Luxury apartment tower in downtown Mpls. sells for $70M
An out-of-state company on Thursday paid $70 million for the Nic on Fifth, a 253-unit luxury apartment tower in downtown Minneapolis, marking the end of a busy summer for investors on the north end of Nicollet Mall. The buyer — Kirkland, Washington-based Weidner — bought the property from Boston-based AEW Capital Management. The all-cash deal for the tower, located at 5th Street and Nicollet, ...
Source: yahoo.com