Multifamily news in Minneapolis-St. Paul
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LMC Breaks Ground on 445-Unit Minneapolis Property
The property on First Avenue will include 8,000 square feet of retail and is slated for completion in the fall of 2020.
10 June 2019 14:15 -
Trio of Midwest Communities Commands $100M
With this acquisition, The Habitat Co. enters the Minnesota market while expanding its multifamily portfolio in Michigan to more than 2,500 units.
04 June 2019 13:32 -
New Minneapolis Community Trades for $25M
Roers Cos. sold Mezzo, a 110-unit property in the city’s Arts District. JLL originated a $16.2 million loan for the new owner.
03 June 2019 11:26 -
Dekel Capital Arranges $41M Loan for MN Community
Central Park West includes a total of 199 units, of which six are affordable, according to Yardi Matrix data. The community is close to downtown Minneapolis.
31 May 2019 17:17 -
Berkshire Acquires Recently Completed MN Community
The Park Off Central is located less than 20 miles from Minneapolis and St. Paul. The new owner is set to rebrand the 191-unit asset.
06 March 2019 12:17 -
Twin Cities Multifamily Report – Winter 2019
Despite a new cycle peak in apartment deliveries in 2018, the average rent growth across the metro remained above the national average.
01 March 2019 13:48 -
How to Prepare for the Next Polar Vortex
The general manager of Minneapolis’ tallest building tells how her property got through the recent polar vortex safely—and shares tips for future events.
04 February 2019 21:52 -
Affordable Senior Housing Community Opens in MN
The Legends of Spring Lake Park is close to a variety of parks, shopping venues and restaurants, and includes a mix of one-, two- and three-bedroom units.
31 January 2019 11:05 -
Top 10 Multifamily Completions in the Midwest in 2018
With more than 35,000 new units, multifamily development in the Midwest closed a very active 2018, on par with national trends.
28 January 2019 13:04 -
LaSalle Buys Twin Cities Communities
Clarion Partners earned approximately $68 million from the sale of the 241-unit portfolio, taking a loss compared with the seller’s acquisition cost of the assets in 2015.
09 January 2019 14:39 -
Minnesota Affordable Housing Secures Freddie Mac Loan
Merchants Capital secured financing for Real Estate Equities for the $20 million Technology Park Apartments in Rochester.
02 January 2019 14:53 -
CBRE Arranges Sale of 413-Unit MN Community
The company’s Keith Collins, Abe Appert, Ted Abramson and Ike Hoffman facilitated the sale on behalf of the seller.
19 December 2018 16:34 -
Opus Breaks Ground in Downtown Minneapolis
The six-story building is the company's third residential development in downtown Minneapolis and its eighth in Minnesota. The community is expected to be delivered in 2020.
18 December 2018 15:04 -
JV Breaks Ground on Minneapolis Community
The 200-unit LakeHaus project is being converted from a 1950s office building into a luxury community near Lake Calhoun.
13 December 2018 16:53 -
MN Apartments Change Hands in $95M Deal
MLG Capital and SAS sold a 698-unit community in suburban Minneapolis, three years after acquiring the property for $41 million.
06 December 2018 21:56