Minnesota

Angelo_Ben

Minnetonka, Minn. — The Opus Group has promoted Ben Angelo to senior vice president of real estate development. In his new role, Angelo will lead the Minnetonka, Minnesota-based firm’s student living division. His responsibilities will include sourcing and pursuing new markets and opportunities; overseeing new development projects; and feasibility and financial analysis. Angelo joined Opus in 2016 and has over 20 years of experience in commercial real estate. “Since joining Opus, Ben has been instrumental in the growth of our student living portfolio,” says Executive Vice President Matt Rauenhorst. “We …

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The_Standard_at_Dinkytown_Rendering

Minneapolis — Landmark Properties is undertaking its first development project in Minnesota, a 1,021-bed student housing community located within walking distance of the University of Minnesota in Minneapolis. Named The Standard at Dinkytown, the project will offer several floor plans ranging from studios to five-bedroom units with 30 affordable housing units. Rental rates at the property will include cable, internet, trash and all furniture. Amenities will include an outdoor pool area with a jumbotron, sun deck, cabanas, outdoor grilling stations and rooftop hot tub as well as a fitness center, clubhouse, gaming …

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Stadium Village

Minneapolis — JLL Capital Markets has brokered the sale of Stadium Village Apartments near the University of Minnesota for $25 million. Originally constructed in 1960, the 121-unit student housing property is located at 1015 Essex St. within the Stadium Village neighborhood. Floor plans range from studios to two-bedroom units. Stewart Hayes, Josh Talberg, Dan Linnell, Mox Gunderson, Scott Clifton, Teddy Leatherman and Riley McChesney of JLL represented the seller. Buyer and seller information was not disclosed.

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Minneapolis — Grandbridge Real Estate Capital has arranged a $35.4 million refinancing for The Arrow Apartments, a 199-unit community located near the University of Minnesota in Minneapolis. Chris Perry, Brett Olson and Joe Lindberg of Grandbridge originated the permanent, fixed-rate loan, which was funded through an undisclosed credit union. The financing offers an initial period of interest-only payments with a five-year term and 30-year amortization schedule. The Arrow Apartments offers shared amenities including a fitness center, multiple study rooms, a printing center, rooftop deck and a 24-hour fitness center. 

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