Minnesota’s commercial real estate industry combines various components, including property management, leasing, construction, and development. Companies in this field serve different sectors like healthcare, retail, and industrial, striving to optimize space usage and societal impact. Areas such as Minneapolis and St. Paul are bustling hubs for numerous well-established firms. As companies embrace technological advancements and sustainable practices, the landscape is poised for substantial growth. The demand for innovative spaces catering to evolving work-life dynamics defines the future direction, establishing Minnesota as a focal point for both traditional investments and modern real estate solutions.


This list features 19 notable commercial real estate companies based in Minnesota, varying in size from small firms to large corporations. Companies like Ryan Companies US, Inc. and Sherman Associates have secured a strong foothold, specializing in sectors such as healthcare, multi-family housing, and commercial developments. Founded between 1938 and 2021, these firms showcase a blend of experience and fresh perspectives, indicating a vibrant market eager to adapt to economic and societal shifts.


Read on to discover top commercial real estate companies in Minnesota.


Top 19 Commercial Real Estate Companies in Minnesota


1. Ryan Companies US, Inc.

  • Website: ryancompanies.com
  • Ownership type: Corporate
  • Headquarters: Minneapolis, Minnesota, United States (USA)
  • Employee distribution: United States (USA) 100%
  • Latest funding: August 2022
  • Founded year: 1938
  • Headcount: 1001-5000
  • LinkedIn: ryan-companies-us-inc-

Ryan Companies US, Inc. is a prominent construction and real estate development firm based in Minneapolis, Minnesota. Established in 1938, the company has built a strong foundation in commercial real estate services. They provide a wide array of offerings, including construction, architecture, development, and real estate management. Their expertise spans multiple sectors, such as healthcare, industrial, life sciences, and retail, allowing them to tackle complex projects that require a nuanced understanding of the market. Ryan Companies is known for its commitment to quality and community engagement, often working closely with clients to ensure that projects not only meet functional needs but also enhance the surrounding environment. Their portfolio includes notable projects like the Downtown East development in Minneapolis and the Kirkland Urban project in Washington. With a workforce of nearly 1,800 employees, Ryan Companies continues to play a significant role in shaping commercial spaces across the United States.


2. Frauenshuh, Inc.


Frauenshuh, Inc. is a Minneapolis-based real estate services firm that has been operational since 1983. With a workforce of around 61 employees, the company specializes in commercial and healthcare real estate solutions. Their service offerings include property management, leasing, project management, and facility building services. This breadth of services allows them to assist businesses and organizations in optimizing their real estate assets effectively. Over the years, Frauenshuh has built a reputation for professionalism and integrity, focusing on creating long-term relationships with clients. Their experience spans over four decades, during which they have developed a unique process that prioritizes client needs and delivers tailored solutions. The firm is also involved in philanthropic efforts, reflecting a commitment to community engagement alongside their business operations.


3. Caspian Group

  • Website: caspianrealty.com
  • Ownership type: Private
  • Headquarters: Edina, Minnesota, United States (USA)
  • Employee distribution: United States (USA) 94%, Kazakhstan 6%
  • Founded year: 2015
  • Headcount: 11-50
  • LinkedIn: caspiangroupmn

Caspian Group, based in Edina, Minnesota, is a private real estate brokerage that specializes in commercial real estate services. Established in 2015, the company focuses on assisting buyers, sellers, tenants, and landlords in navigating the commercial property market. Their services include property management, investment maximization, and strategic market analysis. The firm prides itself on its extensive professional network and a team with over 50 years of combined experience in the industry. This expertise allows them to provide customized solutions that cater to the specific needs of their clients. Caspian Group operates primarily in the United States, with a small presence in Kazakhstan, reflecting their localized focus on the Minnesota market. They have not reported any funding, indicating a self-sustaining business model that relies on their operational capabilities and client relationships.


4. Cushman & Wakefield NorthMarq


Cushman & Wakefield NorthMarq, based in Bloomington, Minnesota, is a commercial real estate services firm that has been operational since 1916. The company specializes in a variety of services including agency leasing, asset services, and valuation advisory. They cater to a wide range of clients across multiple industries, helping businesses navigate the complexities of the real estate market. With a workforce of around 501-1000 employees, Cushman & Wakefield NorthMarq is well-equipped to handle various real estate needs, from leasing and sales to project development and tenant representation. Their commitment to providing insights and market reports further demonstrates their active involvement in the commercial real estate sector, making them a relevant choice for clients seeking expertise in this field.


5. Sherman Associates

  • Website: sherman-associates.com
  • Ownership type: Private
  • Headquarters: Minneapolis, Minnesota, United States (USA)
  • Employee distribution: United States (USA) 100%
  • Latest funding: $350.0M, February 2021
  • Founded year: 1979
  • Headcount: 501-1000
  • LinkedIn: sherman-associates

Sherman Associates, Inc. is a Minneapolis-based real estate development firm that has been active since 1979. The company specializes in creating quality living spaces and commercial environments, with a focus on residential, commercial, and hospitality projects. Their portfolio showcases a commitment to urban development, having completed over 12,000 residential units and 770,000 square feet of commercial space. Sherman Associates is known for its innovative approach to development, often engaging in public-private partnerships to revitalize neighborhoods and transform city blocks. The firm has also made strides in sustainability, incorporating green initiatives into many of its projects. With a recent funding round of $350 million in 2021, Sherman Associates continues to expand its impact in the real estate sector, demonstrating a strong commitment to meeting the evolving needs of communities.


6. Northmarq

  • Website: northmarq.com
  • Ownership type: Private
  • Headquarters: Minneapolis, Minnesota, United States (USA)
  • Employee distribution: United States (USA) 100%
  • Founded year: 1960
  • Headcount: 1001-5000
  • LinkedIn: northmarq

Northmarq is a commercial real estate investment firm based in Minneapolis, Minnesota, with a history dating back to 1960. The company specializes in providing a range of services including investment sales, financing, and loan servicing tailored to the needs of clients in the commercial real estate sector. With a dedicated team of over 1,200 professionals, Northmarq operates from more than 50 offices across the United States, offering localized expertise combined with a national perspective. The firm has successfully facilitated transactions totaling $52 billion in recent years and manages a servicing portfolio valued at $76 billion. Northmarq is also committed to community engagement, actively participating in initiatives that address issues such as affordable housing and homelessness. Their focus on philanthropy and diversity in the workplace further enhances their reputation within the industry.


7. Hempel Real Estate

  • Website: hempelcompanies.com
  • Ownership type: Private
  • Headquarters: Eden Prairie, Minnesota, United States (USA)
  • Employee distribution: United States (USA) 100%
  • Founded year: 2001
  • Headcount: 11-50
  • LinkedIn: hempel

Hempel Real Estate, based in Eden Prairie, Minnesota, is a commercial real estate firm that specializes in the acquisition, development, and management of properties primarily in the Midwest. Established in 2001, the company has successfully managed over $1 billion in transactions, showcasing its capability in handling various asset types, including office, retail, and multi-family properties. Hempel is known for its innovative approach to real estate, particularly in turnaround projects that breathe new life into underperforming assets. The firm provides a comprehensive suite of services, including tenant and landlord representation, property management, and investment strategies. Their commitment to enhancing communities through strategic development and adaptive reuse projects reflects a forward-thinking mindset in the ever-evolving real estate market.


8. GC Real Estate Partners

  • Website: gcremn.com
  • Ownership type: Private
  • Headquarters: St. Cloud, Minnesota, United States (USA)
  • Employee distribution: United States (USA) 100%
  • Founded year: 2004
  • Headcount: 11-50
  • LinkedIn: gcremn

GC Real Estate Partners, operating under the SVN brand, is a commercial real estate services firm based in St. Cloud, Minnesota. Founded in 2004, the company has built a reputation for providing comprehensive services that include property management, brokerage advisory, and maintenance engineering. They cater to a variety of clients, including property owners, investors, and tenants, focusing on enhancing property value and tenant satisfaction. With a team of experienced professionals, GC Real Estate Partners offers tailored solutions that address the unique needs of each client. Their services extend beyond traditional property management, incorporating strategic advisory and facility management, which positions them as a significant player in the regional market. The firm operates with a commitment to fostering long-term relationships and delivering positive experiences, which has contributed to their growth and recognition in the commercial real estate sector.


9. The Opus Group

  • Website: opus-group.com
  • Ownership type: Corporate
  • Headquarters: Minneapolis, Minnesota, United States (USA)
  • Latest funding: November 2014
  • Founded year: 2010
  • Headcount: 201-500
  • LinkedIn: the-opus-group%c2%ae

The Opus Group is a commercial real estate developer based in Minneapolis, Minnesota, specializing in the development, design, and construction of properties across multiple sectors, including industrial, office, residential, and retail. Founded in 2010, the company has built a reputation for providing tailored solutions that meet the specific real estate needs of businesses and organizations. With a workforce of approximately 474 employees, The Opus Group operates in various markets, including major cities like Chicago, Denver, and Phoenix. Their integrated team approach allows them to manage projects from inception to completion, ensuring that each facility is efficient and functional. The company emphasizes sustainability and community partnerships, reflecting a commitment to responsible development practices. They have completed numerous projects, showcasing their expertise in creating spaces that support organizational goals and enhance operational efficiency.


10. Forte Real Estate Partners, LLC

  • Website: forterep.com
  • Ownership type: Family Owned
  • Headquarters: Bloomington, Minnesota, United States (USA)
  • Employee distribution: United States (USA) 100%
  • Founded year: 2021
  • Headcount: 11-50
  • LinkedIn: forterep

Forte Real Estate Partners, LLC, based in Bloomington, Minnesota, is a commercial real estate firm that specializes in providing comprehensive services such as real estate advisory, acquisitions, leasing, and property management. Founded in 2021, the company was formed through the merger of two established firms, aiming to enhance service delivery to clients in the Twin Cities and beyond. Forte focuses on various sectors, including healthcare, industrial, non-profit, and professional services, demonstrating its commitment to understanding the unique needs of its clients. The firm prides itself on a personalized approach, treating clients as partners and ensuring that their real estate decisions align with their operational goals. Forte has also been recognized for its workplace culture, receiving accolades as a 'Best Place to Work' in 2024, which underscores its emphasis on collaboration and community involvement.


11. NAI Legacy

  • Website: nailegacy.com
  • Ownership type: Private
  • Headquarters: Bloomington, Minnesota, United States (USA)
  • Employee distribution: United States (USA) 100%
  • Founded year: 2019
  • Headcount: 11-50
  • LinkedIn: nai-legacy

NAI Legacy is a commercial real estate firm based in Bloomington, Minnesota, founded in 2019. The company specializes in brokerage, property management, and investment solutions, catering to real estate investors and property owners. NAI Legacy offers a range of services, including tax-efficient investment strategies and comprehensive property management. Their team boasts a combined experience of 150 years in the commercial real estate sector, with a track record of over $6 billion in brokerage, investment, and property management transactions. NAI Legacy operates within a network of over 300 NAI offices across the United States, providing them with extensive market access and resources. Their portfolio includes significant acquisitions, totaling over $230 million and covering approximately 950,000 square feet. NAI Legacy is committed to helping clients navigate the complexities of the real estate market, ensuring they maximize their investment potential.


12. Crossroads Properties

  • Website: crossroadsproperties.net
  • Ownership type: Family Owned
  • Headquarters: Oakdale, Minnesota, United States (USA)
  • Employee distribution: United States (USA) 100%
  • Founded year: 1989
  • Headcount: 11-50
  • LinkedIn: crossroads-properties

Crossroads Properties, established in 1989, is a family-owned commercial real estate brokerage based in Oakdale, Minnesota. The firm specializes in tenant representation and property management services, primarily serving the Twin Cities area. With a dedicated team of professionals, Crossroads Properties assists businesses in finding suitable office, industrial, and retail spaces, ensuring a smooth leasing process. They manage over 800,000 square feet of commercial properties, reflecting their commitment to high-quality service and tenant satisfaction. Their approach emphasizes building long-term relationships with clients, which is evident in their proactive property management and personalized tenant services. Crossroads Properties has developed a reputation for integrity and responsiveness, making them a trusted partner for businesses in the region.


13. Inovista

  • Website: inovista.re
  • Ownership type: Private
  • Headquarters: Saint Paul, Minnesota, United States (USA)
  • Employee distribution: Reunion 93%, Mayotte 7%
  • Founded year: 2010
  • Headcount: 11-50
  • LinkedIn: inovista

Inovista is a private real estate agency based in Saint Paul, Minnesota, with a strong focus on commercial real estate services in La Réunion and Mayotte. Founded in 2010, the company has grown to a team of 30 employees, primarily operating in the local markets. Inovista offers a comprehensive suite of services, including property buying, selling, renting, and management. They cater to a wide range of clients, from individual consumers to institutional investors, providing valuable tools such as property estimators, lease audits, and market indices. Their commitment to client education is evident through practical guides and resources that help clients understand the intricacies of the real estate market. Inovista's active role in the commercial real estate sector, particularly in their regional markets, highlights their significance in the industry.


14. United Properties

  • Website: uproperties.com
  • Ownership type: Private
  • Headquarters: Minneapolis, Minnesota, United States (USA)
  • Employee distribution: United States (USA) 98%, South Africa 2%
  • Founded year: 1916
  • Headcount: 51-200
  • LinkedIn: united-properties

United Properties, based in Minneapolis, Minnesota, has been a significant player in the commercial real estate sector since its inception in 1916. The company operates as a developer and investor, focusing on a variety of property types, including multi-family, industrial, senior living, retail, office, and mixed-use projects. With a workforce of approximately 166 employees, United Properties has established a strong presence in key markets such as Minnesota, Colorado, and Texas. Their approach emphasizes quality and community integration, aiming to create environments that enhance living and working experiences. The company has also made strides in sustainability, embedding environmental and social responsibility into their operations. United Properties has received recognition for its projects, including awards for excellence in various categories, further solidifying its reputation in the commercial real estate industry.


15. Ackerberg

  • Website: ackerberg.com
  • Ownership type: Private
  • Headquarters: Minneapolis, Minnesota, United States (USA)
  • Employee distribution: United States (USA) 100%
  • Founded year: 1964
  • Headcount: 11-50
  • LinkedIn: the-ackerberg-group

Ackerberg, based in Minneapolis, Minnesota, is a private real estate development and property management company that has been operational since 1964. The firm specializes in both commercial and residential properties, aiming to enhance urban environments through thoughtful design and community-focused projects. Ackerberg's portfolio includes a range of property types, such as retail spaces, office buildings, and mixed-use developments. They pride themselves on their ability to create spaces that resonate with the local community, often engaging in projects that reflect the unique character of the neighborhoods they serve. Their approach combines best-in-class service with a commitment to artistic and functional design, making them a notable player in the local real estate market.


16. Hamilton Real Estate, Inc.

  • Website: hamiltonmnre.com
  • Ownership type: Private
  • Headquarters: Rochester, Minnesota, United States (USA)
  • Employee distribution: United States (USA) 73%, India 27%
  • Founded year: 1979
  • Headcount: 1-10
  • LinkedIn: hamilton-real-estate-inc-

Hamilton Real Estate, Inc. is a commercial real estate firm based in Rochester, Minnesota, specializing in the sale, leasing, management, and development of investment real estate and industrial/office user properties. Established in 1979 by Mac Hamilton, the firm initially served the Mayo Clinic as its first client, which set a precedent for its focus on high-quality service and client relationships. Over the years, Hamilton Real Estate has developed significant projects, including build-to-suit facilities for major corporations like IBM and has played a pivotal role in transforming over 230 acres of farmland into commercial, residential, and industrial lots in northwest Rochester. The firm is known for its innovative approach and deep understanding of the local market, which allows it to effectively navigate the complexities of commercial real estate transactions. The team comprises experienced professionals with various industry credentials, enhancing their ability to serve clients effectively. Hamilton Real Estate continues to engage in notable projects, such as the Rochester Technology Campus, showcasing its ongoing relevance in the commercial real estate sector.


17. Sentinel Management Company

  • Website: sentinelapts.com
  • Ownership type: Private
  • Headquarters: Minneapolis, Minnesota, United States (USA)
  • Employee distribution: United States (USA) 100%
  • Founded year: 1972
  • Headcount: 11-50
  • LinkedIn: sentinel-management-company

Sentinel Management Company, based in Minneapolis, Minnesota, has been a significant player in the commercial real estate sector since its inception in 1972. The firm specializes in the development, ownership, and management of a variety of property types, including multifamily housing, medical facilities, retail spaces, and office buildings. Over the years, Sentinel has developed approximately 300 acres of land and managed a portfolio that includes over 6,000 multifamily units and more than 1 million square feet of commercial space. Their approach emphasizes long-term value creation, focusing on high-quality developments that meet the needs of both investors and the community. Recent projects, such as the redevelopment of properties in Golden Valley and the construction of new multifamily units, showcase their ongoing commitment to enhancing the urban landscape of the Twin Cities. With a history of ethical operations and a strategic vision for sustainable growth, Sentinel Management Company continues to play a vital role in the local real estate market.


18. Coldwell Banker Commercial Fisher Group


Coldwell Banker Commercial Fisher Group is a commercial real estate agency based in Mankato, Minnesota, with a history dating back to 1971. The firm specializes in property development, brokerage, and management services, primarily serving investors, landlords, and tenants in Southern Minnesota. With a team of experienced professionals, they focus on maximizing property value and investment returns through personalized service and integrity. Their affiliation with Coldwell Banker Commercial provides them access to a global network, enhancing their ability to meet local real estate needs. The company has been involved in various significant projects, including the redevelopment of George's Ballroom, which reflects their active role in shaping the local market. Their comprehensive service offerings include property sales, leasing, corporate consulting, and investment services, making them a well-rounded player in the commercial real estate industry.


19. Tailwind Group, Inc.

  • Website: thetailwindgroup.com
  • Ownership type: Private
  • Headquarters: Mankato, Minnesota, United States (USA)
  • Employee distribution: United States (USA) 100%
  • Founded year: 2012
  • Headcount: 201-500
  • LinkedIn: tailwindgroupinc

Tailwind Group, Inc. is a private real estate management firm based in Mankato, Minnesota. Established in 2012, the company specializes in a range of services including property management, asset management, investment management, and development. Tailwind Group primarily serves property owners, investors, and developers, aiming to enhance the value of real estate assets through its expertise. The firm operates mainly in the student housing, commercial, and retail sectors, providing tailored solutions that meet the unique needs of these markets. With a dedicated team of professionals, Tailwind Group emphasizes innovative strategies and best practices to ensure effective management and development of properties. Their focus on creating sustainable environments reflects a commitment to long-term value for clients and communities alike.



Commercial Real Estate Insights: Key Companies in Minnesota


CompanyHeadquarterSizeFoundedOwnership
Ryan Companies US, Inc.Minneapolis, Minnesota, United States (USA)1001-50001938Corporate
Frauenshuh, Inc.Minneapolis, Minnesota, United States (USA)51-2001983Private
Caspian GroupEdina, Minnesota, United States (USA)11-502015Private
Cushman & Wakefield NorthMarqBloomington, Minnesota, United States (USA)501-10001916Private
Sherman AssociatesMinneapolis, Minnesota, United States (USA)501-10001979Private
NorthmarqMinneapolis, Minnesota, United States (USA)1001-50001960Private
Hempel Real EstateEden Prairie, Minnesota, United States (USA)11-502001Private
GC Real Estate PartnersSt. Cloud, Minnesota, United States (USA)11-502004Private
The Opus GroupMinneapolis, Minnesota, United States (USA)201-5002010Corporate
Forte Real Estate Partners, LLCBloomington, Minnesota, United States (USA)11-502021Family Owned
NAI LegacyBloomington, Minnesota, United States (USA)11-502019Private
Crossroads PropertiesOakdale, Minnesota, United States (USA)11-501989Family Owned
InovistaSaint Paul, Minnesota, United States (USA)11-502010Private
United PropertiesMinneapolis, Minnesota, United States (USA)51-2001916Private
AckerbergMinneapolis, Minnesota, United States (USA)11-501964Private
Hamilton Real Estate, Inc.Rochester, Minnesota, United States (USA)1-101979Private
Sentinel Management CompanyMinneapolis, Minnesota, United States (USA)11-501972Private
Coldwell Banker Commercial Fisher GroupMankato, Minnesota, United States (USA)11-501971Private
Tailwind Group, Inc.Mankato, Minnesota, United States (USA)201-5002012Private


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