Minneapolis-St.Paul
Market Snapshot: Twin Cities Economy on the Rise
By Ioana Neamt, Associate Editor Minneapolis-St.Paul—The Twin Cities economy seems to have recovered well from the financial crisis that hit the U.S. back in 2008. The Star Tribune reports that economic growth in the Twin Cities was 2.5 percent in 2013, compared to a 1.7 percent national average. Chicago is currently the only Midwestern city with a larger economy than the Twin Cities. All evidence seems to show that the Minneapolis-St. Paul area has become a popular destination for investors, developers and residents alike. The Minneapolis-St. Paul area benefits from a wide variety of industries, attracting investors and new businesses in…
Q&A with Bellwether President Ned Huffman
Ned Huffman, president of Bellwether Enterprise, talks about the company’s intention to merge with Towle Financial Services.
Bellwether Enterprise to Merge with Towle Financial Services
Bellwether Enterprise Real Estate Capital L.L.C. late last week announced its intention to merge with Towle Financial Services, a full-service mortgage banking firm with offices in Minneapolis and Detroit.
Village Green Unveils Renderings for 254-Unit Mixed-Use Project in Saint Paul
Village Green Co. recently unveiled new renderings for its new market-rate housing development, The Penfield. Located on Robert Street between 10th and 11th Street in downtown Saint Paul, the 254-unit development is one of the first market rate mixed-use projects constructed in downtown Saint Paul in 20 years.
Liberty Trust to Acquire Operating Partnership of Cabot Industrial Value Fund III
Liberty Property Trust recently announced it has entered into a definitive agreement to acquire the operating partnership of Cabot Industrial Value Fund III.
Stream Data Centers Announces Plans to Build New Private Data Center in Chaska
Texas-based developer and operator of wholesale data centers, Stream Data Centers, recently announced plans to open its 16th facility in the U.S. and its first enterprise data center in Chaska, Minnesota.
Ryan Cos. Awarded Parking Ramp, Skyway Construction Contract
Ryan Companies has been awarded the parking ramp and skyway construction contract as part of the $975 million new multi-purpose Viking’s stadium development which will replace the Metrodome. The announcement was made by The Minnesota Sports Facilities Authority, which mentioned that the stadium legislation calls for 2,000 parking spaces connected by skyway and 500 within one block of the new stadium.
Minneapolis Officials Weigh Mortenson’s Proposal for Downtown Hampton Inn
Mortenson Construction is proposing a new 210-room Hampton Inn & Suites which could become the largest new hotel development in downtown Minneapolis since the recession.
HFF Secures Financing for 194-Unit Student Housing Project
Holliday Fenoglio Fowler recently announced it has arranged construction financing along with joint venture equity for the development of Metro Park East, a 194-unit student housing project at the University of Minnesota – Twin Cities in Minneapolis.