Brisk Sales at Luxury Eleven Condo Tower

More than half of units are under purchase agreements.

Metro Homes Hit Record $280,000 Annual Median Sales Price

Prices have nearly doubled since 2011.

Hyde, Mortenson Developing Massive Industrial Space in Denver Area

The two previously teamed up for the Northern Stacks project in Fridley.

Real Estate Expert and Educator Herb Tousley III Dies

He’s remembered as “a person who just got things done.”

Commercial Real Estate Remained Strong in 2019

Overbuilding in some sectors of apartment and hotel markets an emerging concern

Ryan’s Hope: 100-Acre 'Healthy Village' in Maple Grove

City’s planning commission endorses concept plan for what would be one of the largest mixed use developments in Maple Grove history.

Edina’s Galleria Up for Sale

The upscale retail center sold for $127 million in 2012.

Consulting Firm West Monroe Partners to Move to the North Loop

The firm is moving its Minneapolis office from downtown to a 42,000-square-foot space in the North Loop’s Nordic building to accommodate workforce growth.

The Coven Rises in St. Paul

The co-working community for women, non-binary and trans individuals is opening a second location that will be first in the Twin Cities to offer on-site childcare.

Vikings’ Eagan Office Building Is Filling Up

The Viking Lakes Innovation Center, the first commercial office building on the Viking’s multi-purpose development in Eagan, is now halfway leased.

Sunrise Banks Launches Affordable Housing Program

The bank says it has teamed up with nonprofit developer Aeon and three local foundations to prevent affordable housing units from being converted into high-rent apartments.

Office Envy: Mortarr

Albert Lea-based online commercial design platform Mortarr brings design inspiration home to its headquarters.

Smaller Workspaces, More Amenities

Twin Cities area tenants are willing to pay for better office "experience."

McCormick & Schmick’s Space on Nicollet Mall Listed for Lease

The restaurant is negotiating a lease extension with the landlord, spokeswoman says. If negotiations fall through, the space becomes available June 1.

Co-Working Spreads to the Iron Range

Downtown Hibbing’s new co-working space is slowly gaining traction in the community, says owner Karine Woodman

Anytime Fitness Marks Coolest Achievement: A Club in Antarctica

Anytime Fitness co-founders Chuck Runyon and Dave Mortensen were in Antarctica to celebrate becoming the first franchise chain on all seven continents.

Two Downtown Minneapolis Office Buildings Change Hands
The Fine Print: Have Twin Cities Home Values Peaked?
Colliers MSP to Move HQ to St. Louis Park

The new headquarters is a short walk from the Shops at West End.

HGTV's Big Local Play

Local businesses pitched in for the Urban Oasis home. Ideally, customers follow.

Developer Proposes $15M Curling and Events Center in Savage

Prior Lake-based Copper Creek is seeking financial assistance from the city to build the center.

Urban Outfitters Space in Uptown Listed for Lease

National retailers headed for the exits in Lake & Hennepin area market

Co-Working Wars

Welcome to the boomtown for shared office space.

Construction Industry Leader M.A. 'Mort' Mortenson Jr. Dies at 82

Mortenson led firm for decades and built one of largest construction companies in the United States.

Condo Tower Dies for a Million Reasons

Flood of units with seven-figure price tags are inundating downtown Minneapolis.

Spec of a Deal

Ryan Cos., Excelsior Group have begun building 10 West End – an office building with no committed tenants.

Brokers Leave JLL to Launch Rokos Advisors

Boutique firm to focus on local businesses and clients

Automating the Real Estate Photography Business

Can an app make it easier for homeowners to take their own real estate photos?

U.S. Department of Defense Invests $170M in Bloomington Chipmaker

The funds will help expand the scope of SkyWater’s tech offerings and help keep the chip industry in the U.S., company officials say.

NAIOP: Best in Class Properties

NAIOP, the Commercial Real Estate Development Association, recognizes this year's top projects throughout the state of Minnesota.

The Fine Print

A quick look at the plans for the former West Publishing site in downtown St. Paul.

Life Time to Host Hiring Fair Ahead of Southdale Opening

The company is looking to fill about 200 positions for the new 147,000 square-foot co-working and sports facility at the Edina mall—its largest site to date.

Twin Cities Co-working Space Grows 18 Percent

CBRE Group sees room to grow for flexible office space market.

Coven Co-working Operators Eye National Expansion

Nashville location to open in 2020.

Kraus-Anderson Preps for $20M Upscale Apartments in St. Paul

The developer has secured permitting for a 92-unit apartment building in St. Paul’s Capitol Heights neighborhood.

Fintech Startup ClickSwitch Relocates

The company is staying in downtown Minneapolis, but it’s moved to roomier digs.

Friendship Village Preps for $114.5M Expansion

The 284-unit senior living center will gain 96 new apartments, along with a new health center building.

JLL to Move into RBC Gateway Tower

The firm aims to move into the new skyscraper in early 2022.

Developers Deploy $1.5 Million Sales Center to Sell Condos

Prices start at $900,000 for units in Eleven tower

Ryan Cos. Begins $3 Million Renovation of City Center

Later this summer, “several new tenants” are slated to be revealed, the company says.

Sales Price for Twin Cities Homes Reached New Record in June

Home sales, however, are still on the downswing, with single-family home sales declining 7.5 percent year over year.

Dayton’s Building Added to National Register of Historic Places

Developers of the Dayton's Project sought the designation, which makes the retail/office project eligible for federal tax credits.

RSM Renews Lease in Namesake Skyscraper

The company is also planning a full renovation to the space.

California-based CommonGrounds Opens Minneapolis Co-Working Space

The company has signed a 130-month lease for the second floor of the former TCF Bank Building.

ApartCondOtel?

Sable project allows condo owners to use units for short-term rentals.

Virginia Firm Buys Campbell Mithun Tower

The company will rebrand the 727,170-square-foot building as Two22.

Doran Cos. Lands $200 Million in Long-Term Financing

New loans for three of its market-rate apartment projects

Eleven Condo Project Secures Financing

The 41-story tower will be tallest residential building in Minneapolis.

Office Depot Opens Chanhassen Co-working Space

Shared office space keeps growing; WeWork opens Monday in North Loop.

High Land Costs Leave Homebuilders High and Dry

In a recent University of St. Thomas survey, homebuilders shared “very pessimistic” views on land costs.

Dayton's Project Seeks Jewel of a Restaurant

Former JB Hudson space has historic appeal.

RBC Gateway Breaks Ground; Tower’s Office Space Nearly 85 Percent Leased

Pohlad Companies will relocate to tower, take three floors of space.

Median Home Prices Reached High-Water Mark in May

Last month, median home prices grew 5.2 percent to a record $285,000.

Ackerberg Group Acquires Three Office Properties

Deals add 170,000 square feet to firm’s portfolio.

Engineering Firm WSB Adds New Office in Texas

Fast growth drives expansion and addition of new executives.

Commercial Real Estate Cost Crunch

In a recent University of St. Thomas survey, a panel of commercial real estate leaders expressed concern about increasing costs of land and building materials.

Plans Unveiled for Four Seasons in RBC Skyscraper

The new property would feature a mix of hotel rooms and office space.

Homebuilding Report Shows Mixed Results in May

Single-family homes are on the downtrend, but multi-family units appear to be on the rise.

Saint Paul Port Authority eyes redevelopment of Hillcrest Golf Club site

Once developed into an industrial hub, the site could generate 1,000 new jobs

Twin Cities home values declined in April, Zillow says

Though slight, the change marked the first decline in seven years.

Two Hilton Hotel Brands Slated for One Empty Office Building

Projects calls for 201 new rooms in downtown Minneapolis.

Zillow Starts Buying and Selling Homes in Twin Cities

Minneapolis-St. Paul is 10th market for new service from the company best known for its online real estate listings.

Minnesota Bid for Amazon HQ2 Finally Disclosed

The 100-plus page report included 18 possible locations and endorsements from local CEOs, but maximum value of possible state, local incentives never calculated.

Thor Construction Will Shut Down Following Multiple Lawsuits

Just one year after completing a $36 million office building in North Minneapolis, the largest minority-owned construction company ran into irrevocable financial woes.

Office Envy: Magnet360

Magnet360 turned a typical office into its dream space, with equal parts collective and private work zones.

Defense Tech Co. Northrop Grumman Pursuing $1.5 Million-Plus Expansion in Plymouth

The expansion of the company’s Armament Systems unit headquarters is expected to generate 60 new jobs, and will receive $1.3 million in financial support from DEED.

Life Time Targets Seasoned Professionals with New Co-Working Spaces

The Twin Cities’ first Life Time Work is now open in St. Louis Park, and filling up fast. More are planned locally and nationwide.

In Minneapolis, the Majority of Households are Now Occupied by Renters

The shift comes as many are calling for more renter inclusion in neighborhood organizations as part of Minneapolis’ Neighborhoods 2020 plan.

Everything You Need to Know About Minneapolis' Upper Harbor Terminal Project—And What Happens Next

The massive plan to turn 48 acres of riverfront land into housing, businesses and an outdoor performance venue was approved Friday. Here's a look at the costs and the challenges ahead.

McGough Underway on 402-Unit Apartment Project Near Mall of America

The Fenley is the latest project at the Bloomington Central Station site.

The Riveter, Co-Working Aimed at Women, Set to Open in Twin Cities

Shared workspace options are growing at a rapid clip, although The Riveter focuses on women workers and entrepreneurs.

Throwing Old Homes in the Garbage is Becoming More Problematic (and Political) in Minnesota

Groundwater pollution from old construction materials has prompted the Minnesota Pollution Control Agency to look at revamping landfill rules.

Are Mixed-Use Projects the Right Path Forward for the Twin Cities?

We explore the benefits and challenges of the mixed-use development approach.

Renovation Woes Force Sale of The Soap Factory

RJM Construction is forcing a sheriff’s sale on the arts center’s Minneapolis headquarters after incurring extraneous expenses from a top-to-bottom renovation it was hired to complete.

Latest Fight Over Controversial Landlord’s Minneapolis Properties Puts Spotlight on Housing Court

Del Campo Chacon’s eviction fight — part of a larger struggle among a group of families living in five Frenz properties on the same block — is a new chapter in a long story, one that includes allegations of fraud, unsanitary conditions, rent strikes and city intervention.

Will a Five-Star Hotel Finally Land in the Twin Cities?

United Properties inked a term sheet with Four Seasons for the Gateway tower in Minneapolis.

How The Waters is Reinventing Senior Living

The senior housing developer breaks new ground with branded communities and a focus on well-being.

Blake Hastings Leaves CBRE to Join Oppidan

The local developer is seeing strong growth beyond Minnesota.

St. Louis Park-Based Real Estate Data Co. WolfNet Technologies Merges with OJO Labs

The merger is intended to provide home buyers and sellers with an improved, efficient search and transaction experience. The companies’ organizational structure and staff will remain in place.

Internet of Things Leader Digi International is Relocating Its HQ to Hopkins

The move to Hopkins’ Excelsior Crossings campus is intended to encourage more creativity and collaboration, with integrated private, common and lab spaces designed partly by Studio BV.

2018 NAIOP Awards

NAIOP, the Commercial Real Estate Development Association, recognizes this year’s top projects in the Twin Cities metro area.

Stub & Herb's Lives On (For Now)

The restaurant's sale augurs long-term change near the U.

Electronics Recycler Tech Dump More Than Doubling in Size with Expansion Into St. Paul Building

Tech Dump, an organization committed to environmental solutions and improving job opportunities for maligned individuals, is set to purchase a new building in St. Paul amid continued growth.

No Slowdown for Minneapolis Apartment Building Boom

The Minneapolis City Planning Commission is considering about 1,500 new units at a Thursday meeting.

From Triplexes to Parking: What Changes are Expected in the Revised Minneapolis 2040 Plan

An updated version of the proposed comprehensive plan is set to released sometime next week.

12 Key Takeaways from Three-Part Panel on Midway Projects, Developing for Twin Cities’ Future

Key takeaways and quotes from a three-part business event held Wednesday, which featured discussions on Allianz Field and Midway projects, hotel projects, and mixed-use developments.

‘Fixing’ the Housing Crisis in Minneapolis Will Be A Lot Harder Than People Think

City planners, housing experts and elected officials all pretty much agree that Minneapolis needs to build a lot more affordable places to live. What's less clear is whether city officials understand how hard that's going to be.

Co-Working Giant WeWork Doubles Space at Uptown’s MoZaic East

The co-working leader is expanding before its new home in Minneapolis even opens.

Minneapolis Condo Tower Moves Forward After Two Years of Legal Delays

The Alatus project calls for 40 stories and 214 units.

Are Developers Having Mixed Feelings About Mixed-Use?

The dream of ground-floor retail can’t always be realized.

Cushman & Wakefield Going Public with Planned $719M IPO

The real estate company is making available 45 million shares, the funds from which it hopes will pay off debts and cover the costs of a past acquisition.

United Properties Seeks WELL Certification for North Loop Project

The emerging rating system measures a building’s health and wellness for employees and resident.

North Loop’s T3 Office Project Sold to Investment Group

Amazon leases about half of the “mass timber” office building.

What’s on the Horizon for Commercial Real Estate?

Five industry leaders discuss the trends and challenges of today and tomorrow.

Photos from TCB's 2018 Commercial Real Estate Forum

A slideshow of images taken during TCB's 2018 Commercial Real Estate Forum, held at the Loews Minneapolis Hotel in May.

Thor Companies’ Soon-to-Be HQ is Fully Leased, Target Among Office Tenants

Commercial development is returning to north Minneapolis as Thor Companies’ building is fully leased and Wellington Management starts its north side office project.

Pat Ryan to Step Down as Ryan Cos. CEO in June

Current CFO and CIO Brian Murray will succeed Pat Ryan, effectively ending a run dating back to 1938 of Ryan family members leading the construction firm as CEO.

Edina: Nowhere to Go But Up

Edina developers want vertical density but residents don't. Inside a controversy with metro-wide implications.

Inside The 1300 Mystery in Dinkytown

Why is the building near Varsity Theater evicting all its commercial tenants?

RBC To Anchor 33-Story Downtown Minneapolis Tower

Plan calls for $330 million, mixed-use project to open in 2021.

How The Depot Saved Downtown Minneapolis

The Depot not only became the centerpiece of a successful development, it helped transform a neighborhood and create a crucial connection between downtown and the Mississippi Riverfront.

Office Vacancies on the Rise

Despite plenty of available spaces, it's still tough to find deals in the best buildings.

Delta Dental of Minnesota to Break Ground on Bemidji Facility This Spring

Up to 150 jobs in the regional nonprofit’s sales, technology and administrative services departments will be created in the process.

Inside the Upsides Minneapolis Could Face if it Broke from Tradition and Built Smaller

Portland developer Kevin Cavenaugh doesn't build a lot of traditional buildings. What he is known for -and what he came to Minneapolis to talk about - is building smaller.

Jacob Frey Nominates David Frank to Lead Minneapolis Development Agency

The strong pace of construction in Minneapolis will likely continue, Frank told TCB.

What's Happening with the Most Prominent Pieces of (Formerly) Underused Real Estate in the Twin Cities

Revisiting some of the most notable un- and underdeveloped sites in Minneapolis and St. Paul to see what's been built — or not.

Inside the Co-working Evolution

Shared spaces are attracting freelancers in the Twin Cities, but they also are housing companies.

Study Ranks Nicollet Ave Among Most Expensive Streets in U.S. for Commercial Real Estate

Nicollet Avenue came in 28th on JLL’s 2017 “Most Expensive Streets,” placing it ahead of Sacramento’s Capitol Mall.

The Apartment Glut That Wasn't

Frustrated home buyers are keeping the overheated rental market from cooling.

Apartment Appellation

How do they come up with building names, anyway?

What Does Tax Reform Mean for Macy’s Project?

The government’s proposed tax bill would kill the federal historic tax credit, a key financing tool for developers.

Lennar to Buy CalAtlantic, Forming Largest Home Builder in Twin Cities

The $5.7 billion deal is expected to close early next year pending shareholder approval.

Evictions, on the Rise Nationwide, Don’t Affect All Parts of Minneapolis Equally

A recent talk by “Evicted” author Matthew Desmond shed light on the problem — and how little we know about it.

CPM Leaders Launch New, Separate Companies

Prolific apartment developers part ways after 12 years.

How Amazon’s HQ2 Could Affect the Price to Rent in Minneapolis

Early repots suggest renters could see an increase of roughly $8,700 over a 10-year span to their housing bill if Amazon brings its new headquarters to Minnesota.

Few Listings Leading to Fewer Sales in Twin Cities Real Estate Market

Pending sales were down for the third consecutive month in the 13-county metro area, according to the Minneapolis Area Association of Realtors.

Pimp My Garage

Welcome to the country club of car storage.

2017 NAIOP Awards

The Minnesota chapter of the Commercial Real Estate Development Association recognizes this year’s top projects.

Minneapolis’ Building Boom Continues with Another Billion-Dollar Year

With over three months left in the year, the city of Minneapolis has already passed the billion-dollar mark in building permits issued.

Shrinking Housing Inventory in MSP Continues to Eat Away at Sales

Nevertheless, homes in the region are still selling at a record median price.

Ford Site Stuck in Neutral

Redevelopment is nowhere near getting started.

TCB Forum Highlights: 2017 Commercial Real Estate Forum

At TCB’s real estate forum, key developers assess the factors driving high-profile projects, including Macy’s.

Meet the Man Caught in the Middle of the Twin Cities' Nastiest Development Fight

St. Paul City Council Member Chris Tolbert would much rather voters like him than dislike him, of course, but a series of issues in his ward has made that difficult, if not impossible.

Ryan, Weidner Apartments to Redevelop Sons of Norway Site

The Minneapolis-based fraternal insurance and heritage organization has been at the site since 1962.

Rochester Approves $4.9M Subsidy for First Destination Medical Center Building

With deal in hand, developer Mortenson eyes fourth-quarter groundbreaking.

Twin Cities Homes Prices Hit Monthly Record High in July

All the while, sales were down for the month, which local realtors attributed to a lack of homes on the market.

A Downtown Without Skyways

Tearing them down might benefit downtown’s street and retail life, but cost and ownership issues make it hard to fathom.

MSP Home Prices Reach New Heights

Additionally, more homes were sold in the metro area last June than any other month on record.

Bucking a National Trend, the Twin Cities is Becoming More Dense

A recent analysis showed many U.S. metro areas becoming more suburban. Minneapolis-St. Paul wasn’t one of them.

The Fight Over the Future of the Ford Site is Very St. Paul

The current plan is the culmination of 10 years of work by the city of St. Paul, Ford, state environmental agencies and regional economic development groups. Not everybody is happy with it.

Schmidt Brewery's Rathskeller Building Sold For $1

Once redeveloped, the space will include a cafe and a German-style beer hall.

Developer Jim Stanton Dies at 81

Suburban builder became “condo king” of downtown Minneapolis.

Macy's Parking Ramp Soldiers On

Dayton’s/Macy’s is gone, but the parking endures.

Could a Bill Before the Legislature Solve the Twin Cities' Condo Crunch?

Is the lack of condo construction in the Twin Cities due to the Great Recession or because of the Legislature and the courts? We may soon find out.

Arctic Cat Closing North Loop HQ

Positions in the Minneapolis location will shift to St. Cloud.

Real Estate Firm Newmark Grubb Knight Frank Opens Minneapolis Office

Veteran brokers Damiani, McCarthy lead local launch for firm, among the largest in the U.S.

Mayo Clinic Expanding Sports Medicine Facility In Minneapolis

The health care nonprofit will take over the remaining space in Mayo Clinic Square.

Mayo Clinic Square Sells To Chicago-based LaSalle Investment Management

The property has seen a complete transformation since the start of the decade when it sold for $14 million.

Crafting A Business District In Northern Minnesota

A distinctive group of businesses is revitalizing and reinventing Duluth’s Lincoln Park neighborhood.

Making Use Of Mixed-Use Development

Commercial real estate trends encourage the combination of residential, retail and other project elements.

Uptown’s Sons of Norway Site For Sale

More than 300 housing units could fit on property.

Ryan Companies Pitches Blaine Medical Project

Emerging “medical row,” population growth draws developer to city.

MSP Homes Sell In Record Time In February As Inventory Remains At 14-Year Low

However, the Federal Reserve’s decision to raise interest rates could affect demand in the future.

Macy’s Buyer Picks United Properties As Building Redeveloper

The redevelopment team plans to transform the one-million-square-foot space into a mixed-use development.

North Minneapolis Is Poised For New Growth

Wellington Management, Thor Cos. and others break new ground in North Minneapolis.

Rebuilding Kelly Doran

With zero housing experience, he remade himself into one of Minnesota’s busiest apartment developers.

DMC Board Approves $38M Mixed-Use Development For Discovery Square

Groundbreaking of the Discovery Square sub-district in Rochester is expected to take place in the fourth quarter of 2017.

Hormel Suspends Pork Supplier Following Animal Cruelty Investigation

It marks the second time Austin-based Hormel has suspended Maschhoffs for animal cruelty claims in the last year.

Woodbury Booming With Medical Office Projects

Developers to add second health care project to CityPlace.

Twin Cities Hottest Housing Market: North Minneapolis?

Zillow forecast projects strong home value growth in Northside neighborhoods.

Macy’s To Close Nicollet Mall Store, Sell Building

601W Companies plans to redevelop the site with two floors of retail and creative office space above.

Fast-Food Facilities Made Fast

When you need to build a Taco Bell in half a week, call Fullerton Cos.

Caution On Commercial Real Estate

After years of high demand for office, retail and industrial spaces, brokers see the growth rate slowing in 2017.

2016 Marks The Best Year For Twin Cities Housing Construction In A Decade

The number of building permits issued was up 11 percent over last year.

Ovative/group To Add 100 Jobs In North Loop

Company’s revenue doubled over last two years.

DMC Board Approves $115M Mixed-Use Development Proposal

The building is expected to include 347 residential units and 21,000 square-feet of retail and office space.

MSP Real Estate Inventory Nears 14-Year Low As Demand Skyrockets

Last month, the number of closing sales rose by more than 25 percent, the largest year-over-year increase in any month since February 2012. Pending sales were also up 9 percent.

Apartment Tower On U Of M Campus Now Under Construction

National REIT joins project team for Minneapolis project.

United Properties Will Relocate Headquarters To Downtown Minneapolis

The move brings developer close to parent Pohlad Companies.

Edina’s Aurora Building Provides Skyway-Connected Care

The new senior housing project is linked to Fairview Southdale.

Zipnosis Moving Into New T3 Office Building

The company is nearly doubling its office size with the upcoming move.

Twin Cities Housing Still A Seller’s Market In October

In the market’s current state, the number of active properties would hit zero in 10 weeks if no other homes were put up for sale.

Twin Cities Rental Market Remains Tight

Despite a glut of developments hitting the market in the last few years, few units remain unrented.

Two More Die From Malfunction In Medtronic Drug Pump Device

The issue of “overinfusion” with the medtech company’s SynchroMed II pump also led to more than 100 adverse events in other patients.

Go East, Big Bank

Wells Fargo’s move leaves empty office space all over downtown Minneapolis.

Potential Mixed-Use Projects Announced For DMC Discovery Square District

A board managing the development efforts of the Destination Medical Center project said it was also considering the construction of a “city loop,” or rail system for downtown Rochester.

Construction Of Single-Family Homes In MSP Continues To Rise In October

Approximately 465 permits were pulled this month—over 100 more than a year ago.

2016 NAIOP Awards

The Minnesota chapter of the Commercial Real Estate Development Association recognizes this year’s top projects.

Solera Property Goes From Hot Rooftop To Nonprofit Offices

900 Hennepin changes directions with the help of Minneapolis taxpayers.

Little Green Houses On The Prairie

Two Minnesotans are jumping on the "tiny house" trend by offering plots of serene land in Ogilvie.

CoCo Expanding Its Grain Exchange Space

The new space at the company's flagship location will accommodate 250 more people.

Demand For Twin Cities Homes Shows No Sign Of Slowing At Summer’s End

However, interest rates are expected to rise in December, could affect buyer demand in the future.

Resonetics To Open Prototyping, Production Facility In Plymouth

Minnesota medtech startups could benefit from the company’s laser technology, which helps cut and produce early drafts of medical products.

State Provides $460K Grant To New Biomerics Facility In Brooklyn Park

The medtech company will receive the state funds once it has accomplished its promise to create 120 new jobs at the site.

Mayo Clinic Names Mortenson As Its Discovery Square Developer

Construction on the six-block research, education, commercial and product development space is set to start in late 2017.

Good Jobs, Zero Bedrooms

Employment is booming across greater Minnesota, but acute housing shortages threaten the prosperity.

When I Work Relocating To The North Loop

Rapid company growth leads to a headquarters expansion and a move away from St. Paul.

Reviving Block E With Mayo And Jerky

New tenants all but complete former Block E, validating developers’ vision.

Luxury Apartment Living In The Heart Of MSP

Empty-nesters and young professionals are driving demand for a growing number of upscale apartments in Minneapolis and St. Paul.

Wagner SprayTech To Expand Plymouth HQ, Add 66 Jobs

Construction of the expansion project is slated to begin in spring 2017.

Excelsior Approves Previously Nixed Senior Housing Project

City code governing vote was not valid under state law.

Twin Cities Home Prices Reach Highest Point On Record

Median sales prices for homes in the metro area reached $242,000 in June — a record that was driven largely by low supply and high demand in the market.

What's Going On With Redevelopment Of St. Paul's Ford Plant Site?

Most of the plans and studies are complete. An environmental study has concluded that a cleanup is possible and affordable. And Ford is finally prepared to lay out a more firm timetable for redevelopment.

Twin Cities Home Market Hits Record-Breaking Sales In May

Sellers continue to control the market as buyers grapple with a dwindling supply of homes.

Louisiana-Pacific Is Mystery Company Receiving $66M In Public Financing

State lawmakers finally revealed the identity of the home siding company after securing a deal to have a $440 million plant constructed in Hoyt Lakes.

Thor Construction Outlines New HQ In North Minneapolis

The company looks to draw others to its $30 million project.

Mystic Lake Isn't Playing The Odds

As casino-operating tribes diversify to sustain their income base, the Shakopee Mdewakanton Sioux continue to place most of their chips on Mystic Lake Casino.

Twin Cities Condo Comeback

The towering ambition of Jim Stanton and Bob Lux.

Twin Cities Residential Construction Ramps Up In April

Spending on new home construction and upgrades is at a record high compared to recent first quarters.

Twin Cities Housing Market Caught In A Supply Crunch As Demand Intensifies

Realtor Cotty Lowry said open house turnout has been the strongest he’s ever seen.

As Mayo's DMC Project Moves Forward, SE Minnesota Faces Worker, Housing Shortage

The DMC project is expected to create 45,000 jobs. But where will they come from, and is there any place for them to live?

Commercial Real Estate Hot Zones

After finally shedding lingering effects of the recession, the industry is taking off in the Twin Cities.

How Green Is My Capital Campaign?

Can two downtown Minneapolis park projects both green up in competition for philanthropic dollars?

Twin Cities Housing Market Sees More Sales But Lower Inventory In February

Sales rose nearly 7 percent despite a roughly 20 percent drop in active properties.

Twin Cities Residential Construction Hits 2-Year Low

The number of permitted multifamily and single-family units being built around the metro declined dramatically in February.

The NorShor Theatre Is Ready For Its Makeover

Long-awaited renovation likely to begin soon on centerpiece of Duluth’s arts district.

Run From DMC?

Can a shadowy group throw a wrench into Rochester’s $6 billion plan?

Real Estate Software Developer HomeSpotter Raises $925K

The company’s latest funding round brings its lifetime seed money total to roughly $3.7 million.

The Tile Shop Reports Double-Digit Sales Jump In Q4

Sales growth at older stores are lagging behind its newer operations, but the company hopes to change that.

C.H. Robinson Expands North Loop Office Space

The company is moving workers from its St. Paul and Roseville offices into the expanded space.

Nicollet Mall Facelift Gets New Look With Cost Cuts

The project swaps out pavers for concrete after a sole bid came in $24 million over budget.

Marketing Firm FLM+ Moving To North Loop

The agency is leaving its Wayzata office park to attract creative employees drawn to working in the city.

Who Is Ned Abdul?

And how did he buy one of the best redevelopment spots in town?

DEED Awards $6.2M To Cleanup, Redevelop Target Field Station And 13 Other Sites

The money used on these projects will help fund the creation or retention of 2,322 jobs across the state.

A Hotel Rises In Uptown

Graves looks set to be the one who builds Uptown’s first hotel.

Average Home Price In Minnesota Rises In October

Job growth and low mortgage rates have fueled the rise in home prices around the U.S.

Contractor Indicted For Using Phony Documents To Win Gov’t Contracts

The RSI Associates contractor allegedly used the money gained from construction contracts to buy jet skis, snowmobiles, luxury cars and gold coins.

Co-Working Space Industrious Opens In Minneapolis

The company offers an alternative to area heavyweight CoCo.

U Of M, United States Golf Association Form Research Partnership

The USGA wants to revitalize the game of golf with the help of the state’s largest higher education institution.

Has The Armory's Time Finally Come?

A new concert and event venue may finally repurpose the Minneapolis landmark.

Commercial Excellence: The 2015 NAIOP Awards

Celebrating this year's winners.

Minneapolis Construction Exceeds $1B For Fourth-Straight Year

With three months left in the year, the city passed the $1 billion mark in part because of major construction projects in Downtown East.

How Do You Solve A Problem Like (Old, Unused) Grain Elevators?

What to do with structures that clearly qualify for protection under landmark laws — but that have proven difficult to repurpose.

Star Tribune Moving City Pages' Offices To North Loop Printing Plant

The Star Tribune, which now owns the alt-weekly paper, says it has unused space for staff it already owns.

Former Real Estate Developer Locked Up, Fined $1.5M For Tax Evasion

Evidence found that a Washington County developer used funds to live an “incredibly flamboyant lifestyle,” which included buying a $1.4 million house and $50,000 monthly deposits to a personal bank account.

The Devil Is In The Details When It Comes To St. Paul’s Soccer Stadium Hopes

What is the best-case scenario for St. Paul soccer? I spoke with a few of St. Paul’s most interested parties to find out their hopes for any soccer stadium deal at Snelling and University Avenues.

Au Revoir, Green Acres

Businesses are following their millennial employees and relocating downtown.

Finding The Right Broker As Business Changes

Globalization and consolidation are shaking up the real estate brokerage market.

Wild Harvest Will Supply Cage-Free Eggs By End Of 2015

SuperValu's private label will adjust its policy, affecting more than 38 million eggs on store shelves.

Do The Twin Cities Really Need This Many Luxury Apartments?

Developers have built thousands of apartments in the metro area over the last four years. At what point does supply outstrip demand?

Are Minnesotans Ready To Live Small?

Some developers are pushing for micro-unit apartments that push against minimum square-footage requirements.

Twin Cities Housing Market Hits 10-Year High

Pending and closed sales have reached pre-recession levels.

Zillow Surveys Financials of Buying Vs. Renting In Twin Cities

Report puts “break-even horizon” at 2.2 years.

Turning The Corner In St. Paul

With the additions of light rail and a baseball park, is the capital city likely to see substantial private sector investments?

Twin Cities Rent Growth Outpacing National Average

Minneapolis, Eden Prairie post strongest growth.

New Report Blames Twin Cities Housing Policies For Segregation

The author, Myron Orfield, says the metro's racial segregation is due to government apathy and "well-meaning but misdirected" efforts by housing advocates and school reformers.

Minneapolis' Office Building Of The Future Will Be Made Of, Uh, Wood?

The 210,000 square foot T3 office building, planned to be built in Minneapolis' North Loop neighborhood, would be the tallest building in the U.S. made primarily of wood.

Home Schwiet Home

How the Schwieters brothers’ construction businesses used the recession as a springboard for expansion and diversification.

Westin Minneapolis Sold For $66.4 Million

The record deal won’t result in a change in management.

New Gateway Project Recalls Early Efforts To Combat Downtown Blight

In 1915, the Minneapolis Park Board pioneered the use of urban renewal when it built Gateway Park, on a triangular two-block site that included the early City Hall.

Why A Chef’s Simple Request May Completely Change Where Hotels Can Operate In Mpls.

The city's zoning ordinances don’t allow hotels of any size in many parts of the city. That may change thanks to Restaurant Alma owner Roberts.

City Email Ends Plan For Duval's 80-Story Tower

Three other proposals for the Nicollet Hotel block are still under consideration.

Nicollet House Was Minneapolis' Social Center In The Late 1800s

Now several high-powered real-estate groups are vying to fill the Washington Avenue site with massive towers.

Commercial Real Estate: Building On New Optimism

The industrial market is the busiest commercial category, and office vacancy rates are dropping.

Is A Shipping-Container Building Coming To The North Loop?

Plans call for a 23,000-square-foot structure at 525 Third St. N. in Minneapolis.

Will Downtown East’s Momentum Boost Concert Venue Plans?
United Properties Plans “Spec” Office Project in North Loop

Developers feeling bullish on downtown Minneapolis.

What A Fight Over Windows Can Tell You About Historic Preservation

The preservation of landmark buildings is dictated as much by what we see through as what we see.

Metro Apartment Vacancy Remains Low

Marquette Advisors finds continued demand for new rental units.

Boomtowns: Development Returns, Project Pipeline Swells

The lean years over, new projects are rising and more are planned.

Homeownership Nonprofit Gets Boost From U.S. Bank

Multimillion-dollar investment will help about 20 Twin Citians move into homes.

St. Paul And The Troubles Of Redeveloping Awkward Buildings

Eighteen months after Macy's announced it was abandoning downtown, reality is setting in: the store's old building isn’t going anywhere anytime soon.

Blu Dot To Open Warehouse In Otsego Business Park

An adjacent building will be able to accommodate further expansion.

Is It Finally Condo Time In Linden Hills?

The delayed and controversial Linden Crossing development looks like a go.

A Boutique Hotel For St. Paul's Summit Ave.?

The Summit Avenue mansion’s previous tenant, the College of Visual Arts, was shuttered in June 2013.

Can Uptown Minneapolis Finally Support A Hotel?

One site fueling speculation is 1301 W. Lake St., a vacant parcel next to Calhoun Square.

MN Couple Guilty Of Theft By Swindle In Real Estate Project

During a construction project that was never completed, Philip and Virginia Carlson allegedly funneled money through a company that wasn’t doing work on the project, while failing to pay the companies that were.

Kansas City Design Firm Picked For Target Center Upgrade

The Timberwolves said they were impressed Dimensional Innovations' work at other venues across the country.

Luxury "Island Apartments" Planned For Minnetonka

A Minnetonka project with 174 units is ready to start construction in the shadow of Carlson Center.

Another Outdoor-Apparel Store Heads To Uptown

Arc'teryx is the first new tenant to join Calhoun Square under the center's new ownership; it is opening across the street from North Face and Columbia stores.

Mixed-Use Project Will Revive 100-Acre Property (Images)

City officials unanimously approved plans for City Place, which will feature a grocery store, other retail, a hotel, office buildings, and more; work will begin this fall.

Condo War Continues In Mpls' Linden Hills

Critics have filed an appeal over a revised, 20-unit plan for condos in the South Minneapolis neighborhood.

Developers Are Mulling Condos Again In Minneapolis

A new 40-story tower proposal may buck the recent rental trend.

Mpls Plans Hennepin-Lyndale Corridor Overhaul, Seeks Input

A reconstruction of the often-congested corridor could begin in 2015.

Hotel, Apartments Planned Near Xcel Center In St. Paul

Opus unveiled plans for a two-building development that could include a hotel, apartments, townhomes, retailers, and up to 300 parking stalls.

Soon-To-Open Outlet Mall Announces 30 More Tenants

Among the newly announced tenants at Twin Cities Premium Outlets are Armani, 7 for All Mankind, Steve Madden, Vera Bradley, and Ann Taylor.

After All-Star Frenzy, An Update On The Vikings Stadium

The Minnesota Sports Facilities Authority's "State of the Stadium" report provides an update on progress while piggybacking on the attention Minneapolis received during the MLB All Star Game.

Sizing Up Two Key St. Paul Redevelopment Sites

A new report outlines a framework for an "urban village" at Snelling and University Avenues; meanwhile, the city of St. Paul is seeking proposals for the “Seven Corners Gateway.”

3 MN Hospitals Among Nation's Best; Mayo Earns Top Spot

For the first time, Mayo Clinic claimed the top spot on U.S. News & World Report’s prestigious “Honor Roll” list.

4 MN Men Charged In Alleged Mortgage Fraud Scheme

The U.S. Attorney’s Office announced Thursday that four men were charged in connection with an alleged mortgage fraud scheme involving an Excelsior-based real estate firm.

Eight Mpls Restaurants, Breweries Plan Bigger Patios

Smack Shack, World Street Kitchen, Fulton Beer, Day Block Brewing Company, Louie’s Wine Dive, Lake & Irving, Yogurt Lab, and Agra Culture hope to add outdoor space.

Rules Around Teardowns, Granny Flats In Minneapolis To Get Major Revamp

Though details of the requirements are still under discussion, the new regulations governing residential construction of one-to-four unit structures are likely to address the height and setbacks of buildings.

Mpls. Rejects Both Development Plans For Northeast Site

Minneapolis rejected one plan that would've housed Dogwood Coffee and Rustica Bakery and another to draw film-industry tenants; the parcel was taken “off the market.”

As Radisson Blu Opens In Mpls, Plans Fizzle For Radisson Red

Plans that called for a 27-story tower—including a parking ramp, apartments, and a Radisson Red hotel—have been revised.

Egan Company Buys Assets Of Maple Grove-Based Firm

The Brooklyn Park-based contractor said the deal will boost its presence in the electrical control systems market.

After A Slow Start To 2014, MN’s Job Market Rebounds In May

Minnesota’s labor force rebounded in May, driven in part by the construction and manufacturing sectors, although the state’s annual job-growth rate continues to lag the national average.

Mpls' North Loop Attracts More Office Tenants

The Loose-Wiles Building quickly went from vacant to 94 percent full in Minneapolis’ fast-growing North Loop neighborhood.

Steele Aims To Compete With Life Time, Double Footprint

Steele Fitness is further expanding its gym membership program and plans for five to seven new gym locations by the end of the year.

Luxury Homebuilders Face Fraud Charges

Keith Waters and Carter Siverson, who were previously fined by the state, now face criminal charges for allegedly failing to pay subcontractors for work on Twin Cities homes and a worship center in Victoria.

“Hennepin Curve” Project Near Loring Park Lands Tenants

A bridal boutique and a real estate agency will occupy street-level storefronts on Hennepin Avenue, while plans call for converting the upper floors to housing.

Homeless Vets Housing Project Breaks Ground At Ft. Snelling

The apartment complex will include some additional specialized services for the veterans.

Graves Hotel In Downtown Minneapolis Is Sold

Graves 601 will officially change hands this summer when Graves Hospitality sells the 21-floor hotel for an undisclosed sum.

Big Woodbury Development Project Will Include Two Hotels

In addition to medical office buildings, a 40,000-square-foot grocery store, restaurants, and more, the City Place development will feature two hotels.

City Of Mpls. Seeks To Consolidate Office Space

Could Minneapolis City Hall drive a new downtown office project?

Tim McKee's “Libertine” To Replace Uptown Cafeteria

The street-level portion of Parasole’s Uptown Cafeteria has reportedly closed and will soon transform into the Libertine, a “modern steakhouse.”

First Avenue Nightclub Looks To Reinvigorate The Turf Club

The owners of the iconic downtown Minneapolis venue are renovating a fading Midway rock club.

Local Developer Plans Two New “Spec” Industrial Projects

CSM Corporation is planning new buildings in Rogers and Brooklyn Park.

Ryan Picks More MN Cos. To Help Build Saints Ballpark

Ryan Companies recently awarded contracts to six companies, five of which are from Minnesota, to help build the structure of the new Lowertown Ballpark for the St. Paul Saints.

Pro-Stadium Politicians Bask In Minnesota's Super Bowl Win

Representative Morrie Lanning: “It’s not just the Super Bowl. It’s a $400 million project being built around the new stadium. I don’t know how anybody can now feel that this was a bad deal.’’

Has The Green Line Fueled $2.5B In Developments?

A new Met Council report tallies $2.5 billion in investments near the light-rail line, but the number is far from an exact science.

Apartment Vacancy Climbs Again in Downtown Mpls.

The downtown Minneapolis vacancy rate ticked up while more large projects are in the pipeline.

Mpls. Weighs “Deconstruction” Alternative To Demolition

The City of Minneapolis might work with a nonprofit to determine the financial feasibility of “deconstruction,” which is described as a more environmentally friendly alternative to traditional demolition.

MN Mobile Banking Co. Aims To Raise $20M

Founded by local businessman Jeff Mack, Cachet Financial Solutions significantly narrowed its net loss in its most recent quarter and increased revenue, and is now planning a stock offering.

Kraus-Anderson Plans New Mpls. HQ With 250 Workers

The Minneapolis-based construction company is planning to build a new 80,000-square-foot headquarters near its current downtown headquarters this fall.

Wedge Co-Op Unveils Name, Renderings Of Nicollet Store

The new “Wedge Community Table” is part of the co-op’s multi-year expansion project, which also calls for a renovation of its Lyndale location and the addition of another grocery store.

Minneapolis About To Sell Historic Hollywood Theater For $1

Step inside and the interior—with a fountain in the lobby, terrazzo tile floors and stadium seating for nearly 1,000—is pure Art Deco.

Visionary Real Estate Developer Rauenhorst Dies At 86

In 1953, Gerry Rauenhorst founded Rauenhorst Construction Company, which evolved into what is today the Minnetonka-based Opus Group.

Three Twin Cities Industrial Properties Sold In $20M Deal

The Brennan Investment Group recently purchased buildings in Coon Rapids, St. Louis Park, Maple Grove, and Milwaukee, Wisconsin.

HCMC Announces $191M Clinic Expansion Downtown

The Hennepin County Medical Center plans to build a 322,000-square-foot medical center across the street from its current emergency department in downtown Minneapolis.

ViaWest Enters MN With New Data Center In Chaska

ViaWest, which manages 27 data centers in six states, announced the recent opening of its first Minnesota facility.

Report: Vacant Retail Spaces Are Dwindling

Once-empty big box properties are now being leased all over the Twin Cities.

Len Druskin Signs 7-Yr. Downtown Lease, Plans Updates

Len Druskin renewed its lease at City Center in downtown Minneapolis, where it will renovate its existing space and consolidate other stores under the “Len” brand.

TCF Plans To Leave Its Namesake Mpls. Tower

The Wayzata-based bank told its employees Monday that about 1,500 of them will be relocated from different offices throughout the state to a new workplace in Plymouth.

Star Tribune Moving To Capella Tower In 2015

The newspaper publisher will move more than 600 employees into a shorter tower that is part of the Capella Tower complex; that portion will be renamed the “Star Tribune Building.”

State Grants $740K To Startup That's Adding Jobs In Hastings

HexFuel plans to have 150 employees at a new Hastings plant and might double that headcount within several years.

RJM's New City Projects Include Sports Dome, Aquatics Center

RJM Construction is seeing an uptick in city projects.

Plymouth Travel Agency Plans “Aggressive” Growth In UK

Travel Leaders Group has added a new headquarters building in London as part of an expansion plan that involves organic growth and future acquisitions in Europe.

Growing Mktg. Firm Relocates To St. Paul’s Union Depot

Nord, which also counts the Union Depot among its clients, relocated to an office space—which is more than three times the size of its previous headquarters—in the recently renovated transit building.

Developer Pitches “Rental Condos”—What Are Those?

A national developer is pitching top-tier apartments near Lake Calhoun.

Why These Restaurants Have Poor Parking

As restaurants replace marginal retail, no one knows where to put the cars.

A Longtime Downtown Retail Survivor Faces A New Challenge

A 30-year-old downtown Minneapollis retail business tries to keep its edge while operating from a shuttered building.

Mayo Takes A Big Step In Growing Sports-Medicine Field With Pro Teams, Block E Clinic

Last month, Mayo announced a partnership with the Minnesota Timberwolves and Lynx in a basketball practice facility and sports medicine clinic inside the former Block E in downtown Minneapolis.

Architect Sought For $97M Target Center Renovation

The $97 million Target Center revamp is now open for bids from architectural and engineering firms looking to finalize the project’s design.

Under-Construction Mpls. Hotel Sold For $38M

The purchase of downtown Minneapolis' Hampton Inn & Suites will boost a Texas-based Real Estate Investment Trust’s local hotel portfolio.

New Owner Plans Calhoun Square Tune-Up

The Minneapolis-based Ackerberg Group expects to close on the deal for the Uptown Minneapolis complex in early April.

St. Paul, Ryan Cos. Finalize Saints Ballpark Contract

The two parties finalized the second part of the deal, valued at $43.8 million; the first part of the contract was valued at $9 million.

Mall Of America Expands With New Hotel, Retail Space

The Bloomington mall confirmed recently that, after closing on $300 million in financing, it plans to add a 700,000-square-foot expansion.

Housing Market Slowdown Blamed On Extreme Cold

Although Twin Cities home sales, new listings, and pending sales were down in January, a new report attributes the slowdown to cold weather, not to long-term weakness in the market.

Growing Fashion Products Firm Relocates To North Loop

Hollywood Fashion Secrets moved from its former 4,500-square-foot offices to a 6,159-square-foot space at 219 Second Street North in Minneapolis.

Opus Plans Downtown Mpls.’ Next Major Development

Opus is planning a large office/residential tower, with “30-plus stories,” at the north end of Nicollet Mall in downtown Minneapolis.

Doran Hotel Project In Dinkytown Is Dealt A Setback

The building housing Camdi Restaurant and Mesa Pizza was designated for a historic-significance study.

All Two-Dozen Stop-N-Go Stores Purchased In MN, ND

The North Dakota-based Stop-n-Go gas station and convenience store chain, which had four locations in Minnesota, was bought out by Iowa-based Casey’s General Stores, Inc.

$3.3M In Grants Will Clean Up 10 Properties

The money will be allocated across 10 different redevelopment projects, more than half of which are in Minneapolis.

Goodwill Keeps Growing In The Twin Cities

The nonprofit has added several local stores in the past couple of years and is now considering a new location in St. Paul.

See How The 400 Bar Is Changing For Its Move To MOA

The hole-in-the-wall music venue will re-emerge as a “music complex” and is gaining some serious square-footage with its move to the fourth floor of the megamall.

After Falling 90% In 3 Mos., Dolan’s Stock Is Delisted

The Dolan Company’s shares will no longer be traded on the New York Stock Exchange; they’re moving to the “over-the-counter” marketplace.

Despite Losses, Target Continues Canadian Expansion

Although Target’s Canadian expansion has hit a few road bumps and incurred financial losses, the company said it has plans to open at least nine more stores in the country this year.

Mpls To Seek Pitches For Key Downtown Property

The downtown Minneapolis site known as the Nicollet Hotel property is in the thick of new development.

Edina Realty Names New CEO, Replacing Bob Peltier

Bob Peltier, who began his real estate career in 1978 and was appointed CEO of Edina Realty Home Services in 2009, is stepping down but will remain chairman emeritus; Greg Mason is the company's new leader.

Another Multimillion-Dollar Data Center Project Underway

OneNeck IT Solutions, a subsidiary of TDS Telecom, just began construction on a $12 million expansion of its Eden Prairie data center.

Developer Pitches 360 Downtown Mpls. Condos

Jim Stanton’s plan would revive the never-built “Eclipse” project.

New Details Emerge For Major Woodbury Redevelopment Plan

Kraus-Anderson and Elion Partners hope to break ground on a major mixed-use development after closing on the purchase of the former State Farm Insurance campus this summer.

Comcast To Stay In St. Paul, Spend Millions On Renovation

The giant cable provider said its new lease at its St. Paul office is effective through 2024, and the company is investing millions into refurbishing the space this month.

Twin Cities LA Fitness Facility Sold For $13.9M

The building that houses an LA Fitness in St. Louis Park has been sold to a Florida-based real estate investment trust.

Target’s Plans Now Call For 10 New Stores, 12 Closures in 2014

Target recently announced plans to open new stores in Ohio, California, New Jersey, and Massachusetts; they will open shortly after Target closes locations in Illinois, Nevada, Georgia, Ohio, Tennessee, and Florida.

Dolan’s Stock Hits All-Time Low On Credit Deal

Since announcing its new amended credit agreement, Dolan’s stock has dropped more than 8 percent, reaching a record low price Tuesday afternoon.

Maurices Unveils Details Of New Duluth HQ (With Images)

Maurices released new details—including renderings—of its planned 11-story headquarters building in downtown Duluth.

Port Authority Markets Macy's Site Amid High Office Vacancy

The St. Paul Port Authority will market the site of the former Macy's store in downtown St. Paul for redevelopment, and it seeks a buyer that can bring its own financing to the table.

Brooklyn Center To Redevelop Shopping Center

The city reportedly bought Brookdale Square for $3.9 million and is planning a large-scale redevelopment.

Mpls Reports Record $1.2B In Construction Projects

Minneapolis broke a record last year for the total value of construction projects it approved, which together were worth almost as much as the 2010 and 2011 projects combined.

Dolan Faces Stock Delisting, Hires “Restructuring Officer”

Minneapolis-based Dolan’s stock has fallen to $0.52 per share, well below the New York Stock Exchange’s listing requirements, and a new executive appointment illustrates continued distress.

CliftonLarsonAllen Acquires Three East Coast Firms

Anticipating more regulatory effects on the financial services industry, CliftonLarsonAllen acquired Bankers Advisory, expanding its mortgage compliance offerings; it also acquired two more firms.

Target Commercial Interiors Is Gaining Momentum

TCI is quietly becoming an influential player in commercial furnishings worldwide, with clients that include Fortune 500 companies, hospitals, universities, hotels, stadiums, and arenas from Target Field to Madison Square Garden.

Historic Twin Cities Venues For Your Next Business Meeting

Channel the spirit of legendary Twin Cities entrepreneurs with a memorable business meeting at a historic venue.

Wells Fargo Goes All In On Downtown East Plan

The company officially signed on to the deal, and its new downtown Minneapolis office towers are expected to house up to 5,000 employees.

Brazil And South Korea Chosen For MN’s New Trade Offices

In addition to the newly announced offices, Minnesota also has plans for a foreign trade office in Germany and has already established an office in China.

Could A Lawsuit Sink The $400M Downtown East Plan?

A new lawsuit challenges the city's role in Ryan Companies’ proposed Downtown East project.

Despite 37 Branch Closures, TCF Stands By Grocery Partnership

TCF is closing one of its downtown Minneapolis branches, along with 37 others in Indiana and Illinois that are housed within Jewel-Osco grocery stores; the move will result in up to 200 job cuts.

Two Cargill Corporate Buildings Sold For $123M

A California investment firm purchased two of Cargill’s three corporate buildings in Hopkins; the two buildings totaled more than 500,000 in square footage.

Ramsey Shopping Center Sold For $14M

Phillips Edison purchased the Northstar Marketplace—which is anchored by a Coborn’s grocery store—last week, marking its fourth shopping center acquisition in Minnesota.

Minnesota GOP Headquarters Moving From St. Paul To Minneapolis' Seward Neighborhood

Party Chair Keith Downey says the move across town and demographic sectors was a strategic decision as well a financial one.

As State Reports Surplus, Dayton Wants To Cut Taxes

Governor Mark Dayton said more than $400 million from the budget surplus should be used for business and middle-class tax cuts.

Town Hall Brewery To Close Temporarily For Expansion

Town Hall Brewery, which has grown in recent years through the addition of two satellite locations, is now investing roughly $600,000 to renovate its flagship brewpub.

New Renderings Of St. Paul Saints Ballpark Released

Ryan Companies’ design team released several renderings of the planned ballpark, which is slated to open for the 2015 season.

Wayzata Firm Sells Power Plant For $625M

Wayzata Investment Partners is selling a Texas power plant to a Houston company for nearly $300 million more than it paid for the plant in 2011.

Report: New Biz Expansions To Bring 1,500 MN Jobs

A new report states that there were 31 business expansions announced during the most recent quarter—bringing the tally to 112 during the first nine months of 2013.

Apple Valley Manufacturer Expands, Adds Jobs

Uponor, a Finnish plumbing and indoor climate systems manufacturer, has added 75 jobs in Apple Valley this year and expects its latest expansion to lead to additional hiring.

Block E To Be "Completely" Renovated

The facility's owners hope that a new Timberwolves and Lynx training facility will bring “cachet” to the long-troubled property.

U.S. Cities Still Struggling, But It Doesn’t Seem So Dire In Minneapolis

In recent years, studies by Forbes, the Brookings Institution and USA Today found that Minneapolis had bounced back—or bounced ever so gently—on the galloping waves of the recession.

Mpls. Firm Buys Duluth Health Care Center For $2.3M

Health Dimensions Group bought Chris Jensen Health and Rehabilitation Center in Duluth and has plans to upgrade the center and add a housing facility.

After $4M Data Center Upgrade, New Facility Is In The Works

DataBank is nearing completion of one Edina data center upgrade and said it’s now planning a second Twin Cities facility.

Dolan Company’s Stock Dives As Revenue Drops 20%

The company is projecting 2013 sales of $152 million, about half as much revenue as it reported a few years ago.

Target Closes Four Stores, Cites Financial Performance

The retailer is closing locations in Florida, Georgia, Arizona, and California based on an analysis of their specific financial performances.

Twin Cities Apartment Vacancy Remains Low

The apartment vacancy rate at the end of the third quarter in the Twin Cities was 2.5 percent; a rate of 5 percent is considered to an equilibrium point between landlords and tenants.

St. Paul Adds To Growing List Of Twin Cities Taprooms

Tin Whiskers Brewing is reportedly gearing up to open a taproom in downtown St. Paul’s Rossmor building.

Plans For Maurices' Duluth Office Tower Scaled Back

The building, which will be owned by Maurices, will be 10 to 12 stories, rather than the previously planned 15, and the overall cost will be reduced as well.

Mpls. To Cover Half Of $97M Target Center Facelift

A deal announced Monday, which must be approved by the Minneapolis City Council, calls for the city to pay $48.5 million for the renovation, as well as at least $50 million in ongoing capital improvements.

Summit Brewing Expands Again, Will Put Its Beer In Cans

Summit recently paid $2.3 million for a building that will house a new canning line.

Plaza Near Vikings Stadium Sold For $17M

The land, adjacent to the Metrodome, is essential to the development of the $975 million new Vikings stadium.

Can Condos Make A Comeback In The Twin Cities?

The luxury “Regatta” condos in Wayzata are one of just a few condo projects now underway.

Mpls. Gets Green Light To Sue Uptown Building Owner

The city accuses a property owner of illegally discharging water into Minneapolis’ Chain of Lakes; the building’s property manager, however, remains hopeful that the parties can come to a “mutually acceptable solution.”

Two MN Shopping Centers Sold To Out-Of-Staters

The asking price for Eden Prairie Center was nearly $100 million, and the Cahill Plaza shopping center sold for more than $8 million.

Another Downtown Mpls. Apartment Tower Planned

The developer Hines plans 291 new units amid an increasingly competitive downtown market.

Stratasys Buys Out Partner, Ups Investment In Japan

Stratasys Ltd. continues its string of mergers and acquisitions as it reinforces its presence in Japan.

North Minneapolis Still Struggling To Recover From 2011 Tornado

The process of identifying owners and buying or condemning “eyesore” properties, City Council President Barbara Johnson says, is bureaucratic “paper jungle” that inevitably takes time.

More Local Breweries Expand, Add Taprooms

North Minneapolis, Marshall, White Bear Lake, and Stillwater are among the places where new “taprooms” are either on the horizon or have recently opened.

Several New Office Buildings To Join Mpls. Skyline

The latest sign in a rebound of office development projects is the new Minneapolis headquarters planned for a local nonprofit.

Downtown Mpls. Office Building Fetches $51.5M

The Canadian Pacific Plaza, a 26-story office tower, was sold to CanPac Owner, LLC.

Mayor Rybak Calls For Intense Study Of Southwest LRT Options During 90-Day Delay

“If we spend 90 days just thinking about stuff, this will be a failure.”

“Spec” Industrial Real Estate Projects Make A Comeback

Opus is the latest to begin work on a new project on a “spec” basis—meaning its new development has no signed leases.

MN Ranks Near Last For Business Tax Climate

A new study factored in corporate taxes, individual income taxes, sales taxes, unemployment insurance taxes, and property taxes when ranking states.

MN Among Least-Affected States During Shutdown

Although a large group of federal employees in Minnesota may be laid off in the coming weeks, a recent report said Minnesota is the fourth-least affected state by the government shutdown.

Mpls. Adds New Rules For Banks Handling Public Dollars

Minneapolis officials recently announced that it has made changes to an ordinance in an effort to increase the transparency of organizations that provide banking services to the city.

Fast-Growing MN IT Co. Buys Another MN Business

Marco, Inc., plans to add about a dozen jobs over the next year to accommodate its continuing growth.

Minneapolis’ Kenwood Makes List Of Top U.S. Neighborhoods

Along with Minneapolis, the list featured San Francisco, Madison, and Evanston.

Twin Cities Data Center Projects Pick Up Steam

A CenturyLink unit is planning a new Shakopee project; some industry experts consider the Twin Cities to be “underserved” by modern data centers.

More Than $318M In Mpls Construction Projects Underway

The city of Minneapolis reported a 67 percent jump in the amount of money spent on major construction projects during the second quarter.

New Upscale Outlet Mall Attracts 19 More Tenants

Twin Cities at Eagan, an upscale outlet mall that is slated to open next August, added 19 more retailers to its tenant list, which already included Saks Fifth Avenue Off 5th.

Compare Mpls’ “Most Expensive Street” To Other Cities

Nicollet Mall demands the highest office rents in Minneapolis, but it’s cheap compared to some streets in bigger cities.

Hotel Brand Charts Significant MN Expansion

Value Place, which describes itself as “the largest economy extended stay lodging franchise in the United States,” has chosen the Twin Cities as one of five markets in which to expand its franchise.

Edina Realty Parent Debuts Berkshire Hathaway Brand

After forming a joint venture to acquire Prudential brokerages, HomeServices of America is transitioning the businesses to a brand that takes advantage of the Berkshire Hathaway name.

MN’s Mortgage Market Sees Fewer Fraudulent Applications

Of the 25 largest U.S. metro areas, the Twin Cities experienced one of the largest year-over-year declines in fraud risk among mortgage applications during the most recent quarter.

Behind Minnesota’s Poverty Numbers: Rates Stabilize, But Job Quality Declining

Ten thousand fewer Minnesota children lived in poverty in 2012 than in 2011. But that’s still 183,763 low-income kids.

Two Downtown Mpls. Office Buildings Are Sold

The Oracle & International Centre in downtown Minneapolis, which features 622,173 square feet of office space, has been sold to a joint venture between Investcorp International and Wildamere Properties.

Mpls’ Median Income Is 24% Above U.S. Metro Avg.

According to the U.S. Census Bureau, the Twin Cities fared above average in 2012 with respect to education, income, and housing value, but it still isn’t back to its pre-recession numbers.

MN Furniture Store Doubles In Size, Plans To Add Jobs

In order to contend with heavy competition, Schneiderman’s Furniture is expanding its Woodbury showroom and plans to add about 10 new jobs.

Dolan Co. Adopts Plan To Limit Stock Purchases

The shareholder rights plan was put in place so that Dolan can pay lower income taxes in the coming years.

St. Paul Touts New Economic Activity Along Central Corridor

The city said that building permits issued along the new light-rail line have hit a five-year high.

Mpls, Wolves Near $100M Target Center Renovation Deal

A planned $100 million renovation of the facility could begin in 2014.

Amid Boom In Metro Projects, Woodbury Attracts Retail Center

The Minneapolis-St. Paul area is leading the nation in retail construction, and construction of Bielenberg Gardens is scheduled to begin in October.

Twin Cities On Track For Increased Population Density

A new report projects growth in the Twin Cities, including a trend reversal that will bring more people to the core cities and to inner-ring suburbs.

Sport Clips Plans Dozens Of New MN Locations

The Texas-based company competes with locally based chains, including Regis Corporation of Edina and Great Clips of Bloomington.

Website’s Antitrust Suit Challenges Practices Of Minnesota Real-Estate Agents

Countersuits have raised interesting questions of whether and how realtors can protect and pool their listing information under antitrust laws.

KSTP Poll: 51% Want State Officials To Rework Vikings Stadium Deal

After the poll questions had been asked, a New Jersey judge ruled that the Wilfs' financial information will be made public in their real estate fraud case, although she is allowing them to appeal.

Fewer Local Homeowners Are “Underwater” On Mortgages

Minnesota fares better than the national average when it comes to “negative equity.”

2 Metro Hotel Properties Hit The Auction Block

Properties in Otsego and Inver Grove Heights will go to the highest bidder.

Worker Dies At St. Paul Saints Ballpark Construction Site

The accident reportedly involved a “partial building collapse.”

Fulton Plans New Brewery, Expanded Distribution

Fulton Beer is adding a 51,000-square-foot production facility in Northeast Minneapolis, which will allow it to boost capacity, expand distribution outside the Twin Cities, and add to its limited and seasonal offerings.

Minneapolis City Council Rejects Dinkytown Development Moratorium

The rejected moratorium came four weeks after the council voted to allow a six-story apartment development project to move forward against the wishes of some residents who campaigned to “Save Dinkytown.”

Med-Tech Co. Medafor Sold For $200M

Minneapolis-based Medafor, which develops medical devices used to control bleeding, is the second Twin Cities med-tech company purchased by C.R. Bard, Inc., in recent years.

Minneapolis Mayor Rybak Proposal: Cut Property Taxes By 1% In 2014

Although Mayor Rybak is not seeking re-election in November, he laid out some long-term proposals for Minneapolis in his final budget speech.

Edina Realty Parent Continues Rapid Expansion

HomeServices of America continues to grow at break-neck speed, this time acquiring Philadelphia-based Prudential Fox & Roach.

Big Upscale Apartment Project Underway In Maple Grove

A Florida developer recently broke ground on the project, which is called Skye at Arbor Lakes and represents one of the largest suburban apartment projects under development in the Twin Cities.

Donaldson Plans $10M Bloomington Expansion

New upgrades to Donaldson’s testing laboratories are expected to boost efficiency and cut costs.

Minneapolis Reverses Course, Opts For Increased Dinkytown Density

The controversial plan to build a 140-unit apartment building on land once occupied by the House of Hanson, Duffy’s Pizza, the Book House and the Podium was approved Friday on a 9-to-4 vote by the Minneapolis City Council.

Dolan Company Reports $140M Net Loss

An analyst said, however, that although the company reported a loss, the move to sell its weak businesses will ultimately allow Dolan to focus on its more successful sectors.

Whole Foods To Anchor Major St. Paul Development

The company is relocating an existing St. Paul location into a larger space in a new mixed-use development.

2 Sentenced, Ordered To Pay $1M For Mortgage Scam

Richard Spady received two years in federal prison for his role in the fraud scheme; he and a co-defendant were also ordered to pay roughly $1.13 million in restitution.

Before CenterPoint Arrives, Neiman Space Gets Facelift

Renovation plans call for adding a “significant amount of new windows on the exterior,” converting the first lower level of the building to parking, and creating a new entrance on Nicollet Mall.

Twin Cities Office Market: Slow Recovery Gets Slower

A new commercial real estate report cited “lethargic” demand for office space in the Twin Cities.

New Law Tightens Foreclosure Rules In Minnesota

Under Minnesota's new foreclosure law, a lender and/or mortgage servicer can’t move to sell a home until the borrower has had a fair chance to seek a loan modification.

Entourage Takes Over Fine Line, Insert Coins

The operator of the Aqua Nightclub & Lounge is adding to its portfolio of Minneapolis venues, with plans for additional expansion on the horizon.

Artists Sought To Fill Vacant Block E Storefronts

One goal of the new program is to “promote leasable space in a new light to potential tenants.”

Duluth's Recent Projects

Here are some of the bigger Duluth development projects.

In Duluth, Making Old Land New

Some sites are or could soon be available.

CenterPoint To Buy Neiman Marcus Space, Move In 2015

Although the deal likely won’t be finalized until 2014, the 100,000-square-foot building on Nicollet Mall is officially off the market, and the energy company hopes the new location will benefit its branding efforts.

TSI Expands Shoreview HQ, Plans To Add 200 Jobs

TSI plans to add about 50 percent more jobs to its corporate headquarters over the next four to five years to occupy its 58,000-square-foot expansion.

Mpls. Holds Public Hearing Over City-Owned Utility

Minneapolis is considering adding a November ballot measure about whether to form a city-owned utility; meanwhile, the Minneapolis Chamber of Commerce and Xcel Energy, which would lose a contract if the city created a utility, have criticized the process.

Minneapolis City Council Approves Downtown East Concept

There was little discussion about plans for two office towers, a parking ramp, a public park, and residential and retail space.

MN Software Co. Makes 4th Acquisition, Eyes More Deals

HighJump Software, a global provider of supply-chain software, acquired Denmark-based Evenex, marking its fourth acquisition since 2008.

Nearly $1M In Incentives Attract 100 MN Jobs

Valley Cartage relocated its headquarters from Hudson, Wisconsin to Lake Elmo after the state offered it a $500,000 forgivable loan and the opportunity to apply for $400,000 in tax credits.

Massive Cargill, CHS Joint Venture Won’t Be Based In MN

Plans call for the proposed Ardent Mills company to be headquartered in Denver, although there are also plans for satellite offices in Minneapolis and Omaha.

CA Co. Taps Ex-Gen. Mills Leader For New Mpls. Office

Communications firm WCG is opening a Minneapolis office in the hopes of expanding its Midwest client base.

Time Running Out In Contentious Light-Rail Dispute

Planners are considering eight options for either moving existing freight traffic to St. Louis Park or keeping it in the Minneapolis Kenilworth corridor, in order to make room for a new light-rail line.

125-Yr.-Old Mankato Kasota Stone Ceases Operations

One of Mankato’s oldest businesses closed down after the recent recession hurt the local limestone market.

$400M Mpls. Project Supported By Wells Fargo, City Panel

A Minneapolis city committee approved the concept behind a massive development project; meanwhile, Wells Fargo publicly confirmed its interest in occupying planned office towers.

Ryan Clears Hurdle For $400M Downtown Project

Ryan Companies won the bid to develop parking structures near the planned Minnesota Vikings stadium; the company had cited the parking project as a key component of its larger redevelopment plan.

$2.5M In Cleanup Grants Pave Way For Grocer, Brewery

According to the Metropolitan Council, $2.5 million in cleanup grants will help add 1,700 jobs and 168 affordable homes.

Crave Owner Expands In North Loop And Uptown

Kaskaid Hospitality, Crave’s parent company, is buying the former Trocaderos nightclub and also plans to lease the Old Chicago space in Uptown Minneapolis.

Co-Working Space CoCo Adding Uptown Mpls Location

In addition to workspaces, the new location will feature a “tap room” with craft beer, a movie theater for presentations and pitches, a billiard room that doubles as a meeting space, and a walkout patio.

MN Business Partners Accused Of $750K Fraud Scheme

IT services providers Joseph Michael Hanson and Timothy John Lambrecht were charged with conspiracy to commit mail and wire fraud; an attorney for one of the men said, “There is no fraud here.”

Surly, HGA Unveil “Destination Brewery” Renderings

Surly Brewing and HGA Architects unveiled the new images as Surly celebrated its seventh anniversary.

Will A Hotel Boost Excelsior's Tourism?

Some say a planned hotel could plug the city’s revenue shortfalls; others say it could destroy the face of a city that prides itself on its historic character.

Can The Dakotas Successfully Attract MN Workers?

Our neighbors to the west continue to market their low tax rates and “pro-business” environment to encourage Minnesotans to relocate.

After Two Months Of Losses, MN Adds 8,400 Jobs

Industries that had delayed hiring due to extended cold weather helped drive job gains in May.

Edina Mortgage Broker Sentenced For $20M Fraud

Between 2004 and 2007, Derrick Lance worked with others to fraudulently obtain mortgage loan proceeds.

Pinnacle Airlines Hits Restart Button, Changes Name To Endeavor Air

Pinnacle is now a Delta subsidiary and its pilots exclusively fly Delta Connection regional flights.

Commercial Real Estate Experts More Pessimistic

A recent survey of 50 commercial real estate professionals revealed continued signs of pessimism about the local market despite optimism about rental and occupancy rates.

St. Paul Ballpark To Cost Extra $8.8 Million For Site Cleanup, Upgrades

After more thorough tests, the price tag for cleanup of the proposed site for a new Saints stadium has risen to $11.2 million.

New 210-Room Hotel Planned For Downtown Minneapolis

Plans reportedly call for a 210-room Hampton Inn & Suites.

Report Examines Impact Of Central Corridor on Area Cos.

A new report from the Metropolitan Council and the Federal Transit Administration includes responses to public comments on a previous report, which some people said lacked a comprehensive assessment of the effect on area businesses.

After Mayo Deal, 25-Story Tower Proposed in Rochester

The proposed project, which will be called Broadway at Center, calls for a hotel, office space, apartments, and more.

Underwater Mortgages in Metro Outpace Nat’l Average

Consequently, since the beginning of 2012, the number of homes for sale locally has consistently been running 25 to 30 percent below the number available at the same time the prior year.

White Bear Lake Man Gets 3 Yrs. for $7M Mortgage Fraud

Former real estate agent Robert Leo Rick received a three-year sentence for a scheme that involved 102 residential properties and defrauded mortgage lenders out of at least $7 million.

State Dedicates $10M for Housing in Job-Growth Areas

As part of an initiative signed by Governor Mark Dayton, $10 million will be used to provide affordable housing to Minnesota areas with booming employment opportunities.

Some Canadians Complain About Target’s Selection, Price

High expectations have left some Canadian shoppers disappointed with Target’s prices and selection; analysts say: Just give it time.

Light Rail May Relocate Freight Line Through Football Field

The Metropolitan Council’s new proposals for re-routing existing freight rail to make room for the Southwest Light-Rail Corridor include a route through the St. Louis Park High School football field.

Mpls. Ranked No. 1 Place for Families to Live in U.S.

Based on the region’s high-performing school districts and low-priced real estate, ZipRealty named the Minneapolis area as the best place to raise a family in the nation.

MOA Lands $250M Tax Break to Kick-Start Expansion

The $1.5 billion, long-dormant project would reportedly double the size of the already massive Bloomington mall.

3 Firms Bid on Vikes Stadium Parking; Stakes High for Ryan

Three local real estate developers submitted proposals to develop parking facilities near the new Vikings stadium development; stakes are high for Ryan Companies, which must win the contract in order to begin a planned $400 million redevelopment project involving a five-block area surrounding the stadium site.

MN Mall Co-Owner Buys Out Partner in $1.46B, 30-Mall Deal

Retail property management firm DDR, which co-owns Riverdale Village in Coon Rapids and 43 other U.S. shopping centers, said Wednesday it will buy out its joint venture partner in a $1.46 billion deal through which it will acquire 30 of the 44 centers.

Mpls., Ryan Pitch $400M Project Near Vikings Stadium

The proposal calls for the development of two 20-story office towers, a skyway-connected parking ramp, apartments, and a green space for “rail-gating”—but it is contingent upon several factors.

Golden Valley Welcomes 6-Story Luxury Apt. Complex

A building with 165 luxury apartment units is being built near The Shops at West End in Golden Valley.

Study: Mpls. Convention Hotel Would Cost $300M

A recent feasibility study shows that a new convention hotel in Minneapolis would cost about $300 million, and 41 percent of that cost would need to come from public subsidies.

Calabrio Moves to Mpls. to Accommodate Growth

Software developer Calabrio moved its headquarters from Plymouth to a 30,000-square-foot office in downtown Minneapolis.

Target Sees Backlash in Canada Over Prices

The first three Target stores in Canada were met with mixed reviews as some Canadian customers believed prices were too high.

Radisson Mpls. Sold for $28.9M, Will Become Radisson Blu

The buyer, a San Francisco-based investment firm, signed a long-term contract with Minnetonka-based Carlson Rezidor Hotel Group, which owns the Radisson Blu Brand, to manage the hotel; renovations will begin later this year.

Surly Buys Land, Picks Builder for $20M Brewery

St. Paul-based McGough Construction, whose former projects include Twin Cities landmarks such as the Guthrie Theater and the Ordway Center, has been selected to build Surly’s so-called “destination brewery.”

After Takeover, Caribou Closes 80 Stores, Rebrands 88 Others

Just months after being taken private, Caribou Coffee is closing 80 locations in several markets; its new owner, meanwhile, will convert another 88 locations into Peet’s Coffee & Tea stores.

Gander Mtn. to Open Firearms Super Center in Rogers

The 30,000-square-foot facility is “focused specifically on fulfilling the needs of firearms enthusiasts,” and it will feature thousands of new and used guns.

Mpls. Cooperative Workspace Shutters After Only 1 Yr.

The Mill in Northeast Minneapolis is closing its doors after about a year of hosting a collaborative workspace for local builders and designers.

Oppidan Invests Further in Oil-Rich ND

Oppidan Investment announced plans for a new office building in North Dakota’s booming Bakken region where it has recently invested in real estate developments.

Construction Delayed on New Maurices HQ in Duluth

Construction on the new downtown Duluth office tower that will house Maurices’ national headquarters will not begin until spring 2013, about 6 months later than projected.

Kieran Folliard Plans Business Accelerator

The former owner of Kieran’s Irish Pub and founder of 2 Gingers Irish Whiskey is offering his talents to emerging food and beverage businesses.

Hundreds of New Luxury Apts. Come to St. Louis Park

Developers say the city is an attractive option for apartments because of the retail development The Shops at West End and the city’s close proximity to downtown Minneapolis.

Ryan Cos. to Net $1.72M for Saints Stadium Design

The design-build contract for the St. Paul stadium will be executed in two parts; Ryan will receive $1.72 million for the design portion, which was finalized Tuesday.

Mortenson’s Take from Stadium Contract Hinges on Timing

Mortenson Construction was selected as construction manager for the new Vikings stadium; it could make up to $15 million for the project, although that figure could drop significantly if it’s unable to complete the stadium on schedule.

Edina Condo Assoc., Managers Settle Discrimination Charges

7000 Sandell Condominiums’ homeowners association and property managers will pay $40,000 to settle allegations that they violated the Fair Housing Act.

Closure of Edward Jones Mortgage Affects 210 MN Jobs

Edwards Jones Mortgage, LLC, a joint venture between Wells Fargo and investment firm Edward Jones, will close next month.

MN Home Foreclosures Drop to Lowest Level Since 2006

However, the number of foreclosures is still three times higher than in 2005; meanwhile home sales in January jumped 11 percent year-over-year.

1 NE Mpls. Brewery Doubles Capacity, 1 Opens Taproom

Indeed Brewing Company plans to double its production capacity through a $250,000 upgrade; 612Brew, meanwhile, will open its taproom on Wednesday.

Plan Gives Women, Minority Cos. 20% of Stadium Construction

A plan from The Minnesota Sports Facilities Authority calls for 11 percent of Vikings stadium construction contracts to go to women-owned firms and 9 percent to minority-owned businesses; only work by Minnesota companies will count toward the goal.

Local New Home Construction Hits Pre-Recession Pace

Construction on a total of 1,344 new Twin Cities homes began last quarter, up 57 percent from the same period in 2011 and the largest fourth-quarter growth since 2007.

2 MN Men to Pay $4.8M, Serve Sentences for Mortgage Fraud

Chad Arthur Anderson received a five-year sentence, while Troy Allen Huston was sentenced to four years and nine months; their fraud scheme involved 32 Minnesota properties.

Edina Realty Parent Buys Another Firm, This One in MO

HomeServices of America, which made a handful of acquisitions last year, plans to continue its growth with additional purchases.

RBC Plaza in Downtown Mpls. Being Sold for $126.5M

Brookfield Properties, which is looking to exit the Twin Cities market, has agreed to sell the building to a California-based real estate investment trust.

Mortenson Among 3 Cos. Vying for Vikings Stadium Contract

M.A. Mortenson Company, Hunt Construction Group, and Skanska AB have submitted bids to oversee construction of the stadium.

Lawson Software Parent Considers Moving From St. Paul

Infor’s current lease at Lawson Commons is set to expire in mid-2015, and a spokesman said the company always explores its options when a lease is up for renewal but added that Infor’s need for physical space in St. Paul has diminished.

Former Twin Cities Leader Aims to Revitalize Detroit

The Kresge Foundation, led by former McKnight Foundation President Rip Rapson, unveiled a 50-year blueprint for Detroit and pledged $150 million to help revitalize the ailing city.

Ryan Cos. Awarded Saints Stadium Contract After All

The City of St. Paul previously selected the company to design and build the new Saints stadium, but public opposition to the contract award prompted the city to seek competitive bids.

Edina Realty Parent Buys CA Firm, On Acquisition Spree

Minneapolis-based real estate brokerage firm HomeServices of America, which made a series of acquisitions last year, has continued the trend into the new year with its purchase of California-based Guarantee Real Estate, one of central California’s largest brokerage firms.

Mille Lacs Band of Ojibwe to Buy 2 St. Paul Hotels

The band’s leaders did not disclose the names of the hotels, although sources told local news outlets that they are the Crowne Plaza and DoubleTree in downtown St. Paul.

Minnetonka-based The Business Bank Sold to Bell State

Bell State Bank & Trust’s parent company is acquiring Minnetonka-based The Business Bank and its mortgage division; together, the two companies originated nearly $3 billion in mortgages last year.

U.S. Bank, Wells Fargo Part of $8.5B Deal with Regulators

U.S. Bancorp said that its portion of the $8.5 billion settlement includes $80 million in cash and about $128 million in mortgage assistance services; Wells Fargo, meanwhile, will pay $766 million in cash.

Twin Cities Residential Building Surged in 2012

For the full year, there were 4,275 residential construction permits issued for a total of 9,035 units—nearly double the number of total units permitted in 2011.

Small Gas Stations Are Running on Empty

Where are all the gas stations going?

Opus to Build 2nd Luxury Apt. Complex in Downtown Mpls.

Vélo, which will cater to residents with active lifestyles, will offer 101 luxury units and its first level will include 12,000 square feet of retail space.

New MN Firm Plans IPO, Will Buy And Resell Homes

Recently-formed Silver Bay Realty Trust Corporation, which will buy distressed properties for rental and resale, is hoping to raise between $238 million and $265 million through an initial public offering.

Emerson Considers Expanding to Shakopee, Bringing 500 Jobs

On Tuesday night, the Shakopee City Council will discuss Emerson’s request for a $6 million assistance package; an Emerson spokesman said Shakopee is one of “multiple options” that it’s considering for expansion.

Minneapolis Sees Building Boom; 2012 Projects Top $1B

The city’s permitted construction projects surpassed the $1 billion mark for the first time since 2000.

CBRE's Peyton Steps Down; New Local Leader Named

Blake Hastings, who most recently served as senior vice president at the Phoenix office of Cassidy Turley, will succeed the longtime leader at CBRE's Minneapolis office.

Local Home Prices Continue Climb, Outpace Other Metros

Local home prices rose 8.8 percent between September 2011 and September 2012; among 20 major metro areas measured, only Phoenix posted a more significant year-over-year gain.

Famous Dave’s Expands With 21 New Franchise Deals

Eighteen of the new restaurants will be in California, and a single new location will open in the cities of Lansing, Michigan; Independence, Missouri; and Yakima, Washington.

2 Downtown Mpls. Hotels Sold; 1 to Rebrand as Hyatt

The Hotel Minneapolis was sold for $46 million, and the downtown Minneapolis Comfort Suites was purchased for an undisclosed sum and will become a Hyatt Place.

Wells Fargo Leases More St. Louis Park Space, Consolidates

Wells Fargo said that it will consolidate three suburban locations over the next three years and shift about 1,000 workers to the Metropoint complex in St. Louis Park, where it just signed a long-term lease.

2 MN Companies Relocating HQs Within the State

In early 2013, Sebesta Blomberg plans to move its headquarters from Roseville to St. Paul; Hawkins, Inc., will then relocate its corporate office from Minneapolis to the Roseville space.

Edina Realty Parent To Quadruple Footprint

Residential real estate brokerage firm HomeServices of America has formed a new joint company that will launch a real estate brand called Berkshire Hathaway HomeServices and more than quadruple its network of brokers from about 16,000 to more than 69,000.

Former DEED Chief Explains Why He Left for Kraus-Anderson

Mark Phillips, who became DEED commissioner in January 2011, said he was “a good fit for a good part of the DEED work” but didn’t enjoy the administrative part of his role; he plans to retire in about five years and wanted to end his career in the private sector.

St. Paul to Accept Bids for Saints Stadium After Lawsuit

The announcement—which St. Paul Mayor Chris Coleman said is “in the interest of transparency”—comes five days after the Taxpayers League of Minnesota filed a lawsuit to halt construction of the $54 million stadium, claiming a violation of public bidding procedure.

Report: 33 S. 6th/City Center to be Sold for $207M

Citing an unnamed source, the Star Tribune reported that 33 South Sixth is expected to be sold to a San Francisco real estate firm.

Downtown Mpls. Neiman Marcus to Close Jan. 31

The store will be fully stocked for the holidays and will offer items from the highly anticipated limited holiday collection that Neiman Marcus and Target partnered to create.

St. Paul Lands $403K for Hamm’s Brewery Project

The renovated 8.8-acre site is expected to house a commercial kitchen and a produce and fish farm—and it is among the locations being considered by St. Paul’s Flat Earth Brewing Company, which is looking for a larger space.

3M to Build Maplewood Facility for 700 Researchers

About 700 existing 3M researchers will occupy the new lab facility, which is expected to be completed in 2015.

Mpls.-based Ryan Cos. to Design, Build Saints Stadium

Ryan Companies US, Inc., will serve as the general contractor and lead designer for the new $54 million Lowertown ballpark.

Block E AMC to Close; Uptown Theatre Reopens

The AMC Theatre in downtown Minneapolis will close September 23; meanwhile, the renovated Uptown Theatre reopens this week, complete with a larger screen, new seats, and a full-service bar.

Opus Sells New Stadium Village Flats for $43M

The Opus Group sold the Minneapolis development to Chicago-based Harrison Street Real Estate Capital, which bills itself as the nation’s third-largest owner of student housing projects.

Medica Buys Its Minnetonka Headquarters for $42M

The nonprofit health insurer has been leasing 401 Carlson Parkway since 2004, and a spokesman said that buying the building will help the company meet its long-term needs and reduce operating costs.

United Properties Makes First Foray Into Assisted Living

The new Cherrywood Pointe community in Roseville offers assisted living to seniors; United Properties said it hopes to add more assisted-living developments but doesn’t yet have definitive plans.

Report: 94% of MN Counties Lack Affordable Rental Housing

The Minnesota Housing Partnership also found that about half of Minnesota renters paid more than they could afford for their homes in 2010.

10-Story Luxury Apartment Bldg. Coming to St. Louis Park

Construction of 36 Park, a 192-unit luxury apartment building, is expected to be completed in March.

Lennar Debuts “Multigenerational” Homes in MN

Lennar is adding “home-within-a-home” floor plans to its Minnesota product lineup; the company said it is tapping into a growing trend of multiple generations living together.

Dayton Bros. Who Own Bachelor Farmer Buy 2nd North Loop Bldg.

Eric Dayton and Andrew Dayton haven’t revealed specific plans for the new property, for which they paid $825,000.

Wells Fargo Will Invest $9M to Boost Local Home Buying

Wells Fargo’s NeighborhoodLIFT program will offer down payment assistance of up to $15,000 to qualified homebuyers seeking to purchase a home in Minneapolis or St. Paul.

Twin Cities Outpacing Other Major Metros for Home-Price Growth

Local home prices rose 5.7 percent between June 2011 and June 2012; among 20 major metro areas measured, only Phoenix posted a more significant year-over-year gain.

Reinventing Murray's: A Radical Renovation

A radical renovation aims to put the 66-year-old restaurant on a glide path to 100.

Northwest Packaging: The Last Manufacturer on University Avenue

As the avenue transforms into a transit corridor, Northwest Packaging is staying put

Estate Planning Professionals on “Having the Talk”

The importance of discussing your estate plans with your heirs.

Canadian Pacific Moves U.S. HQ; Downtown Mpls. Bldg. Renamed

One Financial Plaza is now called Canadian Pacific Plaza, a change that is part of the building’s lease agreement with its new tenant.

Kraus-Anderson to Build $39M Apt. Complex in Downtown Mpls.

Two other local companies are involved with the Third North project; it was designed by UrbanWorks Architecture, LLC, and developed by Schafer Richardson—both of which are based in Minneapolis.

5 MN Cities Rank Among 25 “Best Places to Live” in U.S.

Eden Prairie, Woodbury, Eagan, Lakeville, and Maple Grove are among the best small U.S. cities in which to live, according to an annual ranking by CNN’s Money magazine.

Hines Confirms It Bought the Galleria for $127M

The Houston-based company said that it does not plan to change the mall’s tenant mix or management staff.

2 Local Mortgage Loan Officers Plead Guilty in $1.8M Scheme

Chad Anderson and Troy Huston each face up to five years in prison for allegedly brokering fraudulent mortgage loans.

Acctg. Firm Eide Bailly Acquires Mpls. Firm, Grows Practice

Cost Seg Associates, a Minneapolis-based firm devoted exclusively to cost segregation studies, has merged with Eide Bailly.

Atlanta Co. to Buy MN Manufacturer, Add Lakeville Jobs

Consolidated Container Company plans to acquire Moorhead-based Roffe Container and build a new manufacturing facility in Lakeville, where it will add jobs.

MOM Brands Moves HQ From Mpls. to Lakeville

The new headquarters will reportedly be located in a building next door to a technical center that MOM Brands has operated since 2009; the two buildings together comprise 165,000 square feet and are spread across 20-plus acres.

Monticello Manufacturer Plans Plant Expansion, Hiring

WSI Industries said that its 47,000-square-foot expansion will accommodate new machinery and new employees.

Surly Selects HGA Architects for $20M “Destination Brewery”

Surly sought applicants “with a strong local presence”—and it has chosen Minneapolis-based HGA Architects for its brewery project.

City Seeks Developers for 100 "Green" Homes in N. Mpls.

Minneapolis is now accepting proposals from developers to build 100 “green” homes in North Minneapolis over the next five years using $3 million in grants and loans.

Mpls. Concert Venue The Brick Renamed, Renovated

The venue, which is now called Mill City Nights, said that it has renovated the club to create a “smaller, more intimate venue that is certain to deliver on customer expectations.”

Murray’s in Downtown Mpls. to Close for Renovations

The iconic downtown steakhouse will undergo a six-figure renovation, adding private dining, a horseshoe bar, and new décor—changes that the restaurant expects will generate more revenue and attract a younger demographic.

Finally, Some Love for Southdale

A $20 million renovation seeks to restore the mall’s grandeur and commercial mojo before year’s end.

Gone Fishing

A tale of two tilapia farms, right here in River City.

Clothing Retailer H&M Coming to Calhoun Square

The retailer, which currently operates three other stores in Minnesota, is putting down roots in Uptown Minneapolis.

90 Applicants Vying for $47.5M in State Grants

Some high-profile projects—like the proposed St. Paul Saints ballpark and the Southwest Corridor light-rail line—previously announced plans to seek a share of the state funding, but 90 applications have now been filed.

MN Condo Assn. Accused of Unlawfully Prohibiting Children

A condominium association for Greenbrier Village in Minnetonka and association management firm Gassen Company are accused of discriminating against potential homeowners and renters by enforcing an adults-only policy.

Every Night is Opening Night

Through 20 years, good and bad, St. Paul Saints fought the good fight, remaking minor league baseball while they were at it. Now, if they could only get out of Midway Stadium.

When Will Umore Be More?

Can the University of Minnesota’s multidecade project to turn 5,000 acres of land into a sustainable community succeed—or will it just make a lot of money mining gravel and sand?

PBS Special Features Southdale As 1 of 10 Influential U.S. Bldgs

When the Edina complex opened in 1956, it served as the first enclosed shopping mall in America—and hundreds of other shopping malls across the United States were subsequently modeled after it.

8th Guilty Plea Entered in $14M Cloud 9 Mortgage Fraud

Joseph Steven Meyer and other co-conspirators allegedly defrauded mortgage lenders in conjunction with a condo project of bankrupt St. Paul developer Jerry Trooien, who has not been charged.

Surly Mulling 4 Locales for $20M “Destination Brewery”

The short list of possible sites for the brewery include two in Minneapolis, one in Brooklyn Center, and a fourth in an unnamed “inner suburban” location.

Xcel to Expand Minneapolis HQ in New Bldg by Opus

The 212,000-square-foot office building would house approximately half of Xcel Energy’s 1,500 downtown Minneapolis employees; the other half would work at Xcel’s current headquarters across the street.

Which Are the Priciest Local Homes on the Market?

At the top of the list is a $24 million mansion on Lake Minnetonka in Orono, which is currently owned by former Vikings co-owner James Jundt.

Council OKs St. Paul’s Pursuit of Saints Stadium Funding

St. Paul will ask for more than half of the $47 million that the state has set aside for economic development projects—and it faces growing competition for those dollars.

HomeServices Makes Fourth Acquisition this Year

HomeServices of America recently purchased a business in Missouri after making acquisitions in Oregon, Washington, and Connecticut earlier this year.

Commercial Real Estate Leaders Become Slightly Pessimistic

Fifty local commercial real estate leaders-asked about their expectations for future vacancy rates, rental rate growth, development costs, and financing for new projects-have changed their two-year outlook from slightly optimistic to slightly pessimistic.

MN Developer Jeff Wirth Pleads Guilty to Tax Fraud

The Wirth Companies owner Jeffrey Wirth admittedly conspired with his ex-wife and their tax preparer to evade federal taxes, funnel money out of the company, and use the funds for personal expenses, including the building of a mansion on Lake Minnetonka.

Man Accused in Cloud 9 Mortgage Fraud Indicted in 2nd Scheme

Jared Mitchell Rothenberger, 43, of Minneapolis, was charged Wednesday in federal court and accused of defrauding mortgage lenders out of millions of dollars in connection with the Chateau Ridge condo development in Burnsville.

Best Buy to Expand Bloomington Facility, Add Workers

The City of Bloomington's Planning Commission unanimously approved Best Buy's plan to add 155,867 square feet to an existing facility in the city.

United Properties Acquires Meridian Land Company

Financial terms of the deal, which was completed on Monday, were not disclosed.

HomeServices Continues Expansion With 2nd Buy in a Week

The acquisition of Prudential Connecticut Realty marks HomeServices of America's entry into the northeastern region of the country and is part of a national expansion.

Re/Max Results Acquires St. Cloud Realty Office

Re/Max Results, which opened its first St. Cloud office last year, is strengthening its presence there through the purchase of Re/Max Realty Source.

Hotel Today, Gone Tomorrow-April 2012

Graves Hospitality prepares to cut ties to a NYC hotel it just opened.

Locals Revive Failed Webdigs After Buying Its Assets

Fiontrai II, an investment company that was started earlier this year by Brenton Hayden and Ryan Marvin of Renters Warehouse, bought the trademarks, website, and proprietary software of Webdigs, Inc., a publicly-held online real estate brokerage that has ceased operations.