EDEN PRAIRIE, MN-Harlan Hallquist, who recently worked at Adolfson & Peterson of Minneapolis, will be vice president of marketing and business development for Witcher, the North Central division of JE Dunn.
EDINA, MN-The 18,000-sf music production facility, which has five studios, is bought by Karl Bohn, a Twin Cities developer who plans to keep the property in its current use.
ST. LOUIS PARK, MN-An $8.8 million management-led buyout returns the 24-unit restaurant chain to Minnesota ownership. The seller was Santa Barbara Restaurant Group, a wholly owned subsidiary of Carpinteria, CA-based CKE.
MINNEAPOLIS-CB Richard Ellis Investors buys the one-million-sf class A office building. Two partnerships called Property Minnesota One LLC and Property Minnesota Two LLC sell the marquee asset.
ST. PAUL-Blaine overtakes Woodbury as the fastest growing suburb in the Twin Cities. The metropolitan area is expected to add about 500,000 new households by 2030, according to the Metropolitan Council.
CHANHASSEN, MN-The 23-acre property will initially feature one of its 109,000-sf health and fitness centers. The newly public company plans to build two 100,000 sf office buildings for its headquarters.
MINNEAPOLIS-An investment consortium now owns California-based Mervyn's. With the earlier sale of Marshall Field's, Target Corp. is now exclusively a discount chain.
MINNEAPOLIS-Julie Kimble, a vice president of Opus Group, is appointed vice president of Opus Military Communities, a new enterprise of the Opus Group that will develop, own and manage military communities on bases throughout the US in response to Department of Defense privatization trend.
MINNEAPOLIS-The office will be based in US Bancorp Center, which Wells Real Estate Funds bought last year. Wells is retaining top personnel from the US Bancorp Center management team, including Kevin Fossum, regional manager.
MINNEAPOLIS-As lease rates subside, class A properties are seeing steady demand as tenant upgrade their space from lower quality assets, according to a new report from Northstar Partners.