Three remodeling projects celebrate the clean lines of old buildings.
Real Estate
Hempel sold the Rockridge Center to Recency Centers, which also recently purchased the Calhoun Commons shopping center in Uptown Minneapolis.
A building in Minneapolis and a building in St. Paul were selected as finalists in a ranking of the nation's top affordable housing projects-and both were recognized in the historic rehabilitation category.
Hennepin Theatre Trust has moved into new offices in downtown Minneapolis, and construction of the New Century Theatre begins in full force on Friday.
The Minnesota Department of Commerce alleges that Modify My Loan US began operations in Minnesota without a license, used false advertising, didn't disclose its poor financial condition to customers, charged fees for services that weren't actually provided, and failed to issue promised refunds.
Welsh Property Trust has purchased a 741,092-square-foot industrial building located in the Indianapolis suburb of Plainfield, Indiana.
A proposed development project may bring a new hotel, retailers, and an entertainment center to Minneapolis' North Loop neighborhood.
Four development projects were pitched for the historic Grain Belt site in northeast Minneapolis.
Chad Wegscheider reportedly is accused of conspiring to commit mortgage fraud related to the conversion of apartment buildings into condominiums.
Downtown Minneapolis strip club Schiek's has been bought by the owner of competitor Rick's Cabaret, and it has been renamed The Downtown Cabaret.
Mid-year data from NorthMarq shows that the vacancy rate for all property types in the Twin Cities is down, but the road to recovery still appears long and slow.
Derrick Lance is charged for his alleged role in a $20 million mortgage fraud scheme involving 57 properties. Lindsey Rae Loyear, meanwhile, was charged on Friday for her role in a mortgage fraud scheme involving the Cloud 9 Sky Flats development in Minnetonka.
Plans for the former Jaguar dealership in Minneapolis include a six-story luxury apartment building and a 37,500-square-foot grocery store, according to a report by Finance & Commerce.
The debate over where the Vikings should play revives a familiar plan for a sports and entertainment corridor near Minneapolis’s North Loop. Bruce Lambrecht, one of Target Field’s earliest and most controversial advocates, believes his ideas can win again.
During the state shutdown, the Commerce Department isn't processing licenses and renewals for some real estate professionals-which is leaving some without work and keeping new agents from entering the field. And an extended shutdown would have a much larger impact, which could be felt by homeowners and prospective buyers.
According to a new real estate report, Red Wing is the most expensive Minnesota housing market, and Owatonna is the least expensive; with an average listing price of $329,782 for a four-bedroom, two-bathroom home, St. Louis Park is the most-expensive market within the Twin Cities metro area.
Block E owner Alatus claims that the development would generate about $125 million in annual gaming tax revenue for the state and create more than 2,400 jobs. But a state law currently prohibits casinos outside of Native American reservations, and the Minneapolis mayor says he opposes more gambling in Minnesota.
Home sales in November were down 39 percent from last year-when numbers were inflated due to the expiring homebuyer tax credit-but they were consistent with 2007 and 2008 levels.