NEWS

January 19, 2018

Merit Partners Venture buys PV303 land targeted for 4 million square feet of buildings...
Goodyear, AZ – A joint venture formed by Merit Partners Inc. in Phoenix (Kevin Czerwinski, principal) has acquired 366 acres within the PV303 business park in Goodyear that is targeted for roughly 4 million sq. ft. of industrial space. The property, which was sold in nine transactions totaling $30.185 + million ($1.89 per foot blended average), is interspersed along both sides of the Loop 303 (Arizona State Route 303) from Camelback Road on the north to McDowell Road on the south.


November 30, 2017

Jim Stanton’s final condo project “tops out”...
Legacy Lofts is staying on track since the death in June of developer Jim Stanton, the longtime principal of Coon Rapids-based Shamrock Development. One notable addition was made to the project team about a month after Stanton’s death when Plymouth-based Provident Real Estate Ventures came on board to help secure construction financing, said Lynn Leegard, president of Shamrock Development.
READ MORE


April 26, 2017

Just Sold: Horwitz buys bigger plan in New Hope…
Specialty contractor Horwitz has paid $4.9 million for an 86,431 square foot industrial building at 7400 49th Avenue North in New Hope from Provident Real Estate Ventures.
READ MORE


April 5, 2017

Price for Mayo Clinic Square sets records…
The 220,000 SF Mayo Clinic Square at 600 Hennepin Ave, in downtown Minneapolis which was developed by Camelot LLC is 96 percent leased. It became the priciest office space per square foot ever sold in Minneapolis.
READ MORE


August 12, 2016

Top Projects of 2015 series: Mayo Clinic Square…
The transformation of Block E to Mayo Clinic Square, located at 600 Hennepin Avenue in downtown Minneapolis, was a rewarding accomplishment says Phillip Jaffe, Managing Partner with Camelot LLC. Mayo Clinic Square, which fills an entire city block, will be home to some high profile tenants like Mayo Clinic Sports Medicine, the Timberwolves, the Minnesota Lynx along with restaurants and other retailers to service the downtown market.
READ MORE


September 30, 2015

2015 NAIOP Awards of Excellence Recipient for Mayo Clinic Square (Minneapolis) Repositioned/Renovated…
READ MORE


September 10, 2015

HDR will relocate St. Paul office to Mayo Clinic Square…


April 8, 2015

Waterford Plaza Shopping Center Sold for $19.5M…
Phillips Edison Grocery Center REIT II Inc. on Monday purchased Waterford Park Plaza, a 127,600-square-foot retail center in Plymouth. The Cincinnati-based buyer paid $19.5 million to Plymouth-based seller Provident Real Estate Ventures.
READ MORE


March 27, 2015

Provident expands portfolio in Eden Prairie…
Provident Real Estate Ventures has gained control of five Eden Prairie industrial buildings. The properties total 371,000 square feet and are all single-story office/warehouses built in the 1980s and 1990s.
READ MORE


August 6, 2014

PCCP Provides $43.1 Million Loan to Mayo Clinic Square in Minneapolis…
Mayo Clinic Square – PCCP, LLC Provides $43.1 Million Senior Loan to Provident Real Estate Ventures, LLC for the renovation and repositioning of Mayo Clinic Square in Minneapolis Minnesota.


April, 2014

Timberwolves Tour Mayo Clinic Square...
The Timberwolves players and coaching staff were able to get a tour of their new Training Center.
READ MORE


February 8, 2014

Block E to be renamed to Mayo Clinic Square…
Block E co-founder Philip Jaffe said. “We didn’t want to fill up the building with just anyone. The world-renowned medical center, Mayo Clinic, will open a sports medicine facility as part of a partnership with pro basketball’s Minnesota Timberwolves and Lynx, which will move their practice facilities to the retail complex this fall.
READ MORE


December 27, 2013

Phillip Jaffe named Top 12 to watch in 2014…
The Business Journal’s news staff chose 12 business and community leaders who we think will play a major role in shaping the local economy. Phillip Jaffe, partner of Provident Real Estate Ventures, Plymouth, Chief Manager of Block E in downtown Minneapolis on behalf of Block E’s owners is one of the top 12.
READ MORE


November 25, 2013

Block E To Undergo Major Renovation By Late 2014…
Provident Real Estate Ventures and its management partners purchased the property in 2010 with a new plan in place to bring some life to the desolate area in downtown Minneapolis.
READ MORE


September 4, 2013

Provident Real Estate Ventures Acquires Navarre Building...
Phillip Jaffe and Irv Kessler's new investment firm, Provident Real Estate Ventures, has bought the 86,400-square-foot New Hope industrial building occupied by Navarre Corp. for $5 million.
READ MORE