IRET Properties has broken ground on its new project in Minneapolis, MN. The plan consists of multiple apartments and retail space at the southeast corner of France Ave. S and Hazelton Rd. in the Edina submarket of Hennepin County. The $69.8 million project will feature 246 apartments and more than 21,800 square feet of ground-floor […]

Global engineering services company UGL Ltd. announced an agreement to sell its DTZ property services division to a private equity-led consortium comprising TPG Capital, PAG Asia Capital, and Ontario Teachers’ Pension Plan in a move intended to back DTZ’s ambition to become an international competitor to giants CBRE and JLL. The consortium will pay approximately […]

RP Mallery Group LLC acquired the Roseville Industrial Center at 2265-2285 W. County Road C in Roseville, MN from Stanley Management for $5.4 million, or about $44 per square foot. The 122,087-square-foot light manufacturing building was delived in 1980 on 6.7 acres in the North Central Indiana submarket. The asset is 95 percent leased to […]

Chase Commercial Properties, a commercial development and investment firm, acquired a three-story office building and a single-story industrial building at 14101 Southcross Dr. W in Burnsville, MN from Republic Bank & Trust Company for $4.03 million, or about $40 per square foot. The assets were delivered in 1996, comprising 100,555 square feet between two buildings. […]

Investors Real Estate Trust broke ground on Southdale Medical Center’s new addition, a 57,000-square-foot medical office building, as well as a five-level, 1,180-stall parking ramp. The four-story facility at 6565 France Ave. in Edina, MN is available for lease with expectations that it will be completly leased by the time of delivery. Both the parking […]