NEWS RELEASE EXCERPT: “Kraus-Anderson and Inland Development Partners today announced a new joint venture that will develop a three-story, 316-unit housing project in Richfield, Minn.  Located near 66th and Cedar Ave., the $60 million Chamberlain apartment complex is the first joint venture between the two companies, which both focus on developing and redeveloping office, industrial and retail property. The property was purchased from the City of Richfield and is part of the Richfield Parkway, which runs through the Chamberlain complex and extends south from 66th Street, following 18th Avenue, to 70th Street . . . Kraus-Anderson Construction is the general contractor.  Construction is expected to begin in the spring of 2018.  The first units will be open in the spring of 2019.”