Minneapolis-St Paul

By Camelia Bulea, Associate Editor
Greco L.L.C. is planning a March 2012 construction start for a $32 million residential project in south Minneapolis which will include 170 market-rate apartments, 220 underground parking spaces and 7,500 square feet of commercial space.
The project […]

By Camelia Bulea, Associate Editor

Liberty Property Trust recently wrapped a $36 million investment that further expands its office and industrial holdings in the Twin Cities market. On Sept. 30, the Malvern, Penn.-based REIT paid $11 million for three office buildings in the Minnetonka Corporate […]

By Camelia Bulea, Associate Editor
Minneapolis could see its first new high-rise multifamily rental property nearly 30 years with the development of a $100 million downtown apartment tower planned by Opus Development Corp.
The Minnetonka-based developer recently unveiled plans to build a […]

By Camelia Bulea, Associate Editor
Twin Cities-area medical institutions are continuing to make major investments in innovative new facilities. A case in point is the $200 million cancer and cardiovascular center building being built by the University of Minnesota near TCF Bank Stadium […]

By Camelia Bulea, Associate Editor
Greystar Real Estate Partners has acquired Park Place Apartments in Plymouth in a $54.7 million deal. Although the Charleston, S.C.-based company manages five other residential complexes in the Twin Cities, the acquisition of the 500-unit, 26-year-old […]

By Camelia Bulea, Associate Editor
Two months after acquiring the 51-acre Lockheed site in Eagan, CSM Corp. has unveiled a proposal for a 550,000-square-foot mixed-use project dubbed Central Park Commons.
CSM’s plan calls for 480,000 square feet of retail space and 75,000 […]

By Camelia Bulea, Associate Editor
A $32 million expansion is under way at First District Association’s headquarters and manufacturing plant in Litchfield. The project will add 50,000 square feet to the dairy producer’s 198,000-square-foot facility there, reported Finance & Commerce, a […]

By Camelia Bulea, Associate Editor
The Penfield mixed-use project — planned to include 256 market-rate apartments and a 30.000-square-foot grocery store — has gone through several changes in the past five years. The newest proposal comes the closest to meeting the […]

By Camelia Bulea, Associate Editor
Persistence is paying off for developer Brad Hoyt, who won Minneapolis City Council approval on Aug. 5 to develop a scaled-back version of a condominium project he originally proposed in 2004. Hoyt plans to break ground shortly […]

By Camelia Bulea, Associate Editor
The former headquarters of Deluxe Corp. is now facing foreclosure.  The lender on Shoreview Corporate Center, a 553,000-square-foot office and industrial campus located in the suburb of Shoreview, has started foreclosure proceedings. Since 2005, the mortgage […]