Apple’s Cash
Simply put, it just seems that Apple can’t miss. At anything. Their stock has been on fire since the death of Steve Jobs and people just can’t stop buying their beautiful products. Even myself. The company has sold 3 million iPads in just three friggin’ days! Most of the people that made the purchases probably…
Property owner of Capella Tower now thinking it maybe time to sell
The BizJournal is reporting (must be subscriber for full article) that the ASB Capital Management – property owner of Capella Tower, you know the “halo building” is thinking about putting the property on the market. Didn’t I just mention the other day that you shouldn’t be surprised if more office buildings in downtown Minneapolis would go up…
Bid On An Office Tower
Here’s yet another chance for you to own a downtown office tower in Minneapolis for maybe pennies on the dollar. The BizJournal is reporting that Fifth Street Towers is scheduled to be on the auction block at the Hennepin County Sheriff’s office on April 19th. Makes sense that the lender no longer is wanting to…
Listed: Office Condo In The Maple Leaf Ridge Business Center
Maple Leaf Ridge Business Center is located along busy HWY 61 in Maplewood, MN. This property is for sale or lease. Built in 2006, this is one of the newest class A office properties in the area and is a perfect fit for a variety of different uses. Features Highly visible street frontage with signage…
100 square feet or smaller
The space around your work environment may be getting a whole lot smaller over the coming years. Maybe you have already noticed the decline as you and your coworkers jockey for elbow room on the latest work and greatest work station. You may find that the office walls will be closing in on workers in…
Having trouble finding office space in Minneapolis on the 25th floor or above?
You wouldn’t be the only one then. According to a new office market report released by Colliers, office space above the 25th floor in downtown Minneapolis towers of the central business district has just a 3% vacancy rate! Most of the available space is non-contiguous as well – meaning it’s scattered and not available in…
Spec Office Building Lands First Tenant
Word is, the speculative office development Mozaic located in the Uptown area of Minneapolis – has landed it’s first office tenant. It announced last fall that it had a committed tenant for it’s ground level retail space with restaurant Bar Louie, now it has it’s first office tenant to go along with the retail in….
30 story office building completed in 15 days
Not sure if I’d set foot in an office building that was built in JUST 15 days but some of the stats may put one at ease. As a Chinese company pulled this feat off just before New Year’s.
Linkage: Apple gets a sweet deal and Twin Cities office vacancies
Best Places To Work via Glass Door. If your company isn’t on this list, you have work to do. Landscape Absurdism: Las Vegas via The Atlantic Cities. A crazy look at the odd development of Las Vegas during the boom from Google Earth, this does not make sense at all. Should a business buy its…
The difference in office, coworking and executive office leases
One of the great things about commercial real estate as it continues to evolve is the types of office users and the styles of space that is made available to them in the marketplace today. While one company looks for looks to leave their parents basement and into some startup space, another business maybe looking…
Listed: Office Condo In Eden Prairie For Lease
Bent Creek Business Center is located in Eden Prairie at 7525 Mitchell Road just minutes from HWY 5 and HWY 494. Suite 302 is located on the top floor of the office building that features an open floor plan with large windows for lots of natural light. The building is made of solid concrete, has elevators…
Tractor Works Stairwell Murals
Tractor Works in the North Loop off Washington is one of the my favorite buildings in Minneapolis. If you unfamiliar with the property, it’s a great adaptive reuse of a former warehouse that used to build John Deere (still bears the name on the outside). City Pages put together this walk-thru of the stairwell as…
Prevolv and the evolving work environment
The other day I had the opportunity to visit Prevolv for our monthly networking group and got a brief tour of the products and services that the company has to offer. Prevolv is a workplace design and furniture dealer that focuses on the latest trends in workplace design. Nancy Martel is in charge of business…
Office space for Minneapolis startups
Options in the North Loop and Warehouse District area Tractor Works Butler Square Wyman Partridge Building Lumber Exchange Colwell Building Designer’s Guild Plymouth Building International Design Center Textile Building Ford Center Union Plaza You can also look at the coworking locations that are coming into the Minneapolis area which include CoCo, Joule and Workaround. flickr photo cred:…
Office Leasing Heat Map
An easy way to find out if you specific office market is rebounding or eroding from the Wall Street Journal, a heat map showing change. I have to give it to the WSJ, I tried doing this about a year ago with Tableau software for the Minneapolis commercial real estate market but the data was…
Target’s real estate strategy is alive and well
I had the opportunity to sit in on the University of St. Thomas’ Executive Insight Series with Target Corporation’s Director of Corporate Real Estate David Marquis. The last one I went to featured Bob Lux from Alatus LLC. If you have never been and are a real estate enthusiast, I’d highly recommend it. I definitely…
Coworking Locations in Minneapolis and St. Paul
Minneapolis CoCo: The address is 400 S. 4th St., 4th Floor in the historic Grain Exchange building on the old trading floor in the Central Business District. Workaround: 210 North 2nd ST in the North Loop one block North of Washington Ave North Cojoule: Located in the Mill District at 1200 Washington Avenue South. St. Paul CoCo: Located at 213 4th…
Rockler Fur Building
The L.A. Rockler Fur Building is located in the Warehouse District in downtown Minneapolis. Located on S 4th St next to Hennepin Ave, this building offers affordable creative office space for lease with wonderful views of the central business district. The building has large windows, open floor plans and great character that is hard to…
Introducing: Spaces
As a commercial real estate broker, I have the opportunity to see vast amounts of space and spend a significant amount of time with companies as they design their space. You can find Spaces here and use them for inspiration. If you want your company to be featured, let me know. flickr photo cred: pixel…
Linkage: Test City and Fence Sitters
Survey: Retailers plan to open more stores due to lower rents via Chain Store Age. Test City via ABC News. A city in the middle of nowhere New Mexico to test smart grids, renewable energy, et al. Cool. U.S. Federal Reserve Beige Book: Minneapolis District via Bloomberg. The Ninth District economy has grown slightly since…
Linkage: Google getting into affordable housing?
A taste for restaurant leases developing via StarTrib. Affordable Housing Sector Finding New Financing via Urban Land Institute (h/t Mike Cobb). Google! We’ve even witnessed Google investing in affordable housing in Minneapolis with the Riverside Plaza getting $28 million as Aegon US Realty Advisors partner up. Class-B Assets and Secondary Markets Earn Their Day in…
Office Sector Cap Rate Trends
From Reis Reports: Cap rates trended wildly from 2001 to 2008, but on average multi-tenant properties transacted at a 7.85% cap rate versus an 8.01% cap rate for single-tenant properties. However, this trend was reversed when the recession took hold. Specifically, over the last couple of years, single-tenant cap rates have been hovering around 7%,…
Linkage: The apartment onslaught continues for Minneapolis and a walk down money lane
Hand picked commercial real estate links both local and national: Apartments, apartments, apartments is the only construction development happening these days and focused on Downtown. Now it appears Schafer Richardson is trying to get into the mix with turning the Cameron Building on 756 4th St in the North Loop to market-rate apartments via Downtown…
Is the “Target Field effect” finally being felt in the North Loop
What many have been waiting for may finally be here. A lot of projects have come to light over the last few months in concerns to new and adaptive reuse development around Target Field in Minneapolis. Some projects are also returning to the table that have been put on hold during this downturn. Apartments on…
Minneapolis Needs A Tech Alley
There’s no other city I can think of when it comes to the amount of tech and start-ups that Minneapolis has and no defined area for a cluster of office space. What is missing from the Minneapolis office scene is a block or corridor that is dedicated to the coders and high-tech start-ups. The Warehouse…
Minneapolis-St. Paul 15th Largest Office Market By Square Feet
According to CoStar Group’s piece entitled “Slicing, Dicing and Scoping the size of the U.S. commercial real estate market”. You can download the full doc here. The report also notes that the entire value of commercial real estate here in the United States is a staggering $11 Trillion. Think it’s not a preferred asset class?…
San Francisco CBD not much different than Minneapolis CBD
Although it’s not the first time out to San Francisco and won’t be the last, it is the first time that I spent staying in a hotel in the downtown area. Most other times I’ve stayed out there were in outlying fringes of the city and suburbs. I must say, I will be pushing to…
Speculation office and retail building returning to Minneapolis?
A speculative development move coming to the Uptown area in Minneapolis? It appears so as the MoZaic finally figures out what it is going to be. MoZaic in Uptown has been trying to get off the ground for years as it was suppose to be a condo, then hotel, then market-rate apartments (maybe not in…
701 Washington to start leasing soon
It looks like 701 Washington Ave down in the North Loop is ready to start leasing up after driving by and seeing a sign up on the outside from the Sherman Group. As you remember, a lot of the creative office space will be vacated by HGA Architects in the coming months as they move…
Renovation moving along Ford Centre
Late last year it was announced that Ford Centre in the Warehouse District was getting a makeover. It looks like the last few windows look to be set in the historic building that is being upgraded for better use of office space.
Office Vacancy To Peak In 2Q of 2011
CB Richard Ellis has released it’s outlook for the upcoming year and predicts that overall office vacancies will peak in the 2nd quarter of 2011. Depending on where you look or who you talk to around here, some might say that has already happened here in Minneapolis. Some reports have shown vacancies leveling off and…
Ford Centre To Get A Makeover
The speculation seems to be over, finally. We’ve known for awhile that something was up at Ford Centre in the Warehouse District for sometime now. The tenants in the building where all on short-term leases and even having some inquiries a few months back from some businesses about the building – the landlord was only…
Butler Square The Gateway To The Warehouse District
Located in the heart of the Warehouse District is Butler Square. Built in 1906 for the Butler Brothers Company, a 500,000 square foot solid masonry building with post and beam timber construction. It is the oldest building in the United States that has received LEED Certification for a multi-tenant commercial building. The Gateway to the…
Colonial Warehouse
Looking for another good office spot in the North Loop? Look no further than the Colonial Warehouse off of 3rd Avenue N and Washington Ave. Built in 1885, this building’s history is rich. Originally intended to be the powerhouse for the cable car system, that was never built but was instead used to store electric…
Site Selection For Your Minneapolis Office
Just because it is a buyer’s or tenant market doesn’t mean that site selection should be any different when it comes to locating office space for your business. The selection varies from retail and industrial. Now more than ever it is important to have a trusted commercial broker in Minneapolis help make the process less…
Creative work space in Tractor Works
Tractor Works in Minneapolis is one of the best redevelopments in North Loop – maybe even the Twin Cities area relating to office space. A definite landmark. Situated at 800 Washington Ave in the Warehouse District within a few blocks of Target Field, it is one of the premier office buildings in the revitalized neighborhood…
Check out these offices close to Target Field
With Target Field being the main attraction this year for Minneapolis this past year there have been a few people looking to move or relocate their business to the area. We take a look at the best spots for office space that is close to the field. Most of it is all within a short…
601 Carlson Tower Is Now Up For Sale
A major office building has gone up for sale along HWY 394/494 in Minnetonka 601 Tower, one half of the Carlson Center Towers has been listed for sale by CBRE (click here for the listing page). If your an institutional buyer or investor with captial on hand, then this would be a solid multi-tenant “class…
A Downtown Minneapolis Tour Of Commercial Properties For Client
Whether you looking for class, elegance or the “wow factor” for you busines, Minneapolis definitely has it. I have a client that has a startup business looking to grow and are thinking that Minneapolis Business District is where they want to be. Client Needs: Class, Power, Upscale, Business. Looking for something around 5000 to 8000…
Find Creative Space At The Northrup King Building In The Northeast Minneapolis Arts District
One of the biggest issues that artists and designers have is finding the correct place for their work. Here steps in the Northrup King Building in the Northeast Minneapolis Arts District. The development was first built in 1917 and consisted of 10 buildings. It is now home to over 200+ businesses ranging from small businesses…
