Just Sold: Developer buys one of Woodbury’s last farms
Drivers on Dale Road in Woodbury still see the 120-acre Burandt family farm, much has it has been for more than a century.
Drivers on Dale Road in Woodbury still see the 120-acre Burandt family farm, much has it has been for more than a century.
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.
Both owned by the same family for four decades.
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.
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.
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.
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