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 Awards Gala.
The building is known internally as the Basset Creek building because it was built along the creek in 1998.
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.
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 the buyer.
A downtown St. Cloud office building that sold for $9.5 million as part of a 2015 portfolio deal has sold on its own for $13.5 million to a North Dakota buyer.
Robert Dulin and Lance Steiger represented Yellow Tree Development in the $18M sale of the newly opened 74-unit The Whit Apartments along Blaisdell Avenue in South Minneapolis. The property is just a couple blocks from the Eat Street neighborhood and features amenities such as an on-site fitness center, club room and scenic rooftop deck.