Laurus Corporation acquired two medical office buildings at Woodlake Center from AREA Property Partners for $20.3 million, or about $106 per square foot. The deal totals 190,714 square feet and includes 407 W. 66th St. and 6601-6625 S. Lyndale Ave. in Richfield, MN. The properties were built on 4.5 acres in 1994 and 2000 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: Chicago, Dallas / Ft. Worth, San Diego, Los Angeles, Minneapolis, Washington DC, Phoenix, Las Vegas, Detroit, Orange County, and San Francisco. CHICAGO DTZ Taps Woodrow as Head […]

Scott Weber Humboldt LLC acquired the Fairway Flats apartments at 500 Greenhaven Rd. in Anoka, MN from Langerman Exteriors for $2.6 million, or about $72,000 per unit. The three-story, 41,233-square-foot, multifamily building was originally constructed in 1968 in the Outlying Anoka County submarket. The seller recently completed remodeling and upgrades to the property. At the […]

Cassidy Turley has promoted Mark Stevens to vice president in its Minneapolis, MN office. Stevens joined Cassidy Turley in 2006, where he specializes in office properties with a focus on landlord representation, most recently as an associate vice president. He was previously a broker with United Properties. Throughout his career, Stevens has handled more than […]

The deadline is fast approaching to qualify for the new Green Lease Leader industry designation. Created to recognize companies and brokerage teams that successfully implement green lease language into new or existing leases, the deadline to apply is Tuesday, April 8, 2014. The initial group of Green Lease Leader recognized firms and brokers will be […]