<rss version="2.0" xmlns:ynewsrss="http://news.yahoo.com/rss.html"><channel><title><![CDATA[Minneapolis Commercial Real Estate News From CoStar Group]]></title><link><![CDATA[http://www.costar.com/]]></link><description><![CDATA[CoStar Group, Inc. is the leading provider of information services to commercial real estate property investors and sales professionals in the United States and United Kingdom. CoStar's suite of services offers access to the most comprehensive database of commercial real estate information and commercial property listings available in its markets.]]></description><language><![CDATA[en]]></language><category domain="Yahoo"><![CDATA[Business/Real_Estate_and_Housing]]></category><ttl>15</ttl><image><title><![CDATA[CoStar Group, Inc.]]></title><link><![CDATA[http://www.costar.com/]]></link><url><![CDATA[http://www.costar.com/SharedFiles/Common/images/logos/CoStarGroup112.gif]]></url></image><item><title><![CDATA[CoStar's People of Note (May 12 - 18)]]></title><link><![CDATA[http://origin-www-dc.costar.com/News/Article/CoStars-People-of-Note-May-12-18/148651?ref=/News/Article/CoStars-People-of-Note-May-12-18/148651&src=rss]]></link><description><![CDATA[This week's People of Note includes the following markets: Detroit, Charlotte, Phoenix, New York, Charleston, South Florida, and San Diego.
 
DETROIT
Farbman Group Promotes Gutman, Kalil 
By Tim Heise

Farbman Group, a Southfield, MI-based, full-service real estate solutions company, has promoted CFO Andrew Gutman to president of the company. Gutman joined Farbman Group more than 18 years ago. He has worked in several areas of ]]></description><author><![CDATA[Justin Sumner <news@costar.com>]]></author><pubDate><![CDATA[Fri, 17 May 2013 09:02:42 GMT]]></pubDate></item><item><title><![CDATA[Market Trend:  Minneapolis's Industrial Deliveries, Construction and Inventory]]></title><link><![CDATA[http://origin-www-dc.costar.com/News/Article/Market-Trend-Minneapoliss-Industrial-Deliveries-Construction-and-Inventory/148619?ref=/News/Article/Market-Trend-Minneapoliss-Industrial-Deliveries-Construction-and-Inventory/148619&src=rss]]></link><description><![CDATA[During the first quarter 2013, one building totaling 227,054 square feet was completed in the Minneapolis Industrial market area. 

This compares to one building totaling 64,444 square feet that was completed in the fourth quarter 2012, nothing completed in the third quarter 2012, and 207,775 square feet in two buildings completed in the second quarter 2012.

There was 1,211,000 square feet of <a href="http://www.showcase.com/industrial-space" target="_blank">Industrial space</a> under construction at the end of...]]></description><author><![CDATA[Justin Sumner <news@costar.com>]]></author><pubDate><![CDATA[Thu, 16 May 2013 07:07:13 GMT]]></pubDate></item><item><title><![CDATA[DDR Buying 30 Shopping Centers from Blackstone JV]]></title><link><![CDATA[http://origin-www-dc.costar.com/News/Article/DDR-Buying-30-Shopping-Centers-from-Blackstone-JV/148602?ref=/News/Article/DDR-Buying-30-Shopping-Centers-from-Blackstone-JV/148602&src=rss]]></link><description><![CDATA[Blackstone Group LP will sell its interest in a portfolio of power centers across the country to joint-venture partner DDR Corp. (NYSE: DDR) for $1.46 billion.

Beachwood, OH-based DDR and Blackstone acquired the large-format power centers totaling 11.8 million square feet through a joint venture deal that closed nearly a year ago. The latest acquisition, expected to close in the fourth quarter, will generate significant cash flow for DDR in top...]]></description><author><![CDATA[Randyl Drummer <news@costar.com>]]></author><pubDate><![CDATA[Wed, 15 May 2013 11:24:05 GMT]]></pubDate></item><item><title><![CDATA[Southcross Village Townhomes Trades for $5.1M]]></title><link><![CDATA[http://origin-www-dc.costar.com/News/Article/Southcross-Village-Townhomes-Trades-for-$51M/148390?ref=/News/Article/Southcross-Village-Townhomes-Trades-for-$51M/148390&src=rss]]></link><description><![CDATA[KES Holdings LLC acquired the 60-unit Southcross Village Townhomes at 14800 County Road 5 in Burnsville, MN for $5,125,000, or about $85,000 per unit.

The two-story, 62,016-square-foot multifamily community delivered in 1985 on 5.6 acres in the Burnsville / Eagan / Apple Valley submarket of Dakota County.  The mix of 24 one-bedroom and 36 two-bedroom homes have asking rents between $919 and $1,129 per month.

William Cullen of WilliamRobert represented...]]></description><author><![CDATA[Jeff Tardiff <news@costar.com>]]></author><pubDate><![CDATA[Wed, 15 May 2013 08:17:46 GMT]]></pubDate></item><item><title><![CDATA[Citrus Systems Leases 132,000 SF in Hopkins]]></title><link><![CDATA[http://origin-www-dc.costar.com/News/Article/Citrus-Systems-Leases-132000-SF-in-Hopkins/148475?ref=/News/Article/Citrus-Systems-Leases-132000-SF-in-Hopkins/148475&src=rss]]></link><description><![CDATA[Citrus Systems, Inc, the maker of Citrus Sun juice, expanded by more than 60 percent in a lease of 132,308 square feet for the entire industrial building at 415 11th Ave. S in Hopkins, MN.

The warehouse was built in 1996 on 12.7 acres in the Southwest Industrial submarket of Hennepin County.  The tenant will take occupancy in the fall 2013.

Paul Bickford and Bradley Bohlman with Colliers International represented the landlord, Duke Realty Corporation...]]></description><author><![CDATA[Jeff Tardiff <news@costar.com>]]></author><pubDate><![CDATA[Wed, 15 May 2013 07:20:33 GMT]]></pubDate></item><item><title><![CDATA[Geckler Bldg in Lakeville Purchased for $2.2M]]></title><link><![CDATA[http://origin-www-dc.costar.com/News/Article/Geckler-Bldg-in-Lakeville-Purchased-for-$22M/148524?ref=/News/Article/Geckler-Bldg-in-Lakeville-Purchased-for-$22M/148524&src=rss]]></link><description><![CDATA[GRI Group LLC acquired the Geckler Building at 8075-8095 215th St. W in Lakeville, MN from Sterling State Bank for $2.15 million, or about $48 per square foot. 

The single-story, 44,378-square-foot industrial building was built in 1977 and renovated in 2002, in the South Central Industrial submarket. 

Roz Peterson and Bruce Rydeen with Cerron Commercial Properties represented the seller, Sterling State Bank.

Please refer to CoStar COMPS...]]></description><author><![CDATA[Prince Frimpong <news@costar.com>]]></author><pubDate><![CDATA[Wed, 15 May 2013 01:13:11 GMT]]></pubDate></item><item><title><![CDATA[CoStar's People of Note (May 5 - 11)]]></title><link><![CDATA[http://origin-www-dc.costar.com/News/Article/CoStars-People-of-Note-May-5-11/148478?ref=/News/Article/CoStars-People-of-Note-May-5-11/148478&src=rss]]></link><description><![CDATA[This week's People of Note includes the following markets: Los Angeles, Minneapolis, Washington DC, New Jersey, Chicago, New York, and Indianapolis.
 
LOS ANGELES
Diaz Returns to Cushman & Wakefield 
By Allison Smith

Lalo Diaz has returned to Cushman & Wakefield, Inc. as a market leader for the Downtown Los Angeles market. In his new role Diaz will be responsible for overseeing day-to-day activities, recruitment goals, an]]></description><author><![CDATA[Justin Sumner <news@costar.com>]]></author><pubDate><![CDATA[Fri, 10 May 2013 08:11:27 GMT]]></pubDate></item><item><title><![CDATA[Cassidy Turley Promotes Five]]></title><link><![CDATA[http://origin-www-dc.costar.com/News/Article/Cassidy-Turley-Promotes-Five/148418?ref=/News/Article/Cassidy-Turley-Promotes-Five/148418&src=rss]]></link><description><![CDATA[Cassidy Turley announced the promotion of five employees at its Minneapolis office within the property management, brokerage and administrative divisions.  Brian Woolsey, Jennifer Pelant, Mark Richardson, Angela Samargia, and Robert Franks were all recognized for their contributions to the firm.

Woolsey (pictured, left) was promoted to managing director from senior vice president.  Pelant (pictured, right) was promoted to associate vice president...]]></description><author><![CDATA[Prince Frimpong <news@costar.com>]]></author><pubDate><![CDATA[Fri, 10 May 2013 05:30:43 GMT]]></pubDate></item><item><title><![CDATA[Market Trend:  Minneapolis's Retail Deliveries, Construction and Inventory]]></title><link><![CDATA[http://origin-www-dc.costar.com/News/Article/Market-Trend-Minneapoliss-Retail-Deliveries-Construction-and-Inventory/148438?ref=/News/Article/Market-Trend-Minneapoliss-Retail-Deliveries-Construction-and-Inventory/148438&src=rss]]></link><description><![CDATA[During the first quarter 2013, nine buildings totaling 65,348 square feet were completed in the Minneapolis retail market. 

Over the past four quarters, a total of 987,695 square feet of <a href="http://www.showcase.com/retail-space" target="_blank">retail space</a> has been built in Minneapolis.  In addition to the current quarter, 12 buildings with 435,262 square feet were completed in fourth quarter 2012, 12 buildings totaling 411,124 square feet completed in third quarter 2012, and 79,847 square feet in six...]]></description><author><![CDATA[Justin Sumner <news@costar.com>]]></author><pubDate><![CDATA[Fri, 10 May 2013 03:34:09 GMT]]></pubDate></item><item><title><![CDATA[Micon Properties Pays $2.5M for Northridge Center]]></title><link><![CDATA[http://origin-www-dc.costar.com/News/Article/Micon-Properties-Pays-$25M-for-Northridge-Center/148303?ref=/News/Article/Micon-Properties-Pays-$25M-for-Northridge-Center/148303&src=rss]]></link><description><![CDATA[Micon Properties LLC acquired a retail unit at the Northridge Center, located 400-475 Chippewa Mall Dr. in Chippewa Falls, WI from Northridge Center LLC for $2.45 million, or about $102 per square foot.

The buyer will operate its retail business out of the unit, which totals 24,000 square feet.  The single-story, 120,000-square-foot retail strip center was built in 1983 on 12.5 acres in Chippewa County.

Neither party was represented in the direct...]]></description><author><![CDATA[Megan Ohlmacher <news@costar.com>]]></author><pubDate><![CDATA[Wed, 08 May 2013 09:16:53 GMT]]></pubDate></item><item><title><![CDATA[Swervo Development Corp Acquires Minneapolis Office Bldg]]></title><link><![CDATA[http://origin-www-dc.costar.com/News/Article/Swervo-Development-Corp-Acquires-Minneapolis-Office-Bldg/148297?ref=/News/Article/Swervo-Development-Corp-Acquires-Minneapolis-Office-Bldg/148297&src=rss]]></link><description><![CDATA[Swervo Development Corporation acquired the 510 Marquette Building at 510 Marquette Ave. in Minneapolis, MN from Opportunity Advisors LLC for $6.69 million, or about $34 per square foot.

The 13-story, 198,716-square-foot <a href="http://www.showcase.com/Office-building" target="_blank">office building</a> delivered in 1925 with a major renovation completed in 1997. It is located in the Minneapolis CBD submarket of Hennepin County.  The asset was just 10 percent occupied at the time of sale.

Neither party was represented...]]></description><author><![CDATA[Jeff Tardiff <news@costar.com>]]></author><pubDate><![CDATA[Wed, 08 May 2013 06:54:33 GMT]]></pubDate></item><item><title><![CDATA[The CoStar Watch List Newsletter for May 9 - May 19]]></title><link><![CDATA[http://origin-www-dc.costar.com/News/Article/The-CoStar-Watch-List-Newsletter-for-May-9-May-19/148410?ref=/News/Article/The-CoStar-Watch-List-Newsletter-for-May-9-May-19/148410&src=rss]]></link><description><![CDATA[This Week’s Top Stories

Multifamily GSE Lending Reform: Potentially Disruptive and Inherently Valueless
"Borrowers would face higher borrowing costs and more variability in the price and availability of credit, with the greatest adverse impact likely to fall on low- and moderate-income families and renters in underserved markets. Some borrowers could lose access to credit altogether."

Read the Full Story...

Receiver Sets Liquidation Plan...]]></description><author><![CDATA[Mark Heschmeyer <news@costar.com>]]></author><pubDate><![CDATA[Wed, 08 May 2013 07:16:13 GMT]]></pubDate></item></channel></rss>