MINNEAPOLIS-Despite adding nearly one million sf of new construction, vacancy rates in the West submarket remain stable at just under 10%. The market also has more class A space than class B space for the first time.
ST. PAUL, MN-One of the biggest fans of the historic Armstrong-Quinlan duplex concedes the time may come for it to make way for a parking ramp and transit hub on the site, across the street from the NHL Minnesota Wild's new home.
ST. LOUIS PARK, MN-The slowing economy has put the brakes on prospective tenants' decision making. But Duke-Weeks Realty is optimistic it can fill 462,000 sf in two suburban office towers built on spec.
MAPLE GROVE, MN-United Properties is managing and leasing the development on a site owned by Lutheran Brotherhood. Carl Zeiss IMT Corp. will relocate operations and 150 employees from Brooklyn Park.
EDEN PRAIRIE, MN-The Lincoln Parc project will include 186 apartment units as well as retail, office and parking space on a site bought from this Minneapolis suburb. Occupancy is expected this fall.
ST. PAUL, MN-Backers of a Minnesota casino say it would generate $100 million in revenues for state, while a Wisconsin casino would benefit an ailing dog track. But not everyone is focused on the upside.