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Hampshire, Lipsitz Companies Sell Vacant Retail Property in Monticello

Hampshire, Lipsitz Companies Sell Vacant Retail Property in Monticello

Morristown, New Jersey-based The Hampshire Companies, a privately held, fully integrated real estate firm with equity assets valued at over $2.5 billion, in a joint venture with The Lipsitz Companies, a real estate investment holding group, have recently announced the sale of an 86,479-square-foot retail building.…

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CBRE Announces Sale of Two Office Buildings at Excelsior Crossings

CBRE Announces Sale of Two Office Buildings at Excelsior Crossings

CBRE recently announced the sale of two office buildings located in Hopkins, Minnesota. The seller, Real Estate Capital Partners on behalf of IVG Institutional Funds GmbH, was represented by the CBRE Institutional Group in Minneapolis led by Steven Buss, Tom Holtz, Ryan Watts and Judd Welliver.…

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Campbell Mithun Relocating to Historic 510 Marquette Building

Campbell Mithun Relocating to Historic 510 Marquette Building

Minneapolis advertising agency Campbell Mithun recently signed a lease to become anchor tenant in the historic 510 Marquette building and will collaborate with Julie Snow Architects to design the new space.…

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Grandbridge Finances $27.8M Senior Living Development

Grandbridge Finances $27.8M Senior Living Development

Charlotte, N.C.-based Grandbridge Real Estate Capital LLC, a subsidiary of Branch Banking and Trust Company, recently announced it has closed a $27,820,000 first mortgage construction/permanent loan secured by The Waters on Mayowood.…

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Plan Approved for New $763M Minnesota Multi-Purpose Stadium

Plan Approved for New $763M Minnesota Multi-Purpose Stadium

The Minnesota Sports Facilities Authority, in collaboration with the Minnesota Vikings, recently announced it has reached an agreement with Mortenson Construction on the Construction Management Plan for the new Minnesota Multi-Purpose Stadium. Together with the approval of the plan, a Guaranteed Maximum Price of $763 million that includes a letter…

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Stahl Construction Completes $25M Project for Minnesota Army National Guard

Stahl Construction Completes $25M Project for Minnesota Army National Guard

Stahl Construction has recently announced the completion of work on the Minnesota Army National Guard Field Maintenance Shop at the Arden Hills Army Training Site.…

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Caribou Coffee, Bruegger’s Bagels Open First Co-Branded Stores in Minnesota

Caribou Coffee, Bruegger’s Bagels Open First Co-Branded Stores in Minnesota

Caribou Coffee and Bruegger’s Bagels recently announced they have developed new co-branded locations in Minnesota and national locations are to follow soon.…

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Riverside Plaza Earns National Trust/HUD Secretary’s Award for Excellence in Historic Preservation

Riverside Plaza Earns National Trust/HUD Secretary’s Award for Excellence in Historic Preservation

The historic housing development in Minneapolis, Riverside Plaza, has earned the 2013 National Trust/HUD Secretary’s Award of Excellence in Historic Preservation.…

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$97 Million Target Center Renovation Announced

$97 Million Target Center Renovation Announced

The city-owned Target Center is set to undergo a $97 million renovation which is scheduled to begin in 2014. An announcement of the agreement to renovate the 23-year-old Target Center was recently made by Minneapolis Mayor R.T. Rybak, City Council President Barbara Johnson, Minnesota Timberwolves and Lynx owner Glen Taylor…

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Eden Prairie Center Acquired by Cypress Equities

Eden Prairie Center Acquired by Cypress Equities

Dallas-based Cypress Equities recently announced the acquisition of the 1.1-million-square-foot Eden Prairie Center. The transaction was acquired by a fund managed by Cypress’ real estate investment management group which has acquired over $300 million of retail properties in 2013.…

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Savvis to Open New Data Center in Minneapolis

Savvis to Open New Data Center in Minneapolis

Savvis, a CenturyLink company, specializing in cloud infrastructure and hosted IT solutions for businesses, recently announced plans to expand its North American footprint by opening a new data center in the Minneapolis-St. Paul area in the spring of 2014. The new Savvis MP2 data center, built to support 4.8 megawatts…

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United Properties to Acquire Days Hotel Near University of Minnesota Campus

United Properties to Acquire Days Hotel Near University of Minnesota Campus

Minneapolis-based United Properties is set to acquire the Days Hotel after the privately-owned commercial real estate development and investment firm recently announced it has signed a purchase agreement with private REIT CRI Income. United Properties announced that a due diligence process, which is expected to take up to 90 days,…

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