Osseo-based Cloutier Properties purchased the Commons at National Market Center, located at 10340 Baltimore St. NE in Blaine, MN, from LNR Property Corp. for $3.89 million, or about $247 per square foot. The 15,737-square-foot retail strip center was auctioned off on July 30 with bids starting at $1.2 million. Built in 2005, tenants of The […]

STAG Industrial Management LLC acquired the Huntington Building at 14399 Huntington Ave. in Savage, MN from Meritex Enterprises, Inc. for $9.3 million, or about $38 per square foot. The single-story, 244,050-square-foot warehouse was built in 1988 on 12.6 acres in the Southwest Industrial submarket of Scott County. The deal was a private off-market transaction, and […]

LaSalle Management secured $15.75 million to refinance its BLN Office Park I & II in Bloomington, MN Dan Trebil of NorthMarq Capital’s Minneapolis office arranged the non-recourse bridge loan for the borrower. BLN Office Park I & II are located at 2001 and 2051 Killebrew Drive. The properties total 336,294 square feet near the airport […]

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: Minneapolis, Long Island, Denver, Boston, Jacksonville, Baltimore, Chicago, Seattle, and South Florida. MINNEAPOLIS Houlihan Bingen Named New President of Stahl Construction By Trey Kern Stahl C from […]

The select top office lease signed during the second quarter of 2014 in the Minneapolis market was at Capella Tower in the Minneapolis CBD submarket. Minneapolis Star & Tribune Co. leased 138,000 square feet there, represented by Nelson, Tietz & Hoye, Inc. CBRE represented the landlord. North Memorial Health Care leased 62,000 square feet at […]