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Des Moines multiuse building receives national recognition - Vimarsana News

Des Moines multiuse building receives national recognition

Des Moines multiuse building receives national recognition Wednesday, January 13, 2021 8:00 AM A four-story, mixed-use building (pictured) at 111 E. Grand Ave. in Des Moines is among 20 winners of Engineering News Record’s Best of the  Best Projects competition. The building was the competition’s office/retail/mixed-use category winner. Located in Des Moines’ East Village, the building was constructed with mass timber, an eco-friendly material increasingly used by builders in an effort to reduce carbon footprints. Construction of the building was completed ...

Site of planned Cherry Creek senior living complex sells ahead of groundbreaking - Vimarsana News

Site of planned Cherry Creek senior living complex sells ahead of groundbreaking

Site of planned Cherry Creek senior living complex sells ahead of groundbreaking Courtesy of Ryan Companies) A new development team is taking over plans for a senior living complex at the edge of Cherry Creek. Minneapolis-based development firm Ryan Companies and Scottsdale-based senior living firm Cadence Living, along with Chicago-based Harrison Street, paid $11.75 million last month for the 301 and 327 S. Harrison St. parcels, according to public records. The parcels add up to 0.71 acres. The property was sold by Scottsdale-based Solterra Senior Living and equity partner Titan Fund Managem...

Slow going for office sales in 2020 - Vimarsana News

Slow going for office sales in 2020

Multitenant office sales in the Twin Cities took a hit in 2020 amid the pandemic and economic downturn. Other than the $130 million sale of the West End Office Park in St. Louis Park, big sales were few and far between in the first half of 2020. In its midyear report, Newmark Knight Frank said Minneapolis-St. Paul total office sales stood at $526 million, down 38% from the previous year. In the second half, sales activity picked up a bit with deals that include the $51.2 million sale of the Millwright Building in downtown Minneapolis and the $52.2 million sale of the UHG Optum Health Campus i...

Top industrial sales of 2020: market remains strong - Vimarsana News

Top industrial sales of 2020: market remains strong

Despite all odds, the industrial sector may have seen a record-setting year in 2020. New York-based Blackstone Real Estate Investment Trust acquired a 59-building portfolio in April in a deal that may be the largest commercial real estate transaction ever in the Twin Cities. Individual industrial transactions were topped by MetLife Investment Management’s $118.7 million purchase of the Amazon fulfillment center in Shakopee. This was one of the largest individual industrial sales over the past two years. According to the most recent report from CBRE, Minneapolis’ industrial market transact...

Community Foundation adds four new members to board - Vimarsana News

Community Foundation adds four new members to board

Community Foundation adds four new members to board Tuesday, December 15, 2020 11:12 AM The Community Foundation of Greater Des Moines has named four new members to its board. The new board members include Marta Codina, region bank president, Wells Fargo; Izaah Knox, executive director, Urban Dreams; Brad Schoenfelder, Midwest Region president, Ryan Cos.; and Cynthia Thorland, retired director of talent development of Life Care Services. Each will begin a five-year term on Jan.1  With the addition of these four new members and the completion of terms for three cur...