Opus Group completed construction on its luxury apartment project in the North Loop called Velo. The 101-unit building is located at 115 N 2nd St. in MInneapolis. At the moment, Velo is 65 percent leased. The apartment also includes 12,000 square feet of retail space on the bottom floor that will be anchored by a […]

Timberland Partners acquired the Sibley Square at Mears Park office at 190 5th St. E in Saint Paul, MN from BGK Properties, Inc. for $5.45 million, or about $26 per square foot. The eight-story, 206,000-square-foot office building was built in 1913 in the St Paul CBD submarket. The buyer is looking into converting the property […]

Nath Companies secured a $15 million refinance for its Radisson Hotel at 2540 N. Cleveland Ave. in Roseville, MN. Dan Trebil of NorthMarq Capital‘s Minneapolis office arranged the financing for the borrower. Built in 1971, the four-story hotel features 255 rooms, a pool, fitness center, and shuttle service to the near-by Rosedale Mall. from Minneapolis […]

It’s time to update those contact managers with CoStar’s People of Note, reporting news on significant new CRE hires and promotions. This week’s issue includes the following markets: Washington DC, Los Angeles, San Francisco, Baltimore, Kansas City, Philadelphia, Cleveland, South Florida, Boston, Dallas / Ft Worth, Westchester / So Conn, Northern New Jersey, and New […]

The select top industrial lease signed during the second quarter of 2014 in the Minneapolis market was at 12395 N. Brockton Ln. in the Northwest Industrial submarket. FedEx leased 304,000 square feet there. Scannell Properties represented the landlord. Ruan leased 300,000 square feet at Gateway North Business Center II in the Wright County Industrial submarket. […]