Author Archives: sarapeterson2014

Buyers Facing Aggressive Competition for Hotels

After a record year in 2015, the Minneapolis/St. Paul hotel market is highly active. Many buyers and institutions are continuing to aggressively seek existing product and land for hotel development. With the competitive environment in Minneapolis/St. Paul and other larger markets in the region, buyers and developers continue … Continue reading

Posted in Hospitality | Leave a comment

Developers Still Seeking Industrial Land

By way of industrial land, most of the prime business parks are developer controlled or owned at this point in the cycle. While many developers are more comfortable with the land positions and inventory they possess, a select group are … Continue reading

Posted in Land | Leave a comment

Demand Outpaces Supply of Investment Sales

Heading into the second half of 2016, The Twin Cities continues to be a target market for a deep field of investors, both institutional and private. It is still viewed very favorably but as less of a growth market than … Continue reading

Posted in Investment | Leave a comment

Multi-Family Continues to Fire on All Cylinders

Overall, market fundamentals remained healthy. Investor activity has increased significantly in the first half of the year. With 3,100 units delivered in 2015 and an estimated 3,900 units to be completed this year, at what point will supply outpace demand? The pipeline has … Continue reading

Posted in Multi-Family | Leave a comment

Retail Market Healthy Despite Lack of Available Quality Space and Rising Rates

The Twin Cities retail market remained competitive in the first half of the year and retailers continued to expand. Most of the growth was in national or chain retailers, particularly discount stores. Due to high start-up costs and historically high rents, activity for local “mom … Continue reading

Posted in Retail | Leave a comment