Finance & Commerce

01/18/2025

Nick Erickson talks about Housing First Minnesota’s legislative agenda, how he got into the homebuilder advocacy business, the state of the power struggle in the Minnesota House and Senate, and more.

With Minnesota 100,000 homes short, lawmakers discuss zoning, affordability, and bipartisan solutions to tackle the state's housing crisis.

01/17/2025

Lisa Christianson, previously the founder and principal of the firm Christianson & #38; Co., has joined the Colliers Minneapolis office as a senior vice president, following the purchase of her firm by the brokerage giant, according to a press release on the topic.

Colliers acquires Christianson & Co. Lisa Christianson joins as SVP, bringing her team and decades of brokerage expertise to the Minneapolis office.

01/17/2025

President-elect Donald Trump has proposed trillions of dollars of tax cuts for individuals and businesses. In some states, governors and lawmakers are seeking to cut millions more.

01/17/2025

This week’s On the Market features two versatile commercial properties in the inner suburbs.

01/17/2025

Edina-based Endeavor Development wants to develop two new industrial buildings on a former insurance company campus in Eden Prairie, a project that received a thumbs-up from the city’s planning commission.

Endeavor Development plans two industrial buildings in Eden Prairie, featuring sustainable designs, EV stations, and over 174,000 sq. ft. of space.

01/17/2025

A 266-unit apartment complex in St. Anthony has been sold for $35.1 million, according to a certificate of real estate value released Wednesday.

Equinox Apartments in St. Anthony sold for $35.1M, a 19.8% drop from its 2021 price. Artisan Capital Group now owns the 266-unit complex.

01/17/2025

The ElseWarehouse, a 100-year-old converted apartment building in Minneapolis’ North Loop, traded hands between its developer and a North Dakota company, according to a press release from Colliers.

The 100-year-old ElseWarehouse in Minneapolis' North Loop sold for $40.25M in a 1031 exchange, boasting 116 apartments and 16,000 sq. ft. of retail space.

01/17/2025

As part of its plan to build a new office building and corporate headquarters in Edina, The Opus Group promises to bring new life to a high-profile site that was previously approved for an apartment building.

Opus Group plans a 112,000-sq.-ft. Class A office HQ in Edina's Grandview District. Sustainable design and retail aim to activate the area by late 2026.

01/17/2025

A project to redevelop the 61-year-old State Street Campus Garage in Madison into a mixed-use housing development has reached its second phase.

01/16/2025

UnitedHealth posted a better-than-expected profit in the final quarter of 2024, but a nagging rise in medical costs and care utilization surprised Wall Street.

01/16/2025

The Department of Housing and Urban Development announced this week that the group would be opening applications for a new round of funding for the Youth Homelessness Demonstration Program, according to a press release from the agency.

01/16/2025

For the third year in a row, the “Start With Home” rally will be held in the Capitol rotunda, by a coalition of housing policy advocacy groups and developers, according to a social media post from the Minnesota Habitat for Humanity.

01/16/2025

U.S. inflation rose 2.9% in December from a year ago, the third straight increase after inflation fell to a 3½ year low of 2.4% in September.

01/16/2025

Homebuilding is a hot topic these days in Lino Lakes, where a pause on new residential development is in effect for an area in the northwest part of town.

Lennar proposes 113 townhomes & 149 single-family homes in Lino Lakes. Moratorium halts some projects, but Peltier Ponds and others progress.

01/16/2025

Realtors, investors and would-be homebuyers should get used to the middle 6% mortgage rate because it’s not likely to be going anywhere, according to the top economist at the National Association of Realtors.

Mortgage rates near 6% are the new normal, says NAR's Lawrence Yun. Experts predict modest market changes and a potential rise in second home purchases.

01/16/2025

Community Resource Bank of Northfield is merging with 1st United Bank of Faribault, the banks announced in a press release Wednesday.

01/16/2025

Minneapolis-based Kraus-Anderson has completed a new seven-story, upscale mixed-use apartment building in Hopkins.

01/16/2025

Some architects are using biophilic elements, specifically trees, in the design of homes and apartments.