Minnesota

ROCHESTER, MINN. — Cushman & Wakefield has arranged the $7.3 million sale of Cascade Apartments in Rochester. Patina Management was the seller, and Black Swan Living was the buyer. Cushman & Wakefield’s Chris Collins, Lance Steiger, Evan Miller and Erin Salway represented Patina in the transaction. Located at 957 Pendant Lane NW, Cascade Apartments was developed in 2016 and is comprised of studios, one- and two-bedroom units. The property, about 4 miles northwest of the Mayo Clinic, features in-unit washers and dryers, electric vehicle charging stations and outdoor gathering spaces. …

PLYMOUTH, MINN. — Bigos Management has sold Medicine Lake Apartments, an 81-unit community on Medicine Lake, approximately 10 miles west of Minnesota. JLL Capital Market’s team representing Bigos was led by Josh Talberg, Joseph Peris and Jack Graveline. The buyer was Weber Organization. Built in 1977, Medicine Lake Apartments offers a 24-hour fitness center, sauna, outdoor pool, multi-sport court and a clubroom as well as 12 private boat slips. The sales price was not disclosed.

ST. PAUL, MINN. — Wolverton Capital has sold The Hill Apartments, a 162-unit community in St. Paul’s Cathedral Hill neighborhood. JLL’s team representing Santa Monica, California-based Wolverton was led by Josh Talberg, Joseph Peris and Eli Smith. The Hill Apartments were built in 2020. Amenities include a pool and hot tub, a business center with a conference room, a clubhouse with a full kitchen, a fitness center and a lobby lounge. According to the Minneapolis/St. Paul Business Journal, the property is valued at $26.8 million and was developed by Edina, …

COON RAPIDS, MINN. — JLL has arranged the sale of Lyra at Riverdale Station, a 180-unit property in the Twin Cities suburb of Coon Rapids. JLL represented the undisclosed seller and secured the buyer, Wisconsin-based MLG Capital. Acquisition financing was secured by MLG assuming the property’s existing HUD loan. Along with Lyra, Aster, an adjacent multifamily property, comprises the residential component of Riverdale Station, a walkable district with retail, grocery and restaurant offerings. JLL’s team was led by Josh Talberg and Joseph Peris.

EDINA, MINN. — Joint venture owners Rise Modular and Soloman Real Estate Group have sold The Eddi at Pentagon Village in Edina, about 10 miles south of Minneapolis, to Oaks Properties for an undisclosed sum. The sellers developed the 202-unit property, breaking ground in 2022. JLL brokered the transaction. The community is situated within the 12.5-acre mixed-use Pentagon Village district. Units are offered as studio, one- and two-bedroom floor plans with an average size of 753 square feet. The Eddi is a wood-frame modular apartment building with 205 modules manufactured …

LAKEVILLE, MINN. — CBRE has arranged the sale of Livery, a 204-unit community in Lakeville, 25 miles south of Minneapolis. Texas-based RPM Living acquired the property from Indiana-based Garrett Cos. for an undisclosed amount. CBRE’s Ted Abramson, Keith Collins and Abe Appert represented the seller in the transaction. Livery is located at 5076 161st St. W. Built in 2023, the townhome community features a range of one-, two- and three-bedroom floor plans averaging 1,117 square feet each with direct-access garages. Amenities include a yoga room with Torch Fitness on demand, …