Minneapolis — A joint venture between CA Residential LLC and Harlem Irving Cos. has broken ground on RISE at Prospect Park, a 530,842-square-foot, mixed-use development located in Minneapolis.
Woodbury, Minn. and Joliet, Ill. — Cronheim Mortgage has arranged two loans totaling $16.9 million to refinance two Gander Mountain stores in the Midwest.
Crystal, Minn. — Paster Properties has acquired a 5,000-square-foot outlot for the development of a retail building with a drive-thru located in Crystal, less than ten miles outside of Minneapolis.
Allentown, Pa. — Allentown-based CrossAmerica Partners LP has agreed to acquire 31 franchise Holiday stores located in Wisconsin and Minnesota from SSG Corp. for $48.5 million.
Richfield, Minn. — Marcus & Millichap has arranged the sale of a 28,208-square-foot retail property in Richfield, a southern Minneapolis suburb.
Eden Prairie, Minn. — HFF has arranged an $86 million refinancing for Eden Prairie Center, a 1.14 million-square-foot super-regional mall in the Minneapolis suburb of Eden Prairie.
Bloomington, Minn. — Crayola will open a 60,000-square-foot Crayola Experience family attraction at Mall of America in summer 2016.
Blaine, Minn. — Transwestern’s Chicago office has brokered the sale of The Village of Blaine Shopping Center located in Blaine.
Brooklyn, Minn. — Robert Bhat, vice president of NorthMarq Capital’s Miami-based regional office, has secured a $13 million commitment for the refinancing of Shingle Creek Crossing Phase III, located in Brooklyn, Minnesota.
Cincinnati — The REIT owns and manages a retail portfolio consisting of 20 grocery-anchored shopping centers totaling approximately 2.3 million square feet.