Finance & Investment - Minneapolis-St. Paul

  • Twin Cities Affordable Housing Portfolio Sells for $77M

    Investors Aeon, the NOAH Impact Fund and Enterprise Community Investment purchased the 10 properties. The apartments will continue to welcome low-income renters.

    01 November 2017 15:39
  • Dougherty Funding Closes $11M Minneapolis Refi

    The property is located in the Whittier neighborhood, between uptown and downtown, and is one block from Minneapolis Institute of Art and Minneapolis College of Art and Design.

    31 October 2017 15:35
  • Dougherty Closes $14M Loan for Minneapolis Asset

    The company worked on behalf of the borrower, Eagan Apartment Associates LLP, to close the 12-year term loan. The community was 98.2 percent occupied as of August.

    05 October 2017 13:35
  • Dougherty Mortgage Closes $32M Loan for MN Community

    The financing will be used to build Union Flats, a 217-unit affordable housing property in St. Paul. The community will be built on a site currently occupied by the Hunt Electric Corp. building.

    02 October 2017 15:04
  • Minneapolis Project Lands $130M Financing

    The Legacy, a joint venture between Provident Real Estate Ventures and Shamrock Properties, received a senior loan from PCCP.

    26 September 2017 16:43
  • JV Lands $40M Twin Cities Affordable Community

    Aeon and The Community Development Trust purchased Seasons Park Apartments, a 422-unit community in Richfield, Minn. The transaction marks Aeon’s largest acquisition and the second-largest investment for CDT.

    25 September 2017 16:58
  • TH Real Estate Acquires 2 for $93M

    The Minneapolis communities, near the University of Minnesota, include the 101-unit The Knoll and the 210-unit The Bridges.

    28 July 2017 08:17
  • After Half a Century, Vintage Property Gets New Owner

    A 54-unit apartment building near Lake Calhoun has changed hands for $9 million.

    21 October 2015 22:20
  • City to Build 100 Green Homes in North Minneapolis

    Mayor R.T. Rybak and the City of Minneapolis are spearheading a project dubbed as the Green Homes North Initiative. The plan, scheduled to start this summer, calls for the construction of 100 green or energy efficient homes throughout north Minneapolis on City-owned vacant lots.

    29 July 2013 20:52
  • Minneapolis City Council Green-Lights Value Capture District for Nicollet-Central Streetcar Line

    Initial approval has been given by the Minneapolis City Council to redirect up to $60 million in property taxes to help pay for a streetcar line which would run along Nicollet and Central Avenues.

    24 June 2013 21:51
  • 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.

    17 June 2013 04:29
  • 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.

    15 April 2013 05:51
  • Normandale Lake Office Park Sells for $268M

    By Gabriel Circiog, Associate Editor The Normandale Lake Office Park, a five-building complex located in Bloomington, was acquired by an affiliate of Chicago-based Equity Group Investments. Situated on 23 acres of land at the southwest corner of I-494 and Highway 100 in the Southwest suburb of Bloomington, the 1.7 million-square-foot Class A office complex features [...]

    10 September 2012 20:11
  • Opus to Build New Office Building for Xcel Energy at Nicollet Mall

    By Gabriel Circiog, Associate Editor The Opus Development Corporation has announced plans to build a 212,000-square-foot office building in downtown Minneapolis. The nine-story building will be built for Xcel Energy on the southeast corner of Fourth Street and the Nicollet Mall. The site is currently a private parking ramp which was built in the 1960s. [...]

    25 June 2012 19:32
  • Zeller Realty Secures Refinancing for LaSalle Plaza

    By Gabriel Circiog, Associate Editor Chicago-based Zeller Realty has secured refinancing for LaSalle Plaza from a unit of Minneapolis-based U.S. Bancorp, U.S. Bank Commercial Real Estate. While terms of the deal were not disclosed, the Minneapolis / St. Paul Business Journal reports the loan is estimated to be worth around $92 million. Located at 800 [...]

    29 May 2012 05:24