Minneapolis, MN
ElseWarehouse apartments in Minneapolis sell for $40.25M
The ElseWarehouse, a 100-year-old converted apartment building in Minneapolis’ North Loop, traded hands between its developer and a North Dakota company, according to a press release from Colliers.
Great States Development bought the historic apartments in a deal worth $40.25 million, according to a certificate of real estate value. The purchase was a 1031 exchange for Great States.
Greco renovated the building at 730 Washington Ave. N. in the early 2010s according to the press release, utilizing adaptive reuse to turn the 1920s warehouse into a series of 116 apartments, which consist of one-, two- and three-bedroom units.
The price works out to nearly $347,000 per unit. That is about $42,000 more than the per-unit price of the North Loop’s Maverick Apartments’ $304,761, which was the most expensive per-unit sale of 2024. The Maverick sold last year in a deal also arranged by Colliers for a total of $51.2 million.
According to Great States website, the Fargo-based company has 5,000 units under its management. Scott Houle, the vice president for Great States, called the property iconic.
“This building not only represents the rich architectural heritage of the area but also aligns perfectly with our vision of creating exceptional spaces where people can live, work and thrive,” he said.
The deal was arranged by Colliers’ Mox Gunderson, Dan Linnell, Devon Dvorak and Adam Haydon.
Gunderson, an executive vice president for Colliers, said the North Loop is one of the most sought-after neighborhoods in the metro, and brings in some of the highest rents in the city. He said that the buyer had been eyeing the North Loop for a while. The property also features 16,000 square feet of retail space.
“You’ve got five retail tenants, almost 16,000 square [feet] of retail in the building that is mainstays along Washington Avenue,” he said. “It’s really a timeless asset.”
Gunderson said Greco decided to sell the property mostly because of the loan maturity on the building, opting to sell rather than refinance. Gunderson said there were eight bids on the property.
Great States is a long-term owner, according to Gunderson, and besides potential light apartment upgrades in the future he doesn’t think there will be many changes to the property.
Finance & Commerce previously reported on the listing for the property in late September. Greco had listed both ElseWarehouse and the Copham, another North Loop property with 120 units and seven stories.
North Loop’s Maverick Apartments’ sale price lower than in 2022
Three North Loop apartments up for sale
Minneapolis, MN
North Loop restaurant sends urgent plea to customers to come back to downtown Minneapolis
In a popular night spot like Minneapolis’ North Loop, it may come as a surprise to learn there are struggling restaurants there, but the owners of Dario said that is their new reality.
For two years, Dario has been serving up homemade pasta and cocktails.
“We’re not going to last much longer, nor are any of the other places you like to frequent, if we don’t get out here and try to experience these places,” said Stephen Rowe, Dario’s co-owner and beverage director.
Rowe and Executive Chef Joe Rolle recently sent a message to those on the restaurant’s e-mail list, writing that the recent U.S. Immigration and Customs Enforcement surge, combined with a challenging winter season, has caused a nosedive in reservations. They’re asking for customers to come back downtown.
“Like everybody else who owns a business around here and in the city, it’s just kind of like a gut punch,” said Rowe.
Customers, in particular from the suburbs, haven’t been coming in as much, Rolle said.
“They see a lot of things online, they see things on TV,” said Rowe.
“No one thought that North Loop was really affected, but we were,” said Mary Binkley, president of the North Loop Neighborhood Association.
Binkley said the past few months have been tough for North Loop restaurants.
“January and February were certainly heavy and that’s because people were spending their restaurant dollars elsewhere, in immigrant-owned restaurants, restaurants in neighborhoods where there was more ICE activity,” said Binkley.
Recently, foot traffic has been steadily improving in the neighborhood, Binkley said. With St. Patrick’s Day and Minnesota Twins games right around the corner, she said she is confident people will return.
“This is a place in a two-block radius where a lot of everyone’s favorite restaurants are,” said Binkley.
Dario’s owners said they have been forced to cut back on hours and shifts for employees. Meanwhile, they’ve launched lunch service on Thursdays and catering with the hopes of boosting business and saving the jobs of their 80 employees.
“A restaurant can take, you know, one or two bad weeks, but we’ve all had eight bad weeks in a row, so we’ve got a lot of digging out to do,” said Rolle.
Minneapolis, MN
Remembering Joshua Denstedt: A Life Full Of Grilling And Outdoor Adventures
April 21, 1993 – February 27, 2026
Via Miller-Carlin Funeral Home
Joshua James Denstedt, age 32, unexpectedly passed away on February 27, 2026.
Joshua was born on April 21, 1993, in, Fridley, Minnesota. He later made his home in Minneapolis, where he spent much of his life.
Joshua will be remembered by those who knew him for his presence, his experiences in life, and the memories shared with family and friends. Joshua loved grilling,cooking, spending time out side working on cars . He loved his cat katie.
He is survived by his father, Sam Denstedt and his sister Samantha Denstedt and his niece sara Barrows.
Joshua was preceded in death by his mother, Cheryl Thoreson.
Family and friends who knew Joshua are encouraged to remember him in their own way and keep his memory close in their hearts.
Details regarding services or memorial gatherings may be announced by the family at a later time.
Minneapolis, MN
MN weather: Bright with highs in the 50s Monday
Expect a pleasant Monday with light breezes, filtered sunshine, and highs in the 50s. Temperatures cool into the 40s this week with chances for rain and snow. FOX 9 meteorologist Cody Matz has the full forecast.
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