Entries by Tina Stadtherr

Hot Time for Hotels

The Twin Cities hotel market is thriving, powered by a strong economy and a region that ass added and absorbed plenty of new inventory. The vigor of this commercial real estate sector has made it a fruitful time for buyers and sellers who are seeking to capitalize on investment opportunities. Read full article.

C&W team represents Alidade in portfolio sale

The Capital Markets team of Avery Ticer, Scott Pollock, Tom O’Brien and Terry Kingston represented Alidade Capital in the sale of three buildings — office properties at 12400 Whitewater Drive in Minnetonka, as well as the Olympia Business Park buildings at 1325 and 1401 American Boulevard east in Bloomington. The properties sold for a combined […]

C&W team sells condo building in NE Minneapolis

The team of Lance Steiger and Robert Dulin sold the Crescent Trace building, at 1101 Main Street SE in Minneapolis, for $12.4 million. The deal puts the ownership of 55 condo units in the hands of Blackhawk Investment Group. The former owner is Scott Weber, a local investor.

Cushman & Wakefield January 2019 Compass Report: Commercial Real Estate Remains Active Even During Late Stages of Record Cycle

The Twin Cities multitenant commercial real estate industry remained active in the second half of 2018, even as multiple property types faced changing occupier and consumer preferences, dramatically outpacing projections for absorption and showing staying power for 2019 and beyond. At the end of 2018, the market’s multitenant properties posted a vacancy rate of 10.9 […]

Hospitality team honored by Lodging Association

The Minnesota Lodging Association has named Ronn Thomas and Tim Storey, our Midwest Hotels Sales Team, as the 2018 Allied Vendor of the Year. Ronn and Tim were recognized at the MLA Awards Gala on January 11. Check out a page on MLA’s website about their award — including a video featured at the MLA […]

Hospitality Team sells Rochester La Quinta

Cushman & Wakefield’s Ronn Thomas and Tim Storey represented Chester Properties LLC in the $7.35M sale of the La Quinta Inn & Suites in Rochester, an 83-room hotel on Highway 63. The sale, which resulted in American Hospitality LLC owning the property, closed just before the end of the year. View article from PostBulletin.

AtWater Group sells Normandale Place

Scott Pollock, Terry Kingston, Tom O’Brien and Avery Ticer represented AtWater Group in the $13 million sale of Normandale Place, located next to Normandale Lake Office Park in Bloomington. The 82,000 sf building is nearly fully leased. View article from Finance & Commerce.

United Properties sells Duluth apartments

Lance Steiger and Robert Dulin represented United Properties in the $21M sale of the Kenwood Village apartments in Duluth. The property, which features 83 units and opened this year completely leased, features ground-floor retail. Lance told Finance & Commerce that the sale is a good sign for outstate Minnesota, since a New York-based firm was […]