Mixed Use - Minneapolis-St. Paul
KBS REIT III Buys Downtown Minneapolis Office Building for $118M
KBS Real Estate Investment Trust III has acquired the RBC Plaza, a 678,045-square-foot, mixed-use office building in downtown Minneapolis, from Brookfield Office Properties for $118 million.
StuartCo, Simon Property Group Plan Residential Development at Southdale Center
By Gabriel Circiog, Associate Editor Bloomington-based StuartCo has reached an agreement with Simon Property Group, the owner of Southdale Center, to develop a 232-unit apartment project on an underused piece of land at the shopping center in Edina. The Minneapolis / St. Paul Business Journal reports that StuartCo presented the plan and submitted sketches of [...]
Ryan Cos. Breaks Ground on Luxury Mixed-Use Project
By Gabriel Circiog, Associate Editor Ryan Cos. US Inc. broke ground on the 222 Hennepin mixed-use project, in partnership with The Excelsior Group and an institutional client of Invesco Real Estate. The development will feature 286 luxury apartments (232,112 square feet); a 491-space, four-level parking garage; and the first Whole Foods Market in downtown Minneapolis. [...]
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