MINNEAPOLIS-An insurance company owned by labor unions has provided a $20-million financing to help construct the 354-unit apartment tower coming up in Minneapolis' Loring Park neighborhood. According to Finance & Commerce, Ullico (Union Labor Life Insurance Co.) has extended its support to the Loring Park apartment project.
Work started on the residential tower last month. Chicago-based Magellan Development Group is the developer of the Loring Park apartment tower. For the full story, go to Minneapolis/St. Paul Business Journal .
GlobeSt.com News Hub is your link to relevant real estate and business stories from other local, regional and national publications.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
