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Just Sold: Podcast leads Obsidian to industrial investment
An entity related to Minneapolis-based Obsidian Group has paid $5 million for a pair of multitenant industrial buildings in Brooklyn Park, adding them to a value-add investment fund it has launched with other local investors.
Just Sold: Youth program buys vacant Blaine store
The sad story of a Blaine retail store ending up in foreclosure is headed in a new direction, turning vacant space into an opportunity for a north suburban nonprofit to expand its work for youths dealing with homelessness.
Just Sold: Vincent Cos. buys Orono senior community
Eden Prairie-based Vincent Cos., which in the last decade has developed a dozen senior communities, now has acquired its fourth senior living property since January 2024.
Just Sold: Hempel buys Maple Grove med-tech plant
Vascular Solutions Inc., which closed its Maple Grove headquarters earlier this year, has sold the 79,937-square-foot plant to an entity related to Minneapolis-based Hempel Real Estate.
Just Sold: North Lone Star Capital buys Faribault rentals
St. Paul-based North Lone Star Capital has bought the 144-unit Four Seasons Apartments complex in Faribault from its California owner for $13.35 million, making it the priciest apartment sale in the city since the seller bought it in 2021 for $12.5 million.
Just Sold: Walser pays $11.59M for Roseville dealership
Customers likely won’t notice a change, but Bloomington-based Walser Auto Group has paid $11.59 million for the real estate related to its Walser Buick GMC Roseville dealership.
Just Sold: Minnetonka companies and $8.7M plant sold
Windjammer Capital, a private equity firm with offices on the East and West coasts, has acquired two related Minnetonka-based companies.
Just Sold: McCrossan buys Maple Grove tech building
A local buyer has paid $9.66 million in cash in a 1031 exchange purchase of a multitenant technology building along the west side of Interstate 494 in Maple Grove.
Just Sold: Minneapolis industrial building draws $7.45M
Two Twin Cities properties sold for $22.5M, including an 86,602-sq-ft Minneapolis industrial building and 193-unit St. Paul apartment tower.
Just Sold: REIT pays $12.8M for Zimmerman rentals
Dakota REIT, a real estate investment trust based in Fargo, North Dakota, has paid an Edina seller $12.8 million for the 65-unit Depot on Main Apartments at 26125 Main St. in Zimmerman.
Just Sold: Rochester-area rentals draw $170K per unit
Flats 55, a four-story, 55-unit, Class B apartment development built in 2021 just south of Rochester, has sold for $9.35 million.
Just Sold: Lakeville Hampton Inn draws $15 million
A 120-room Hampton Inn & Suites hotel that opened in 2019 at one of the busiest locations in Lakeville has sold to a local buyer for $11.9 million.
Beyond The Skyline Podcast
Beyond the Skyline is a podcast and video interview about economic development, real estate and construction in Minnesota.
