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Interdisciplinary design firm HGA has completed the Richard M. Schulze Surgical and Critical Care Center, a 10-story, 620,000-square-foot addition to Abbott Northwestern Hospital housing 190 private inpatient rooms. The design firm worked with Allina Health to integrate new critical care spaces, including 30…
LAKE ELMO AND ARDEN HILLS, MINN. — JLL Capital Markets has arranged the sale of Boulder Ponds Senior Living and Round Lake Senior Living, two Class A communities totaling 216 units in the Twin Cities market. JLL represented the seller and developer, Trident Development, and procured the buyer, LTC Properties Inc.…
JLL has arranged the sale of Boulder Ponds Senior Living and Round Lake Senior Living, a 216-unit portfolio of seniors housing communities located in Lake Elmo and Arden Hills, Minnesota. JLL’s Seniors Housing Capital Markets team represented the seller, Trident Development, in the transaction and secured the…
MINNEAPOLIS — Design firm HGA and general contractor Mortenson have completed the Richard M. Schulze Surgical and Critical Care Center, a 10-story, 620,000-square-foot addition to Abbott Northwestern Hospital in Minneapolis. The largest construction project in Allina Health’s history includes 190 private inpatient…
BURNSVILLE, MINN. — JLL Capital Markets has arranged the sale of Twelve 501 Apartments, a 336-unit multifamily community in the Twin Cities suburb of Burnsville. Built in 1986 and extensively renovated beginning in 2017, the property features large layouts and a variety of amenities. The four-story asset is…
Minnesota-based real estate firm Wyn Group is expanding to the Lone Star State. The company, which has worked on several large retail redevelopments focused on the Asian community in Minnesota, is set to launch its Dallas office on Aug. 8, according to the Dallas Business Journal. Wyn Group is tapping Raymond…
ALBERT LEA, MINN. — Marcus & Millichap Capital Corp. (MMCC) has secured a $4.8 million loan for the acquisition of a 127,869-square-foot industrial property located at 1851 Margaretha Ave. in southern Minnesota’s Albert Lea. Michael Hughes of MMCC arranged the five-year loan with a national bank on behalf of the…
CHICAGO — Specialty investment bank Ziegler has advised on the sale of a three-community senior living portfolio located in Minnesota. Ziegler acted as advisor to the seller, a nonprofit organization. Affiliates… The post Ziegler Advises on Sale of Three Minnesota Communities appeared first on Seniors Housing…
JLL has closed the sale of Twelve 501 Apartments, a 336-unit multifamily community in Burnsville, Minnesota. JLL represented the seller, FPA Multifamily and secured the buyer, Osso Capital, marking their first-ever investment in Minnesota. The JLL Capital Markets team was led by Managing Director Josh Talberg,…
CHICAGO AND MINNEAPOLIS — Cabot Properties has sold the North Central Portfolio, a collection of 11 industrial buildings totaling roughly 2.5 million square feet across the greater Chicago and Minneapolis markets. A global asset manager purchased the portfolio, which includes assets both developed and acquired by…
Company planning 20MW facility despite ongoing moratorium on data centers in city
PLYMOUTH, MINN. — JLL Capital Markets has brokered the sale of Medicine Lake Apartments, an 81-unit community situated along Medicine Lake in Plymouth. Built in 1977, the four-story property features 12 private boat slips and floor plans averaging 948 square feet. Amenities include a fitness center, sauna, outdoor…
EDINA, MINN. — Arcadia, a 118,000-square-foot office building currently under construction in Edina, is now 71 percent preleased. Opus broke ground on the six-story, multi-tenant property in September. Completion is slated for December of this year. UBS Financial Services Inc. leased the entire fifth floor,…
PLYMOUTH, MINN. — Bigos Management has sold Medicine Lake Apartments, an 81-unit community on Medicine Lake, approximately 10 miles west of Minnesota. JLL Capital Market’s team representing Bigos was led… The post Bigos Management Sells Medicine Lake Apartments in Metro Twin Cities appeared first on Multifamily &…
Inland National Development Company (INDC) plans to co-develop Citywalk Apartments, a 342-unit, market-rate multifamily community in downtown Rochester, Minnesota, directly across from Mayo Clinic’s downtown campus. “We are excited to bring Citywalk Apartments to the heart of downtown Rochester,” said Anthony…
ROCHESTER, Minn. — BWE has secured financing for AVIVA River Bend, an assisted living and memory care community located in Rochester in southeastern Minnesota, on behalf of Lloyd Jones. Lloyd Jones… The post BWE Secures Financing for 89-Unit Assisted Living, Memory Care Community in Minnesota appeared first on…
ROCHESTER, MINN. — Inland National Development Co. and Reuter Walton Development (RWD) have broken ground on Citiwalk Apartments, a 342-unit project in downtown Rochester across the street from the Mayo… The post Inland, RWD Break Ground on $139M Citiwalk Project in Rochester, Minnesota appeared first on…
DETROIT LAKES, MINN. — Marcus & Millichap has brokered the sale of a 45-room Country Inn & Suites hotel in Detroit Lakes, a city in northwest Minnesota. Joseph Ferguson, Jon Ruzicka, Reed Gizinski and Brock Banken of Marcus & Millichap represented the seller, DL Hotel Group LLC, and procured the South Dakota-based…
ROCHESTER, MINN. — Inland National Development Co. and Reuter Walton Development (RWD) have broken ground on Citiwalk Apartments, a 342-unit project in downtown Rochester across the street from the Mayo… The post Inland, RWD Break Ground on $139M Project in Rochester, Minnesota appeared first on Multifamily &…
ROCHESTER, MINN. — Inland National Development Co. LLC, a member company of The Inland Real Estate Group of Cos. Inc., and Reuter Walton Development LLC will co-develop Citywalk Apartments, a 342-unit multifamily community in downtown Rochester directly across from Mayo Clinic’s campus. Construction is expected to…
MINNEAPOLIS — Transwestern has acquired Forte Real Estate Partners, a commercial real estate firm based in the Twin Cities. The transaction adds 12 healthcare, office and industrial tenant advisory team members and a broad property management portfolio. Established in 2021 through the merger of Excelsior Advisory…
The Minneapolis office market in Q1 2026 experienced a vacancy rate of 27.5%, declining 50 basis points year-over-year, with negative net absorption of 235,930 square feet driven primarily by Huntington Bank's 423,000-square-foot move-out, while asking rents held at $29.97 per square foot and leasing activity totaled 662,392 square feet with Class A assets capturing 63.7% of volume. Investment sales remained limited with selective repricing evident in downtown assets trading at nominal prices, though stabilized suburban properties like One Corporate Center II sold for $13.4 million, and the local unemployment rate stood at 3.8% in Q4 2025.
Cushman & Wakefield's Minneapolis Industrial MarketBeat Q1 2026 report tracks market conditions across a 360.9 million square-foot industrial portfolio, reporting a 4.9% vacancy rate, net absorption of -366,000 square feet, and asking rents of $8.54 per square foot, with manufacturing users accounting for 55.6% of new leased space and speculative construction limited to under 250,000 square feet delivered and approximately 627,000 square feet under construction. Investor sentiment shifted toward smaller multi-tenant infill assets with diversified tenant rosters, while local unemployment remained stable at 3.8% in Q4 2025, 50 basis points below the national average, and new leasing held steady at approximately 2.2 million square feet quarter-over-quarter.
This is a data-figures report published by CBRE on March 31, 2026, presenting industrial sector figures for Minneapolis in the first quarter of 2026.
This is a first-quarter 2026 office market data report for Minneapolis published by CBRE on March 31, 2026.
This is a Q1 2026 market report on the retail sector in Minneapolis, published by Colliers in March 2026.
This is a Q1 2026 industrial market report for Minneapolis published by Colliers on March 31, 2026. The report covers the industrial sector in the Minneapolis market.
Minneapolis's multifamily market delivered 876 units in Q1 2026 with stabilized vacancy rising to 6.1% and net absorption declining to 240 units year-over-year, as supply outpaced demand while construction costs and tight financing conditions continued to constrain the development pipeline at 6,054 units. Average effective rents reached $1,557 per unit, up 2.6% year-over-year, with rent growth remaining steady across core locations while outer submarkets faced more competitive conditions and elevated concessions during lease-up.
This is a market report published by Colliers in March 2026 covering the office sector in Minneapolis, Minnesota.
This is a market report published by JLL in December 2025 covering office sector dynamics in the Minneapolis-St. Paul metropolitan area for the fourth quarter of 2025. The report examines conditions and trends specific to the Minneapolis office market during that period.
The Minneapolis-St. Paul office market recorded 4.8 million square feet in total leasing volume during 2025, representing over 4% growth compared to 2024, though remaining below pre-COVID levels. Q4 2025 showed total availability at 22.3% with negative net absorption of 1.5%, largely driven by Ameriprise Financial's full vacancy of the Ameriprise Financial Center, while the development pipeline remained conservative with no new office projects breaking ground that quarter.
This is a market report published by Colliers in December 2025 covering the multifamily sector in Minneapolis, Minnesota. The report covers the 2025-2026 period.
Minneapolis-St. Paul's multitenant office vacancy rose to 24.7% in the fourth quarter, driven by mid-size tenant space reductions, though Boston Scientific's completion of a 400,000-SF Maple Grove campus partially offset losses. Market strength remains concentrated in select nodes like Edina and the West End, where well-capitalized landlords continue to leverage generous concessions to attract tenants amid below-average leasing activity.
This Newmark research report analyzes the Minneapolis-St. Paul industrial market as of fourth quarter 2025, covering economic conditions, employment trends, and leasing fundamentals across the region. Key findings include a 4.2% vacancy rate with 2.7 million square feet of net absorption in 2025, manufacturing employment growth of 1.6% year-over-year, and industrial leasing volume above historical averages driven by data center-related activity including Meta Platforms' 715,000-SF facility in Rosemount and Daedex's 503,000-SF lease in Dayton.
This is a market report published by JLL in September 2025 covering industrial sector dynamics in the Minneapolis market for the third quarter of 2025. The report includes national geographic context alongside the Minneapolis, Minnesota focus.