MINNEAPOLIS-Big surge in subleased space is part of the reason for a rise in the office vacancy rate to more than 10%, the first time it's been there in five years, according to a Grubb & Ellis report.
MINNEAPOLIS-The financial services firm wants high-traffic locations near large retail developments. The sites need to be about 1.5 acres - large enough to accommodate 5,000-sf buildings.
MINNEAPOLIS-The Metropolitan Council, which sees a critical shortage of affordable housing, would own and manage 75 in Blaine, Edina, Golden Valley and Maple Grove, with more deals on the way.
MINNEAPOLIS-Matthew Reid, formerly project manager and team leader for P. B. Verdico, Inc., will manage integrated design-build, development and property management projects for Ryan's new office in Lisle, IL.
ST. PAUL, MN-Lawmakers say a bill for the construction of a $300-million outdoor ballpark, which would provide a $140-million interest-free state loan to the Twins, is not high on their list of priorities this session.
MINNEAPOLIS-E*Trade also signs an exclusive deal with Target for 1,000 in-store ATMs. The 20 E*Trade Zones, about 400 sf each, come after a successful experiment in a Roswell, GA SuperTarget.
MINNEAPOLIS-Keewaydin Real Estate Advisors led the search for an architect for the $100-million theater complex. They now will serve as project advisor and project manager for design and construction of the new theater.
MINNEAPOLIS-Although population in the central cities rebounded, developing suburbs account for 70% of growth in the region. Fast-growing suburbs turn increasingly to multifamily projects, the Metropolitan Council says.
MINNETONKA, MN-Once a design is done, estimates and bid specifications of voice and data infrastructures can be created with the push of a button, company officials say. Users should be able to save time and money.
ARDEN HILLS, MN-The city is making plans for 2,370 undeveloped acres, but when they will get the land and what they will build are still open questions. Affordable housing may be a priority.