Minneapolis-St Paul

Developers Eye 1,240 New Apartment Units in Minneapolis, Suburbs

By Camelia Bulea, Associate Editor
Minneapolis could see the construction of multi-family projects that would add more than 800 apartment units in its Downtown area alone.  The latest proposal is a six-story, 100-unit project that would be built by TE Miller […]

Major Hotel, Corporate Deals Hit Eden Prairie

By Camelia Bulea, Associate Editor
Eden Prairie properties have recently figured in several high-profile hospitality and corporate transactions. In the larger of the two deals, the Hyatt Place Minneapolis/Eden Prairie was part of a $110 million, eight-hotel sale by Hyatt Hotels Corp. The buyer is […]

Minneapolis healthcare projects unfold; $50 million birth center breaks ground

By Camelia Bulea, Associate Editor
As it does elsewhere in the U.S., the health sector in Minneapolis and St. Paul is running counter to the nation’s economic doldrums. A $50 million birth center is scheduled to break ground this summer on the Minneapolis campus […]

Regency Centers Purchases Calhoun Commons Amid Strengthening Retail Market

By Camelia Bulea, Associate Editor
Regency Centers purchased the 66,000-square-foot Calhoun Commons shopping center near Lake Calhoun for $21 million, bringing its portfolio in the Twin Cities to four shopping centers, with a fifth under contract.
Calhoun Commons’ seller, Bloomington-based Doran, built […]

CB Richard Ellis Lists Marquette Plaza for Sale–Again

By Camelia Bulea, Associate Editor
CB Richard Ellis Group Inc. recently offered for sale the Marquette Plaza office building in downtown Minneapolis, long revered as one of the city’s architectural landmarks. The listing did not name an offering price, but the […]

KBS Purchases Minnetonka’s Trophy 601 Tower at Carlson Center Office Building

By Camelia Bulea, Associate Editor
 The prestigious 15-story 601 Tower at Carlson Center in Minnetonka, Minn., reached 95 percent occupancy yesterday when KBS Capital Advisors, an affiliate of KBS Realty Advisors, signed a direct lease with Altair Global Relocation for approximately […]