S&S Enterprises, a Minnesota-based private investor, acquired the four-story hotel at 10580 Baltimore St. NE in Blaine, MN from HMN Financial, Inc. for $3 million, or about $31,000 per unit, in an REO sale. Delivered in 2005 on two acres in the suburban St. Paul submarket, the hospitality building is located within 35 minutes of […]

Calhoun Commercial acquired The 5810 Building at 5810 78th St. W in Bloomington, MN from Michael Development for $1.88 million, or about $105 per square foot. The three-story, 18,000-square-foot office building delivered in 1981 in the I-494 Corridor submarket. The asset was 62 percent leased at the time of sale. Kevin O’Neill and Steve Shepherd […]

JR Hospitality LLC acquired the 142-room Quality Inn & Suites at 814 American Blvd. E in Bloomington, MN from Lariat Companies, Inc. for $3.6 million, or approximately $26,000 per room. Personal property included in the deal totaled about $1.2 million. The four-story, 120,916-square-foot hotel was built in 1986 on 2.2 acres in the I-494 Corridor […]

Redwood Capital Group acquired the 304-unit Raven Hill apartments at 13000 Harriet Ave. S in Burnsville, MN from Condor Corporation for $26.93 million, or about $89,000 per unit. The three-story, 300,704-square-foot multifamily building was built in 1971 in the Eagan / Burnsville / Inver Gr Hts / W St. Paul submarket of Dakota County. It […]

Campbell Property Management, a North Dakota-based real estate investment and property management firm, acquired the 64-unit The Pines of Zimmerman apartment complex at 25685 3rd St. W in Zimmerman, MN from Briggs Properties LLC for $4.88 million, or about $76,000 per unit. The apartment complex, which is comprised of two low-rise buildings totaling 52,467 square […]