North Dakota

Fort Totten Public Schools to Build First Net-Zero Energy School on Tribal Land in North Dakota

by Nellie Day October 18, 2016

FORT TOTTEN, N.D. — Fort Totten Public Schools is planning to build the first net-zero energy consumption school on tribal land in the country. A net-zero school is an energy-efficient building that produces more energy than it consumes every year. Located on the Spirit Lake Reservation, the school will be the first on tribal land and the first in North Dakota. Scheduled for completion in the 2017-2018 school year, the facility will feature classrooms, lab space for six teachers, bathrooms, storage areas and offices. Features contributing to the school’s net-zero status will include solar panels, a ground-source geothermal heating and cooling system, high-efficiency water-to-air heat pumps, energy recovery system for free heating and cooling, variable-speed fans and pumps to minimize excess energy use, occupancy sensors for demand-based lighting, LED lighting, solar tubes for free lighting, specially insulated walls and roofs, and triple pan windows. Construction is slated to begin this month, and the school will be located adjacent to the Four Winds Community School. DSGW is the architect for the project, Obermiller Nelson Engineering is providing mechanical and electrical engineering, and Shingobee Builders is the construction manager.

October 18, 2016

California Colorado Midwest North Dakota Retail South Dakota Western

Ross Stores Opens 34 New Locations, Adds 93 Total Stores in 2016

by Nellie Day October 17, 2016

DUBLIN, CALIF. — Ross Stores has opened 25 Ross Dress for Less and nine dd’s DISCOUNTS stores across 16 different states in September and October. These new locations round out the company’s 2016 expansion plans to add approximately 90 locations during the year. Ross Stores, Inc. is headquartered in Dublin, Calif., with 1,342 stores in 36 states, the District of Columbia and Guam. The company also currently operates 193 dd’s DISCOUNTS in 15 states.

October 17, 2016

Midwest Multifamily North Dakota Seniors Housing Western

IRET Sells Entire Seniors Housing Portfolio to Edgewood Senior Living for $236M

by Nellie Day September 2, 2016

MINOT, N.D. — Investors Real Estate Trust, a publicly traded REIT based in Minot, has entered into six separate sales agreements with Edgewood Senior Living and its affiliates. The deals will result in Edgewood buying 26 IRET-owned seniors housing communities and one standard multifamily community for $236 million. Edgewood already operates 25 of the 26 seniors housing communities. The deal is expected to close before the end of the year. The six separate transactions are organized like so: IRET will sell five seniors housing properties containing 386 rentable units, located in Cheyenne, Casper, and Laramie, Wyo., for a total of $53 million. IRET will sell two seniors housing properties containing 256 rentable units, both located in Hermantown, Minn., forapproximately $36.8 million. IRET will sell four seniors housing properties containing 220 rentable units, located in Virginia, Minn.; Kalispell, Mont.; and Omaha and Hastings, Neb. For approximately $32.3 million. IRET will sell five seniors housing properties containing 514 rentable units, located in East Grand Forks and Brainerd, Minn.; Bismarck and Fargo, N.D.; and Rapid City, S.D., for approximately $71 million. IRET will sell nine seniors housing properties containing 278 rental units, located in North Dakota, South Dakota, Nebraska and Montana, for approximately $28.8 …

September 2, 2016

Midwest North Dakota Retail Western

Dollar General Enters North Dakota With Construction of Five New Stores

by Nellie Day August 22, 2016

OAKES, N.D. — Dollar General has started the construction of five new stores in southeastern North Dakota. The stores are expected to open in spring 2017 and, when completed, will expand the company’s presence to 44 states across the country. Stores are currently under construction in Oakes (Dickey County); Ellendale (Dickey County); Hankinson (Richland County); Hillsboro (Traill County); and Gwinner (Sargent County). These five stores will offer customers the traditional Dollar General store format, which is approximately 9,100 total square feet and 7,400 square feet of sales floor. Construction began on all five stores this summer. Dollar General Corporation operates 13,000 stores as of August 13.

August 22, 2016

Hospitality Midwest North Dakota Western

Holiday Inn Hotel Portfolio in Fargo Trades for $30M

by Nellie Day April 7, 2016

FARGO, N.D. — A locally based private real estate investor has acquired a two-property hospitality portfolio in Fargo for $30 million. The portfolio includes the Holiday Inn and a Holiday Inn Express that contain a total of 387 units. The hotels are situated at the intersection of Interstate 29 and 13th Avenue South, directly across from West Acres Mall, the state’s largest regional mall. The Holiday Inn has undergone more than $10 million in renovations since 2000, including a complete guest room remodel in 2006. Both hotels come with 15-year licenses that expire in 2030. Shane Skubis of Marcus & Millichap represented both the buyer and seller, a Los Angeles-based private equity group, in this transaction. Craig Patterson is Marcus & Millichap’s broker of record in North Dakota.

April 7, 2016

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