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Twin Cities Commercial Real Estate Market is Ranked Tops in Midwest

11.17.2017

Star Tribune

Boosted by the strength of the local economy, investor demand, senior housing and other key criteria, the Twin Cities metro area earned the No. 1 ranking as the Midwestern commercial real estate market with the best outlook heading in 2018, according to a new survey. Nationally, the Twin Cities area was slotted at No. 25 in the annual Emerging Trends in Real Estate report issued last week by t…

MN Snapshot: Rochester developer tests Mankato market

11.01.2017

Finance & Commerce

MN Snapshot: Rochester developer tests Mankato market By: Anne Bretts October 26, 2017 7:00 am Editor’s note: Minnesota Snapshot reports interesting sales and development projects happening throughout Minnesota. The transactions are based on the certificates of real estate value filed with the state Department of Revenue, copies of which are available with the story here. …

Hornbacher's to Open New Grocery Store in West Fargo Image

Hornbacher's to Open New Grocery Store in West Fargo

09.21.2017

West Fargo Pioneer

WEST FARGO—After the city tried for years to develop what was long dubbed the "Strawberry Patch" in the northwest corner of Sheyenne Street and Interstate 94, West Fargo's first Hornbacher's grocery store will soon find a home there. Oppidan Investment Co. plans to break ground this fall on 15.5 acres of land that will become home to a nearly 61,000-square-foot Hornbachers store th…

The Senior Housing Boom’s Ripple Effect Image

The Senior Housing Boom’s Ripple Effect

08.16.2017

MHN Multi-Housing News

The Senior Housing Boom’s Ripple Effect Assisted living occupancy fell to its lowest in eight years, despite record absorption, according to NIC’s 2017 second quarter report. San Jose had the highest occupancy, while Detroit recorded the biggest rent growth by Ariela Moraru | Aug 15, 2017 Demand for senior housing will more than double between now and 2040, according to t…

Aldi's Next Minnesota Target: Waconia

08.04.2017

Minneapolis/St. Paul Business Journal

Discount grocer Aldi has its sights set further west for another Minnesota location. The German retailer wants to open a 22,000-square-foot store in Waconia at the southeast corner of Highway 5 and W. 10th St., according to documents submitted to the city. Excelsior-based Oppidan Investment Co. purchased the 1.8-acre parcel of land in March and will work with Aldi to develop the store. Constr…

Chef Erick Harcey Joins Oppidan Development Near Minnehaha Park

07.12.2017

Minneapolis/St. Paul Business Journal

Oppidan Investment Co. will add a restaurant run by James Beard Award nominee Erick Harcey to its south Minneapolis mixed-use development. The restaurant would be part of a five-story mixed-use development proposed by Excelsior-based Oppidan at 46th Street and Hiawatha Avenue, a few blocks from Minnehaha Park. The Business Journal wrote about the project, which also includes 150 apartments and…

A rendering of Oppidan's planned senior living complex in the Prospect Park neighborhood of Minneapolis.

Oppidan Plans $75 Million Senior Housing Development in Prospect Park

04.10.2017

Minneapolis/St. Paul Business Journal

Developers can’t seem to build senior housing fast enough and they can’t seem to build in Prospect Park fast enough. Oppidan Investment Co. is doing both in one project. The Excelsior-based developer has submitted plans for a 285-unit senior housing complex that will stand six and 10 stories at the corner of University and Malcolm avenues. The ground floor would have a 6,200-squar…

Developer Oppidan Pursues $400 Million Senior Housing Pipeline

03.29.2017

Senior Housing News

Retail Developer Oppidan Pursues $400 Million Senior Housing Pipeline March 29, 2017 by Tim Mullaney This coverage of the 2017 National Investment Center for Seniors Housing & Care Spring Investment Forum is brought to you by Mainstreet. As the nation’s largest developer of transitional care properties, Mainstreet specializes in real estate development, value investments and hea…

Oppidan Sells Red Rock Senior-living Complex Built in Woodbury Image

Oppidan Sells Red Rock Senior-living Complex Built in Woodbury

03.07.2017

Minneapolis/St. Paul Business Journal

The Red Rock Senior Living complex, a facility built by Oppidan Investment Co. two years ago in Woodbury, has been sold to an Ohio-based investment firm that specializes in seniors housing, assisted living and medical offices. Finance & Commerce reports on the $22 million deal between Excelsior-based Oppidan and EPC Woodbury, which is affiliated with Toledo, Ohio-based Welltower Inc. Wellt…

New Oppidan Development to Meet Rising Need for Senior Housing in Shorewood

08.11.2016

Anderson Companies

Senior living has been on the rise in the Twin Cities over the last three years. It comes as little surprise; baby boomers aren’t only downsizing, they’re considering and planning for how their needs will evolve as they age. But breaking from the tradition of fleeing to other climates, large numbers of boomers/seniors want to continue living in the communities in which they have wel…

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Media Inquires Contact: mary@maryjprevost.com