Multifamily news in Marketing - Minneapolis-St. Paul

  • Roundy’s Announces Sale of 18 Rainbow Stores and Full Exit from Minneapolis/St. Paul Market

    Roundy’s Inc. recently announced that it has decided to fully exit the Minneapolis / St. Paul market. The company has entered into definitive agreements to sell 18 Rainbow stores in the Minneapolis / St. Paul market to a group of local grocery retailers, including Supervalu Inc.

  • AFL-CIO Housing Investment Trust Provides $33M for 259-Unit Apartment Complex

    The AFL-CIO Housing Investment Trust recently announced it has provided $33 million in pension capital funding for the construction of Five 15 on the Park, an apartment complex in Minneapolis.

  • 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.

  • Zeller Realty, Invesco Partner to Buy Fifth Street Towers

    By Gabriel Circiog, Associate Editor Zeller Realty Group and Invesco Real Estate have teamed up to acquire Fifth Street Towers at a sheriff’s auction, the Minneapolis / St. Paul Business Journal reports. The 1.1 million-square-foot office complex, located in downtown Minneapolis at 100 and 150 S. Fifth St., consists of two state-of-the-art buildings. The 25-story [...]

  • Target’s New Lease Could Lead to Sale of 50 S. 10th Street

    By Gabriel Circiog, Associate Editor Target Corp. could get the ball rolling in the downtown Minneapolis real estate market. After it recently reached a major lease agreement for 50 S. 10th St., local experts are expecting a chain reaction, Finance & Commerce reports. Target will lease all the rentable office space in the building, a [...]

  • CPM Development Plans Student Housing, Retail for Arby’s Site

    By Gabriel Circiog, Associate Editor With around 49,000 students attending the University of Minnesota and residence halls able to accommodate only about 6,000 of them, it seems likely that a new student housing project could prove successful. Accordingly, Finance & Commerce reports that Minneapolis-based CPM Development is planning student housing and retail on a two-acre property [...]

  • Back-up Plan Surfaces for Downtown Block-E Complex

    By Gabriel Circiog, Associate Editor The future of the Block E retail-entertainment complex is in question, as Mayor R.T. Rybak says the plan to build a $400 million casino is not gathering pace at the Capitol, the Star Tribune reported. Ten years have passed since the Block E opened, and now the building that was expected to [...]

  • Fifth Street Towers Returned to Lender

    By Gabriel Circiog, Associate Editor Fifth Street Towers, the gigantic downtown Minneapolis office complex, has been returned to its lender, Finance & Commerce reports. The 1.1 million-square-foot complex overlooking Fifth Street and Marquette Avenue has been taken over from London-based Strategic [...]

  • 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 [...]

  • 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 [...]

  • 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 [...]

  • 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 [...]

  • 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 [...]

  • Shoreview Complex Faces Foreclosure

    By Camelia Bulea, Associate Editor The former headquarters of Deluxe Corp. is now facing foreclosure.  The lender on Shoreview Corporate Center, a 553,000-square-foot office and industrial campus located in the suburb of Shoreview, has started foreclosure proceedings. Since 2005, the mortgage [...]

  • KBS Purchases Minnetonka’s Trophy 601 Tower at Carlson Center Office Building

    By Camelia Bulea, Associate Editor  The prestigious 15-story 601 Tower at Carlson Center in Minnetonka, Minn., reached 95 percent occupancy yesterday when KBS Capital Advisors, an affiliate of KBS Realty Advisors, signed a direct lease with Altair Global Relocation for approximately [...]