Envy Apartment

Minneapolis, MN, Aug. 16, 2017 (GLOBE NEWSWIRE) -- Sons of Norway has announced its agreement with Ryan Companies US, Inc. and Weidner Apartment Homes for the sale and redevelopment of their land parcel in South Minneapolis . The land parcel is located on Lake Street between Holmes and Humboldt avenues and is in the heart of the Uptown neighborhood .  Considered to be a marquee location , this property has been home to the International Headquarters of Sons of Norway since 1962.  Once complete, the Sons of Norway plans to continue business operations on the site including their financial services and international cultural organization .  “After an extensive process to ensure the highest and best use of our primary asset, the clear choice was to sell the property that has served us so well,” said Eivind J. Heiberg, CEO Sons of Norway.  “Considering market conditions in the Uptown neighborhood and the challenges of an aging facility, it was time to make the most forward-thinkin...

See more of the story Fifty-five years ago this month, the Sons of Norway dedicated a new international headquarters in the Uptown neighborhood of Minneapolis. Now, they're selling it to be torn down. Ryan Companies and Weidner Apartment Homes will purchase the building and its city block, on Lake Street between Holmes and Humboldt avenues, from the organization of descendants of Norwegian immigrants. They plan to demolish the building and redevelop the site, though plans are still forming. A Ryan executive attended a neighborhood meeting Monday night to get feedback from neighbors before polishing up their ideas. "We're going to really pay attention to the context and really listen to the stakeholders," said Tony Barranco, vice president of real estate development for Ryan. He said he expects there will be more than one new building on the block and a mix of residential, commercial and retail uses. The final shape, massing and composition of the buildings will b...

Brookwood Village, the largest community in the state of Oklahoma, traded for $60.5 million. ARA Newmark worked on behalf of the seller—Case & Associates—according to Yardi Matrix data . Weidner Apartment Homes , a real estate investment and management company, purchased the 1,128-unit asset that last traded 18 years ago for $31.3 million, or $27.704 per unit.    Located at 9401 South Shartel Ave ., the property is less than four miles from the junction between interstates 240 and 35, approximately 11 miles from downtown Oklahoma City and within a 12-minute drive from the Will Rogers World Airport . Planet Fitness, Goodwill and other major retailers border Brookwood Village . Value-add potential Built in 1970 and renovated extensively in the mid 1990’s and again in 2015 and 2016, the garden- style property features 120 studios , 460 one-, 540 two- and eight three-bedroom units. Apartments range from 564 square feet to 1,200 square feet. Amenities include nine swimming pools, si...

Sons of Norway has agreed to sell its headquarters on West Lake Street in Uptown to Ryan Companies and Weidner Apartment Homes .   The transaction includes a 60,000-square-foot building and a large surface parking lot . No monetary details were included in the announcement.   Minneapolis-based Ryan and Weidner, which has an office in Minnetonka but is based in Kirkland, Washington, paid an undisclosed amount for the property.   “After an extensive process to ensure the highest and best use of our primary asset, the clear choice was to sell the property that has served us so well,” said Eivind J. Heiberg, CEO of Sons of Norway, in a statement. “Considering market conditions in the Uptown neighborhood and the challenges of an aging facility, it was time to make the most forward-thinking decision for the long-term health of our organization, employees and community.”   The fraternal life insurance company , which also operates as a No...

The Sons of Norway, a financial services and cultural organization, has struck a deal with Ryan Cos. US Inc. and Weidner Apartment Homes for the sale and redevelopment of its property in Minneapolis’ popular Uptown neighborhood. Under the agreement, announced Wednesday, the Sons of Norway will continue to have a business and cultural presence at the ... Enter your user name and password in the fields above to gain access to the subscriber content on this site. Your subscription includes one set of login credentials for your exclusive use. Security features have been integrated on this site: If someone signs in with your credentials while you are logged in, the site will automatically close your ongoing login and you will lose access at that time. To inquire about group subscript...