Blog / News
Simek Property Group Continues to Grow Their Retail Presence with Purchase of Riverdale Market in Coon Rapids
St. Paul, MN, September 3, 2021 – Simek Property Group purchased Riverdale Market for $4,450,000 in an off-market deal as part of a 1031 Exchange. The 18,102 square foot retail center built in 2006 is [...]
Simek Property Group Expands Retail Presence with Acquisition of Parkway Plaza in Minneapolis
St. Paul, MN, July 7, 2021 – Simek Property Group purchased Parkway Plaza for $6,200,00 as part of a 1031 Exchange. The 37,426 square foot retail center built in 1998 is located at 4701-4751 Hiawatha [...]
Simek Property Group Sells Fourth Apartment Complex This Year as They Focus On Acquiring Larger Properties
St. Paul, MN, July 1, 2021 – Simek Property Group sells their fourth apartment property this year in a 1031 Exchange. Parkway Flats, located at 931-945 St. Paul Avenue in the Highland Park neighborhood, recently [...]
Simek Property Group Sells Their Third Apartment Property This Year
Minneapolis, MN, May 18, 2021 – Simek Property Group completes another apartment property transaction with the sale the Flats at Emerson for $3,724,000. This 28-unit property is located at 3441 Emerson Avenue South in Minneapolis. [...]
Simek Property Group Breaks Ground on Villas at Pleasant, a 32-Unit Single-Story Housing Development in Hastings, MN.
Hastings, MN, April 21, 2021 – Simek Property Group held a ceremonial groundbreaking for Villas at Pleasant on Friday, April 17, 2021 in Hastings, MN. Villas at Pleasant, an Epcon community, will feature 32 single-story [...]
Simek Property Group Announces First Epcon Community
HASTINGS, MINNESOTA (2/5/21) – Simek Property Group has announced Villas at Pleasant, its first Epcon community, located in Hastings. Villas at Pleasant will feature 32 single-story homes from 1,500 to 3,000 square feet. Prices will [...]
Eleven condo tower is half-sold already, condo reps say
The Eleven condominium tower, a 41-story project going up on the banks of the Mississippi River near downtown Minneapolis, won't be finished until next year. But more than half of the units already have buyers. [...]
Minneapolis’ Tallest Luxury Condo Tower Breaks Ground
Setting a record for the state, the 41-story high-rise has received nearly $190 million in financing from Related Fund Management and Bank OZK. Construction has begun on Eleven, a 41-story, 118-residence luxury condominium that will [...]
Upzoning: Building More to Rent for Less
A few U.S. cities are overhauling zoning rules to increase density and expand the supply of affordable housing. It might take years, however, to find out if significant improvements were made. Rezoning or “upzoning” of entire [...]