Entries by Cindy Hoeschen

Wells Fargo Place in St. Paul for sale

July 5, 2016 in /by

The Wells Fargo Place office tower, a landmark in downtown St. Paul, is for sale after the $90 million loan on the building was sent to special servicing a couple months ago. The 37-story building, located at 30 E. 7th St., has been owned by an affiliate of Unilev Capital Corp. since 2006. The 656,000 […]

Cushman & Wakefield Completes Sale of 108-Unit Apartment Building in St. Paul

March 3, 2015 in /by

Cushman & Wakefield’s multifamily capital markets team of Lance Steiger and Robert Dulin represented Minneapolis-based Oaks Properties, LLC in the $7.5 million sale of California Drive Apartments, a 108-unit complex at 1203 California Ave West, St. Paul, Minn. to Hornig Companies, Inc., a family-owned real estate investment and management company located in Minneapolis, Minn. This […]

Westin Minneapolis sold to N.Y. investment firm for $66M

February 16, 2015 in /by

Carey Watermark Investors Inc. bought the 214-room Westin Minneapolis hotel for $66.4 million, marking one of the highest sale prices per room in the city’s history. This is the first hotel property in Minnesota for the New York-based real estate investment trust. The sale, at $310,280 per room, is more than the July purchase of […]

Minnesota’s biggest office complex changes hands again

November 6, 2014 in /by

The largest — and most expensive — office complex in Minnesota has a new owner. A partnership led by MetLife paid an undisclosed sum for the Normandale Lake Office Park, a 1.7-million-square-foot complex in Bloomington, from an entity led by Chicago developer Sam Zell. View full article