Entries by Tina Stadtherr

Plymouth offices bought, sold in a year

One year ago, Minneapolis-based Falcon Ridge Partners purchased a Plymouth office building leased by UnitedHealth Group, then signed the tenant to a new lease as that tenant fixed up the building. This week, the 178,385-square-foot property at 6150 Trenton Lane N. sold to Omaha-based Waitt Co. for $24.25 million, according to a certificate of real […]

Dominium purchases new headquarters in Minnetonka

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. […]

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

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 […]

Maple Grove offices make $16 million comeback

A Chicago investor that purchased a long-empty Maple Grove office building seemed to find value in the property thanks to a new lease signed by the parent company of St. Jude Medical. Syndicated Equities paid $22.77 million for a 97,257-square-foot building at 6820 Wedgwood Road N., according to a certificate of real estate value made public Friday. Built […]

Lake Calhoun Flats sell for $33 million

Weidner Apartment Homes has added apartments with a fading Lake Calhoun view to grow its Minnesota portfolio to 18 properties. Kirkland, Washington-based Weidner paid $33 million for the 158-unit, two-building complex at 3036 W. Lake St., according to a certificate of real estate value made public on Monday. Read full article.

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.