John Ryden News Today

An anchor tenant in a 140,405-square-foot office warehouse at 2501 Rosegate in Roseville has paid $16.3 million to acquire the building and 9.3-acre site.

Developers are building warehouse and manufacturing facilities in the Twin Cities as fast as they can.

Despite the pandemic, e-commerce growth is fueling the demand for warehouse spaces in the Twin Cities metro. For just about everyone in commercial real estate, the Covid-19 pandemic has brought economic challenges. Many offices are sparsely occupied, and the leasing outlook is uncertain. Many retail tenants are going bankrupt or closing stores. Hotels have seen the worst year that anyone can remember, because travel in the United States has dropped so much. But there is one bright shi...