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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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IHG Announces Opening of Newly Renovated Holiday Inn Express Hotel & Suites Bloomington – West

IHG Announces Opening of Newly Renovated Holiday Inn Express Hotel & Suites Bloomington – West

InterContinental Hotels Group recently announced the opening of the newly renovated Holiday Inn Express Hotel & Suites Bloomington – West. Located at 7770 Johnson Avenue in South Bloomington, close to the Minneapolis St. Paul International Airport and the Mall of America, the 159-room hotel is one of the largest Holiday…

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Ridgeview Takes Over Operations at Sibley Medical Center, Primary Care Clinics

Ridgeview Takes Over Operations at Sibley Medical Center, Primary Care Clinics

Ridgeview Medical Center has recently announced that it has assumed the operation of Sibley Medical Center and its four primary care clinics. A new nonprofit entity, wholly owned by Ridgeview Medical Center, was created to fulfill the terms of the lease agreement with the City of Arlington.…

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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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