Minneapolis-St Paul

AFL-CIO Invests $29.8M to Modernize Seward Towers Apartments in Minneapolis

The AFL-CIO HIT is investing $29.8 million toward the renovation of 640 multifamily rental units in Minneapolis’ Seward Towers.

$54M Price Tag for Minneapolis Apartments

CBRE has arranged the sale of a 218-unit multifamily community.

CAPREIT Lands Suburban Community

Another apartment community has changed owners in the City of Lakes.

After Half a Century, Vintage Property Gets New Owner

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

Residential Project Reclaims Storm-Tossed Neighborhood

An investor from St. Paul, Minn. is attempting to revitalize a damaged North Minneapolis building.


Investors Seek Out Multifamily Gems

Investors are showing renewed interest in Greater Minnesota’s hidden multifamily gems.

Marcus & Millichap Closes Two M-F Sales Totaling 106 Units

Brokerage firm Marcus & Millichap recently arranged the sale of two multifamily properties in the city of Minneapolis, totaling close to $10.5 million.

RES Americas to Develop 200 Megawatt Pleasant Valley Wind Farm for Xcel Energy

RES America Developments Inc., recently announced it has partnered up with Xcel Energy to build the 200 megawatt Pleasant Valley Wind Farm. Located near Austin, Minnesota, adjacent to the Grand Meadow wind project owned by Xcel Energy, Pleasant Valley Wind Farm is part of 600 megawatts of wind power recently announced by Xcel Energy in the Upper Midwest service territory.

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.