The Minneapolis Office market ended the first quarter 2014 with a vacancy rate of 9.4%. The vacancy rate was unchanged over the previous quarter, with net absorption totaling positive 640,813 square feet in the first quarter. That compares to positive 174,315 square feet in the fourth quarter 2013. Vacant sublease space decreased in the quarter, […]

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: Chicago, New York City, Detroit, Philadelphia, East Bay, Orange County, Phoenix, Los Angeles, St. Louis, Seattle, and Northern New Jersey. CHICAGO Bertke to Direct CBRE’s Asset Services […]

As part of a coordinated anti-piracy campaign aimed at ending theft of its services and protecting legitimate subscribers, CoStar Group this week announced it is filing a series of lawsuits against eight firms and individuals. The suits allege the defendants engaged in the systematic theft of CoStar’s services through acts of online piracy and computer […]

A local investor acquired the Commonwealth Building at 2850 S. Anthony Ln. in Saint Anthony, MN from Hermana Properties for almost $2.93 million, or about $47 per square foot. Delivered in 1973 in Hennepin County, the distribution building totals 62,836 square feet. The asset was vacant at the time of sale, and features four loading […]

Kamps & Associates LLC sold two retail properties at 4400-4420 Excelsior Blvd. in Saint Louis Park, MN to Bridgewater Bank of Bloomington for $2.75 million, or approximately $77 per square foot. The deal includes two neighboring properties which total 35,676 square feet. Both properties were constructed in 1932 on 1.56 acres in the Calhoun Retail […]