Cushman & Wakefield July 2018 Compass Report: Absorption Exceeds Expectations in Dynamic, Competitive Commercial Real Estate Market

MINNEAPOLIS  (07/25/2018) – The Twin Cities multi-tenant commercial real estate market exceeded expectations in the first half of 2018, outpacing projected absorption by about 20 percent even as the retail and office sectors slowed significantly. At the end of June, the market’s multitenant properties had a measured vacancy rate of 10.6 percent, 20 basis [...]

July 25th, 2018|News, Perspective|

Renaissance Square in Minneapolis Reborn as The Andrus

MINNEAPOLIS (06/21/2018) – The 140,000 square foot (sf), skyway-connected building at Nicollet Mall and Fifth Street in Minneapolis, most recently known as Renaissance Square, is undergoing an extensive restoration and the building’s original name, the Andrus, will be restored in celebration of its first owner, John Emory Andrus. Peter Armbrust Mark [...]

June 22nd, 2018|News, Perspective|

Cushman & Wakefield Names Terri-lynn Mitchell Minneapolis-St. Paul Asset Services City Lead

MINNEAPOLIS (06/18/2018) – Cushman & Wakefield has named Terri-lynn Mitchell, a longtime leader within the company, as City Lead for Asset Services in its Minneapolis-St. Paul office, one of the largest Asset Services offices in the country. Terri-lynn Mitchell Mitchell joins the Minneapolis-St. Paul office after three years overseeing Asset Services, which [...]

June 18th, 2018|News, Perspective|

Cushman & Wakefield Offers TIES Properties For Sale

MINNEAPOLIS  (06/04/2018) – Paul Donovan, Jaclyn May and Jeremy Striffler of Cushman & Wakefield’s Minneapolis-St. Paul office are accepting offers for the properties at 1667 Snelling Ave. N. in Falcon Heights, a rare investment, redevelopment or adaptive re-use opportunity, beginning immediately. Jaclyn May Paul Donovan The Cushman & Wakefield team [...]

June 4th, 2018|News, Perspective|

West End Office Park Executes Three New Leases in 1Q18 Totaling 120,000 SF

MINNEAPOLIS (04/30/2018) – Cushman & Wakefield, a leading global real estate services firm, today announced that three tenants have signed new leases this year totaling 120,000 square feet (sf) at West End Center, a seven-story, 200,000 sf building at West End Office Park in St. Louis Park’s popular West End submarket. Peter Fitzgerald, Bill Rothstein [...]

April 30th, 2018|News, Perspective|

Cushman & Wakefield Negotiates Lease for New TJ Maxx/HomeGoods Store in Cottage Grove

MINNEAPOLIS (03/08/2018) – Cushman & Wakefield Director Deb Carlson represented landlord EBL-S in negotiations for a new 38,000 square foot (sf) TJ Maxx/HomeGoods combination store at Grove Plaza, the company announced today. Deb Carlson The new store will sit just east of a 95,700 sf Hy-Vee grocery store which opened in 2017. [...]

March 8th, 2018|News, Perspective|

Cushman & Wakefield Adds Tom Tracy, Katie Tufford to Downtown Office Leasing Team

MINNEAPOLIS (03/05/2018) – The Minneapolis-St. Paul office of Cushman & Wakefield has added Tom Tracy and Katie Tufford, CPM, both formerly of The Excelsior Group, to its downtown Minneapolis office leasing team. Tracy, a nearly 30-year commercial real estate professional in the Twin Cities, rejoins the firm following three years with The Excelsior Group. [...]

March 5th, 2018|News, Perspective|