The Minneapolis Office market ended the second quarter 2014 with a vacancy rate of 9.5%. The vacancy rate was unchanged over the previous quarter, with net absorption totaling positive 36,724 square feet in the second quarter. That compares to positive 475,818 square feet in the first quarter 2014. Vacant sublease space decreased in the quarter, […]

Room & Board, a Minneapolis-based furniture retailer, has pre-leased 485,000 square feet in the Gateway North Business Center. Located at 6601 NE Queens Ave. in Otsego, MN, the proposed 485,804-square-foot industrial building is expected to break ground in August, with an anticipated delivery date in early 2015. When completed, it will feature 50 loading docks […]

Room & Board, a Minneapolis-based furniture retailer, has pre-leased 485,000 square feet in the Gateway North Business Center. Located at 6601 NE Queens Ave. in Otsego, MN, the proposed 485,804-square-foot industrial building is expected to break ground in August, with an anticipated delivery date in early 2015. When completed, it will feature 50 loading docks […]

Glimcher Realty Trust (NYSE: GRT), a Columbus, OH-based retail real estate investment trust, tapped Kenneth Marshall as its vice president of development. In his new position, Marshall will help cultivate Glimcher’s development strategy through his contributions to the leadership and implementation of the company’s redevelopment projects. A 25-year industry veteran, Marshall comes to Glimcher from […]

Steven Scott Management, Inc., a Minnesota-based regional developer and apartment management firm, acquired the Hillside East apartment building at 369-395 Old Hwy 8 SW in New Brighton, MN from Sidal Realty Company for $7.28 million, or about $67,000 per unit. Built in 1964, the low-rise multifamily property totals 75,274 square feet and contains 108 units […]