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Rosemount Selects Vacant ADC 2 Building in Shakopee for Engineering and Manufacturing Plant

Rosemount Selects Vacant ADC 2 Building in Shakopee for Engineering and Manufacturing Plant

After announcing its interest in the 60-acre ADC site in Shapokee last year, Rosemount Inc., a division of Emerson Process Management, has now announced that it has selected the vacant ADC 2 building as the home of its new engineering and manufacturing plant.…

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Trammell Crow, Carlyle Group Break Ground on 182-Unit Junction Flats

Trammell Crow, Carlyle Group Break Ground on 182-Unit Junction Flats

Trammell Crow Company recently announced that, through its wholly owned subsidiary High Street ResidentialSM, in partnership with The Carlyle Group, has broken ground on a new transit-oriented multi-family community in downtown Minneapolis.…

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Ryan Cos. Unveils Plans to Build $400M M-U Development Next to Planned Vikings Stadium

Ryan Cos. Unveils Plans to Build $400M M-U Development Next to Planned Vikings Stadium

Twin Cities developer Ryan Cos. recently unveiled plans to build a $400 million mixed-use development adjacent to the planned new Vikings stadium in downtown Minneapolis.…

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Mortenson Continues Downtown Minneapolis Development Plans with New 220-Room Hotel Project

Mortenson Continues Downtown Minneapolis Development Plans with New 220-Room Hotel Project

Mortenson Development is planning a nine-story, 220-room hotel near the First Avenue nightclub in downtown Minneapolis.…

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Chartres Lodging Acquires $28M Hotel, Paves Way for Second Radisson Blu Hotel in Twin Cities

Chartres Lodging Acquires $28M Hotel, Paves Way for Second Radisson Blu Hotel in Twin Cities

The second Radisson Blu in the Twin Cities will soon open after San Francisco-based Chartres Lodging Group closed on the $28 million acquisition of the Radisson Plaza Hotel Minneapolis, paving the way for the downtown hotel’s conversion.…

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HFF Secures Financing for 194-Unit Student Housing Project

HFF Secures Financing for 194-Unit Student Housing Project

Holliday Fenoglio Fowler recently announced it has arranged construction financing along with joint venture equity for the development of Metro Park East, a 194-unit student housing project at the University of Minnesota – Twin Cities in Minneapolis.…

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Campbell Mithun Considers Move from Namesake Tower

Campbell Mithun Considers Move from Namesake Tower

After residing at the Campbell Mithun Tower in Minneapolis since 1985, Campbell Mithun could move out after the advertising agency has started looking at various real estate options in downtown Minneapolis.…

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FedEx Plans New $20M Facility in Maple Grove; Life Time Fitness Extends Lease at Target Center

FedEx Plans New $20M Facility in Maple Grove; Life Time Fitness Extends Lease at Target Center

FedEx is planning to build a new $20 million sorting and distribution center in Maple Grove. The new 276,400-square-foot facility is expected to open in 2014 and will replace the smaller facility FedEx leases in Brooklyn Park for its SmartPost business…

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KBS REIT III Acquires 40-Story RBC Plaza for $118.1M

KBS REIT III Acquires 40-Story RBC Plaza for $118.1M

KBS Real Estate Investment Trust III recently announced the acquisition of the 678,045-square-foot RBC Plaza. The Newport Beach, Calif.-based public non-traded REIT purchased the downtown Minneapolis mixed-use office building for $118.1 million (net of closing credits).…

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KBS Closes on Acquisition of 228-Unit Eden Prairie M-U Community

KBS Closes on Acquisition of 228-Unit Eden Prairie M-U Community

Newport Beach, Calif.-based KBS Legacy Partners Apartment REIT has closed on its first acquisition in 2013: Watertower Apartments. The 228-unit mixed-use community, located in Eden Prairie, Minn., is situated close to I-494 and Highway 212 and just 16 miles southwest of downtown Minneapolis.…

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$78M Duluth Airport Terminal Opens for Passengers

$78M Duluth Airport Terminal Opens for Passengers

After more than four years in the works, a new passenger terminal at Duluth International Airport opened for public. The new state-of-the-art facility cost $78 million to build and features lots of glass and natural light.…

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Sears Plans Major Redevelopment Project at St. Paul Site

Sears Plans Major Redevelopment Project at St. Paul Site

Developers announced big plans for the site surrounding the St. Paul Sears store near the State Capitol. Redevelopment plans call for new retail, an office building as well as residential space.…

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