Hillcrest to host and present to the Wisconsin Real Estate Alumni AssociationMarch 28, 2013
WREAA Minneapolis Region
Buying From a Special Servicer
Pentagon Park – The Buy, the Planned
Redevelopment and a Tour
Thursday, April 18th, 2013
Presentation by Scott Tankenoff, Managing Partner of Hillcrest Development
Mark Rauenhorst, Founder of Marren Properties
4:30-5:30 PM Presentation & Tour Pentagon Park
4600 W. 77th St.
Park outside building.
Happy Hour to follow
3849 Gallagher Dr.
Free for 2013
Tankenoff a Panelist for MNCAR April updateMarch 28, 2013
|Event Name:||4/25 – Developer Update 2013|
|When:||April 25, 2013 3:30 PM - 5:00 PM|
|Where:||Showplace ICON Theater at West End, 1625 West End Blvd, St Louis Park, MN (View Map)|
|Cost:||Member: $40.00 Non-Member: $40.00|
Updates on local developments featuring Dave Jellison of Liberty, Dave Menke of Opus, Scott Tankenoff of Hillcrest Development; moderated by Dan Gleason of Cushman & Wakefield/NorthMarq.
Scott Tankenoff to speak at Edina Emerging Leaders 4th Annual Business Leaders PanelMarch 28, 2013
City of Edina Emerging Leaders 4th Annual Business Leaders Panel
Date: April 11, 2013
Time: 11:30 AM – 1:00 PM
Registration: Register Online
All chamber young professionals are invited to hear from three speakers representing a variety of industries as they share their professional story and words of wisdom.
Panelists: Jay Abdo, CPA, Senior Partner; Abdo, Eick & Meyers, LLP Michele Tafoya, Sideline Reporter; NBC Sunday Night Football Scott Tankenoff, Managing Partner; Hillcrest Development, LLLP.
Ex-school center draws developersMarch 27, 2013
School employees couldn’t wait to move out of their rattrap headquarters in northeast Minneapolis. Developers can’t wait to get at the vintage building. “You never say you’ve seen it all…but we have done some very challenging projects environmentally,” said Hillcrest Managing Partner Scott Tankenoff. That includes renovating former battery and linseed oil factories. The task force noted that Hillcrest brings the advantage of self-financing its ventures.
Are ‘B’ Buildings Poised for a Rebound?March 15, 2013
The beleaguered B office market has struggled to climb out of the steep real estate recession. This could be a year when that momentum finally begins to shift in favor of B buildings. “There are a lot of people with their head in the sand waiting for things to get better, says Scott Tankenoff. “Those owners that are going to be effective this year will need to be proactive and invest in their properties today.”
Hillcrest has new plans (and some choice put-downs) for Pentagon ParkJanuary 17, 2013
Hillcrest Development is betting big on Pentagon Park, buying the portion of the dilapidated Edina office complex it didn’t already own with aims to recreate the troubled property.
Outdated Office Park Gets New Lease on LifeJanuary 17, 2013
Pentagon Park, one of the first suburban office parks in the state, has a new owner with ambitious plans to redevelop the long-troubled Edina property.
Met Council Awards 2013 Clean Up GrantsJanuary 10, 2013
Amongst the three largest grants: $568,000 for cleanup at 4530, 4550, 4600, and 4620 West 77th Street, Edina. The cleanup work is part of an overhaul of the Pentagon Park office park being pursued by Minneapolis-based Hillcrest Development.
Hillcrest Development named in Top 25 Commercial DevelopersJanuary 1, 2013
Twin Cities Business Magazine named Hillcrest Development 5th among the top 25 commercial developers in 2012. Companies are ranked by square feet developed in the last five years.
Hillcrest Closes Deal for part of Pentagon ParkSeptember 29, 2012
Northeast Minneapolis and Edina may seem like two different worlds. But Hillcrest Development, based in Northeast Minneapolis and known for its urban redevelopment projects, has big designs on the complicated, long-troubled Pentagon Park office park near Highway 100 and Interstate 494 in Edina.
Hillcrest buying Edina’s Pentagon ParkSeptember 21, 2012
A 15-building, 680,000-square-foot office campus in Edina called Pentagon Park is about to have a new owner after years of languishing in foreclosure.
Metropolitan Council Awards Brownfield Cleanup GrantsJune 29, 2012
The Metropolitan Council has approved $2.4 million worth in grants of cleanup work at 13 area development sites.
Cleaning up Blighted Property Just got More DifficultJune 19, 2012
The Hennepin County Environmental Response Fund grant program, supported by the mortgage registry and deed tax, did not receive an extension past January 1, 2013 during the recent legislative session.
Building On QualityMarch 11, 2012
For its annual competition, the National Association of Industrial and Office Properties (NAIOP) Minnesota chapter chose seven commercial properties to honor.
FROST named Winner in 2011 NAIOP Awards of ExcellenceJanuary 26, 2012
Makeover mastersNovember 11, 2011
A couple of rundown blocks with empty restaurants are getting a fresh look from a veteran developer. Northeast-based Hillcrest Development plans to buy the former Burger King at 1717 Central Ave. NE, as well as the old Totino’s corner at 523 Central Ave. NE.
New Hope Warehouse Cleaned Up, RenovatedOctober 28, 2011
The building was falling down, full of lead contamination and not to mention, unattractive…a blight on the city and the surrounding neighborhood. Now the City of New Hope is celebrating the rebirth of a warehouse with an Open House on November 3rd.
New projects on menu for HillcrestSeptember 8, 2011
Minneapolis-based Hillcrest Development has always had an appetite for down-on-its-luck real estate. Now the company is rolling up its sleeves to tackle two former restaurant sites. Two weeks ago, Hillcrest closed on its purchase of 519 Central Ave. N.E. in Minneapolis, home to the former Totino’s Italian Kitchen.
A blank canvasSeptember 1, 2011
The pristine white space that houses the offices of furniture company Blu Dot was used to assemble airplane wings during World War II. It is a warehouse that boasts lofty 60-foot ceilings, large clerestory windows, and…not much else.
A new hope for blighted Burger KingFebruary 28, 2011
NORTHEAST PARK – The empty Burger King at 17th and Central is under contract with a buyer looking to redevelop the corner, according to the site’s listing agent. What the buyer wants to build is not yet known, however – the parties are bound to silence as part of the purchase agreement, and the city hasn’t yet received a land use application. The closing is expected in six months.
A new scent in the air in NortheastOctober 1, 2010
Central and Broadway – The smell of linseed oil near Central & Broadway is being replaced this fall with the milder scent of artist studios and research firms. “Longer than a year-and-a-half ago, there was a horrible smell in Northeast Minneapolis,” said Scott Tankenoff, managing partner of Northeast-based Hillcrest Development. “I could smell it in this office a mile-and-a-half away.”
Cleaning up pollution, creating jobsJuly 3, 2010
A legacy of industrial pollution and the specter of a costly and lengthy environmental cleanup can be show stoppers for developers, particularly when trying to secure private financing for a project.Â With the Crown Center development in Northeast Minneapolis, Hillcrest Development saw a true diamond-in-the-rough opportunity.Â the complex, a conglomeration of interconnected buildings with significant environmental contamination issues and illegal and unsafe uses, presented a daunting challenge.
Banks shied away, but project is on trackNovember 6, 2008
Scott Tankenoff, the developer behind the resurrection of the former Crown Iron Works site near the rebounding intersection of N.E. Broadway and Central Avenue in Minneapolis, envisions up to 250 new jobs at the complex and an adjacent site within a year or so. Tankenoff’s Hillcrest Development, which specializes in born-again properties, self-financed nearly $8 million worth of acquisition and redevelopment costs.
Crown Center RevitalizationNovember 3, 2008
Until this year, the Crown Iron site near Central and Broadway Avenues in Northeast Minneapolis was an unattractive and underutilized property. The extensive contamination was deterring reinvestment and redevelopment of the site. However, because of the unique collaboration between Hillcrest Development, the City of Minneapolis and Braun Intertec, the property has been transformed into the Crown Center, a property credited to bringing more than 100 jobs to the area.