Dayton Freight Lines, Inc. acquired the distribution facility at 2560 Long Lake Rd. in Roseville, MN for $6.6 million, or about $143 per square foot, from Western Resources LLC. The property sits on two parcels totaling approximately 10 acres in Ramsey County. The tenant, FedEx, signed a triple-net lease that expires next year. No brokers […]

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: Dallas / Ft. Worth, Chicago, New York City, Minneapolis, San Antonio, and San Francisco. DALLAS / FT. WORTH Mohr Partners Appoints President, Promotes Three By Bryce Meyers […]

CoStar’s value-weighted U.S. Composite Index, driven by the impact of larger, core property sales, increased 2.3% in the second quarter of 2014 and was up 9.7% for the 12-month period through June 2014. Although it dipped slightly in June, the index is approaching its prerecession highs in 2007. The value-weighted index, along with the equal-weighted […]

During the second quarter 2014, four significant industrial buildings totaling 414,373 square feet were completed in the Minneapolis market area. This compares to two significant buildings totaling 360,675 square feet that were completed in the first quarter 2014. There was 1,358,550 square feet of Industrial space under construction at the end of the second quarter […]

Frauenshuh Commercial Real Estate Group promoted Ross Hedlund to vice president in its Minneapolis, MN office. Hedlund joined Frauenshuh in 2010 and specializes in the office, healthcare, retail and industrial markets. He has brokered 125 transactions totaling more than 1 million square feet, and has been involved in the development of several properties with approximately […]