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09/24/2018
Mayo Clinic Expansion Aims to Create Tallest Building in Rochester, Minnesota
Plans for the Mayo Clinic's Gonda Building include 11 new floors and a hotel.Credit: Pelli Clarke Pelli Architects, courtesy of Mayo Clinic. The Mayo Clinic, the world-renowned medical center, has long towered over Rochester, Minnesota, in fame. It now...

09/20/2018
Minneapolis OKs Height Increase for Uptown Apartment Building
Reuter Walton Development received approved to increase the height of its proposed apartment building at 1116 W. Lake St. to eight stories. Credit: ESG Architects. The developer hoping to build a luxury apartment development in Minneapolis’ Uptown neighborhood...

09/20/2018
Minneapolis Theater Marks the Latest US Movie Palace Restoration in a Netflix Era
New owners have proposed renovations for Minneapolis' Suburban World Theatre at 3022 Hennepin Ave. S. The ceiling stars may soon shine again in the Suburban World Theatre, a long-vacant movie palace located in Minneapolis' thriving Uptown retail district...

09/17/2018
Foreign Investor Closes On Its Biggest U.S. Industrial Deal to Date
Investcorp has purchased 56 industrial properties in seven U.S. markets for $300 million. A Bahrain-based global investor with $22 billion in assets closed on its biggest U.S. industrial portfolio yet, giving the firm another 4.5 million square feet...

09/13/2018
Amazon Expanding in Suburban Minneapolis
Signs direct Amazon delivery trucks outside a 383,000-square-foot building at 9001 N. Wyoming Ave. in Brooklyn Park, Minnesota.Credit: Clare Kennedy for CoStar Group. Amazon is expanding again in the Minneapolis-St. Paul area. The Seattle-based e...

09/13/2018
Scannell Unveils Massive ‘Project Hotdish’ Warehouse Plan in Brooklyn Park, Minnesota
Scannell Properties is planning a 2.6 million-square-foot retail fulfillment center in Brooklyn Park, Minnesota. CREDIT: Ford & Associates Architects In a northern suburb of Minneapolis, developer Scannell is cooking up a fulfillment center code-named...

09/11/2018
Novel Enters Minneapolis Coworking Market
Novel Coworking is leasing space at the former Art Institutes International Minnesota building at 15 S. Ninth St. in downtown Minneapolis. Chicago-based Novel Coworking opened its first location in Minneapolis, a sign that competition among shared...

09/09/2018
Edina, Minnesota, Retail Center Up for Sale
Centennial Lakes Plaza, a 198,217-square-foot retail center at 7501 France Ave. S. in Edina, Minnesota, is for sale. Centennial Lakes Plaza, a suburban Minneapolis shopping center located in a well-established retail corridor, is on the market. The...

09/06/2018
Gramercy Sells Off Piece of $300.5M Life Time Gym Portfolio Near Minneapolis
Spirit Realty has purchased the Life Time Fitness location at 6233 Baker Road in Eden Prairie, Minnesota. New York-based Gramercy Property Trust has sold off one of its specialty retail properties before an impending acquisition by U.S. private equity...

09/05/2018
Minnesota Resort Sold Near Biggest Midwest Alpine Ski Area
The 43-acre Lutsen Resort in Lutsen, Minnesota, was sold to Canadian investors. Canadian investors have purchased the historic Northern Minnesota resort once owned by the family of an Olympic skier located within minutes of one of the biggest Alpine...

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