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University of North Dakota to Vacate Buildings
The University of North Dakota in Grand Forks is readying to vacate and close up approximately a dozen buildings within the next few years. According to a 438-page master plan released by the school,...
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Investors Real Estate to Exit Senior Housing with $236M Sale
Investors Real Estate Trust (IRET) has entered into six separate agreements with Edgewood Senior Living, for planned disposition of 26 senior housing properties and one multifamily asset. The total...
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Energy Transfer Tries Again – in Louisiana
Less than 24 hours after the U.S. Army Corps of Engineers denied a permit for a controversial pipeline project to run through North Dakota, owner Energy Transfer Partners LP is trying again, in...
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North Dakota Investor Divests MOB Portfolio for $417M
Minot, ND-based IRET is nearing the completion of its strategic transformation through a series of key transactions. That includes divesting non-core assets and focusing on multifamily properties. IRET...
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IRET Exits North Dakota Market with $42M MF Portfolio Sale
Minneapolis-based IRET closed on the sale of its interest in a Williston, ND multifamily portfolio to Weidner Apartment Homes for $42.3 million. IRET owned the majority interest in the Renaissance...
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Construction Financing Secured for $125M Fargo, ND MXU
NKF arranged a $77.2 million construction loan for Block 9, a new $125-million mixed-use development in downtown Fargo, ND. Located at the corner of Broadway and Second Avenue North, the site will be...
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CBL Reveals Plans to Redevelop Bismarck Mall
Shopping center developer CBL Properties unveiled the first phase of redevelopment plans for the former Herberger’s department store at Kirkwood Mall in Bismarck, ND. Roughly 40,000 square feet of the...
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