Anytime Fitness Moving Headquarters to Woodbury

Anytime Fitness released images of its new corporate campus as it gets ready to break ground on the Woodbury headquarters building.

08 22 AnytimeFitness BWBR SouthThe 80,000-square-foot building will house 250 employees who are now working in the fitness club chain’s current headquarters in Hastings.

The new digs include a fitness club, outdoor gathering areas that will also be used for physical activities, a smoothie bar that turns into an alcohol bar, a gaming area and adjustable workstations that allow employees to work while standing or moving, said spokesman Mark Daly. Read more

Woodbury, Lakeville, Blaine and Maple Grove Continue to Lead Residential Sector

The Builders Association of the Twin Citiesreported “lackluster performance in both single family and multi-family construction” during August.

The BATC reported that builders took out 413 home building permits in August, down 16 percent from the 494 permits in August 2013, according to a press release. Read more

Woodbury State Farm Campus Eyes Redevelopment

A Florida-based real estate investment company appears to be winning over Woodbury officials with the idea of building 100,000 square feet of medical office space near the 400,000-square-foot former State Farm building off Interstate 94.

There would be two build-to-suit medical office buildings — 50,000 square feet each — to the north, a high-end grocery store and pedestrian-friendly retail to the south and possibly a hotel to the northwest of the former State Farm office building, according to a preliminary master concept plan released Thursday by Aventura, Fla.-based Elion Partners. Read more

Twin Cities Land Sales Comeback

A Cushman & Wakefield/NorthMarq Featured Article

A Florida developer’s purchase price for the site of a former Chili’s restaurant and an Olive Garden in St. Louis Park works out to nearly $30,700 per apartment. The site for the future 158-unit building is in the southwest quadrant of Highway 100 and Interstate 394, near the West End shopping center. (Staff photo: Bill Klotz)Land sales in the Twin Cities are finally showing some welcome signs of life with both transaction volume and sale prices on the rise.

“Things are starting to percolate, although sales are certainly not at the fever pitch that they were in 2004, 2005 and 2006,” says Dan Russ, a vice president in the Investment Services Group at Transwestern in Minneapolis. “But, it is starting to move in the right direction compared to the past few years, which has been stagnant.” Read more

Minnetonka Medical Building Moves Forward

15306-15500 Highway 7, Minnetonka

After months of delays and design changes, Minneapolis developer Mark Davis has closed on land deals totaling $4.6 million, clearing the way for construction to start next week on the 63,000-square-foot Minnetonka Medical Building. Read more

U.S. Home Prices Rise 12.4%, Most in Years

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WASHINGTON — U.S. home prices rose 12.4 percent in July compared with a year ago, the most since February 2006. An increase in sales on a limited supply of available homes drove the gains. Read more

United Properties and Twins Agree to Transit Hub Deal

The view of the Interchange Project, now named Target Field Station, from overhead. The project will cost $85 million to build. (Submitted rendering: Hennepin County, Perkins Eastman and Knutson)The Interchange project’s name has gone the way of Hiawatha Light Rail Transit and the Central Corridor LRT.

The Minnesota Twins, United Properties and Target Corp. reached a $3.75 million deal with Hennepin County — approved Thursday afternoon — to take over certain operations and other costs of the $85 million transit hub near Target Field. Read more

DLC Residential Purchases Site for 158 Class A Apartment Units

Millenium Apts 5245 Wayzata Blvd St L PA Cushman & Wakefield/NorthMarq Brokered Transaction

A Florida developer has closed on a $4.85 million land deal to build 158 market-rate apartments in the West End mixed-use development in St. Louis Park.

Millennium at West End LLC, an entity related to Dolce Living Homes LLC of Hallendale, Fla., closed Wednesday on the cash deal for two parcels totaling 3.55 acres, according to a certificate of real estate value made public Thursday. Read more