Minneapolis-St Paul
DRA Advisors Buys Minneapolis Office Portfolio
The nearly $74 million deal includes two high-rises totaling more than 620,000 square feet of Class A space in the city’s central business district.
Tennant Co. Acquires MN Office Campus
The industrial cleaning equipment manufacturer has purchased the property in Eden Prairie, where it plans to relocate its headquarters in 2020.
Apple Hospitality Buys MN Hotel for $32M
The 160-key Hampton Inn & Suites by Hilton opened in 2016 on the site of the former Seven Corners, a city landmark since 1933.
Top 10 Office Sales in Minneapolis-St. Paul in 2018
Office properties sold in the metro area totaled $1.3 billion in 2018, a hefty increase from the $1 billion posted the year prior.
Sumitomo Buys $144M Minneapolis Office Asset
With the acquisition of SPS Tower, a 655,000-square-foot property in the central business district, the company marks its debut in the city.
How to Prepare for the Next Polar Vortex
The general manager of Minneapolis’ tallest building tells how her property got through the recent polar vortex safely—and shares tips for future events.
MN Retail Center Lands Financing
The borrower will use the three-year, floating-rate loan secured by HFF to redevelop the 137,000-square-foot retail center, which is anchored by Cub Foods.
On the Market: 5 Interesting Listings for January
This month’s listings include an historic property in Austin, Texas; a recently renovated hotel in the Minnesota suburbs; and a retail asset in the San Fernando Valley of Los Angeles.
Alula Relocates HQ to St. Paul
The smart security systems producer plans to relocate its headquarters into CSM Corp.’s Midway Innovation Center I, which has been vacant since May 2018.
CBRE Lines Up $47M Loan for MN Office Campus
The refinancing features a 10-year term and was secured on behalf of Wildamere Capital Management, the owner of Plymouth Corporate Center.