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Minneapolis is moving ahead on a rent control policy and stakeholders on the side of developers, investors and property owners say that the policy will not serve the goals that proponents are aiming for.
CBRE’s multifamily real estate team of Keith Collins, Abe Appert and Ted Abramson have more than 70 years’ experience in the multifamily market segment. Last year was another big one for them.
Monarch Investment and Management Group bought it. That’s accurate. However, it was just the start. The state later posted online the rest of the IRET/Monarch sales, which totaled $59.4 million for six properties with 585 units. Here are the six transactions. * Heritage Manor Apartments with 182 units at 2409 North US 52 was purchased by Monarch for $14.12 million. Monarch was already managing the property for Centerspace. * Crystal Bay Townhomes with 72 units at 240 Crystal Bay Court SW was purchased by Monarch for $13.6 million, as I previously reported. * Olympik Village at 402 31st ...
The final electronic certificate of real estate value related to a residential portfolio sale in Rochester was made public this week.
CBRE closes sale of 36-unit multifamily property in Twin Cities suburb May 7, 2021 CBRE has arranged the sale of Mahtomedi Flats, a 36-unit newer construction multifamily property in the Twin Cities suburb of Mahtomedi, Minnesota, at 730 Wildwood Road. Premier Mahtomedi MN, LLC sold the property to David Kroona in a transaction that closed April 30. A sales price was not disclosed. Keith Collins, Abe Appert and Ted Abramson from CBRE Minneapolis Multifamily represented the seller, Premier Mahtomedi MN, LLC, in the transaction. Mahtomedi Flats was built in 2018 an...