Dominium purchases new headquarters in Minnetonka

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Minnesota’s largest apartment owner will soon have a new tenant: itself.

Long based in Plymouth, Dominium will soon be relocating its headquarters to the Crest Ridge Corporate Center at 11055 Wayzata Blvd. in Minnetonka. The company purchased the 120,000-square-foot property for $18.5 million on Dec. 27, according to a certificate of real estate value made public Monday. The price works out to $154.16 per square foot.

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’80s fixer-upper draws $15 million in Maple Grove

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A Georgia investor that worked the past two years to improve the fortunes of an aging Maple Grove office building has nearly doubled its money in selling to a Twin Cities buyer.

Atlanta-based Redline Property Partners sold the Arbor Ridge office building at 6900 Wedgwood Road N. for $15 million, according to a certificate of real estate value made public on Dec. 5. The company bought the 85,404-square-foot building in 2017 for $8.42 million.

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