Chicago Title Purchases Commercial Partners Title to Bring Together Two Leading Firms
Serving the Minnesota Commercial Market
Minneapolis, MN - November 12, 2020, Chicago Title, a member of the Fidelity National Financial family of companies, the nation’s largest group of title companies and title insurance underwriters, today announced the acquisition of Commercial Partners Title based in Minneapolis, Minnesota. See full press release.
Discover What’s New and Interesting in Our Backyard
The Minneapolis-Saint Paul region is currently experiencing its biggest decade of growth since the 1920s, with recent estimates from the Metropolitan Council indicating a 10 percent growth since 2010. The metro area has a population of 3.52 million, making it the 16th largest metro in the U.S., and the population is projected to grow to by roughly 12 percent over the next 20 years.
Following population growth trends, the region’s labor force has grown by 4.6 percent over the last five years, which exceeds national averages, according to the Minneapolis Saint Paul Regional Economic Development Partnership. The growth is expected to continue its upward trend. The influx of new residents join a highly educated workforce, where 37 percent of the population aged 25 and older hold a bachelor’s degree or higher.
The Minneapolis-Saint Paul region is home to more Fortune 500 companies per capita than anywhere else in the world. The region’s diverse business community – representing the healthcare, biotechnology, energy, business services, transportation, and manufacturing industries, among others – creates a favorable climate for commercial real estate. Minnesota is one of few states in the U.S. to exempt energy used in the manufacturing process from sales tax, according to the Minneapolis Saint Paul Regional Economic Development Partnership, which results in significantly lower tax rates.
With its strong labor force and pro-business climate, the commercial real estate market in Minneapolis is poised for growth.
About Fidelity National Financial
Fidelity National Financial, Inc. (FNF) is currently ranked #238 on the 2022 FORTUNE 500®*, and is among numerous defense, energy, media, hospitality and financial Fortune 500®* companies based in the region. Our Minneapolis-based team of CRE professionals works in all facets of the industry, including power and energy projects, office buildings, industrial parks, multifamily housing, retail properties, government contracts, corporate transactions and more.
Discover what’s new and interesting in our backyard in the latest real estate news, provided courtesy of the FNF Newsdesk.
*"FORTUNE®" and "FORTUNE 500®" are registered trademarks of Time Inc. From FORTUNE Magazine, May 2022 ©2022 Time Inc. FORTUNE and Time Inc. are not affiliated with, and do not endorse products or services of Fidelity National Financial. Chicago Title Insurance Company is a member of the Fidelity National Financial family of companies and the nation’s largest group of title companies and title insurance underwriters that collectively issue more title insurance policies than any other title company in the United States.