Three separate stories were in the news recently: Renter-dominated urban centers, higher costs of construction, and record high prices for existing apartment buildings. What does that have to do with the Twin Cities? Rented vs. Owned Housing It shouldn’t be a total surprise for anyone involved in urban real estate or multi-family investment, but recent statistics […]
A new event center in what has been termed a “spectacular” old Saint Paul building is planned, with work slated to begin this summer, and another larger event center and restaurant are planned in what was once a Pillsbury machine shop near St. Anthony Main in Minneapolis. Work has already begun and opening is expected […]
Minneapolis and Saint Paul consider it fortunate in that their water supply is the Mississippi River and, at least for the time being, the supply is abundant. Minneapolis was the first in Minnesota to have a public drinking water system, and today it is a modern enterprise that supplies water not only to the city, but […]
It looks as if St. Paul might be getting new office and retail space as well as additional parking and some new housing. That’s all good news for the capital, which has been looking for a way to reshape the riverfront. A new 5-star hotel may also be waiting in the wings, but details have […]
After years of substantial growth and good times, will 2017 be the year it all dies down in terms of commercial real estate growth in the Twin Cities? Some brokers see a slowdown, but that doesn’t mean a stop sign. It may be more of a lane change, at least in some areas of the market. […]