April 2017

Found 4 blog entries for April 2017.

North Loop Twin Cities Development Ambitious and expensive new development plans are sure to change the already distinctly non-warehouse character of Minneapolis' North Loop. It has become a desirable "condo capital" and apartment center of the near-downtown area. But new housing, and other modern development, come at a price.

Availability of surface parking that once made the North Loop attractive for residents and visitors alike is now being sacrificed to allow new buildings to rise from the rubble. And what was once a district of low-rise commercial buildings, brick factories and solid warehouses is now reaching skyward.

Hotels, retail, condos, and underground parking -- they're what's coming to replace street level parking in Minneapolis' North Loop. The hotels and condos, newly

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Police Facility Real Estate Saint Paul is looking to sell off a piece of property formerly used as a police training facility because it believes its "higher and better" use can be achieved by the private sector rather than through continued city ownership. The Public Safety Annex is due to be vacated by the end of the year.

What the future will be for the property remains to be seen, but city officials now hope that creative uses for the building will be among the proposals. Saint Paul has said that proposals to demolish the building or to convert it to housing will not be considered. Instead, officials hope that the building will see new life as some sort of career-building or job-training center, and would accept limited retail use, along with a possibility for innovative

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Automation in Commercial Real EstateTechnology has made information gathering and management easier and faster. But it is also transforming the way we all transact business. As automation gains hold -- in terms of collecting rent, tracking transactions, guaranteeing payment and keeping records, there will be huge changes in the world of real estate, particularly for landlords and investors. What does the future look like?

Nothing Like Today

Predicting the future has always been iffy, but the element of risk is also what makes it exciting in many ways. Thinking ahead may be disconcerting as well. A recent article on the future that might be in store for today's real estate agents sheds a sobering spotlight on the prospect of more tasks becoming automated, more deals being made through

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iconic macy's to undergo adaptive re-use renovation What was termed by Mayor Betsy Hodges as a "huge opportunity for downtown Minneapolis," is now clearly a priority. The new owner of the former Nicollet Mall Macy's store last week announced the development team tapped to rework the one million square feet of the downtown landmark property into a modern mixed-use development.

Sale of the complex at a price of $59 million to New York developer 601W Companies was made public in December of last year, and the subsequent store closing schedule was announced soon after by the retailer.

Real estate developer United Properties was named local development manager for the massive project. The firm is relocating from its Bloomington headquarters, where it has been for 35 years, to Gaviidae Common in Nicollet

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