Twin Cities Classifieds

  • real estate & retail
  • City lawsuit against 1800 Lake          sw journal
  • 10-23 EAST ISLES — The Minneapolis City Council may take the owner of an Uptown luxury apartment building to court over what the city says is the illegal discharge of groundwater into the Chain of Lakes.
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  • TC 2nd in affordable housing          star tribune
  • 10-23 Minneapolis ranks second among the 25 largest U.S. metropolitan areas in terms of home affordability, according to a new report from Interest.com. The median household income in the Minneapolis/St. Paul area exceeds the income required to purchase a median-priced home in the Minneapolis/St. Paul area by 24 percent,That’s down from 32 percent last year and second only to Atlanta, Georgia.
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  • Mpls. Gets Green Light To Sue Uptown Building Owner          twin cities business
  • 10-23 The Minneapolis City Council recently gave the city the green light to sue the owner of a luxury apartment building in Uptown.
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  • Developer plans on Wash. Ave          mspbj
  • 10-22 Developer Mike Roess plans to build a 10,000-square-foot building at the site of a Washington Avenue surface parking lot in downtown Minneapolis.
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  • Apt complex sold in Uptown          star tribune
  • 10-22 L&B; Realty Advisors of Dallas bought the 158-unit property, which is located adjacent to Lake Calhoun, from Lake Calhoun City Apartments LLC, an entity owned by Michigan-based Village Green, and the Ackerberg Group in MInneapolis. CBRE’s Minneapolis office represented the sellers.
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  • Another mpls apt tower          twin cities business
  • 10-22 The developer Hines plans 291 new units amid an increasingly competitive downtown market.
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  • St. Thomas inducts five into RE hall of fame          star tribune
  • 10-22 Five new members will be inducted into the Minnesota Real Estate Hall of Fame later this week. They blazed their careers in the real estate industry in distinct and lasting ways.
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  • Eden Prairie Center sold          mspbj
  • 10-21 Eden Prairie Center, the Twin Cities’ fourth-largest shopping center, is changing hands.
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  • Topshop & Topman open at MOA          city pages
  • 10-21 This month, the Mall of America opened a slew of new stores, including one dedicated to Uggs, another serving bagels, and another honoring Norwegian culture. This Saturday, the mall will be welcoming British fashion chain Topshop and Topman to Nordstrom department store.
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  • Twin Cities office demand grows          mspbj
  • 10-21 The Twin Cities office market outlook remains positive despite “densification;,” according to two third-quarter market reports issued last week.
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  • New buildings on Mpls skyline          minnpost
  • 10-20 Amid high vacancy and a bumpy economy, the Twin Cities has seen few new office buildings built in recent years. That’s about to change.
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  • Ramsey County bets TCAAP          pioneer press
  • 10-20 Boosted by Ramsey County’s purchase of the land and exposure from a failed Minnesota Vikings stadium proposal, the barbed-wire fence is finally coming down at the Twin Cities Army Ammunition Plant site in Arden Hills.
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  • MSFA eyes retail near stadium          finance & commerce
  • 10-18 Stadium parking may not be the only use for the property known as the McClellan block, site of a planned garage for the future $975 million home of the Minnesota Vikings in downtown Minneapolis.
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  • Gaviidae sale complete          mspbj
  • 10-18 Brookfield Office Properties closed on the sale of its last downtown Minneapolis asset this week when it sold Gaviidae Common I retail center for $26.5 million to an entity controlled by New York-based Nightingale Properties.
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  • Building Blocks: CoCo Uptown          finance & commerce
  • 10-18 Property description: At first glance, the strip mall anchored by CVS Pharmacy between West Lake Street and the Midtown Greenway may not look all that interesting. But a visit to the basement reveals a brightly lit, 15,000-square-foot rectangular room filled with white tables and chairs and several intriguing conference rooms…
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  • Kahler under new management          rochestor post bulletin
  • 10-18 Four downtown Rochester hotels and about 550 employees will be under new management as of midnight tonight.
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  • Canadian Pacific Plaza sold          mspbj
  • 10-16 Canadian Pacific Plaza in downtown Minneapolis recently sold for $51.5 million.
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  • No deal yet on Wells Fargo move          star tribune
  • 10-16 Though the developer of the $400 million Downtown East mixed-use project and Wells Fargo remain coy about the bank’s involvement in the deal, renderings submitted to the city seem pretty clear. Wells Fargo’s name is all over the proposed signage for the office portion of the project.
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  • Exurbs see home construction          star tribune
  • 10-16 In several cases, Twin Cities-area developments halted amid the recession have been brought back to life.
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  • Penn-American Phase II delayed          finance & commerce
  • 10-16 United Properties said Monday it has pushed back the groundbreaking date for Penn-American Phase II project, a mixed-use development at 8001 Penn Ave. S. in Bloomington, which will be in an area served by a planned bus rapid transit line.
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  • ADM HQ team meets with others          mspbj
  • 10-15 After Twin Cities, ADM HQ team meets with Dallas, Atlanta
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  • ‘Spec’ RE projects are back          minnpost
  • 10-15 New apartment buildings aren’t the only new construction projects underway throughout the Twin Cities.
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  • The Country Bar: $329K          mspbj
  • 10-14 The owners of an Uptown dive bar struggling to pay their taxes are trying to sell their business.
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  • St. Paul office market remains stable          star tribune
  • 10-14 The market for office space in downtown St. Paul’s office market has remained stable so far this year, according to a report released Monday by the Greater St. Paul Building Owners and Managers Association (BOMA).
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  • Tiny offices in development          sw journal
  • 10-11 The Ackerberg Group is renovating the former Keller Williams Realty office space above Bar Abilene, offering new spaces as small as 250 square feet. Staff said they’re targeting small, growing local businesses, as opposed to Ackerberg’s nearby MoZaic tower, which caters to established firms that can pay top rent.
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  • Stolpestad doesn’t golf          pioneer press
  • 10-11 Jim Stolpestad has given this tour before — at least 50 times.
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  • First Avenue to buy Turf Club          city pages
  • 10-11 First Avenue has announced plans to purchase and take over management of the Turf Club. The venerable St. Paul venue has long been one of the best Twin Cities venues of any size, and it’s entering a new era after eight years under the ownership of Tom Scanlan. On October 15, the deal will officially go through.
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  • MOA adding 10 new shops          pioneer press
  • 10-11 The Mall of America announced 10 new retailers Thursday, including some newcomers to Minnesota.
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  • Star Tribune eyes Nicollet Mall          mspbj
  • 10-10 The Star Tribune Co. is looking at space on Nicollet Mall where it might relocate its headquarters.
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  • TC home sales still strong          star tribune
  • 10-10 Rising rents, relatively affordable home prices and low-interest rates continue to contribute to a brisk Twin Cities housing market, the Minneapolis Area Association of Realtors (MAAR) reported Thursday.
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  • Lunds buys S. suburban store          mspbj
  • 10-8 Lund Food Holdings Inc. is converting a Prior Lake grocery store it bought into a Lunds location.
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  • Building deal near for CenterPoint          star tribune
  • 10-8 A budding tiff between the city of Minneapolis and CenterPoint Energy over the use of the former Neiman Marcus store on Nicollet Mall appears to be near resolution.
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  • Olympus to build new facility in Brooklyn Park          mspbj
  • 10-7 A medical technology unit of Japanese manufacturer Olympus Corp. will disclose plans this week to relocate hundreds of jobs from Maple Grove to a new office and R&D; facility along the Highway 610 corridor in Brooklyn Park.
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  • Edina North Face store opens this week          mspbj
  • 10-7 The North Face will open its new store at the Galleria in Edina on Friday.
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  • H&M; opens at Ridgedale Thurs.          city pages
  • Last winter, H&M; announced that it would be opening a new store in Ridgedale Center. The Swedish clothing company — which already has locations at Mall of America, Calhoun Square, Maplewood Mall, Woodbury Lakes, and Southdale Center — opens its new location this Thursday, just in time for the holiday shopping season.
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  • Duluth Trading opens in today          mspbj
  • 10-7 Duluth Trading Co. still doesn’t have any operations in Duluth, Minn., but it’s getting closer.
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  • 7west incorporates a feng shu          finance & commerce
  • Property description: Built on the former site of a Grandma’s Restaurant, the 213-unit 7west incorporates a feng shui approach to interior design along with a focus on sustainability.
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  • Shakopee retail breaks ground          mspbj
  • 10-4 HJ Development Inc. recently broke ground on a new retail building at its Southbridge Crossings development near Highway 169 and Country Road 21 in Shakopee.
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  • Inflation hits Vikings stadium          finance & commerce
  • 10-4 A month before dirt moves on the new Vikings stadium in downtown Minneapolis, rising construction costs are kicking up some dust for the project team.
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  • Nicollet Mall developer approved          kare11
  • 10-4 MINNEAPOLIS – If there was any doubt about the enthusiasm for a new plan to revamp the historic Nicollet Mall, there isn’t now. The Minneapolis City Council voted unanimously Friday to approve James Corner Field Operations as the official design team for the makeover of Nicollet Mall.
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  • Regions buys motel next door          mspbj
  • 10-3 St. Paul’s Regions Hospital has bought the 51-room Economy Inn that sits next to one of its parking ramps, a deal that could lay the groundwork for a future hospital expansion.
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  • Big plans for Woodbury site          pioneer press
  • 10-3 Plans for a 100-acre office park — with a vacated State Farm building at the center — were unveiled in Woodbury Thursday.
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  • Island Station sold for $4.05M          finance & commerce
  • 10-2 Eight years after being put up for sale, the Island Station power plant site in St. Paul finally has a buyer.
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  • City after Kmart Lake St. site          sw journal
  • 10-2 The city of Minneapolis is taking over a project to reopen Nicollet Avenue at Lake Street, where Kmart blocks it today. The developer Sherman Associates previously spent a year working to secure site control of Kmart and Supervalu, but left the project last summer.
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  • TC apartment mania          minnpost
  • 10-2 If local apartment developers have a current theme song, it would have to be “Welcome; to the Boomtown.” In burgeoning areas like the North Loop in Minneapolis, home to Target Field and walking distance from the downtown core, residents are flocking to new buildings outfitted with pools, dog walks, rooftop gardens, bocce courts, and other fancy perks.
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  • Virtual Real Estate Brokerage Launches in MN          business wire
  • 10-2 MINNEAPOLIS–(BUSINESS WIRE)–BuyerCurious.com, the first real estate website to make home buying possible over the internet, announced today the launch of Empower Realty, the industry’s first online real estate brokerage. The new combination of Empower Realty powered by BuyerCurious.com’s patent-pending technology reduces real estate transaction costs for consumers by as much as 45%. Through Empower Realty’s website, home buyers can initiate electronic offers with the help of licensed professionals and earn a commission rebate on most homes available for sale in the state of Minnesota.
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  • Value Place eyes MN expansion          twin cities business
  • 10/1 Value Place, which describes itself as “the; largest economy extended stay lodging franchise in the United States,” has chosen the Twin Cities as one of five markets in which to expand its franchise.
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  • Lots of competition for ADM HQ          mspbj
  • 10/1 Representatives from all 50 states are likely competing for the new headquarters of Archer Daniels Midland, Minnesota’s highest economic development official said in an interview.
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  • Developers drawn to Rochester          finance & commerce
  • 9/30 When news broke this week that a development company based in the United Arab Emirates paid $7.7 million cash to buy the seven-story Associated Bank office building at 206 S. Broadway in Rochester and replace it with a five-star hotel, key local players took it in stride.
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  • Bloomington Hotel Sofitel sold          mspbj
  • 9/30 The Hotel Sofitel Minneapolis in Bloomington has been sold to WB Hotel Partners, an entity majority owned by Galleria mall developer Warren Beck, according to a source with knowledge of the deal who asked not to be named because they were not authorized to speak publicly.
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  • Another high-end apt complex          star tribune
  • 9/26 The West End, a 32-acre mixed-use development in St. Louis Park that is already home to an upscale apartment complex, could get another under a proposal from a Florida developer.
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  • State Farm campus may be sold          pioneer press
  • 9/25 One of the biggest real-estate headaches in Minnesota might be cured with the tentative sale of the 100-acre State Farm insurance site in Woodbury.
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  • Tower near MOA to be sold          mspbj
  • 9/25 A Pittsburgh investment company is buying the gold-colored Riverview Office Tower near the Mall of America for $29 million.
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  • Lifestyle Commons II Welcomes Two New Tenants          business wire
  • 9/24 MINNEAPOLIS–(BUSINESS WIRE)–Lifestyle Commons II is a fresh, new 12,000 square foot contemporary-styled retail development located one block off Highway 55 and Interstate 494 at the intersection of Glacier Lane and 28th Place North in Plymouth. This once dilapidated commercial site has become a trendy destination since anchor tenant Simonson’s Salon & Spa relocated there earlier this year (Simonson’s Salon & Spa is an industry leader providing upscale hair, face, body, and nail services and products for both men and women). Joining the bustling development this fall – bringing it to 100% occupancy – are Firehouse Subs and Brightmont Academy.
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  • U’s largest housing complex yet          minnesota daily
  • 9/24 Now that CSL Plasma has found a new location in Uptown, CPM Companies can start building its 11-story Stadium Village apartment complex.
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  • Oracle Centre in Mpls sold          star tribune
  • 9/24 The Oracle & International Centre, a top-notch office building located smack dab in the Minneapolis central business district, has been sold to a joint venture between New York-based Investcorp International and Minneapolis based Wildamere Properties, according to CBRE, which represented the seller.
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  • Twin Cities apartment mania          twin cities business
  • 9/24 Is the $1 billion apartment development market being driven by demand or a risky mix of hype and cheap financing?
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  • Affordable housing in Chaska          star tribune
  • 9/23 It’s not often you hear about affordable housing these days, but U.S. Bank and Everwood Development said Monday they have closed on a $16.3 million financing package for the Creeks Run Townhomes in Chaska.
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  • A look at the new Whole Foods          city pages
  • 9/23 Sure, Whole Foods technically already has one location in Minneapolis. But on the west side of Lake Calhoun, that store might as well be in St. Louis Park.
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  • Tower near MOA to be sold          mspbj
  • 9/25 A Pittsburgh investment company is buying the gold-colored Riverview Office Tower near the Mall of America for $29 million.
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  • Lifestyle Commons II Welcomes Two New Tenants          business wire
  • 9/24 MINNEAPOLIS–(BUSINESS WIRE)–Lifestyle Commons II is a fresh, new 12,000 square foot contemporary-styled retail development located one block off Highway 55 and Interstate 494 at the intersection of Glacier Lane and 28th Place North in Plymouth. This once dilapidated commercial site has become a trendy destination since anchor tenant Simonson’s Salon & Spa relocated there earlier this year (Simonson’s Salon & Spa is an industry leader providing upscale hair, face, body, and nail services and products for both men and women). Joining the bustling development this fall – bringing it to 100% occupancy – are Firehouse Subs and Brightmont Academy.
    Go to Link
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  • U’s largest housing complex yet          minnesota daily
  • 9/24 Now that CSL Plasma has found a new location in Uptown, CPM Companies can start building its 11-story Stadium Village apartment complex.
    Go to Link
    (close)
  • Oracle Centre in Mpls sold          star tribune
  • 9/24 The Oracle & International Centre, a top-notch office building located smack dab in the Minneapolis central business district, has been sold to a joint venture between New York-based Investcorp International and Minneapolis based Wildamere Properties, according to CBRE, which represented the seller.
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  • Twin Cities apartment mania          twin cities business
  • 9/24 Is the $1 billion apartment development market being driven by demand or a risky mix of hype and cheap financing?
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  • Affordable housing in Chaska          star tribune
  • 9/23 It’s not often you hear about affordable housing these days, but U.S. Bank and Everwood Development said Monday they have closed on a $16.3 million financing package for the Creeks Run Townhomes in Chaska.
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  • A look at the new Whole Foods          city pages
  • 9/23 Sure, Whole Foods technically already has one location in Minneapolis. But on the west side of Lake Calhoun, that store might as well be in St. Louis Park.
    Go to Link
    (close)
  • Tower near MOA to be sold          mspbj
  • 9/25 A Pittsburgh investment company is buying the gold-colored Riverview Office Tower near the Mall of America for $29 million.
    Go to Link
    (close)
  • Lifestyle Commons II Welcomes Two New Tenants          business wire
  • 9/24 MINNEAPOLIS–(BUSINESS WIRE)–Lifestyle Commons II is a fresh, new 12,000 square foot contemporary-styled retail development located one block off Highway 55 and Interstate 494 at the intersection of Glacier Lane and 28th Place North in Plymouth. This once dilapidated commercial site has become a trendy destination since anchor tenant Simonson’s Salon & Spa relocated there earlier this year (Simonson’s Salon & Spa is an industry leader providing upscale hair, face, body, and nail services and products for both men and women). Joining the bustling development this fall – bringing it to 100% occupancy – are Firehouse Subs and Brightmont Academy.
    Go to Link
    (close)
  • U’s largest housing complex yet          minnesota daily
  • 9/24 Now that CSL Plasma has found a new location in Uptown, CPM Companies can start building its 11-story Stadium Village apartment complex.
    Go to Link
    (close)
  • Oracle Centre in Mpls sold          star tribune
  • 9/24 The Oracle & International Centre, a top-notch office building located smack dab in the Minneapolis central business district, has been sold to a joint venture between New York-based Investcorp International and Minneapolis based Wildamere Properties, according to CBRE, which represented the seller.
    Go to Link
    (close)
  • Twin Cities apartment mania          twin cities business
  • 9/24 Is the $1 billion apartment development market being driven by demand or a risky mix of hype and cheap financing?
    Go to Link
    (close)
  • Affordable housing in Chaska          star tribune
  • 9/23 It’s not often you hear about affordable housing these days, but U.S. Bank and Everwood Development said Monday they have closed on a $16.3 million financing package for the Creeks Run Townhomes in Chaska.
    Go to Link
    (close)
  • A look at the new Whole Foods          city pages
  • 9/23 Sure, Whole Foods technically already has one location in Minneapolis. But on the west side of Lake Calhoun, that store might as well be in St. Louis Park.
    Go to Link
    (close)
  • Tower near MOA to be sold          mspbj
  • 9/25 A Pittsburgh investment company is buying the gold-colored Riverview Office Tower near the Mall of America for $29 million.
    Go to Link
    (close)
  • Lifestyle Commons II Welcomes Two New Tenants          business wire
  • 9/24 MINNEAPOLIS–(BUSINESS WIRE)–Lifestyle Commons II is a fresh, new 12,000 square foot contemporary-styled retail development located one block off Highway 55 and Interstate 494 at the intersection of Glacier Lane and 28th Place North in Plymouth. This once dilapidated commercial site has become a trendy destination since anchor tenant Simonson’s Salon & Spa relocated there earlier this year (Simonson’s Salon & Spa is an industry leader providing upscale hair, face, body, and nail services and products for both men and women). Joining the bustling development this fall – bringing it to 100% occupancy – are Firehouse Subs and Brightmont Academy.
    Go to Link
    (close)
  • U’s largest housing complex yet          minnesota daily
  • 9/24 Now that CSL Plasma has found a new location in Uptown, CPM Companies can start building its 11-story Stadium Village apartment complex.
    Go to Link
    (close)
  • Oracle Centre in Mpls sold          star tribune
  • 9/24 The Oracle & International Centre, a top-notch office building located smack dab in the Minneapolis central business district, has been sold to a joint venture between New York-based Investcorp International and Minneapolis based Wildamere Properties, according to CBRE, which represented the seller.
    Go to Link
    (close)
  • Twin Cities apartment mania          twin cities business
  • 9/24 Is the $1 billion apartment development market being driven by demand or a risky mix of hype and cheap financing?
    Go to Link
    (close)
  • Affordable housing in Chaska          star tribune
  • 9/23 It’s not often you hear about affordable housing these days, but U.S. Bank and Everwood Development said Monday they have closed on a $16.3 million financing package for the Creeks Run Townhomes in Chaska.
    Go to Link
    (close)
  • A look at the new Whole Foods          city pages
  • 9/23 Sure, Whole Foods technically already has one location in Minneapolis. But on the west side of Lake Calhoun, that store might as well be in St. Louis Park.
    Go to Link
    (close)

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