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06/20/2018
HPT’s Buying Binge Continues with $75 Million Minneapolis Acquisition
The Chartres Lodging Group LLC sold the Radisson Blu hotel in downtown Minneapolis for more than twice the amount it paid for the 360-room hotel in 2013. Newton, MA-based Hospitality Properties Trust (HPT) bought the hospitality property at 35 S. Seventh...

06/18/2018
Newcomer from Colorado Will Break Ground in North Loop
Vail, CO-based Solaris Redevelopment Corp. is poised to start work on its first project in Minneapolis, a 300,000-square-foot, six-story building in the city’s burgeoning North Loop neighborhood. The sleek black building will house 156 market-rate...

06/18/2018
One Liberty Properties Purchases Plymouth Industrial for $5.5M
Plymouth Indusries, Inc. and Hines Corporation sold the Plymouth Industries manufacturing building at 2601 N. Niagara Ln. in Plymouth, MN for $5.5 million, or about $67 per square foot, to One Liberty Properties, Inc. In connection with the sale, Plymouth...

06/14/2018
'Superb' Art Deco Building Up for Sale in Minneapolis
Image Credit: Spacecrafting. If you’re a fan of art deco, you have probably admired Minneapolis’ Foshay Tower and St. Paul’s City Hall, but have you heard of the "House that Flax Built"? That is 1667 Snelling Ave. N in Falcon Heights, a 161,000-square...

06/13/2018
Multifamily Developers in Minneapolis Looking Beyond Downtown
Construction is underway at the site of Xenia, located between the West End area of St. Louis Park and Golden Valley. Upon completion in the fourth quarter of 2018, the apartment complex will include 372 residential units. Though the wave of multifamily...

06/11/2018
The Excelsior Group Pays $13.7M for Plymouth Industrial Building
The Excelsior Group, a Minnesota-based real estate firm, acquired the industrial building at 2400 N. Xenium Ln. in Plymouth, MN from Christopher & Banks Corporation for $13.65 million, or about $62 per square foot. In connection with the sale, the...

06/07/2018
Samsung Subsidiary is the New Owner of Minneapolis’ City Center
One of downtown Minneapolis’ largest office and retail centers has been sold to an entity controlled by a division of Seoul, South Korea-based giant Samsung Group. As reported yesterday by CoStar News, Haikou, China-based multinational HNA had sold...

06/06/2018
Minneapolis’ City Center Sells Again
Beleaguered Chinese multinational conglomerate HNA has sold Minneapolis’ City Center for $320 million. According to sales documents released on Wednesday morning, an as-yet unidentified buyer purchased the sprawling, 1.62 million-square-foot complex...

06/05/2018
New US Housing Index Underscores Long-Term Demand for Multifamily
If a study by professors at two Florida universities is any indication, demand for multifamily housing should hold steady for the foreseeable future. In certain markets, consumers who rent and reinvest the potential savings [versus mortgage payments...

06/05/2018
LaSalle Snaps Up Amazon-Anchored T3 Building in Minneapolis
Chicago-based LaSalle Investment Management has acquired the T3 building, a seven-story structure that was described by Architect magazine as the "largest modern mass timber building in the USA" when it was completed in 2016. LaSalle announced on Tuesday...

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