Multifamily news in Operations - Minneapolis-St. Paul
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Hyatt Hotels Announces Plans for 302-Room Hotel in Bloomington
Hyatt Hotels Corporation recently announced that a Hyatt affiliate has entered into a franchise agreement with an affiliate of McGough Development for a Hyatt Regency hotel in Bloomington, Minnesota.
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Cardiovascular Systems to Build New Corporate Headquarters
Cardiovascular Systems Inc. recently announced plans to build a new corporate headquarters in New Brighton, Minnesota.
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Hines Announces U.S. Bank Plaza Earns LEED Gold Certification
Hines recently announced that U.S. Bank Plaza in Minneapolis has received LEED Gold certification from the U.S. Green Building Council under the Existing Buildings Rating System.
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Loews Hotels & Resorts to Acquire 255-Room Graves 601 Hotel Wyndham Grand
Loews Hotels & Resorts recently announced that it has entered into an agreement to acquire the Graves 601 Hotel Wyndham Grand. The property will be purchased from the Graves Hospitality Corporation in a deal that is expected to close in early July.
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CSM Plans Two Speculative Developments in Minnesota
Minneapolis-based CSM Corporation recently announced plans to develop two speculative commercial real estate projects in Minnesota. The first project calls for the construction of a 202,000-square-foot office and warehouse facility in Brooklyn Park and the second for a 270,000-square-foot bulk warehouse facility in Rogers.
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DiamondRock Hospitality Completes Renovation of 821-Room Hilton Minneapolis
DiamondRock Hospitality Company recently announced that it has successfully completed its $13 million renovation of the Hilton Minneapolis. The revamping project, which started in November 2013 included guest rooms, guest bathrooms and corridors.
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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.
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Hennepin County Medical Center Announces Plans to Expand Downtown Campus
Hennepin County Medical Center recently announced the construction of a new 322,000-square-foot clinic and specialty center. The new addition will expand its downtown Minneapolis campus and aims to meet the growing demand for outpatient and specialty services.
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Aimbridge Hospitality Awarded Management Contract for Embassy Suites Bloomington Hotel
Aimbridge Hospitality recently announced it has been awarded the management contract for the Embassy Suites Bloomington Hotel – a Hilton Family Hotel.
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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.
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Twin Cities’ Residential Construction Continues Growth Trend
Twin Cities’ residential construction is increasing according to recent data compiled by the Keystone Report for the Builders Association of the Twin Cities.
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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.
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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.
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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.
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Valspar Announces $30M Campus Renovation, Expansion; St. Paul Reopens Ballpark Builder Selection Process
The Valspar Corp. announced plans to renovate its former headquarters building and expand its research-and-development campus in downtown Minneapolis. The campus is the anchor of the company’s research-and-development network worldwide, known as the Valspar Applied Science and Technology Centers (VAST).