Oaks Properties LLC sold the 108-unit Oaks California Drive at 1203 California Dr. in Saint Paul, MN to Hornig Companies, Inc. for $7.5 million, or approximately $69,000 per unit. The 105,343-square-foot apartment community consists of studio and one-bedroom units across nine buildings. It was built in 1949 in the Como Park submarket of Ramsey County. […]

Arbor 15 LLC sold the Arbor Lakes North End shopping center at 7900-7950 N. Main St. in Maple Grove, MN for $7.7 million, or approximately $137 per foot, to Wellington Management, Inc. The 56,378-square-foot mall was 93 percent leased at the time of sale to eleven tenants, including two restaurants. The asset has been a […]

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: Northern New Jersey, Boston, Phoenix, South Florida, Portland, Washington DC, Hampton Roads, Los Angeles, and Stockton / Modesto. NORTHERN NEW JERSEY Avison Young Acquires Kwartler Associates By […]

The merger of Washington, D.C.-based Cassidy Turley with DTZ announced this week pairs a mid-market company with 60 offices around the U.S. with a recapitalized international player that has long sought a bigger piece of the U.S. property market — and now has the financial backers to bankroll its global expansion. The new DTZ Group, […]

Total Luxury Limousine acquired the industrial building at 6 Long Lake Rd. in Mahtomedi, MN from Blue Tool Properties LLC for $2.6 million, or about $54 per square foot. The 47,850-square-foot warehouse delivered in 1997 and was renovated in 2007. It boasts three loading docks, two drive-in bays, and a 22-foot clear height. Dan Friedner […]