Commercial Real Estate News for Monday June 4

In Monday’s commercial real estate news – we’ll give you a look at the development in Allianz Field in Minnesota, the homes being built by equity firms and so much more.

Mortenson Will Lead Development Around Allianz Field in Minnesota

One of Minnesota’s largest construction companies has been chosen to spearhead redevelopment of 25 acres embracing Allianz Field, a $250 million stadium in St. Paul, MN that will be home to the state’s professional soccer team, the Minnesota United.

SoCal Cities Tap Craft Beer Craze for Business Buzz

On weekend afternoons, Anaheim Brewery is packed with people laughing and enjoying cold pints. It’s a sign of renewed life in a 1920s-vintage building that once housed a Packard car dealership but was left abandoned to gather dust for years on a prime stretch of Anaheim Boulevard in this Orange County city.

For Sale: A New Home Built by Your Local Private Equity Firm

Encore Capital Management is talking with institutional investors to raise a new fund to buy land and build homes for sale, focusing on affordable, entry-level and senior housing, according to people with knowledge of the matter. The asset manager and real estate developer is seeking to raise $400 million, said the people, who asked not to be named because the talks are private.


Kushner Buys 666 Fifth Stake, Ending Rocky Vornado Partnership

Kushner Cos. is buying Vornado Realty Trust out of 666 Fifth Ave., ending a rocky partnership and failed turnaround attempt for the aging and indebted office tower.


10 Must Reads for the CRE Industry Today (June 4, 2018)

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