East Coast companies buy Shakopee apartments

The Praedium Group and CAPREIT recently spent $19 million to buy a 202-unit apartment building in Shakopee known as the Shenandoah Apartments, according to a news release. The seller, who was described in the statement as "a local investor," hadn't been marketing the properties for sale. The apartments, at 935 Alysheba Road, were built in 2005. The units have private patios, balconies, 9-foot ceilings, walk-in closets, and full-size washers and dryers. The complex also includes an outdoor swimming pool, a clubhouse and fitness center, a billiards room and walking trails...

Source: http://feeds.bizjournals.com/~r/twincities_blog_realestate/~3/O1suhRvGCvk/praedium-capreit-19m-shakopee.html

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Hotel-and-Rodeo Proposal Spurs Debate

A proposal to build a huge Gaylord Entertainment convention hotel-and-rodeo complex in the Denver suburb of Aurora has sparked a shootout among hoteliers, city leaders and others at odds about whether public financial assistance gives such projects an unfair advantage.

Source: http://online.wsj.com/article/SB10001424053111904292504576482191074294516.html?mod=residential_real_estate

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Chipping away at bricks and mortar

Big brokerages cutting office space without going entirely virtual

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Source: http://feedproxy.google.com/~r/inmannews/~3/NFhjW9wLowk/chipping-away-bricks-and-mortar

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Weekly Market Activity Report - May 9, 2011

MAAR's Weekly Market Activity Report for the Twin Cities ? Week of May 09, 2011.

Source: http://www.mplsrealtor.com/downloads/market/WMAR/Archive/WMAR_2011_05-09.pdf

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4 keys to paperless real estate transactions

Save time, money and provide better customer service

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Source: http://feedproxy.google.com/~r/inmannews/~3/vYumzjw0wTc/4-keys-paperless-real-estate-transactions

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CMBS loan liquidations drop in July: Trepp

More than $1.3 billion in commercial mortgage-backed securities conduit loans were resolved with losses in July, commercial real estate analytics firm Trepp said Monday.
Overall, 175 conduit CMBS loans were liquidated this past month, down from 197 liquidations in June when $1.8 billion in CMBS conduit loans were resolved with losses.
In July, the liquidation of conduit [...]

Source: http://feedproxy.google.com/~r/housingwire/uOVI/~3/vMJOvkIybv8/cmbs-loan-liquidations-drop-in-july-trepp

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Parmida Home store to open at West End

A Texas-based home furnishings retailer will open next spring in the Shops at West End in St. Louis Park.

Parmida, based in McKinney, Texas, is a botique of high-end home living and entertainment merchandise ranging from furniture and dinnerware to gourmet chocolate and cheese.

It has signed an 11,000-square-foot lease to go into the West End lifestyle center near the intersection of Interstate 394 and Highway 100.

The West End is a joint-venture development of Duke Realty Corp. and Jeffrey R...

Source: http://feeds.bizjournals.com/~r/twincities_blog_realestate/~3/tjeo6WIaRE8/parmida-home-store-to-open-at-west-end.html

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