Minneapolis Commercial Real Estate News From CoStar Group
CoStar Group, Inc. is the leading provider of information services to commercial real estate property investors and sales professionals in the United States and United Kingdom. CoStar's suite of services offers access to the most comprehensive database of commercial real estate information and commercial property listings available in its markets.
- HOM Furniture Pays $10M for New Home in Saint Cloud
HOM Furniture acquired the shopping center at 3701 Division St. in Saint Cloud, MN, from Quality Investments Inc. for $9.97 million, or about $119 per square foot. The property, known as West Point Shopping Center, is an 83,562-square-foot neighborhood... - Walgreens Leases 335,000 SF in Rogers
Walgreens signed a 10-year lease last month to occupy 335,000 square feet at 13201 Wilfred Lane in Rogers, MN. The new tenant is scheduled to move into its new space the summer of 2008. An existing tenant, The Lenox Group, terminated its current lease... - CoStar's Daily Deals of Note for Wednesday
SAN DIEGO Cushman & Wakefield to Acquire Burnham in California Expansion by Randy Drummer The wave of brokerage mergers and acquisitions continues. Cushman & Wakefield announced Tuesday it agreed to acquire Burnham Real Estate, one of Southern California... - CoStar Lead Street (Dec. 16-22): CalPERS To Boost Real Estate Allocations
In this week's issue of CoStar Lead Street, while it seemingly goes contrary to flat and declining U.S. property values, CalPERS plans to boost its real estate allocation and will go overseas to do it. Meantime, one U.S. land company is getting overseas... - CoStar's Retail News Roundup: Dec. 17 to Dec. 23, 2007
This week in the Retail Roundup, CoStar reports on expansions and new concepts at Aldi, Famous Footwear, Gamestop, JoS A. Bank, and Costco; new retail developments in IL, TX, FL, MI, and CA; acquisition, merger, or sale activity at Related Cos., Reza... - Facility Closures and Layoff Announcements (Dec. 9-15)
AT&T Inc. plans to exit the shrinking pay phone business by the end of 2008. AT&T's Public Communications unit has continued to experience significant pressure from reduced pay phone usage, primarily as a result of the growth of wireless phones and personal... - Steiner Development Names Balsiger VP
Steiner Development recently promoted Todd Balsiger to vice president of business development. His new responsibilities include identifying commercial development opportunities, keeping current regarding area markets and development needs, participating... - Credit Union Fills North Point Corporate Center Space
Teacher Federal Credit Union leased the remaining 10,500 square feet at the North Point Corporate Center at 14601 N. 27th Ave. in Plymouth, MN. North Point Corporate Center is a one story, 53,661 square-foot office building constructed in 1999.... - Colliers Turley Martin Tucker Adds to Sales Team
Colliers Turley Martin Tucker added Ryan Elmer as the new junior broker to its Minneapolis industrial sales office. Elmer will be joining brokers Duane Poppe, Josh Huempfner and Jeff Pearson in industrial leasing. Prior to joining Colliers, Elmer... - Solar Energy Provider for Property Owners Closes $200M Fund
Financial services firm Morgan Stanley has pledged $200 million in financing for solar power projects hosted by Recurrent Energy, a San Francisco-based provider of solar energy to institutional property owners. The solar project fund will provide...