Recent Press

What do Office Tenants Want?

November 2, 2023 - MINNEAPOLIS, MN

“When you walk into one of our projects, we want you to feel like you've entered someplace different,” Krsnak said, noting that the real estate firm typically adds music and machines that boost the space with a hotel-like scent.


Minneapolis Downtown Summit: Challenges and hope in the Twin Cities’ urban core

October 30, 2023 - MINNEAPOLIS, MN

Hempel Properties has been an active local investor making big bets downtown. Josh Krsnak shared more details about the recent purchase of LaSalle Plaza, a 650,000-square-foot, 30-story office building.


2023 Fast 50: PACE Loan Group is a first-time honoree, debuting on The List at No. 3

October 26, 2023 - MINNEAPOLIS, MN

[Rafi Golberstein, CEO PACE Loan Group] "We admire Hempel Cos. They’ve charted a new path after the untimely death of their founder, Jon Hempel, in 2018. Under the leadership of Josh Krsnak, the company has built a portfolio of more than $750 million in new and adaptive re-use office and retail properties. They are out-of-the-box thinkers who come up with creative solutions for structuring deals and bringing back to life major local assets, such as their recently acquired Shops at West End and LaSalle Plaza in downtown Minneapolis."


Discount retailers working on side-by-side Rochester stores

October 26, 2023 - ROCHESTER, MN

California-based off-price apparel and home fashion chain Ross Dress For Less and Burlington plan to divide the 50,000-square-foot former Dick's Sporting Goods in southeast Rochester into two stores.


Kohl's To Test Smaller, Urban Concept in Headquarters' Hometown

October 24, 2023 - MILWAUKEE, WI

The new Kohl's store will also open directly into the 3rd St. Market Hall, a ground-floor food hall located within The Avenue, completing the total redevelopment of a former downtown mall.


160 workforce apartments planned near The Avenue in downtown Milwaukee

July 11, 2023 - MILWAUKEE, WI

The developers of The Avenue in downtown Milwaukee could build 160 apartments in a vertical addition to the nearby former Gimbels parking structure.


Downtown Minneapolis' LaSalle Plaza trades at a steep discount

June 28, 2023 - MINNEAPOLIS, MN

Distressed downtown Minneapolis office tower LaSalle Plaza has been acquired by a local developer at a steep discount from the previous sale price.


3rd Street Market Hall named Best Renovation - Retail by Milwaukee Business Journal

May 17, 2023 - MILWAUKEE, WI

Marketed as an all-ages space, the hall includes entertainment like Topgolf Swing Suites, Photoverse Selfie Museum and a 50-seat central bar. Free attractions include shuffleboard, a gaming lounge, and backyard games such as giant Jenga and bags.


Defying Doomsday - As work-from-home continues, downtown Milwaukee buildings holding their own. 

March 3, 2023 - MILWAUKEE, WI Downtown defies doomsday: Milwaukee offices hold their own in WFH era.

Captal First Trust is doing its best to keep employees happy, and this year plans to leave its current Walker's Point office space. 


MMAC moving offices to The Avenue in downtown Milwaukee

May 27, 2020 - The Metropolitan Milwaukee Association of Commerce and Milwaukee 7 are moving their offices to The Avenue redevelopment in downtown Milwaukee by early fall.


Milwaukee's Coolest Offices: Graef converts downtown mall food court into unique space

April 13, 2020 - What for more than three decades was a popular downtown Milwaukee food court has now become home to one of Milwaukee's most prominent engineering firms, complete with skylights, open space and its own cafe named after the former Grand Avenue Mall. Check out this winner in our annual Milwaukee's Coolest Office contest.


St. Paul Dept. Store Transformed Into Wild Facility, Shopping Center

January 16, 2018 - "It's definitely one of the more challenging projects we've ever had," said Josh Krsnak, president of Hempel Companies. In just 12 months, Hempel's contractors transformed the building, putting walls of glass where before there was only artificial lighting . . . What had at one time been a rooftop surface parking lot is now a sparkling sheet of ice.


Minnesota Wild signs lease for new practice facility at Wabasha Center in Downtown St. Paul

December 22, 2016 - The partners of Go Wild, LLC, the joint venture between Hempel Companies and the Saint Paul Port Authority, today announced that the Minnesota Wild has executed a lease for a practice facility at Wabasha Center in downtown Saint Paul.

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