Peter Diessner succeeded his uncle Bruce Engelsma in March to become the third generation of his family to lead Kraus-Anderson Companies, the 127-year-old Minneapolis firm composed of four businesses specializing in construction, real estate development, insurance, and financial services. Kraus-Anderson owns and manages a portfolio of nearly 6 million square feet, including more than 70 commercial properties in Minnesota and the Upper Midwest. Despite a post-pandemic glut of underutilized office space nationwide, Diessner says Kraus-Anderson is down to single-digit vacancies. Among the projects to watch in 2025 is its reimagining of the Southtown shopping center in Bloomington.