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Hennepin County Seeks Partners for Interchange Transit Hub

Hennepin County Seeks Partners for Interchange Transit Hub

By Gabriel Circiog, Associate Editor Hennepin County is seeking partners for the proposed $67.7 million Interchange transit hub in downtown Minneapolis, Finance & Commerce reports. A developer is sought to build on a 30,000-square-foot county-owned lot, next to the main Interchange [...]…

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Minneapolis Downtown Council Unveils Downtown 2025 Plan

Minneapolis Downtown Council Unveils Downtown 2025 Plan

By Gabriel Circiog, Associate Editor The Minneapolis Downtown Council has unveiled an ambitious 15-year plan for the city’s central business district. Finance & Commerce reports that the plans, which will include the new Vikings stadium near Target Field, are worth around [...]…

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Minneapolis Continues to Support Target Center Renovation

Minneapolis Continues to Support Target Center Renovation

By Gabriel Circiog, Associate Editor City of Minneapolis officials vow to continue backing the city-owned Target Center renovation, Finance & Commerce reports. Although the city would like to carry out the work in parallel with the construction of a new football [...]…

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Target Plans Brooklyn Park Office Campus Expansion; Duke Realty Expands Industrial Portfolio

Target Plans Brooklyn Park Office Campus Expansion; Duke Realty Expands Industrial Portfolio

By Gabriel Circiog, Associate Editor The Target Corp. is planning to expand its Brooklyn Park office campus by adding a seventh building on the site, which would add another 245,000 square feet of office space, Finance & Commerce reports. A proposed [...]…

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Twin Cities Multi-Family Projects Proliferate

Twin Cities Multi-Family Projects Proliferate

By Gabriel Circiog, Associate Editor The Twin Cities region is in a full-on apartment development boom. Two new apartment complexes have been completed and already have their first residents, while local developer Michael Lander plans three apartment projects, Finance & Commerce [...]…

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United Properties Gets Funding for Ford Center Makeover

United Properties Gets Funding for Ford Center Makeover

By Gabriel Circiog, Associate Editor WNC & Associates Inc., an Irvine, Calif.-based investor specializing in urban renewal and affordable housing projects, has provided $8.3 million in New Markets Tax Credit financing to United Properties to purchase and renovate the landmark Ford [...]…

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Expiring Lease Steps Up Vikings’ Quest for New Stadium

Expiring Lease Steps Up Vikings’ Quest for New Stadium

By Gabriel Circiog, Associate Editor With the Minnesota Vikings’ 30-year lease on the Hubert H. Humphrey Metrodome expiring at the end of the 2011 season, and the real possibility of the National Football League’s departure from the state after 50 years, [...]…

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City Weighs Grain Belt Proposals; Travelers Expands Holdings by 11 Assets

City Weighs Grain Belt Proposals; Travelers Expands Holdings by 11 Assets

By Camelia Bulea, Associate Editor Four redevelopment proposals for the site of the historic Grain Belt Brewery office building and an adjacent parcel are competing for approval from city officials. The proposal that seems to be drawing the most community enthusiasm so [...]…

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Greco Eyes March 2012 Start for $32M South Minneapolis Multi-Family Project

Greco Eyes March 2012 Start for $32M South Minneapolis Multi-Family Project

By Camelia Bulea, Associate Editor Greco L.L.C. is planning a March 2012 construction start for a $32 million residential project in south Minneapolis which will include 170 market-rate apartments, 220 underground parking spaces and 7,500 square feet of commercial space. The project [...]…

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Liberty Pays $36M for 6 Assets; Sage’s $110M Faribault Plant Heads for Home Stretch

Liberty Pays $36M for 6 Assets; Sage’s $110M Faribault Plant Heads for Home Stretch

By Camelia Bulea, Associate Editor Liberty Property Trust recently wrapped a $36 million investment that further expands its office and industrial holdings in the Twin Cities market. On Sept. 30, the Malvern, Penn.-based REIT paid $11 million for three office buildings in the Minnetonka Corporate [...]…

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Opus Plans $100M High-Rise Apartments for Downtown Minneapolis

Opus Plans $100M High-Rise Apartments for Downtown Minneapolis

By Camelia Bulea, Associate Editor Minneapolis could see its first new high-rise multifamily rental property nearly 30 years with the development of a $100 million downtown apartment tower planned by Opus Development Corp. The Minnetonka-based developer recently unveiled plans to build a [...]…

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Energy-Saving System Eyed for $200M Medical Research Facility

Energy-Saving System Eyed for $200M Medical Research Facility

By Camelia Bulea, Associate Editor Twin Cities-area medical institutions are continuing to make major investments in innovative new facilities. A case in point is the $200 million cancer and cardiovascular center building being built by the University of Minnesota near TCF Bank Stadium [...]…

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