Nicollet Mall demands the highest office rents in Minneapolis, but it’s cheap compared to some streets in bigger cities.
Real Estate
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.
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.
Ten thousand fewer Minnesota children lived in poverty in 2012 than in 2011. But that’s still 183,763 low-income kids.
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.
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.
In order to contend with heavy competition, Schneiderman’s Furniture is expanding its Woodbury showroom and plans to add about 10 new jobs.
The city said that building permits issued along the new light-rail line have hit a five-year high.
The shareholder rights plan was put in place so that Dolan can pay lower income taxes in the coming years.
A planned $100 million renovation of the facility could begin in 2014.
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.
The Minneapolis-St. Paul area is leading the nation in retail construction, and construction of Bielenberg Gardens is scheduled to begin in October.
Countersuits have raised interesting questions of whether and how realtors can protect and pool their listing information under antitrust laws.
The Texas-based company competes with locally based chains, including Regis Corporation of Edina and Great Clips of Bloomington.
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.
Properties in Otsego and Inver Grove Heights will go to the highest bidder.
The accident reportedly involved a “partial building collapse.”
Minnesota fares better than the national average when it comes to “negative equity.”