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Opus Breaks Ground on Second Downtown Minneapolis Luxury Apartment Complex

Opus Breaks Ground on Second Downtown Minneapolis Luxury Apartment Complex

By Gabriel Circiog, Associate Editor Opus Development Corp. recently announced plans to begin development and construction of a new boutique luxury residential apartment complex in downtown Minneapolis. The project, dubbed VÉLO, French for “bicycle,” will be owned by Twin Cities-based real estate investment company Sentinel Management Co.  Located at 103…

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HealthPartners Opens $36M Mental Health Building at Regions Hospital

HealthPartners Opens $36M Mental Health Building at Regions Hospital

HealthPartners recently announced the opening of a new mental health building at Regions Hospital. The new eight-story facility will replace the existing inpatient facility on its St. Paul campus.…

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LCS Enters into JV with Nine Senior Living Communities

LCS Enters into JV with Nine Senior Living Communities

Des Moines, Iowa-based LCS has entered into a joint venture with Chicago-based real estate investment firm Harrison Street Real Estate Capital that has acquired an equity position in nine senior living communities in Greater Minneapolis.…

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Opus Closes on Financing, Prepares to Break Ground on Luxury High-Rise Apartment Building

Opus Closes on Financing, Prepares to Break Ground on Luxury High-Rise Apartment Building

Opus Development Corp. recently announced it has closed on financing for a planned luxury high-rise apartment building, The Nic on Fifth. The name of the development reflects the location of the project on Nicollet Mall and Fifth Street in downtown Minneapolis.…

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Shorenstein Properties Acquires Minneapolis City Center for $202.5M

Shorenstein Properties Acquires Minneapolis City Center for $202.5M

Shorenstein Properties has closed on the acquisition of Minneapolis City Center, a 50-story mixed-use complex located in the heart of downtown Minneapolis. Shorenstein made the purchase on behalf of Shorenstein Realty Investors Ten L.P., a commingled fund formed in 2010 and with $1.2 billion of committed capital.…

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Chambers Street Properties Acquires Industrial Building in Rogers

Chambers Street Properties Acquires Industrial Building in Rogers

A New Jersey-based real estate investment trust, Chambers Street Properties, has acquired a warehouse/distribution building in the northwestern Minneapolis suburb of Rogers.…

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Chesapeake Lodging Trust Acquires 222-Room The Hotel Minneapolis

Chesapeake Lodging Trust Acquires 222-Room The Hotel Minneapolis

Chesapeake Lodging Trust has recently acquired The Hotel Minneapolis, a 222-room Marriott Autograph Collection hotel, for $46 million, or approximately $207,000 per key. The self-advised lodging real estate investment trust funded the acquisition with a borrowing under its revolving credit facility.…

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Hyatt Acquires Downtown Minneapolis Hotel

Hyatt Acquires Downtown Minneapolis Hotel

The Hyatt Hotels Corp. recently announced that a Hyatt affiliate acquired a select-service hotel, the 213-room Comfort Suites in downtown Minneapolis. Following $20 million in capital improvements, the hotel will be rebranded as Hyatt Place Minneapolis Downtown.…

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Valspar Announces $30M Campus Renovation, Expansion; St. Paul Reopens Ballpark Builder Selection Process

Valspar Announces $30M Campus Renovation, Expansion; St. Paul Reopens Ballpark Builder Selection Process

The Valspar Corp. announced plans to renovate its former headquarters building and expand its research-and-development campus in downtown Minneapolis. The campus is the anchor of the company’s research-and-development network worldwide, known as the Valspar Applied Science and Technology Centers (VAST).…

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AFL-CIO HIT Invests $15.7M in M-U Construction Uptown

AFL-CIO HIT Invests $15.7M in M-U Construction Uptown

The AFL-CIO Housing Investment Trust has invested $15.7 million in the construction of the City Walk Apartments, a mixed-use development in Minneapolis’ Uptown community.…

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Polaris Industries Breaks Ground on Expansion of Product Development Center

Polaris Industries Breaks Ground on Expansion of Product Development Center

Polaris Industries Inc. recently broke ground on an expansion of a product development center near Wyoming, Minn.…

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Hines Breaks Ground on New For-Rent Multifamily Complex

Hines Breaks Ground on New For-Rent Multifamily Complex

By Gabriel Circiog, Associate Editor Houston-based developer Hines has broken ground on the Dock Street residences, a new for-rent multifamily complex in the North Loop neighborhood of Minneapolis, close to Target Field, home of the Minnesota Twins pro baseball team. Developed by Hines and financed by the AFL-CIO Building Investment…

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