MINNEAPOLIS- Urban planners see downtown condos as a way to fight sprawl and traffic snarls. Permits to build multi-family housing in the Twin Cities have soared to 1,038 last year, up from just 60 ten years ago.
MINNEAPOLIS- AMB Insitutional Realty sells Manhattan Village to Madison Marquette. Madison bought 424,000-sf of the center's 551,847-sf, which excluded the Macy's store and an adjacent office complex.
MINNEAPOLIS- Sales were up for the big home builder were up 24%, but the backlog fell slightly due to the firm's exit of the Orlando, Ft. Myers and Indianapolis markets.
ALBERTVILLE, MN-JMJ Properties will add 58,000-sf to the retail center following the success of the first phase. The 248,000-sf center opened nearly 100% leased earlier this year.