Minneapolis Real Estate – Himspairport http://himspairport.com/ Wed, 22 Sep 2021 05:47:11 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 https://himspairport.com/wp-content/uploads/2021/05/default.png Minneapolis Real Estate – Himspairport http://himspairport.com/ 32 32 Housing shortage in Twin Cities worst in country, census data shows – WCCO https://himspairport.com/housing-shortage-in-twin-cities-worst-in-country-census-data-shows-wcco/ https://himspairport.com/housing-shortage-in-twin-cities-worst-in-country-census-data-shows-wcco/#respond Tue, 21 Sep 2021 23:33:00 +0000 https://himspairport.com/housing-shortage-in-twin-cities-worst-in-country-census-data-shows-wcco/ MINNEAPOLIS (WCCO) – Ask anyone in the market: Buying a new house in the Twin Cities right now is not easy. In 1998, Rodolfo Trujillo emigrated from Mexico with $ 200 and a dream. He got his real estate license, and the adventure began. READ MORE: How do the apple varieties developed by U Of […]]]>

MINNEAPOLIS (WCCO) – Ask anyone in the market: Buying a new house in the Twin Cities right now is not easy.

In 1998, Rodolfo Trujillo emigrated from Mexico with $ 200 and a dream. He got his real estate license, and the adventure began.

READ MORE: How do the apple varieties developed by U Of M get their names?

“When I started it was the start of the first boom, then we went to crash in 2008,” Trujillo said.

But these days, his western subway-based business is exploding, selling house after house at an uncomfortable rate.

“We’re busy and it’s great, but we’re too busy so now I have to do a tour, I have to show one house at a time because if I don’t, it will be sold within 24 to 48 hours, ”he said.

There just aren’t enough homes for all buyers, says Minnesota Housing Commissioner Jennifer Ho, with new census data showing the Twin Cities have the nation’s worst housing shortage.

“We’re really feeling it right now, and I think what’s happening now too is that more working families, middle-income families are feeling it,” Ho said.

READ MORE: Demolition begins at St. Paul’s Midway, heavily damaged during unrest

(credit: CBS)

She says the prices are so high that it’s difficult or impossible for first-time buyers, and the rental market is also on the rise.

“It hurts our communities, it hurts individual families, it hurts neighborhoods, it hurts businesses,” Ho said.

As for long-term solutions, the commissioner says federal, state and local governments will have to make room for all levels of housing.

“There’s no reason to think that we won’t be able to get out of here, you know, seven to ten years, but it’s going to require these investments year after year,” she said.

In the short term, Trujillo hopes that in six to eight months everyone can start taking a much-needed break.

“A similar number of listings with a similar number of buyers, it’s the perfect market for everyone, and that’s my hope,” Trujillo said.

NO MORE NEWS: Cortez Banks charged with crystal knife attack; The victims should survive

He predicts that more homeowners will sell after the pandemic, which should open more inventory.


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Former probation officer convicted of murdering real estate agent https://himspairport.com/former-probation-officer-convicted-of-murdering-real-estate-agent/ https://himspairport.com/former-probation-officer-convicted-of-murdering-real-estate-agent/#respond Tue, 21 Sep 2021 14:00:22 +0000 https://himspairport.com/former-probation-officer-convicted-of-murdering-real-estate-agent/ MINNEAPOLIS (AP) – A former probation officer has been convicted of his role in the kidnapping and murder of a Minneapolis real estate agent. Hennepin County jurors on Monday found Elsa Segura, 29, guilty of luring Monique Baugh to a bogus house in Maple Grove on December 31, 2019 and aiding in the kidnapping and […]]]>

MINNEAPOLIS (AP) – A former probation officer has been convicted of his role in the kidnapping and murder of a Minneapolis real estate agent.

Hennepin County jurors on Monday found Elsa Segura, 29, guilty of luring Monique Baugh to a bogus house in Maple Grove on December 31, 2019 and aiding in the kidnapping and murder of the victim, who was found fatally shot. in an alleyway in Minneapolis.

Segura’s attorney, Amanda Montgomery, told jurors her client had no knowledge of a conspiracy and the prosecution case was speculation.

Investigators said two men convicted in the case were part of a scheme to reach out to Baugh’s boyfriend, who was having a feud with a former business associate and drug dealer. Baugh’s boyfriend was shot and wounded in an altercation following Baugh’s kidnapping.

Cedric Berry and Berry Davis were sentenced to life in prison without the possibility of parole in the kidnapping and murder of Baugh.

Segura was convicted on one count of aiding and abetting the crimes of first degree premeditated murder, attempted first degree murder, kidnapping and first degree murder while committing kidnapping. , reported the Star Tribune.

She is due to be sentenced on November 9.


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Woman convicted of aiding and abetting the death of Monique Baugh https://himspairport.com/woman-convicted-of-aiding-and-abetting-the-death-of-monique-baugh/ https://himspairport.com/woman-convicted-of-aiding-and-abetting-the-death-of-monique-baugh/#respond Tue, 21 Sep 2021 01:10:00 +0000 https://himspairport.com/woman-convicted-of-aiding-and-abetting-the-death-of-monique-baugh/ The conviction of Elsa Segura, 29, from Fridley, carries a sentence of life imprisonment without the possibility of release, according to the prosecutor’s office. MINNEAPOLIS – Editor’s note: The above video was posted on July 12, 2021. The Hennepin County District Attorney’s Office said a woman was convicted of aiding and abetting premeditated first degree […]]]>

The conviction of Elsa Segura, 29, from Fridley, carries a sentence of life imprisonment without the possibility of release, according to the prosecutor’s office.

MINNEAPOLIS – Editor’s note: The above video was posted on July 12, 2021.

The Hennepin County District Attorney’s Office said a woman was convicted of aiding and abetting premeditated first degree murder in the death of Monique Baugh, a 28-year-old real estate agent, who died on New Year’s Eve. Year in 2019.

The conviction of Elsa Segura, 29, from Fridley, carries a sentence of life imprisonment without the possibility of release, according to the prosecutor’s office.

“The defendant’s heinous actions were recognized by the jury and she was found guilty of her involvement in Ms. Baugh’s death,” Hennepin County District Attorney Mike Freeman said. “My thoughts are with the family and loved ones of the victim as they continue to heal.”

Segura was also found guilty of aiding kidnapping and aiding and abetting first degree murder by committing an abduction.

Segura’s sentence follows the convictions of Berry Davis and Cedric Berry, who were sentenced in July to life without release for first degree premeditated murder and kidnapping in the Baugh case.

Prosecutors had argued that the pair were trying to reach out to Monique’s boyfriend, when they staged a fake house in Maple Grove to lure him in, before kidnapping him inside a U truck. -Haul and run him down an alley in northern Minneapolis.

Segura is set to be sentenced on November 9, 2021 at 11 a.m.

https://www.youtube.com/watch?v=videoseries


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The new “Just Looking” real estate program is a big hit with Minneapolis area residents! https://himspairport.com/the-new-just-looking-real-estate-program-is-a-big-hit-with-minneapolis-area-residents/ https://himspairport.com/the-new-just-looking-real-estate-program-is-a-big-hit-with-minneapolis-area-residents/#respond Mon, 20 Sep 2021 11:01:00 +0000 https://himspairport.com/the-new-just-looking-real-estate-program-is-a-big-hit-with-minneapolis-area-residents/ MINNEAPOLIS, September 20, 2021 / PRNewswire / – There is a lot of interest in the real estate market right now and few inventories to choose from. Worse yet, you often have to submit your personal contact information to access the details and then that information is sometimes sold to various lenders, realtors or other […]]]>

MINNEAPOLIS, September 20, 2021 / PRNewswire / – There is a lot of interest in the real estate market right now and few inventories to choose from. Worse yet, you often have to submit your personal contact information to access the details and then that information is sometimes sold to various lenders, realtors or other service providers, cluttering your phone with unwanted calls and solicitations.

Marc Fruen has solved this problem with its new “Just Looking Program”. With this approach, you have a 5 minute conversation about what your perfect home would look like and where it would be located, then Mark will simply notify you of these properties as they are listed and sometimes even BEFORE they reach the Free market.

In today’s world, many of the best properties never even hit the open market, so searching online can be a waste of time as you only see remaining homes. Mark Fruen The new Just Looking program will not only give you access to listed homes, but also a slew of private clearance sales, pre-marketed homes, and unlisted properties so you know them before anyone else even knows. they are available. This eliminates bidding wars and can give you access to much better quality properties at better prices.

When asked how this new approach to house locating worked, Mark said the following: “I have found that a lot of people casually look at homes without much need for urgency, but if they find the PERFECT home, they will act immediately. My new Just Looking program allows them to access Perfect Homes and Never being bothered by an agent who just wants to “follow up” with them or try to get them to look at homes. This program is ideal for those who own a home right now and just want to look for their perfect fit in another property. They don’t ‘will never even have to discuss selling their home until the Just Looking approach finds the perfect home for them. Everything is completely free, with no obligation and absolutely no pressure. Just free access to better homes quality. “

For local residents looking for a possible home in the future, this is the ideal solution, it’s free and gives you access to a better listing of properties. Simply contact Marc Fruen for your 5 minute setup over the phone and start getting insider access!

On Marc Fruen:

For more information on how this targeted marketing approach works and how you could get the most out of selling your home, contact Marc Fruen to RE / MAX results by calling 612-270-5162 or by email [email protected]
Website http://www.MarkFruen.com

PRLog ID: www.prlog.org/12885990

THE SOURCE Marc Fruen

Related links

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Old Campbell Mithun Tower in downtown Mpls. gets $ 20 million in upgrades https://himspairport.com/old-campbell-mithun-tower-in-downtown-mpls-gets-20-million-in-upgrades/ https://himspairport.com/old-campbell-mithun-tower-in-downtown-mpls-gets-20-million-in-upgrades/#respond Fri, 17 Sep 2021 22:22:00 +0000 https://himspairport.com/old-campbell-mithun-tower-in-downtown-mpls-gets-20-million-in-upgrades/ After a year of construction and $ 20 million in upgrades, the owners of the Two22 Tower in downtown Minneapolis are ready to show off the newly renovated 42-story building, formerly known as Campbell Mithun Tower. The structure that weaves its way through the Minneapolis skyline at 222 S. Ninth St. and Third Avenue was […]]]>

After a year of construction and $ 20 million in upgrades, the owners of the Two22 Tower in downtown Minneapolis are ready to show off the newly renovated 42-story building, formerly known as Campbell Mithun Tower.

The structure that weaves its way through the Minneapolis skyline at 222 S. Ninth St. and Third Avenue was purchased by Lingerfelt CommonWealth Partners, based in Richmond, Va., In July 2019.

The renovations began in March 2020, when the pandemic sent most of the downtown office workers home.

General contractor Gardner Builders and design firm Nelson Worldwide have since redesigned the elevators, lobby, atrium and skyway of the Class A tower with sleek marble, high-tech and security features. They added indoor and outdoor rooftop terraces, videoconferencing rooms and a billiard room and also renovated the first and second floors as well as various spaces for tenants.

The public spaces of the skyscraper were last renovated in 2006.

The renovated building is now two-thirds let. Tenants include Principal Financial, Craig-Hallum Capital Group, private equity firm ShoreView Industries, payroll services firm CBIZ, Berkley Risk Administrators and law firm Fox Rothschild.

Cushman & Wakefield is now looking for new tenants to fill the remaining 240,000 square feet of vacant space, which is located primarily on the 15th and 21st floors and 23rd and 24th floors, said Katie Tufford, senior manager of the office of Cushman in Minneapolis, in an interview. .

The search for new tenants comes at a difficult time in the downtown commercial rental market as Minneapolis companies such as Target Corp., Ernst & Young, and Fredrickson & Byron downsize their office space due to COVID- 19 and modern computing trends that require less need for office filing systems.

Right now there is a glut of office space available downtown. The newly renovated Dayton’s Project office complex on Nicollet Mall and nearby downtown, where Target is divesting its offices, each has about 1 million square feet available.

At the same time, construction of the $ 433 million RBC Gateway tower is expected to be completed early next year, bringing a Four Seasons hotel and a host of new office options to the city.

Vacancy rates for all offices in downtown Minneapolis fell from 23.6% to 24% between Q1 and Q2 2021, Cushman & Wakefield reported. With COVID infections rebounding this summer, the future of the office market remains uncertain.

Inside Two22, Fox Rothschild plans to halve its four-story office when its lease expires next year, Tufford said. The company is also exploring other rental options.

“Obviously the vacancy rate is increasing downtown, but part of the reason for the renovation of Two22 was to really be able to respond to the market with the best solution so that employees can return to work after the pandemic”, Tufford said.

She added that companies looking for new space want upgrades and amenities found in better quality buildings like the recently remodeled Two22.

“The hope is that businesses believe in the downtown area and the amenities and vibrancy that downtown has to offer and will continue to rent space there,” she said. “We fully understand that many companies are downsizing and that makes sense. I expect that in five years, most businesses will use real estate the same way they did in 2019. ”

Officials from Lingerfelt, owner of the building, echoed their confidence in the future of the city center.

“The renovations and updates are truly exceeding expectations from a functional and aesthetic standpoint, and we believe we have provided an unparalleled destination for tenants and their employees, especially considering the post-pandemic environment. Said Rob Valentine, vice president of Lingerfelt. president, in a press release. “We acquired Two22 with a full understanding of the growth potential and history of Minneapolis and what this building could offer the downtown community.”


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$ 4.85 million purchase brings Lakeville property closer to redevelopment https://himspairport.com/4-85-million-purchase-brings-lakeville-property-closer-to-redevelopment/ https://himspairport.com/4-85-million-purchase-brings-lakeville-property-closer-to-redevelopment/#respond Fri, 17 Sep 2021 20:31:57 +0000 https://himspairport.com/4-85-million-purchase-brings-lakeville-property-closer-to-redevelopment/ A 62-acre Dakota County property partially occupied by a single-family residence is one step closer to redevelopment after a sale of $ 4.85 million. RGA Holdings LLC, at 2500 W. County Road 42 in Burnsville, purchased the property at 18476 Cedar Ave. in Lakeville, according to a certificate of real estate value released this week. […]]]>

A 62-acre Dakota County property partially occupied by a single-family residence is one step closer to redevelopment after a sale of $ 4.85 million.

RGA Holdings LLC, at 2500 W. County Road 42 in Burnsville, purchased the property at 18476 Cedar Ave. in Lakeville, according to a certificate of real estate value released this week. The vendor is the John R. Brennan Living Trust and the John R. Brennan Children’s Trust.

Both buyer and seller declined to comment on the sale.

A four-bedroom, 2,534-square-foot home built in 1985 currently occupies the site, according to Dakota County records. The intended use of the property is a “redevelopment,” according to the CRV. The property is just east of Cedar Avenue and south of 181st Street.

David Olson, director of community and economic development for Lakeville, said the city has yet to receive a development application for the site.

But the property is surrounded by new residential developments to the north, east and west, so “it is zoned for single-family residential development,” Olson said, adding that many parties had reviewed the property.

“There has been a lot of development in this area of ​​Lakeville on both sides of Cedar Avenue, so it doesn’t surprise me at all that someone has made a deal” to buy the site, Olson said.

Lakeville has been one of the Twin Cities hottest markets for residential development. Until August, the city has issued permits for 935 new housing units this year, up from 641 units in 2020, according to the Keystone report.

Between 2010 and 2020, Lakeville added 6,012 new homes, the third largest in the metropolitan area, according to a new report from the Metropolitan Council. The only cities with more new units were Minneapolis (29,236) and St. Paul (8,625).

RELATED: Demand for New Housing Is Lagging

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Woodbury sets building record + town named ‘best place to live’ https://himspairport.com/woodbury-sets-building-record-town-named-best-place-to-live/ https://himspairport.com/woodbury-sets-building-record-town-named-best-place-to-live/#respond Thu, 16 Sep 2021 21:33:47 +0000 https://himspairport.com/woodbury-sets-building-record-town-named-best-place-to-live/ Good Friday, neighbors! Let all of you catch up to start today on an informed note. Are you a local business owner or distributor in Woodbury? Our premium local sponsorships keep you on top of inboxes in town every morning. Contact us here for the truth. First of all, the weather forecast for the day: […]]]>

Good Friday, neighbors! Let all of you catch up to start today on an informed note.


Are you a local business owner or distributor in Woodbury? Our premium local sponsorships keep you on top of inboxes in town every morning. Contact us here for the truth.


First of all, the weather forecast for the day:

Rain in the morning. High: 71 Low: 47.


Here are the best stories in Woodbury today:

  1. Money magazine ranked Woodbury # 29 in his list of 50 Best Places to Live in the United States (CBS Minnesota)
  2. Woodbury define a 15-year record in 2020 for the most new homes built. (Woodbury Patch)
  3. As Amazon grow his Twin towns logistics network, it is also reshaping the ccommercial real estate market. (Minneapolis / St. Paul Business Journal)
  4. Are you ready for Halloween? Here is where Woodbury residents can find a Halloween Spirit shop. (Woodbury Patch)

Today’s Woodbury Daily is brought to you by our friends at Verizon. They are building the fastest 5G network in the country. To find out how 5G will change the lives of you and your community – and to access this amazing technology – click here. And thank you Verizon for sponsoring this community resource in Woodbury!


Today in Woodbury:

  • WELCOME WEEK – 50% OFF THE COURSE! Goo Factory art workshop (18 months-6 years old) (9:30 am)
  • 3rd Annual Kickball Tournament – Woodbury Region Chamber of Commerce (11:00 am)
  • Cross Vineyards Cruise – Woodbury Region Chamber of Commerce (6.30 p.m.)

Woodbury Notebook

  • U.S. National Weather Service Twin Cities Minnesota: “Will the leaves be gone before the first snow ?! For more information on fall colors, visit https: //www.dnr.state.mn.us/fa … for Minnesota and https: //www.travelwisconsin. co … for Wisconsin … “(Facebook)
  • U.S. National Weather Service Twin Cities Minnesota: “Due to several frontal crossings from the end of this week to the beginning of next week, the temperatures will be rather variable for mid-September.” (Facebook)
  • Woodbury Parks and Recreation: “It’s a great day to explore some of Woodbury’s over 150 miles of trails! ” (Facebook)

From our sponsors – thank you for supporting the local news!

Featured companies:

Events:


You are officially in the know for today. I’ll see you soon! If you resent these newsletters, consider inviting some of your friends and neighbors to read them. You can send them this link to subscribe.

Morgan reddekopp

About me:

Please feel free to contact us with any questions, concerns, or story ideas at morgan.reddekopp@patch.com and follow me on Twitter @ReddekoppMorgan for more updates.

I grew up in Eagan, Minnesota, before attending Winona State University, where I majored in creative digital media and a minor in journalism and creative writing. I am very happy to be a journalist in my hometown! In my spare time I like to paint, draw and write. I am currently working on my poetry manuscript and I also enjoy hiking and being outdoors.

Got a tip or suggestion for an upcoming Woodbury Daily? You can reach me at morgan.reddekopp@patch.com.


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Minnesota Supreme Court could overturn Minneapolis poll initiative to abolish police https://himspairport.com/minnesota-supreme-court-could-overturn-minneapolis-poll-initiative-to-abolish-police/ https://himspairport.com/minnesota-supreme-court-could-overturn-minneapolis-poll-initiative-to-abolish-police/#respond Thu, 16 Sep 2021 18:27:48 +0000 https://himspairport.com/minnesota-supreme-court-could-overturn-minneapolis-poll-initiative-to-abolish-police/ George Floyd Square in Minneapolis (AP) On the eve of municipal elections, the Minnesota Supreme Court could overturn Minneapolis’ plan to have residents vote on replacing its police force with a new holistic public safety agency. It’s yet another blow to the city’s long campaign to reform the city’s police force following the murder of […]]]>

George Floyd Square in Minneapolis (AP)

On the eve of municipal elections, the Minnesota Supreme Court could overturn Minneapolis’ plan to have residents vote on replacing its police force with a new holistic public safety agency.

It’s yet another blow to the city’s long campaign to reform the city’s police force following the murder of George Floyd by former Minneapolis officer Derek Chauvin, and one of the nation’s most publicized efforts to abolish or fund the police.

Minneapolis City Council has asked the court to appeal, after a county judge rejected language of a proposed voting measure that, if approved, would remove the requirement for a Minneapolis police force from the city’s constitution.

On Tuesday, Hennepin County Judge Jaime Anderson ruled that the language of the ballot was “an under-identified and misleading issue on the ballot,” the third time she has rejected the proposed measure.

Police reform activists and activists, who spent months collecting 20,000 signatures to pose the question to voters in Minneapolis, were outraged by the decision.

“For them, this group of people, to tear off something for which 22,000 people fought for, for which 100,000 others have said they are ready, it is odious! It is completely undemocratic!” Reverend Janae Bates, one of the Yes 4 Minneapolis coalition leaders pushing for the measure, said after the decision. “The reality is that Justice Anderson took something that should have been legal and procedural and made it political.”

The county has already printed 350,000 ballots in the language that was invalidated, and postal voting in municipal elections begins Friday.

Those disputing the language in the measurement of the vote include real estate developer Bruce Dachis; Don Samuels, a former member of the city council; and his wife Sondra, responsible for the Northside Achievement Zone nonprofit, for which the wife of the mayor of Minneapolis, Jacob Frey is a lobbyist.

“I’m a black mother! That’s why I wanted the ballot to speak fairly about what it was doing,” Sondra Samuels told reporters on Wednesday, saying she still wanted police reform, which is possible under the current governance structure of the Minneapolis Police and Police Chief. Medaria Arradondo. “Because we think we want reform, but it must be in participation with the police chief Arradondo. And with the police officers who are not all Chauvin.”

The wording of the disputed ballot contained an explanatory note, detailing how, under the proposed charter amendment, the City of Minneapolis constitution would no longer be required to have a police department with a minimum level of funding. Instead, the department would be replaced by a public security agency, with the city council exercising greater control over its policies and leadership.

“This amendment would create a Ministry of Public Security combining public security functions through a comprehensive public health approach to be determined by the mayor and the council,” he said. “The ministry would be headed by a commissioner appointed by the mayor and appointed by the council. The police department and its chief would be removed from the city charter. The public security service could include police officers, but the minimum funding requirement would be removed.

After the lower court ruling, Minneapolis Mayor Jacob Frey, who has made police reform a top priority but has a controversial relationship with the council and justice activists, said he remained “categorically opposed”To the charter amendment, but still wanted voters to have a say in it.

The decision to jeopardize the ballot issue was also condemned by national leaders. US Congressman Illhan Omar, who represents parts of Minneapolis, criticized the decision at a town hall on Tuesday.

“We have people who pay so much money to make us slaves to a charter that the majority of us [oppose], ” she said. “This is the opposite of what democracy should produce. People had a vision of what they wanted, and there is a judge, there is a mayor, there is a police chief, and their friends. wealthy people who tell us we can’t have a city flexible to our needs and demands. Otherwise, how are we supposed to progress if we can’t? “

Shortly after George Floyd’s assassination, sparking a nationwide civil rights uprising, activists began to push to replace the Minneapolis Police Department entirely with a more holistic and less violent police department.

At a rally last June, the city council created a national shockwave, promising to end its “toxic relationship” with the MPD.

“Our commitment is to end our city’s toxic relationship with the Minneapolis Police Department, to end the police as we know it, and to recreate public safety systems that actually protect us,” Lisa said. Bender, president of the Minneapolis City Council. said at the time.

Since then, the city’s charter commission, an unelected body that advises on charter matters, consideration of the issue of the stalled ballot until the end of last year’s municipal elections, and efforts to suppress the MPD have run into obstacles in court since then.

Read more

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Lindsey Graham says police should take ‘hard line’ at Saturday protest

Police share body camera footage of Gabby Petito – follow live updates


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JLL arranges $ 250M financing for historic Dayton’s project in Minneapolis https://himspairport.com/jll-arranges-250m-financing-for-historic-daytons-project-in-minneapolis/ https://himspairport.com/jll-arranges-250m-financing-for-historic-daytons-project-in-minneapolis/#respond Thu, 16 Sep 2021 12:30:00 +0000 https://himspairport.com/jll-arranges-250m-financing-for-historic-daytons-project-in-minneapolis/ Loan provides new life for 601 W Companies Class A redevelopment project CHICAGO, Sep 16, 2021 / PRNewswire / – JLL announced today that its Capital Markets group has arranged $ 250 million in financing for The Dayton’s Project, a historic redevelopment incorporating Class A office, retail and dining space at 700 Nicollet Mall in […]]]>

Loan provides new life for 601 W Companies Class A redevelopment project

CHICAGO, Sep 16, 2021 / PRNewswire / – JLL announced today that its Capital Markets group has arranged $ 250 million in financing for The Dayton’s Project, a historic redevelopment incorporating Class A office, retail and dining space at 700 Nicollet Mall in downtown Minneapolis, Minnesota.

JLL worked exclusively on behalf of 601 W Companies to secure the three-year, floating-rate loan through a joint venture between Winthrop Strategic Real Estate Fund and funds managed by affiliates of Fortress Investment Group LLC.

For more than 100 years, 700 Nicollet Mall was a vital fixture in downtown Minneapolis serving as the home to Dayton’s and later, Macy’s department stores. The redevelopment will pay homage to the building’s history and reinvent the 12-story property for the 21st century. Plans for the 1.2 million-square-foot project include modern offices with expansive floorplates, dining and retail spaces and a 45,000-square-foot food hall and market. On-site amenities will include a green rooftop terrace with skyline views, private lounge and library spaces and a health club.

Tea Dayton’s Project is positioned in the heart of downtown Minneapolis along the city’s famed skyway. This location is surrounded by retail, cultural, hospitality and entertainment offerings as well as numerous corporate neighbors. Additionally, The Dayton’s Project is convenient to major area thoroughfares, including Interstates 394, 94 and 35W providing connectivity throughout the greater Minneapolis and St. Paul area.

The JLL Capital Markets team representing the borrower was led by Senior Managing Directors Jaime fink, Jeffrey Bramson, Bruce miller and Keith Largay.

JLL’s Capital Markets group is a full-service global provider of capital solutions for real estate investors and occupiers. The firm’s in-depth local market and global investor knowledge delivers the best-in-class solutions for clients – whether investment sales advisory, debt placement, equity placement or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.

For more news, videos and research resources on JLL, please visit our newsroom.

About 601 W Companies
The principals of 601W oversee one of America’s leading private real estate acquisitions, ownership, development, and management portfolios in the country. Over the past 25 years, 601W has acquired many substantial and well-known commercial properties throughout the country, aggregating more than 45 million square feet with a collective value in excess of $ 12 billion. In relation to these deals, 601W has raised more than $ 3 billion in equity, mostly from longstanding investors, and has consummated transactions involving fifty major offices buildings, including 12 in Manhattan.

About JLL
JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. JLL shapes the future of real estate for a better world by using the most advanced technology to create rewarding opportunities, amazing spaces and sustainable real estate solutions for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $ 16.6 billion, operations in over 80 countries and a global workforce of more than 92,000 as of June 30, 2021. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.

Connect with us
https://www.linkedin.com/company/jll
https://www.facebook.com/jll
https://twitter.com/jll
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Contact: Kristen Murphy, JLL Senior Manager, Public Relations
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Xcel Energy partners with MACV to provide new homes for homeless veterans – WCCO https://himspairport.com/xcel-energy-partners-with-macv-to-provide-new-homes-for-homeless-veterans-wcco/ https://himspairport.com/xcel-energy-partners-with-macv-to-provide-new-homes-for-homeless-veterans-wcco/#respond Fri, 10 Sep 2021 23:05:00 +0000 https://himspairport.com/xcel-energy-partners-with-macv-to-provide-new-homes-for-homeless-veterans-wcco/ MINNEAPOLIS (WCCO) – WCCO is teaming up with Xcel Energy for the Company’s Service Day this week. We will introduce you to local nonprofits that may need your help. The company’s partnership has resulted in new homes and much-needed support for homeless veterans, as volunteers break new ground in efforts to end veteran homelessness. Xcel […]]]>

MINNEAPOLIS (WCCO) – WCCO is teaming up with Xcel Energy for the Company’s Service Day this week. We will introduce you to local nonprofits that may need your help. The company’s partnership has resulted in new homes and much-needed support for homeless veterans, as volunteers break new ground in efforts to end veteran homelessness.

Xcel Energy employees are dedicated to helping the Minnesota Assistance Council for Veterans in its mission to end veteran homelessness, by volunteering their time and talents.

READ MORE: “Pamoja Tutashinda, Together We Win”: Wanted Volunteers at the Boys and Girls Club of North Minneapolis

Xcel Energy CEO Bob Frenzel, a Navy veteran, thinks this is what the community should look like.

“Partnering with MACV and helping our veterans is particularly poignant to see what is happening in Afghanistan, but truly helping those and serving those who serve our country so courageously is important to me. It has a place in the hearts of every Xcel Energy employee. It’s in the culture of our company, ”he said.

Frenzel rolled up his sleeves by bringing his family to help build a home for the veterans in North St. Paul last year.

MACV CEO Neil Loidolt says the partnership with Xcel Energy is crucial in helping homeless veterans. MACV inaugurated the first Accessory Housing Unit (ADU), adding a second living space at the back of one of its homes that veterans call home.

“Almost 500 hours of this great organization this year, but they’re going to help us solve the power issues here at our ADU,” Loidolt said. “But it’s also good to be in partnership with truly respected members of the community, and that’s what Xcel is.”

READ MORE: ‘Need Reaches Historic Highs’: Twin Cities Food Group Struggles to Find Volunteers

YardHomes is taking the lead in this project, a project that could not be achieved without the volunteer muscle of Xcel Energy.

“When this property was created and we decided this could be the first location, I was just thrilled,” said Nicole Beckstrand of YardHomes. “They said they would do some finishing work for us and we’ll take it over.”

Xcel Energy volunteers are proud to be a part of this revolutionary effort, to build new affordable housing designed to get homeless people off the streets, working this new approach to help the homeless veterans that MACV needs to volunteers.

“Some people can donate money, others can donate their time, doing patches on decks,” said Loidolt, “but that’s really their expertise.“ I’m a lawyer, ”“ I’m a realtor “,” I can help close the deal. “

MACV hopes to add secondary suites to three other properties. The organization is also looking for homeowners willing to help Veterans in need of housing.

NO MORE NEWS: Jeremiah program helps single mothers and children build brighter futures

You can sign up to help out this weekend, find out more about other organizations, and make Xcel’s “Good Energy” pledge of volunteering, by visiting wcco.com/dayofservice.


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