Minneapolis

The partners say the redevelopment plan calls for the office plaza to be converted to medical and “creative” office space that would support lifestyle uses, such as senior housing. Upon completion the project will be called “The Well at Sunset.”

Collin Barr, left, and Rick Collins, named regional presidents, are veterans of The Ryan Companies.

Anytime Fitness notes that targeted markets throughout the state include Auburn, Birmingham, Huntsville, Mobile, Montgomery, and Tuscaloosa to name a few.

"Most of the value-add product still has a demonstrable gap to the newer product, allowing for these opportunities to invest in improvements,” says CBRE's Ted Abramson.

Pebblebrook says the sale price includes the 140-room hotel and the 57,000 square foot fitness center which is fully leased to a third-party tenant until June 2019.

Cory Villaume, pictured, with Sean Doyle, Matt Hazleton, and AJ Prins, were named first vice presidents at CBRE's Capital Markets Group in Minneapolis, MN.

Concierge is the third largest market rate apartment community within the Minneapolis-St. Paul market.

The Woodbury, MN-headquartered company says the expansion will nearly double its current presence in the state.