A tenant improvement allowance is the money a landlord agrees to put toward building out a leased commercial space, typically written as a dollar figure per square foot. Published 2026 ranges run from $3 to $15 per square foot for industrial space up to $50 to $120 for office, and the tenant pays whatever the […]
A build-to-suit lease is an agreement where a developer secures the site, then designs and builds a commercial facility to one tenant’s exact needs and leases it to that tenant long term. The tenant gets a new facility made for its operation without paying for the site and the build up front, and in return […]
An owner’s representative usually costs 1% to 5% of the construction budget. Smaller and more complex projects sit at the high end of that range, and large projects sit at the low end, because the oversight work does not shrink as fast as the project grows. On a $5 million building, that works out to […]
ST. CLOUD, MN – July, 2026 Inventure has acquired Centre Place, a 100 percent occupied, 18,866 square foot multi tenant retail center at 4170 West Division Street in St. Cloud, Minnesota. The property sits on 1.49 acres at the signalized intersection of Division Street and Waite Avenue S, directly across from Crossroads Center. The acquisition […]
Inventure Capital Launches as Minnesota’s Premier Integrated Commercial Real Estate Wealth Investment Platform CEO Douglas J. Boser and President Austin Ruehle combine decades of construction, brokerage, and investment expertise to deliver a fully integrated CRE wealth platform across Minnesota and beyond. ST. CLOUD, MN — Inventure today announced its launch of Inventure Capital as an integrated commercial real estate […]
Inventure Real Estate Acquires Walgreens at 115 2nd Ave N in Sauk Rapids, Minnesota SAUK RAPIDS, MN — April, 2026 — Inventure Real Estate has acquired the freestanding Walgreens pharmacy at 115 2nd Ave N in Sauk Rapids, Minnesota, adding a 14,490 square foot single tenant retail asset to its Central Minnesota portfolio. The property […]
Construction Isn’t the Hard Part, Managing It Is When your business is ready to grow whether it’s expanding, relocating, or developing a new facility the most significant risks often aren’t in the walls or the dirt. They’re in the details: delays, unexpected costs, and miscommunication that derail projects and distract you from your core business. […]
Sartell’s landscape continues to evolve—and with the groundbreaking of the new Wyndham Hotel, we’re proud to be part of what’s shaping that transformation. This isn’t just a hospitality project. It’s a strategic addition to a growing community with real momentum—from regional healthcare expansion to cutting-edge manufacturing to renewed investment in local infrastructure. The Wyndham will […]
Tenant Improvement Allowance: What It Covers and How to Negotiate It
What Is a Build-to-Suit Lease? How It Works for a Business Owner
