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May 6, 2026
Hotel margins lose momentum
Gross operating margins across major U.S. hotel markets continue to reflect an uneven recovery pattern, with 2025 results highlighting a growing divide between top-performing cities and those still working back toward pre-pandemic levels.
May 5, 2026
National law firm to nearly double downtown Minneapolis hub
The legal leasing spree helping to bolster office markets across the country is lending a reliable boost to downtown Minneapolis with a firm's deal to nearly double its regional footprint.
May 5, 2026
Colliers hires Phoenix industrial team; Crescent Communities CEO departs; Newmark names asset services president
Colliers has hired the Liles industrial team headed by Ted Liles, an industry veteran with more than 19 years of experience. Liles joined Colliers in Phoenix and brought team member David Perez, now a senior associate at Colliers and Adrea Pringle, who serves as associate vice president and transaction manager. The Liles industrial team members, all of whom previously worked at Cresa, are based in Phoenix.
May 5, 2026
Top industrial leases recognized for Minneapolis/St. Paul
Prominent industrial leases signed by BP Marketing Group, thyssenkrupp and Boston Scientific negotiated by top dealmakers from CBRE are among the first-quarter industrial leases recognized by CoStar.
May 5, 2026
Top office leases recognized for Minneapolis/St. Paul
Prominent office leases signed by Northwestern Mutual, Actus Manufacturing and Rise and Shine Partners negotiated by top dealmakers from Transwestern Real Estate Services, Carlson Partners and Monarch CRE are among the first-quarter office leases recognized by CoStar.
May 5, 2026
Top property sales recognized for Minneapolis/St. Paul
A prominent general retail deal handled by JLL and a multifamily disposition arranged by CBRE are among the top first-quarter property sales recognized by CoStar.
May 5, 2026
Top retail leases recognized for Minneapolis/St. Paul
Prominent retail leases signed by Simply Ride, Cannabis Company and Clear Lakes Dental negotiated by top dealmakers from Carlson Partners and KW Commercial are among the first-quarter retail leases recognized by CoStar.
May 4, 2026
Great States Development acquires Minneapolis apartment building
Great States Development acquired The Copham, a 120-unit apartment building at 607 N. Washington Ave. in Minneapolis from Greco for $37.6 million, or $313,333 per unit.
May 4, 2026
Minneapolis-area retail center trades hands
Crow Holdings acquired Main Street Marketplace, a two-building retail center at 12555 and 12525 Ulysses St. NE in Blaine, Minnesota, from NexGen Properties for $5,875,000, or $313 per square foot.
May 4, 2026
University of Minnesota acquires Historic Fire Station 19 in Minneapolis
The University of Minnesota bought Historic Fire Station 19, a three-story retail property at 2001 University Ave. SE in Minneapolis, from Station 19 Architects for $8 million, or $508 per square foot, in an all-cash deal.
May 4, 2026
Northstar buys St. Paul senior housing property
Northstar Properties bought Graham Place-St. Paul, a 121-unit senior living apartment building at 1745 Graham Ave. in St. Paul, Minnesota, from Stonebridge Communities for $17,101,000, or $141,331 per unit.
May 4, 2026
Global Net Lease agrees to pay $535 million for Modiv Industrial
Global Net Lease, an investment firm specializing in industrial properties, agreed to acquire a similar, albeit smaller, company for $535 million as demand rises for warehouse, logistics and similar properties across the United States.
May 1, 2026
MLG Capital adds suburban Minneapolis apartments to multifamily portfolio
MLG Capital has expanded its multifamily footprint in suburban Minneapolis with the acquisition of a recently developed, well‑leased apartment community in Coon Rapids.
May 1, 2026
Minneapolis apartment property sells in bankruptcy deal
Bigos Management purchased a five-story apartment building in downtown Minneapolis, for $35,035,000 or about $200,200 per unit, and immediately rebranded the property as The Ellory and announced plans to revamp both the apartments and amenity spaces.
May 1, 2026
Greystar expands Twin Cities footprint with Maple Grove buy
Greystar Real Estate Partners acquired a 264-unit apartment complex in Maple Grove, Minnesota, from Dunbar Development for $53 million, or about $200,758 per unit.
April 30, 2026
Cushman broker elected SIOR president; CBRE names head of North American advisory; Newmark appoints occupier team leads
Cushman & Wakefield's Aaron Barnard has been elected to serve as global president of the Society of Industrial and Office Realtors, or SIOR. He is set to assume the role for a one-year term at the organization’s fall conference to be held in October in New York City.
April 29, 2026
Best Buy aims to ditch large slice of its headquarters near Minneapolis
Best Buy now has fewer employees regularly commuting to its sprawling suburban Minneapolis campus. As a result, the retailer that's one of the region's biggest employers is testing whether it can offload a large portion of the space to another company.
April 20, 2026
Discount giant Target sets six new store openings for May
Target is doubling down on its commitment to large stores by opening a half dozen new locations next month as part of a $5 billion capital-investment initiative this year.
April 14, 2026
Why short-term rental penetration varies widely across major hotel markets
Demand for short‑term rentals, or STRs, now capture about 18% of hotel demand nationwide, though their presence across major U.S. markets varies widely based on local conditions.
April 13, 2026
Hotels fill rooms; short‑term rentals win on price
A comparison of relative performance indices for hotels and short‑term rentals, or STRs, across major U.S. cities underscores how differently the two lodging models monetize demand.

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