Property, Rentals, Transactions

Property, Rentals, Transactions
Perkins - Moorhead, MN

The Boulder Group Arranges Sale of Single Tenant Net Lease Perkins Restaurant

The Boulder Group, a net leased investment brokerage firm, has completed the sale of a single tenant net leased Perkins Restaurant & Bakery located at 3005 Highway 10 East in Moorhead, Minnesota for $2,100,000
Starbucks - Savage, MN

The Boulder Group Arranges Sale of Net Lease Starbucks Property

The Boulder Group, a net leased investment brokerage firm, has completed the sale of a single tenant Starbucks property located at 13945 Highway 13 Frontage Road in Savage, Minnesota for $1,475,000.
Mattress Firm

Capital Pacific Sells Corporate Three Tenant Shopping Center in Maplewood, MN

Capital Pacific, a leading retail investment brokerage firm, recently represented the seller of Venner Plaza, a 11,032 SF three tenant freestanding building located at 1987 County Road D, Maplewood, MN. The property was sold for $6,175,000 to a California based 1031 exchange investor.
Mattress Firm

Capital Pacific Sells Mattress Firm in Roseville, MN

Capital Pacific, a leading retail investment brokerage firm, recently represented the seller of a 3,650 SF Mattress Firm located at 2174 Snelling Avenue N. in Roseville, MN. The property was developed by a Northern California based development firm and sold for $2,500,000 to a private investor.

St. Louis County Board approves levy increase to invest in Children and Family Services

The St. Louis County Board has approved a preliminary property tax levy of $126,550,079, an increase of 8.5 percent for 2017. The increased money is needed to fund skyrocketing out-of-home placement costs and other investments in children and family services. At the same time, the County's growing property tax base means most people will see little change in their property taxes compared to two years ago

County appraisers to visit neighborhoods hit hard by Monday night storm

Staff from the County Assessor's Office will be touring storm damaged areas in and around White Township and Biwabik beginning next week to assist property owners who may be eligible for tax credits or abatements following Monday night's storm

KLOBUCHAR INTRODUCES BILL TO HELP MORE CHILDREN FIND HOMES THROUGH INTERNATIONAL ADOPTION AND CHILD...

The United Nations Children’s Fund estimates that 13 million children across the globe have lost both parents and as many as eight million children are living in institutional care; Despite the clear need for more permanent homes for these children, the number of international adoptions in the U.S. has decreased by 72 percent since 2004

Landowners, local governments reviewing preliminary buffer map

Landowners, counties and watershed districts are now reviewing the preliminary map of Minnesota public waters requiring protective buffers. Landowners who have buffers identified on their property can work with their local soil and water conservation district or drainage authority to ensure the preliminary map is accurate.

Wildfire Prevention Week is April 17-23

Every year in Minnesota, wildfires cause property losses, injuries and threaten the lives of fire fighters. To raise awareness of this danger, April 17-23 is Wildfire Prevention Week in Minnesota.

County Board approves 2016 budget with 0 percent levy increase

The St. Louis County Board has approved its 2016 budget in the amount of $358,733,410. Of most significance to tax payers is the fact that it includes no change in the levy, which will translate into a decrease in the county portion of property tax statements for most residents and business owners.

St. Louis County Board lowers property taxes in 2016

The St. Louis County Board has voted to hold the maximum property tax levy flat for 2016 at $116.6 million, a 0 percent increase over last year. This is doubly good news for tax payers, because in addition to no increase in the levy, the growth in the economy and tax base means the County-portion of the property tax statement should decrease for the majority of residents

Thinking of selling your home? Remember to have your septic system inspected.

Autumn is here and the St. Louis County Environmental Services Department has an important reminder for property owners with septic systems. If you’re thinking about selling your home over the winter, get your septic system inspected now before the ground freezes

St. Louis County Board expected to approve 0% levy increase for 2016

St. Louis County Commissioners are preparing to vote on the maximum property tax levy for 2016, and based on preliminary discussions, the Board reinforced their commitment to holding the levy at the same level as this year: $116.6 million. Commissioners are poised to vote on the zero percent levy increase at their next meeting, on Tuesday, September 22.

Rep. Ellison Introduces Bill to Replace Outdated Mobile Homes

Rep. Keith Ellison (D-MN) introduced The Energy Efficient Manufactured Homes Act 0f 2015 (H.R. 3275) this week, which will enable economically vulnerable families live in safe, affordable and energy-efficient homes

ASHFORD TRUST TO ACQUIRE THE W MINNEAPOLIS & LE MERIDIEN MINNEAPOLIS FOR $101 MILLION

Ashford Hospitality Trust, Inc. (NYSE: AHT) (“Ashford Trust” or the “Company”) announced today that it has signed a definitive agreement to acquire two Minneapolis hotels, the 229-room W Minneapolis Hotel - The Foshay, and the 60-room Le Meridien Chambers Minneapolis hotel, for total consideration of $101 million in cash ($349,000 per key). As part of the transaction, the Company will assume approximately $56.0 million of mortgage debt on the W Minneapolis Hotel. The assumed debt matures in May 2023 and carries a fixed rate of 5.46%. Post-closing, both properties will continue to be managed by Starwood Hotels.

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Klobuchar, Franken, Peterson Announce Over $165,000 for Infrastructure Improvements at Windom...

U.S. Senators Amy Klobuchar and Al Franken, along with Representative Collin Peterson, today announced that the U.S. Department of Transportation has awarded Windom Municipal Airport a grant of $166,160 for infrastructure improvements.

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Nolan Calls for Hearings on Airline Industry’s Consumer Protection Practices

U.S. Rep. Rick Nolan today called on leaders of the Transportation & Infrastructure Committee and Aviation Subcommittee to hold a hearing to investigate the state of consumer protection practices within the airline industry.