Investors Real Estate Trust broke ground on Southdale Medical Center’s new addition, a 57,000-square-foot medical office building, as well as a five-level, 1,180-stall parking ramp. The four-story facility at 6565 France Ave. in Edina, MN is available for lease with expectations that it will be completly leased by the time of delivery. Both the parking […]

STAG Industrial Management sold four fully-leased industrial buildings totaling 336,592 square feet to Brennan Investment Group for $20 million. The portfolio consisted of the 53,984-square-foot truck terminal at 9160 N. 170th St. in Milwaukee, the 131,923-square-foot manufacturing facility at 7309-7317 W. 27th in Saint Louis Park, the 104,262-square-foot manufacturing property at 8401 Jefferson Hwy. in […]

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, D.C., Chicago, New York City, Northern New Jersey, Atlanta, Charlotte, Dallas/Ft. Worth and San Diego.WASHINGTON, D.C.Columbia Property Trust Expands Senior Management Team by Bryce Meyers Columbia […]

Opitz Outlet, a Minnesota-based designer apparel, shoes, and accessories retailer, acquired a 74,328-square-foot industrial building in St. Louis Park, MN from Nelson Development for $3.9 million, or about $52 per square foot. The Belt Line Seven building delivered in 1954 at 5300 35th St. West and totals 74,328 square feet. Opitz Outlet was leasing 24,000 […]

Greenfield II LLP, a Minneapolis-based property investment partnership, acquired the Champlin Town Center retail building located in Champlin, MN, from Frauenshuh for $4.8 million, or about $246 per square foot. The shopping center delivered in 2007, and is located at 12130-12180 Business Park Blvd. in the Maple Grove Retail submarket. It totals 19,520 square feet […]