latest articles

September Home Prices, Number of Sales Drop

The median sales price and the number of sales of Twin Cities homes were down from the same period last year, but there was increased market activity in 2009 due to the approaching tax credit deadline.

Hecker Ordered to Give Up Cash, Says He Spent It

After a judge gave Denny Hecker a 24-hour deadline to turn over insurance checks that allegedly belong to the bankruptcy estate, the fallen auto mogul responded with a 30-page account of how he spent the funds.

Marathon Agrees to Sell MN Assets for $900M

The company, which first announced plans to sell its Minnesota assets in May, signed definitive agreements with two private-equity firms to sell its St. Paul Park refinery and 166 SuperAmerica stores for $900 million.

MN AG Asks Mortgage Lenders to Halt Foreclosures

Lori Swanson has asked Bank of America, J.P. Morgan Chase, Minneapolis-based GMAC Mortgage, and 12 other major lenders to voluntarily stop foreclosures within the state until they can prove that they are following a fair and accurate process.