Live Breaking News & Updates on Northpoint Development Group

Despite all odds, the industrial sector may have seen a record-setting year in 2020.
New York-based Blackstone Real Estate Investment Trust acquired a 59-building portfolio in April in a deal that may be the largest commercial real estate transaction ever in the Twin Cities.
Individual industrial transactions were topped by MetLife Investment Management’s $118.7 million purchase of the Amazon fulfillment center in Shakopee. This was one of the largest individual industrial sales over the past two years.
According to the most recent report from CBRE, Minneapolis’ industrial market transaction activity increased by 11% from the second to third quarter this year. Its vacancy rate was another positive signal to the market, holding steady at 4.6%. ....

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