate the landmark Ford […]
Expiring Lease Steps Up Vikings’ Quest for New Stadium
By Gabriel Circiog, Associate Editor
With the Minnesota Vikings’ 30-year lease on the Hubert H. Humphrey Metrodome expiring at the end of the 2011 season, and the real possibility of the National Football League’s departure from the state after 50 years, […]
City Weighs Grain Belt Proposals; Travelers Expands Holdings by 11 Assets
By Camelia Bulea, Associate Editor
Four redevelopment proposals for the site of the historic Grain Belt Brewery office building and an adjacent parcel are competing for approval from city officials.
The proposal that seems to be drawing the most community enthusiasm so […]