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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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Hyatt Regency Minneapolis Hotel Completes Second Phase of Renovation, Expansion

Hyatt Regency Minneapolis Hotel Completes Second Phase of Renovation, Expansion

Hyatt Regency Minneapolis hotel has recently announced it has completed Phase II of its renovation. Phase II included a major expansion which sees the Hyatt Regency Minneapolis, one of the largest hotel properties in the Twin Cities, add over 20,000 square feet of event space and an extra 112 new…

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Village Green Unveils Renderings for 254-Unit Mixed-Use Project in Saint Paul

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.…

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Liberty Trust to Acquire Operating Partnership of Cabot Industrial Value Fund III

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.…

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Twin Cities’ Residential Construction Continues Growth Trend

Twin Cities’ Residential Construction Continues Growth Trend

Twin Cities’ residential construction is increasing according to recent data compiled by the Keystone Report for the Builders Association of the Twin Cities.…

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