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DiamondRock Hospitality Completes Renovation of 821-Room Hilton Minneapolis

DiamondRock Hospitality Completes Renovation of 821-Room Hilton Minneapolis

DiamondRock Hospitality Company recently announced that it has successfully completed its $13 million renovation of the Hilton Minneapolis. The revamping project, which started in November 2013 included guest rooms, guest bathrooms and corridors.…

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CenterPoint Energy Announces Acquisition of New Facility; Hines REIT Sells $67M Portfolio

CenterPoint Energy Announces Acquisition of New Facility; Hines REIT Sells $67M Portfolio

Houston, Texas-based CenterPoint Energy recently announced it has closed on the purchase of a new 100,000-square-foot facility in Minneapolis. Located at 505 Nicollet Mall, the new location will house over 300 natural gas employees from two locations, but primarily from leased space at LaSalle Plaza.…

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Roundy’s Announces Sale of 18 Rainbow Stores and Full Exit from Minneapolis/St. Paul Market

Roundy’s Announces Sale of 18 Rainbow Stores and Full Exit from Minneapolis/St. Paul Market

Roundy’s Inc. recently announced that it has decided to fully exit the Minneapolis / St. Paul market. The company has entered into definitive agreements to sell 18 Rainbow stores in the Minneapolis / St. Paul market to a group of local grocery retailers, including Supervalu Inc.…

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Simon Property Group, Paragon Outlet Partners Announce Opening Date for Twin Cities Premium Outlets

Simon Property Group, Paragon Outlet Partners Announce Opening Date for Twin Cities Premium Outlets

Simon Property Group and Paragon Outlet Partners recently announced that the grand opening of the Twin Cities Premium Outlets will take place on August 14, 2014. The new 409,000-square-foot upscale outlet center will house over 100 outlet stores.…

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Brennan Investment Group Acquires $20M Industrial Portfolio

Brennan Investment Group Acquires $20M Industrial Portfolio

Chicago-based private real estate investment firm, Brennan Investment Group recently announced it has acquired a $20 million, four-property industrial portfolio…

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Hennepin County Medical Center Announces Plans to Expand Downtown Campus

Hennepin County Medical Center Announces Plans to Expand Downtown Campus

Hennepin County Medical Center recently announced the construction of a new 322,000-square-foot clinic and specialty center. The new addition will expand its downtown Minneapolis campus and aims to meet the growing demand for outpatient and specialty services.…

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Aimbridge Hospitality Awarded Management Contract for Embassy Suites Bloomington Hotel

Aimbridge Hospitality Awarded Management Contract for Embassy Suites Bloomington Hotel

Aimbridge Hospitality recently announced it has been awarded the management contract for the Embassy Suites Bloomington Hotel – a Hilton Family Hotel.…

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AFL-CIO Housing Investment Trust Provides $33M for 259-Unit Apartment Complex

AFL-CIO Housing Investment Trust Provides $33M for 259-Unit Apartment Complex

The AFL-CIO Housing Investment Trust recently announced it has provided $33 million in pension capital funding for the construction of Five 15 on the Park, an apartment complex in Minneapolis.…

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Equus Capital Partners Acquires 558-Unit M-F Portfolio in Suburban Minneapolis

Equus Capital Partners Acquires 558-Unit M-F Portfolio in Suburban Minneapolis

Private equity real estate fund manager Equus Capital Partners Ltd. recently announced that its affiliates have acquired a multifamily portfolio featuring two properties located in suburban Minneapolis. The communities were purchased from Henderson Global Investors and will be managed by the multifamily operating arm of Equus: Madison Apartment Group L.P.…

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Mall of America Breaks Ground on $325M Expansion Project

Mall of America Breaks Ground on $325M Expansion Project

The nation’s largest retail and entertainment destination, Mall of America, recently broke ground on a $325 million expansion project. Minneapolis-based Mortenson, a construction and development services company, Hotel Development LLC, an enterprise of the Shakopee Mdewakanton Sioux Community and the City of Bloomington and Mall of America celebrated the event.…

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Summit Hotel Enters into Agreement with Mortenson Development to Acquire Hampton Inn & Suites

Summit Hotel Enters into Agreement with Mortenson Development to Acquire Hampton Inn & Suites

Summit Hotel Properties Inc. recently announced that it has under contract to acquire two hotel properties featuring a total of 421 guestrooms. The two properties are the DoubleTree by Hilton located in San Francisco and the Hampton Inn & Suites in Minneapolis.…

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Laurus Corp. Enters Minneapolis Area with Acquisition of Woodlake Centre

Laurus Corp. Enters Minneapolis Area with Acquisition of Woodlake Centre

Laurus Corporation, a private real estate investment and development firm, recently announced the acquisition of Woodlake Centre, marking the firm’s first acquisition in the Minneapolis area.…

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