Real Estate

The commitment will help fund projects across the U.S.

The Midtown Corner project had been slated to open in spring 2021.

Following the permanent closure of the St. Paul location, Izzy’s Ice Cream looks for a more affordable headquarters.

The Minneapolis developer sees a “resilient economy” in the Lone Star State’s capital.

February median sales price had been near all-time high.

While many co-working spaces close their doors and seek ways to support members remotely, some still remain open.

Life Time Work will occupy the top three floors of the Thirty office development in the former YMCA building.

In South Minneapolis, construction is underway on a project featuring a Lunds & Byerlys grocery store and a 130-unit apartment complex.

New developments push vacancy rates higher, while demand for more amenities drives higher rents.

Data report shows Hennepin County saw one third of the state’s house flips.

Builders pulled 406 permits in February, marking a nearly 20 percent increase over the same period in 2019.

More than half of units are under purchase agreements.

Prices have nearly doubled since 2011.

The two previously teamed up for the Northern Stacks project in Fridley.

He’s remembered as “a person who just got things done.”

Overbuilding in some sectors of apartment and hotel markets an emerging concern

City’s planning commission endorses concept plan for what would be one of the largest mixed use developments in Maple Grove history.

The upscale retail center sold for $127 million in 2012.

The firm is moving its Minneapolis office from downtown to a 42,000-square-foot space in the North Loop’s Nordic building to accommodate workforce growth.

The co-working community for women, non-binary and trans individuals is opening a second location that will be first in the Twin Cities to offer on-site childcare.

The Viking Lakes Innovation Center, the first commercial office building on the Viking’s multi-purpose development in Eagan, is now halfway leased.

The bank says it has teamed up with nonprofit developer Aeon and three local foundations to prevent affordable housing units from being converted into high-rent apartments.

Albert Lea-based online commercial design platform Mortarr brings design inspiration home to its headquarters.

Twin Cities area tenants are willing to pay for better office "experience."

The restaurant is negotiating a lease extension with the landlord, spokeswoman says. If negotiations fall through, the space becomes available June 1.

Downtown Hibbing’s new co-working space is slowly gaining traction in the community, says owner Karine Woodman

Anytime Fitness co-founders Chuck Runyon and Dave Mortensen were in Antarctica to celebrate becoming the first franchise chain on all seven continents.

The new headquarters is a short walk from the Shops at West End.

Local businesses pitched in for the Urban Oasis home. Ideally, customers follow.

Prior Lake-based Copper Creek is seeking financial assistance from the city to build the center.

National retailers headed for the exits in Lake & Hennepin area market

Welcome to the boomtown for shared office space.

Mortenson led firm for decades and built one of largest construction companies in the United States.

Flood of units with seven-figure price tags are inundating downtown Minneapolis.

Ryan Cos., Excelsior Group have begun building 10 West End – an office building with no committed tenants.

Boutique firm to focus on local businesses and clients

Can an app make it easier for homeowners to take their own real estate photos?

The funds will help expand the scope of SkyWater’s tech offerings and help keep the chip industry in the U.S., company officials say.

NAIOP, the Commercial Real Estate Development Association, recognizes this year's top projects throughout the state of Minnesota.

A quick look at the plans for the former West Publishing site in downtown St. Paul.

The company is looking to fill about 200 positions for the new 147,000 square-foot co-working and sports facility at the Edina mall—its largest site to date.

CBRE Group sees room to grow for flexible office space market.

Nashville location to open in 2020.

The developer has secured permitting for a 92-unit apartment building in St. Paul’s Capitol Heights neighborhood.

The company is staying in downtown Minneapolis, but it’s moved to roomier digs.

The 284-unit senior living center will gain 96 new apartments, along with a new health center building.

The firm aims to move into the new skyscraper in early 2022.

Prices start at $900,000 for units in Eleven tower

Later this summer, “several new tenants” are slated to be revealed, the company says.

Home sales, however, are still on the downswing, with single-family home sales declining 7.5 percent year over year.

Developers of the Dayton's Project sought the designation, which makes the retail/office project eligible for federal tax credits.

The company is also planning a full renovation to the space.

The company has signed a 130-month lease for the second floor of the former TCF Bank Building.

Sable project allows condo owners to use units for short-term rentals.

The company will rebrand the 727,170-square-foot building as Two22.

New loans for three of its market-rate apartment projects

The 41-story tower will be tallest residential building in Minneapolis.

Shared office space keeps growing; WeWork opens Monday in North Loop.

In a recent University of St. Thomas survey, homebuilders shared “very pessimistic” views on land costs.

Former JB Hudson space has historic appeal.

Pohlad Companies will relocate to tower, take three floors of space.

Last month, median home prices grew 5.2 percent to a record $285,000.

Deals add 170,000 square feet to firm’s portfolio.

Fast growth drives expansion and addition of new executives.

In a recent University of St. Thomas survey, a panel of commercial real estate leaders expressed concern about increasing costs of land and building materials.

The new property would feature a mix of hotel rooms and office space.

Single-family homes are on the downtrend, but multi-family units appear to be on the rise.

Once developed into an industrial hub, the site could generate 1,000 new jobs

Though slight, the change marked the first decline in seven years.

Projects calls for 201 new rooms in downtown Minneapolis.

Minneapolis-St. Paul is 10th market for new service from the company best known for its online real estate listings.

The 100-plus page report included 18 possible locations and endorsements from local CEOs, but maximum value of possible state, local incentives never calculated.

Just one year after completing a $36 million office building in North Minneapolis, the largest minority-owned construction company ran into irrevocable financial woes.

Magnet360 turned a typical office into its dream space, with equal parts collective and private work zones.

The expansion of the company’s Armament Systems unit headquarters is expected to generate 60 new jobs, and will receive $1.3 million in financial support from DEED.

The Twin Cities’ first Life Time Work is now open in St. Louis Park, and filling up fast. More are planned locally and nationwide.

The shift comes as many are calling for more renter inclusion in neighborhood organizations as part of Minneapolis’ Neighborhoods 2020 plan.

The massive plan to turn 48 acres of riverfront land into housing, businesses and an outdoor performance venue was approved Friday. Here's a look at the costs and the challenges ahead.

The Fenley is the latest project at the Bloomington Central Station site.

Shared workspace options are growing at a rapid clip, although The Riveter focuses on women workers and entrepreneurs.

Groundwater pollution from old construction materials has prompted the Minnesota Pollution Control Agency to look at revamping landfill rules.

We explore the benefits and challenges of the mixed-use development approach.

RJM Construction is forcing a sheriff’s sale on the arts center’s Minneapolis headquarters after incurring extraneous expenses from a top-to-bottom renovation it was hired to complete.

Del Campo Chacon’s eviction fight — part of a larger struggle among a group of families living in five Frenz properties on the same block — is a new chapter in a long story, one that includes allegations of fraud, unsanitary conditions, rent strikes and city intervention.

United Properties inked a term sheet with Four Seasons for the Gateway tower in Minneapolis.

The senior housing developer breaks new ground with branded communities and a focus on well-being.

The local developer is seeing strong growth beyond Minnesota.

The merger is intended to provide home buyers and sellers with an improved, efficient search and transaction experience. The companies’ organizational structure and staff will remain in place.

The move to Hopkins’ Excelsior Crossings campus is intended to encourage more creativity and collaboration, with integrated private, common and lab spaces designed partly by Studio BV.

NAIOP, the Commercial Real Estate Development Association, recognizes this year’s top projects in the Twin Cities metro area.

The restaurant's sale augurs long-term change near the U.

Tech Dump, an organization committed to environmental solutions and improving job opportunities for maligned individuals, is set to purchase a new building in St. Paul amid continued growth.

The Minneapolis City Planning Commission is considering about 1,500 new units at a Thursday meeting.

An updated version of the proposed comprehensive plan is set to released sometime next week.

Key takeaways and quotes from a three-part business event held Wednesday, which featured discussions on Allianz Field and Midway projects, hotel projects, and mixed-use developments.

City planners, housing experts and elected officials all pretty much agree that Minneapolis needs to build a lot more affordable places to live. What's less clear is whether city officials understand how hard that's going to be.

The co-working leader is expanding before its new home in Minneapolis even opens.

The Alatus project calls for 40 stories and 214 units.

The dream of ground-floor retail can’t always be realized.

The real estate company is making available 45 million shares, the funds from which it hopes will pay off debts and cover the costs of a past acquisition.

The emerging rating system measures a building’s health and wellness for employees and resident.

Amazon leases about half of the “mass timber” office building.

Five industry leaders discuss the trends and challenges of today and tomorrow.

A slideshow of images taken during TCB's 2018 Commercial Real Estate Forum, held at the Loews Minneapolis Hotel in May.

Commercial development is returning to north Minneapolis as Thor Companies’ building is fully leased and Wellington Management starts its north side office project.

Current CFO and CIO Brian Murray will succeed Pat Ryan, effectively ending a run dating back to 1938 of Ryan family members leading the construction firm as CEO.

Edina developers want vertical density but residents don't. Inside a controversy with metro-wide implications.

Why is the building near Varsity Theater evicting all its commercial tenants?

Plan calls for $330 million, mixed-use project to open in 2021.

The Depot not only became the centerpiece of a successful development, it helped transform a neighborhood and create a crucial connection between downtown and the Mississippi Riverfront.

Despite plenty of available spaces, it's still tough to find deals in the best buildings.

Up to 150 jobs in the regional nonprofit’s sales, technology and administrative services departments will be created in the process.

Portland developer Kevin Cavenaugh doesn't build a lot of traditional buildings. What he is known for -and what he came to Minneapolis to talk about - is building smaller.

The strong pace of construction in Minneapolis will likely continue, Frank told TCB.

Revisiting some of the most notable un- and underdeveloped sites in Minneapolis and St. Paul to see what's been built — or not.

Shared spaces are attracting freelancers in the Twin Cities, but they also are housing companies.

Nicollet Avenue came in 28th on JLL’s 2017 “Most Expensive Streets,” placing it ahead of Sacramento’s Capitol Mall.

Frustrated home buyers are keeping the overheated rental market from cooling.

How do they come up with building names, anyway?

The government’s proposed tax bill would kill the federal historic tax credit, a key financing tool for developers.

The $5.7 billion deal is expected to close early next year pending shareholder approval.

A recent talk by “Evicted” author Matthew Desmond shed light on the problem — and how little we know about it.

Prolific apartment developers part ways after 12 years.

Early repots suggest renters could see an increase of roughly $8,700 over a 10-year span to their housing bill if Amazon brings its new headquarters to Minnesota.

Pending sales were down for the third consecutive month in the 13-county metro area, according to the Minneapolis Area Association of Realtors.

Welcome to the country club of car storage.

The Minnesota chapter of the Commercial Real Estate Development Association recognizes this year’s top projects.

With over three months left in the year, the city of Minneapolis has already passed the billion-dollar mark in building permits issued.

Nevertheless, homes in the region are still selling at a record median price.

Redevelopment is nowhere near getting started.

At TCB’s real estate forum, key developers assess the factors driving high-profile projects, including Macy’s.

St. Paul City Council Member Chris Tolbert would much rather voters like him than dislike him, of course, but a series of issues in his ward has made that difficult, if not impossible.

The Minneapolis-based fraternal insurance and heritage organization has been at the site since 1962.

With deal in hand, developer Mortenson eyes fourth-quarter groundbreaking.

All the while, sales were down for the month, which local realtors attributed to a lack of homes on the market.

Tearing them down might benefit downtown’s street and retail life, but cost and ownership issues make it hard to fathom.

Additionally, more homes were sold in the metro area last June than any other month on record.

A recent analysis showed many U.S. metro areas becoming more suburban. Minneapolis-St. Paul wasn’t one of them.

The current plan is the culmination of 10 years of work by the city of St. Paul, Ford, state environmental agencies and regional economic development groups. Not everybody is happy with it.

Once redeveloped, the space will include a cafe and a German-style beer hall.

Suburban builder became “condo king” of downtown Minneapolis.

Dayton’s/Macy’s is gone, but the parking endures.

Is the lack of condo construction in the Twin Cities due to the Great Recession or because of the Legislature and the courts? We may soon find out.

Positions in the Minneapolis location will shift to St. Cloud.

Veteran brokers Damiani, McCarthy lead local launch for firm, among the largest in the U.S.

The health care nonprofit will take over the remaining space in Mayo Clinic Square.

The property has seen a complete transformation since the start of the decade when it sold for $14 million.

A distinctive group of businesses is revitalizing and reinventing Duluth’s Lincoln Park neighborhood.

Commercial real estate trends encourage the combination of residential, retail and other project elements.

More than 300 housing units could fit on property.

Emerging “medical row,” population growth draws developer to city.

However, the Federal Reserve’s decision to raise interest rates could affect demand in the future.

The redevelopment team plans to transform the one-million-square-foot space into a mixed-use development.

Wellington Management, Thor Cos. and others break new ground in North Minneapolis.

With zero housing experience, he remade himself into one of Minnesota’s busiest apartment developers.

Groundbreaking of the Discovery Square sub-district in Rochester is expected to take place in the fourth quarter of 2017.

It marks the second time Austin-based Hormel has suspended Maschhoffs for animal cruelty claims in the last year.

Developers to add second health care project to CityPlace.

Zillow forecast projects strong home value growth in Northside neighborhoods.

601W Companies plans to redevelop the site with two floors of retail and creative office space above.

When you need to build a Taco Bell in half a week, call Fullerton Cos.

After years of high demand for office, retail and industrial spaces, brokers see the growth rate slowing in 2017.

The number of building permits issued was up 11 percent over last year.

Company’s revenue doubled over last two years.

The building is expected to include 347 residential units and 21,000 square-feet of retail and office space.

Last month, the number of closing sales rose by more than 25 percent, the largest year-over-year increase in any month since February 2012. Pending sales were also up 9 percent.

National REIT joins project team for Minneapolis project.

The move brings developer close to parent Pohlad Companies.

The new senior housing project is linked to Fairview Southdale.

The company is nearly doubling its office size with the upcoming move.

In the market’s current state, the number of active properties would hit zero in 10 weeks if no other homes were put up for sale.

Despite a glut of developments hitting the market in the last few years, few units remain unrented.

The issue of “overinfusion” with the medtech company’s SynchroMed II pump also led to more than 100 adverse events in other patients.

Wells Fargo’s move leaves empty office space all over downtown Minneapolis.

A board managing the development efforts of the Destination Medical Center project said it was also considering the construction of a “city loop,” or rail system for downtown Rochester.

Approximately 465 permits were pulled this month—over 100 more than a year ago.

The Minnesota chapter of the Commercial Real Estate Development Association recognizes this year’s top projects.

900 Hennepin changes directions with the help of Minneapolis taxpayers.

Two Minnesotans are jumping on the "tiny house" trend by offering plots of serene land in Ogilvie.

The new space at the company's flagship location will accommodate 250 more people.

However, interest rates are expected to rise in December, could affect buyer demand in the future.

Minnesota medtech startups could benefit from the company’s laser technology, which helps cut and produce early drafts of medical products.

The medtech company will receive the state funds once it has accomplished its promise to create 120 new jobs at the site.

Construction on the six-block research, education, commercial and product development space is set to start in late 2017.

Employment is booming across greater Minnesota, but acute housing shortages threaten the prosperity.

Rapid company growth leads to a headquarters expansion and a move away from St. Paul.

New tenants all but complete former Block E, validating developers’ vision.

Empty-nesters and young professionals are driving demand for a growing number of upscale apartments in Minneapolis and St. Paul.

Construction of the expansion project is slated to begin in spring 2017.

City code governing vote was not valid under state law.

Median sales prices for homes in the metro area reached $242,000 in June — a record that was driven largely by low supply and high demand in the market.

Most of the plans and studies are complete. An environmental study has concluded that a cleanup is possible and affordable. And Ford is finally prepared to lay out a more firm timetable for redevelopment.

Sellers continue to control the market as buyers grapple with a dwindling supply of homes.

State lawmakers finally revealed the identity of the home siding company after securing a deal to have a $440 million plant constructed in Hoyt Lakes.

The company looks to draw others to its $30 million project.

As casino-operating tribes diversify to sustain their income base, the Shakopee Mdewakanton Sioux continue to place most of their chips on Mystic Lake Casino.

The towering ambition of Jim Stanton and Bob Lux.

Spending on new home construction and upgrades is at a record high compared to recent first quarters.

Realtor Cotty Lowry said open house turnout has been the strongest he’s ever seen.

The DMC project is expected to create 45,000 jobs. But where will they come from, and is there any place for them to live?

After finally shedding lingering effects of the recession, the industry is taking off in the Twin Cities.

Can two downtown Minneapolis park projects both green up in competition for philanthropic dollars?

Sales rose nearly 7 percent despite a roughly 20 percent drop in active properties.

The number of permitted multifamily and single-family units being built around the metro declined dramatically in February.

Long-awaited renovation likely to begin soon on centerpiece of Duluth’s arts district.

Can a shadowy group throw a wrench into Rochester’s $6 billion plan?

The company’s latest funding round brings its lifetime seed money total to roughly $3.7 million.

Sales growth at older stores are lagging behind its newer operations, but the company hopes to change that.

The company is moving workers from its St. Paul and Roseville offices into the expanded space.

The project swaps out pavers for concrete after a sole bid came in $24 million over budget.

The agency is leaving its Wayzata office park to attract creative employees drawn to working in the city.

And how did he buy one of the best redevelopment spots in town?

The money used on these projects will help fund the creation or retention of 2,322 jobs across the state.

Graves looks set to be the one who builds Uptown’s first hotel.

Job growth and low mortgage rates have fueled the rise in home prices around the U.S.

The RSI Associates contractor allegedly used the money gained from construction contracts to buy jet skis, snowmobiles, luxury cars and gold coins.

The company offers an alternative to area heavyweight CoCo.

The USGA wants to revitalize the game of golf with the help of the state’s largest higher education institution.

A new concert and event venue may finally repurpose the Minneapolis landmark.

Celebrating this year's winners.

With three months left in the year, the city passed the $1 billion mark in part because of major construction projects in Downtown East.

What to do with structures that clearly qualify for protection under landmark laws — but that have proven difficult to repurpose.

The Star Tribune, which now owns the alt-weekly paper, says it has unused space for staff it already owns.

Evidence found that a Washington County developer used funds to live an “incredibly flamboyant lifestyle,” which included buying a $1.4 million house and $50,000 monthly deposits to a personal bank account.

What is the best-case scenario for St. Paul soccer? I spoke with a few of St. Paul’s most interested parties to find out their hopes for any soccer stadium deal at Snelling and University Avenues.

Businesses are following their millennial employees and relocating downtown.

Globalization and consolidation are shaking up the real estate brokerage market.

SuperValu's private label will adjust its policy, affecting more than 38 million eggs on store shelves.

Developers have built thousands of apartments in the metro area over the last four years. At what point does supply outstrip demand?

Some developers are pushing for micro-unit apartments that push against minimum square-footage requirements.

Pending and closed sales have reached pre-recession levels.

Report puts “break-even horizon” at 2.2 years.

With the additions of light rail and a baseball park, is the capital city likely to see substantial private sector investments?

Minneapolis, Eden Prairie post strongest growth.

The author, Myron Orfield, says the metro's racial segregation is due to government apathy and "well-meaning but misdirected" efforts by housing advocates and school reformers.

The 210,000 square foot T3 office building, planned to be built in Minneapolis' North Loop neighborhood, would be the tallest building in the U.S. made primarily of wood.

How the Schwieters brothers’ construction businesses used the recession as a springboard for expansion and diversification.

The record deal won’t result in a change in management.

In 1915, the Minneapolis Park Board pioneered the use of urban renewal when it built Gateway Park, on a triangular two-block site that included the early City Hall.

The city's zoning ordinances don’t allow hotels of any size in many parts of the city. That may change thanks to Restaurant Alma owner Roberts.

Three other proposals for the Nicollet Hotel block are still under consideration.

Now several high-powered real-estate groups are vying to fill the Washington Avenue site with massive towers.

January 5, 2015

The industrial market is the busiest commercial category, and office vacancy rates are dropping.

Plans call for a 23,000-square-foot structure at 525 Third St. N. in Minneapolis.

Developers feeling bullish on downtown Minneapolis.

The preservation of landmark buildings is dictated as much by what we see through as what we see.

Marquette Advisors finds continued demand for new rental units.

The lean years over, new projects are rising and more are planned.

Multimillion-dollar investment will help about 20 Twin Citians move into homes.

Eighteen months after Macy's announced it was abandoning downtown, reality is setting in: the store's old building isn’t going anywhere anytime soon.

An adjacent building will be able to accommodate further expansion.

The delayed and controversial Linden Crossing development looks like a go.

The Summit Avenue mansion’s previous tenant, the College of Visual Arts, was shuttered in June 2013.

One site fueling speculation is 1301 W. Lake St., a vacant parcel next to Calhoun Square.

During a construction project that was never completed, Philip and Virginia Carlson allegedly funneled money through a company that wasn’t doing work on the project, while failing to pay the companies that were.

The Timberwolves said they were impressed Dimensional Innovations' work at other venues across the country.

A Minnetonka project with 174 units is ready to start construction in the shadow of Carlson Center.

Arc'teryx is the first new tenant to join Calhoun Square under the center's new ownership; it is opening across the street from North Face and Columbia stores.

City officials unanimously approved plans for City Place, which will feature a grocery store, other retail, a hotel, office buildings, and more; work will begin this fall.

Critics have filed an appeal over a revised, 20-unit plan for condos in the South Minneapolis neighborhood.

A new 40-story tower proposal may buck the recent rental trend.

A reconstruction of the often-congested corridor could begin in 2015.

Opus unveiled plans for a two-building development that could include a hotel, apartments, townhomes, retailers, and up to 300 parking stalls.

Among the newly announced tenants at Twin Cities Premium Outlets are Armani, 7 for All Mankind, Steve Madden, Vera Bradley, and Ann Taylor.

The Minnesota Sports Facilities Authority's "State of the Stadium" report provides an update on progress while piggybacking on the attention Minneapolis received during the MLB All Star Game.

A new report outlines a framework for an "urban village" at Snelling and University Avenues; meanwhile, the city of St. Paul is seeking proposals for the “Seven Corners Gateway.”

For the first time, Mayo Clinic claimed the top spot on U.S. News & World Report’s prestigious “Honor Roll” list.

The U.S. Attorney’s Office announced Thursday that four men were charged in connection with an alleged mortgage fraud scheme involving an Excelsior-based real estate firm.

Smack Shack, World Street Kitchen, Fulton Beer, Day Block Brewing Company, Louie’s Wine Dive, Lake & Irving, Yogurt Lab, and Agra Culture hope to add outdoor space.

Though details of the requirements are still under discussion, the new regulations governing residential construction of one-to-four unit structures are likely to address the height and setbacks of buildings.

Minneapolis rejected one plan that would've housed Dogwood Coffee and Rustica Bakery and another to draw film-industry tenants; the parcel was taken “off the market.”

Plans that called for a 27-story tower—including a parking ramp, apartments, and a Radisson Red hotel—have been revised.

The Brooklyn Park-based contractor said the deal will boost its presence in the electrical control systems market.

Minnesota’s labor force rebounded in May, driven in part by the construction and manufacturing sectors, although the state’s annual job-growth rate continues to lag the national average.

The Loose-Wiles Building quickly went from vacant to 94 percent full in Minneapolis’ fast-growing North Loop neighborhood.

Steele Fitness is further expanding its gym membership program and plans for five to seven new gym locations by the end of the year.

Keith Waters and Carter Siverson, who were previously fined by the state, now face criminal charges for allegedly failing to pay subcontractors for work on Twin Cities homes and a worship center in Victoria.

A bridal boutique and a real estate agency will occupy street-level storefronts on Hennepin Avenue, while plans call for converting the upper floors to housing.

The apartment complex will include some additional specialized services for the veterans.

Graves 601 will officially change hands this summer when Graves Hospitality sells the 21-floor hotel for an undisclosed sum.

In addition to medical office buildings, a 40,000-square-foot grocery store, restaurants, and more, the City Place development will feature two hotels.

Could Minneapolis City Hall drive a new downtown office project?

The street-level portion of Parasole’s Uptown Cafeteria has reportedly closed and will soon transform into the Libertine, a “modern steakhouse.”

The owners of the iconic downtown Minneapolis venue are renovating a fading Midway rock club.

CSM Corporation is planning new buildings in Rogers and Brooklyn Park.

Ryan Companies recently awarded contracts to six companies, five of which are from Minnesota, to help build the structure of the new Lowertown Ballpark for the St. Paul Saints.

Representative Morrie Lanning: “It’s not just the Super Bowl. It’s a $400 million project being built around the new stadium. I don’t know how anybody can now feel that this was a bad deal.’’

A new Met Council report tallies $2.5 billion in investments near the light-rail line, but the number is far from an exact science.

The downtown Minneapolis vacancy rate ticked up while more large projects are in the pipeline.

The City of Minneapolis might work with a nonprofit to determine the financial feasibility of “deconstruction,” which is described as a more environmentally friendly alternative to traditional demolition.

Founded by local businessman Jeff Mack, Cachet Financial Solutions significantly narrowed its net loss in its most recent quarter and increased revenue, and is now planning a stock offering.

The Minneapolis-based construction company is planning to build a new 80,000-square-foot headquarters near its current downtown headquarters this fall.

The new “Wedge Community Table” is part of the co-op’s multi-year expansion project, which also calls for a renovation of its Lyndale location and the addition of another grocery store.

Step inside and the interior—with a fountain in the lobby, terrazzo tile floors and stadium seating for nearly 1,000—is pure Art Deco.

In 1953, Gerry Rauenhorst founded Rauenhorst Construction Company, which evolved into what is today the Minnetonka-based Opus Group.

The Brennan Investment Group recently purchased buildings in Coon Rapids, St. Louis Park, Maple Grove, and Milwaukee, Wisconsin.

The Hennepin County Medical Center plans to build a 322,000-square-foot medical center across the street from its current emergency department in downtown Minneapolis.

ViaWest, which manages 27 data centers in six states, announced the recent opening of its first Minnesota facility.

Once-empty big box properties are now being leased all over the Twin Cities.

Len Druskin renewed its lease at City Center in downtown Minneapolis, where it will renovate its existing space and consolidate other stores under the “Len” brand.

The Wayzata-based bank told its employees Monday that about 1,500 of them will be relocated from different offices throughout the state to a new workplace in Plymouth.

The newspaper publisher will move more than 600 employees into a shorter tower that is part of the Capella Tower complex; that portion will be renamed the “Star Tribune Building.”

HexFuel plans to have 150 employees at a new Hastings plant and might double that headcount within several years.

RJM Construction is seeing an uptick in city projects.

Travel Leaders Group has added a new headquarters building in London as part of an expansion plan that involves organic growth and future acquisitions in Europe.

Nord, which also counts the Union Depot among its clients, relocated to an office space—which is more than three times the size of its previous headquarters—in the recently renovated transit building.

A national developer is pitching top-tier apartments near Lake Calhoun.

As restaurants replace marginal retail, no one knows where to put the cars.

A 30-year-old downtown Minneapollis retail business tries to keep its edge while operating from a shuttered building.

Last month, Mayo announced a partnership with the Minnesota Timberwolves and Lynx in a basketball practice facility and sports medicine clinic inside the former Block E in downtown Minneapolis.

The $97 million Target Center revamp is now open for bids from architectural and engineering firms looking to finalize the project’s design.

The purchase of downtown Minneapolis' Hampton Inn & Suites will boost a Texas-based Real Estate Investment Trust’s local hotel portfolio.

The Minneapolis-based Ackerberg Group expects to close on the deal for the Uptown Minneapolis complex in early April.

The two parties finalized the second part of the deal, valued at $43.8 million; the first part of the contract was valued at $9 million.

The Bloomington mall confirmed recently that, after closing on $300 million in financing, it plans to add a 700,000-square-foot expansion.

Although Twin Cities home sales, new listings, and pending sales were down in January, a new report attributes the slowdown to cold weather, not to long-term weakness in the market.

Hollywood Fashion Secrets moved from its former 4,500-square-foot offices to a 6,159-square-foot space at 219 Second Street North in Minneapolis.

Opus is planning a large office/residential tower, with “30-plus stories,” at the north end of Nicollet Mall in downtown Minneapolis.

The building housing Camdi Restaurant and Mesa Pizza was designated for a historic-significance study.

The North Dakota-based Stop-n-Go gas station and convenience store chain, which had four locations in Minnesota, was bought out by Iowa-based Casey’s General Stores, Inc.

The money will be allocated across 10 different redevelopment projects, more than half of which are in Minneapolis.

The nonprofit has added several local stores in the past couple of years and is now considering a new location in St. Paul.

The hole-in-the-wall music venue will re-emerge as a “music complex” and is gaining some serious square-footage with its move to the fourth floor of the megamall.

The Dolan Company’s shares will no longer be traded on the New York Stock Exchange; they’re moving to the “over-the-counter” marketplace.

Although Target’s Canadian expansion has hit a few road bumps and incurred financial losses, the company said it has plans to open at least nine more stores in the country this year.

The downtown Minneapolis site known as the Nicollet Hotel property is in the thick of new development.

Bob Peltier, who began his real estate career in 1978 and was appointed CEO of Edina Realty Home Services in 2009, is stepping down but will remain chairman emeritus; Greg Mason is the company's new leader.

OneNeck IT Solutions, a subsidiary of TDS Telecom, just began construction on a $12 million expansion of its Eden Prairie data center.

Jim Stanton’s plan would revive the never-built “Eclipse” project.

Kraus-Anderson and Elion Partners hope to break ground on a major mixed-use development after closing on the purchase of the former State Farm Insurance campus this summer.

The giant cable provider said its new lease at its St. Paul office is effective through 2024, and the company is investing millions into refurbishing the space this month.

The building that houses an LA Fitness in St. Louis Park has been sold to a Florida-based real estate investment trust.

Target recently announced plans to open new stores in Ohio, California, New Jersey, and Massachusetts; they will open shortly after Target closes locations in Illinois, Nevada, Georgia, Ohio, Tennessee, and Florida.

Since announcing its new amended credit agreement, Dolan’s stock has dropped more than 8 percent, reaching a record low price Tuesday afternoon.

Maurices released new details—including renderings—of its planned 11-story headquarters building in downtown Duluth.

The St. Paul Port Authority will market the site of the former Macy's store in downtown St. Paul for redevelopment, and it seeks a buyer that can bring its own financing to the table.

The city reportedly bought Brookdale Square for $3.9 million and is planning a large-scale redevelopment.

Minneapolis broke a record last year for the total value of construction projects it approved, which together were worth almost as much as the 2010 and 2011 projects combined.

Minneapolis-based Dolan’s stock has fallen to $0.52 per share, well below the New York Stock Exchange’s listing requirements, and a new executive appointment illustrates continued distress.

Anticipating more regulatory effects on the financial services industry, CliftonLarsonAllen acquired Bankers Advisory, expanding its mortgage compliance offerings; it also acquired two more firms.

TCI is quietly becoming an influential player in commercial furnishings worldwide, with clients that include Fortune 500 companies, hospitals, universities, hotels, stadiums, and arenas from Target Field to Madison Square Garden.

Channel the spirit of legendary Twin Cities entrepreneurs with a memorable business meeting at a historic venue.

The company officially signed on to the deal, and its new downtown Minneapolis office towers are expected to house up to 5,000 employees.

In addition to the newly announced offices, Minnesota also has plans for a foreign trade office in Germany and has already established an office in China.

A new lawsuit challenges the city's role in Ryan Companies’ proposed Downtown East project.

TCF is closing one of its downtown Minneapolis branches, along with 37 others in Indiana and Illinois that are housed within Jewel-Osco grocery stores; the move will result in up to 200 job cuts.

A California investment firm purchased two of Cargill’s three corporate buildings in Hopkins; the two buildings totaled more than 500,000 in square footage.

Phillips Edison purchased the Northstar Marketplace—which is anchored by a Coborn’s grocery store—last week, marking its fourth shopping center acquisition in Minnesota.

Party Chair Keith Downey says the move across town and demographic sectors was a strategic decision as well a financial one.

Governor Mark Dayton said more than $400 million from the budget surplus should be used for business and middle-class tax cuts.

Town Hall Brewery, which has grown in recent years through the addition of two satellite locations, is now investing roughly $600,000 to renovate its flagship brewpub.

Ryan Companies’ design team released several renderings of the planned ballpark, which is slated to open for the 2015 season.

Wayzata Investment Partners is selling a Texas power plant to a Houston company for nearly $300 million more than it paid for the plant in 2011.

A new report states that there were 31 business expansions announced during the most recent quarter—bringing the tally to 112 during the first nine months of 2013.

Uponor, a Finnish plumbing and indoor climate systems manufacturer, has added 75 jobs in Apple Valley this year and expects its latest expansion to lead to additional hiring.

The facility's owners hope that a new Timberwolves and Lynx training facility will bring “cachet” to the long-troubled property.

In recent years, studies by Forbes, the Brookings Institution and USA Today found that Minneapolis had bounced back—or bounced ever so gently—on the galloping waves of the recession.

Health Dimensions Group bought Chris Jensen Health and Rehabilitation Center in Duluth and has plans to upgrade the center and add a housing facility.

DataBank is nearing completion of one Edina data center upgrade and said it’s now planning a second Twin Cities facility.

The company is projecting 2013 sales of $152 million, about half as much revenue as it reported a few years ago.

The retailer is closing locations in Florida, Georgia, Arizona, and California based on an analysis of their specific financial performances.

The apartment vacancy rate at the end of the third quarter in the Twin Cities was 2.5 percent; a rate of 5 percent is considered to an equilibrium point between landlords and tenants.

Tin Whiskers Brewing is reportedly gearing up to open a taproom in downtown St. Paul’s Rossmor building.

The building, which will be owned by Maurices, will be 10 to 12 stories, rather than the previously planned 15, and the overall cost will be reduced as well.

A deal announced Monday, which must be approved by the Minneapolis City Council, calls for the city to pay $48.5 million for the renovation, as well as at least $50 million in ongoing capital improvements.

Summit recently paid $2.3 million for a building that will house a new canning line.

The land, adjacent to the Metrodome, is essential to the development of the $975 million new Vikings stadium.

The luxury “Regatta” condos in Wayzata are one of just a few condo projects now underway.

The city accuses a property owner of illegally discharging water into Minneapolis’ Chain of Lakes; the building’s property manager, however, remains hopeful that the parties can come to a “mutually acceptable solution.”

The asking price for Eden Prairie Center was nearly $100 million, and the Cahill Plaza shopping center sold for more than $8 million.

The developer Hines plans 291 new units amid an increasingly competitive downtown market.

Stratasys Ltd. continues its string of mergers and acquisitions as it reinforces its presence in Japan.

The process of identifying owners and buying or condemning “eyesore” properties, City Council President Barbara Johnson says, is bureaucratic “paper jungle” that inevitably takes time.

North Minneapolis, Marshall, White Bear Lake, and Stillwater are among the places where new “taprooms” are either on the horizon or have recently opened.

The latest sign in a rebound of office development projects is the new Minneapolis headquarters planned for a local nonprofit.

The Canadian Pacific Plaza, a 26-story office tower, was sold to CanPac Owner, LLC.

“If we spend 90 days just thinking about stuff, this will be a failure.”

Opus is the latest to begin work on a new project on a “spec” basis—meaning its new development has no signed leases.

A new study factored in corporate taxes, individual income taxes, sales taxes, unemployment insurance taxes, and property taxes when ranking states.

Although a large group of federal employees in Minnesota may be laid off in the coming weeks, a recent report said Minnesota is the fourth-least affected state by the government shutdown.

Minneapolis officials recently announced that it has made changes to an ordinance in an effort to increase the transparency of organizations that provide banking services to the city.

Marco, Inc., plans to add about a dozen jobs over the next year to accommodate its continuing growth.

Along with Minneapolis, the list featured San Francisco, Madison, and Evanston.

A CenturyLink unit is planning a new Shakopee project; some industry experts consider the Twin Cities to be “underserved” by modern data centers.

The city of Minneapolis reported a 67 percent jump in the amount of money spent on major construction projects during the second quarter.

Twin Cities at Eagan, an upscale outlet mall that is slated to open next August, added 19 more retailers to its tenant list, which already included Saks Fifth Avenue Off 5th.

Nicollet Mall demands the highest office rents in Minneapolis, but it’s cheap compared to some streets in bigger cities.

Value Place, which describes itself as “the largest economy extended stay lodging franchise in the United States,” has chosen the Twin Cities as one of five markets in which to expand its franchise.

After forming a joint venture to acquire Prudential brokerages, HomeServices of America is transitioning the businesses to a brand that takes advantage of the Berkshire Hathaway name.

Of the 25 largest U.S. metro areas, the Twin Cities experienced one of the largest year-over-year declines in fraud risk among mortgage applications during the most recent quarter.

Ten thousand fewer Minnesota children lived in poverty in 2012 than in 2011. But that’s still 183,763 low-income kids.

The Oracle & International Centre in downtown Minneapolis, which features 622,173 square feet of office space, has been sold to a joint venture between Investcorp International and Wildamere Properties.

According to the U.S. Census Bureau, the Twin Cities fared above average in 2012 with respect to education, income, and housing value, but it still isn’t back to its pre-recession numbers.

In order to contend with heavy competition, Schneiderman’s Furniture is expanding its Woodbury showroom and plans to add about 10 new jobs.

Minnesota fares better than the national average when it comes to “negative equity.”

Properties in Otsego and Inver Grove Heights will go to the highest bidder.

The shareholder rights plan was put in place so that Dolan can pay lower income taxes in the coming years.

The city said that building permits issued along the new light-rail line have hit a five-year high.

A planned $100 million renovation of the facility could begin in 2014.

The Minneapolis-St. Paul area is leading the nation in retail construction, and construction of Bielenberg Gardens is scheduled to begin in October.

A new report projects growth in the Twin Cities, including a trend reversal that will bring more people to the core cities and to inner-ring suburbs.

The Texas-based company competes with locally based chains, including Regis Corporation of Edina and Great Clips of Bloomington.

Countersuits have raised interesting questions of whether and how realtors can protect and pool their listing information under antitrust laws.

After the poll questions had been asked, a New Jersey judge ruled that the Wilfs' financial information will be made public in their real estate fraud case, although she is allowing them to appeal.

The accident reportedly involved a “partial building collapse.”

Fulton Beer is adding a 51,000-square-foot production facility in Northeast Minneapolis, which will allow it to boost capacity, expand distribution outside the Twin Cities, and add to its limited and seasonal offerings.

The rejected moratorium came four weeks after the council voted to allow a six-story apartment development project to move forward against the wishes of some residents who campaigned to “Save Dinkytown.”

A Florida developer recently broke ground on the project, which is called Skye at Arbor Lakes and represents one of the largest suburban apartment projects under development in the Twin Cities.

Minneapolis-based Medafor, which develops medical devices used to control bleeding, is the second Twin Cities med-tech company purchased by C.R. Bard, Inc., in recent years.

Although Mayor Rybak is not seeking re-election in November, he laid out some long-term proposals for Minneapolis in his final budget speech.

HomeServices of America continues to grow at break-neck speed, this time acquiring Philadelphia-based Prudential Fox & Roach.

The company is relocating an existing St. Paul location into a larger space in a new mixed-use development.

Renovation plans call for adding a “significant amount of new windows on the exterior,” converting the first lower level of the building to parking, and creating a new entrance on Nicollet Mall.

New upgrades to Donaldson’s testing laboratories are expected to boost efficiency and cut costs.

The controversial plan to build a 140-unit apartment building on land once occupied by the House of Hanson, Duffy’s Pizza, the Book House and the Podium was approved Friday on a 9-to-4 vote by the Minneapolis City Council.

An analyst said, however, that although the company reported a loss, the move to sell its weak businesses will ultimately allow Dolan to focus on its more successful sectors.

Richard Spady received two years in federal prison for his role in the fraud scheme; he and a co-defendant were also ordered to pay roughly $1.13 million in restitution.

A new commercial real estate report cited “lethargic” demand for office space in the Twin Cities.

Under Minnesota's new foreclosure law, a lender and/or mortgage servicer can’t move to sell a home until the borrower has had a fair chance to seek a loan modification.

The operator of the Aqua Nightclub & Lounge is adding to its portfolio of Minneapolis venues, with plans for additional expansion on the horizon.

One goal of the new program is to “promote leasable space in a new light to potential tenants.”

Here are some of the bigger Duluth development projects.

Some sites are or could soon be available.

Although the deal likely won’t be finalized until 2014, the 100,000-square-foot building on Nicollet Mall is officially off the market, and the energy company hopes the new location will benefit its branding efforts.

TSI plans to add about 50 percent more jobs to its corporate headquarters over the next four to five years to occupy its 58,000-square-foot expansion.

Minneapolis is considering adding a November ballot measure about whether to form a city-owned utility; meanwhile, the Minneapolis Chamber of Commerce and Xcel Energy, which would lose a contract if the city created a utility, have criticized the process.

There was little discussion about plans for two office towers, a parking ramp, a public park, and residential and retail space.

HighJump Software, a global provider of supply-chain software, acquired Denmark-based Evenex, marking its fourth acquisition since 2008.

Valley Cartage relocated its headquarters from Hudson, Wisconsin to Lake Elmo after the state offered it a $500,000 forgivable loan and the opportunity to apply for $400,000 in tax credits.

Plans call for the proposed Ardent Mills company to be headquartered in Denver, although there are also plans for satellite offices in Minneapolis and Omaha.

Communications firm WCG is opening a Minneapolis office in the hopes of expanding its Midwest client base.

Planners are considering eight options for either moving existing freight traffic to St. Louis Park or keeping it in the Minneapolis Kenilworth corridor, in order to make room for a new light-rail line.

One of Mankato’s oldest businesses closed down after the recent recession hurt the local limestone market.

A Minneapolis city committee approved the concept behind a massive development project; meanwhile, Wells Fargo publicly confirmed its interest in occupying planned office towers.

Ryan Companies won the bid to develop parking structures near the planned Minnesota Vikings stadium; the company had cited the parking project as a key component of its larger redevelopment plan.

According to the Metropolitan Council, $2.5 million in cleanup grants will help add 1,700 jobs and 168 affordable homes.

Kaskaid Hospitality, Crave’s parent company, is buying the former Trocaderos nightclub and also plans to lease the Old Chicago space in Uptown Minneapolis.

In addition to workspaces, the new location will feature a “tap room” with craft beer, a movie theater for presentations and pitches, a billiard room that doubles as a meeting space, and a walkout patio.

IT services providers Joseph Michael Hanson and Timothy John Lambrecht were charged with conspiracy to commit mail and wire fraud; an attorney for one of the men said, “There is no fraud here.”

Surly Brewing and HGA Architects unveiled the new images as Surly celebrated its seventh anniversary.

Some say a planned hotel could plug the city’s revenue shortfalls; others say it could destroy the face of a city that prides itself on its historic character.

Our neighbors to the west continue to market their low tax rates and “pro-business” environment to encourage Minnesotans to relocate.

Industries that had delayed hiring due to extended cold weather helped drive job gains in May.

Between 2004 and 2007, Derrick Lance worked with others to fraudulently obtain mortgage loan proceeds.

Pinnacle is now a Delta subsidiary and its pilots exclusively fly Delta Connection regional flights.

A recent survey of 50 commercial real estate professionals revealed continued signs of pessimism about the local market despite optimism about rental and occupancy rates.

After more thorough tests, the price tag for cleanup of the proposed site for a new Saints stadium has risen to $11.2 million.

Plans reportedly call for a 210-room Hampton Inn & Suites.

A new report from the Metropolitan Council and the Federal Transit Administration includes responses to public comments on a previous report, which some people said lacked a comprehensive assessment of the effect on area businesses.

The proposed project, which will be called Broadway at Center, calls for a hotel, office space, apartments, and more.

Consequently, since the beginning of 2012, the number of homes for sale locally has consistently been running 25 to 30 percent below the number available at the same time the prior year.

Former real estate agent Robert Leo Rick received a three-year sentence for a scheme that involved 102 residential properties and defrauded mortgage lenders out of at least $7 million.

As part of an initiative signed by Governor Mark Dayton, $10 million will be used to provide affordable housing to Minnesota areas with booming employment opportunities.

High expectations have left some Canadian shoppers disappointed with Target’s prices and selection; analysts say: Just give it time.

The Metropolitan Council’s new proposals for re-routing existing freight rail to make room for the Southwest Light-Rail Corridor include a route through the St. Louis Park High School football field.

Based on the region’s high-performing school districts and low-priced real estate, ZipRealty named the Minneapolis area as the best place to raise a family in the nation.

The $1.5 billion, long-dormant project would reportedly double the size of the already massive Bloomington mall.

Three local real estate developers submitted proposals to develop parking facilities near the new Vikings stadium development; stakes are high for Ryan Companies, which must win the contract in order to begin a planned $400 million redevelopment project involving a five-block area surrounding the stadium site.

Retail property management firm DDR, which co-owns Riverdale Village in Coon Rapids and 43 other U.S. shopping centers, said Wednesday it will buy out its joint venture partner in a $1.46 billion deal through which it will acquire 30 of the 44 centers.

The proposal calls for the development of two 20-story office towers, a skyway-connected parking ramp, apartments, and a green space for “rail-gating”—but it is contingent upon several factors.

A building with 165 luxury apartment units is being built near The Shops at West End in Golden Valley.

A recent feasibility study shows that a new convention hotel in Minneapolis would cost about $300 million, and 41 percent of that cost would need to come from public subsidies.

Software developer Calabrio moved its headquarters from Plymouth to a 30,000-square-foot office in downtown Minneapolis.

The first three Target stores in Canada were met with mixed reviews as some Canadian customers believed prices were too high.

The buyer, a San Francisco-based investment firm, signed a long-term contract with Minnetonka-based Carlson Rezidor Hotel Group, which owns the Radisson Blu Brand, to manage the hotel; renovations will begin later this year.

St. Paul-based McGough Construction, whose former projects include Twin Cities landmarks such as the Guthrie Theater and the Ordway Center, has been selected to build Surly’s so-called “destination brewery.”

Just months after being taken private, Caribou Coffee is closing 80 locations in several markets; its new owner, meanwhile, will convert another 88 locations into Peet’s Coffee & Tea stores.

The 30,000-square-foot facility is “focused specifically on fulfilling the needs of firearms enthusiasts,” and it will feature thousands of new and used guns.

The Mill in Northeast Minneapolis is closing its doors after about a year of hosting a collaborative workspace for local builders and designers.

Oppidan Investment announced plans for a new office building in North Dakota’s booming Bakken region where it has recently invested in real estate developments.

Construction on the new downtown Duluth office tower that will house Maurices’ national headquarters will not begin until spring 2013, about 6 months later than projected.

The former owner of Kieran’s Irish Pub and founder of 2 Gingers Irish Whiskey is offering his talents to emerging food and beverage businesses.

Developers say the city is an attractive option for apartments because of the retail development The Shops at West End and the city’s close proximity to downtown Minneapolis.

The design-build contract for the St. Paul stadium will be executed in two parts; Ryan will receive $1.72 million for the design portion, which was finalized Tuesday.

Mortenson Construction was selected as construction manager for the new Vikings stadium; it could make up to $15 million for the project, although that figure could drop significantly if it’s unable to complete the stadium on schedule.

7000 Sandell Condominiums’ homeowners association and property managers will pay $40,000 to settle allegations that they violated the Fair Housing Act.

Edwards Jones Mortgage, LLC, a joint venture between Wells Fargo and investment firm Edward Jones, will close next month.

However, the number of foreclosures is still three times higher than in 2005; meanwhile home sales in January jumped 11 percent year-over-year.

Indeed Brewing Company plans to double its production capacity through a $250,000 upgrade; 612Brew, meanwhile, will open its taproom on Wednesday.

A plan from The Minnesota Sports Facilities Authority calls for 11 percent of Vikings stadium construction contracts to go to women-owned firms and 9 percent to minority-owned businesses; only work by Minnesota companies will count toward the goal.

Construction on a total of 1,344 new Twin Cities homes began last quarter, up 57 percent from the same period in 2011 and the largest fourth-quarter growth since 2007.

Chad Arthur Anderson received a five-year sentence, while Troy Allen Huston was sentenced to four years and nine months; their fraud scheme involved 32 Minnesota properties.

HomeServices of America, which made a handful of acquisitions last year, plans to continue its growth with additional purchases.

Brookfield Properties, which is looking to exit the Twin Cities market, has agreed to sell the building to a California-based real estate investment trust.

M.A. Mortenson Company, Hunt Construction Group, and Skanska AB have submitted bids to oversee construction of the stadium.

Infor’s current lease at Lawson Commons is set to expire in mid-2015, and a spokesman said the company always explores its options when a lease is up for renewal but added that Infor’s need for physical space in St. Paul has diminished.

The Kresge Foundation, led by former McKnight Foundation President Rip Rapson, unveiled a 50-year blueprint for Detroit and pledged $150 million to help revitalize the ailing city.

The City of St. Paul previously selected the company to design and build the new Saints stadium, but public opposition to the contract award prompted the city to seek competitive bids.

Minneapolis-based real estate brokerage firm HomeServices of America, which made a series of acquisitions last year, has continued the trend into the new year with its purchase of California-based Guarantee Real Estate, one of central California’s largest brokerage firms.

The band’s leaders did not disclose the names of the hotels, although sources told local news outlets that they are the Crowne Plaza and DoubleTree in downtown St. Paul.

Bell State Bank & Trust’s parent company is acquiring Minnetonka-based The Business Bank and its mortgage division; together, the two companies originated nearly $3 billion in mortgages last year.

U.S. Bancorp said that its portion of the $8.5 billion settlement includes $80 million in cash and about $128 million in mortgage assistance services; Wells Fargo, meanwhile, will pay $766 million in cash.

For the full year, there were 4,275 residential construction permits issued for a total of 9,035 units—nearly double the number of total units permitted in 2011.

Where are all the gas stations going?

Vélo, which will cater to residents with active lifestyles, will offer 101 luxury units and its first level will include 12,000 square feet of retail space.

Recently-formed Silver Bay Realty Trust Corporation, which will buy distressed properties for rental and resale, is hoping to raise between $238 million and $265 million through an initial public offering.

On Tuesday night, the Shakopee City Council will discuss Emerson’s request for a $6 million assistance package; an Emerson spokesman said Shakopee is one of “multiple options” that it’s considering for expansion.

The city’s permitted construction projects surpassed the $1 billion mark for the first time since 2000.

Blake Hastings, who most recently served as senior vice president at the Phoenix office of Cassidy Turley, will succeed the longtime leader at CBRE's Minneapolis office.

Local home prices rose 8.8 percent between September 2011 and September 2012; among 20 major metro areas measured, only Phoenix posted a more significant year-over-year gain.

Eighteen of the new restaurants will be in California, and a single new location will open in the cities of Lansing, Michigan; Independence, Missouri; and Yakima, Washington.

The Hotel Minneapolis was sold for $46 million, and the downtown Minneapolis Comfort Suites was purchased for an undisclosed sum and will become a Hyatt Place.

Wells Fargo said that it will consolidate three suburban locations over the next three years and shift about 1,000 workers to the Metropoint complex in St. Louis Park, where it just signed a long-term lease.

In early 2013, Sebesta Blomberg plans to move its headquarters from Roseville to St. Paul; Hawkins, Inc., will then relocate its corporate office from Minneapolis to the Roseville space.

Residential real estate brokerage firm HomeServices of America has formed a new joint company that will launch a real estate brand called Berkshire Hathaway HomeServices and more than quadruple its network of brokers from about 16,000 to more than 69,000.

Mark Phillips, who became DEED commissioner in January 2011, said he was “a good fit for a good part of the DEED work” but didn’t enjoy the administrative part of his role; he plans to retire in about five years and wanted to end his career in the private sector.

The announcement—which St. Paul Mayor Chris Coleman said is “in the interest of transparency”—comes five days after the Taxpayers League of Minnesota filed a lawsuit to halt construction of the $54 million stadium, claiming a violation of public bidding procedure.

Citing an unnamed source, the Star Tribune reported that 33 South Sixth is expected to be sold to a San Francisco real estate firm.

The store will be fully stocked for the holidays and will offer items from the highly anticipated limited holiday collection that Neiman Marcus and Target partnered to create.

The renovated 8.8-acre site is expected to house a commercial kitchen and a produce and fish farm—and it is among the locations being considered by St. Paul’s Flat Earth Brewing Company, which is looking for a larger space.

About 700 existing 3M researchers will occupy the new lab facility, which is expected to be completed in 2015.

Ryan Companies US, Inc., will serve as the general contractor and lead designer for the new $54 million Lowertown ballpark.

The AMC Theatre in downtown Minneapolis will close September 23; meanwhile, the renovated Uptown Theatre reopens this week, complete with a larger screen, new seats, and a full-service bar.

The Opus Group sold the Minneapolis development to Chicago-based Harrison Street Real Estate Capital, which bills itself as the nation’s third-largest owner of student housing projects.

The nonprofit health insurer has been leasing 401 Carlson Parkway since 2004, and a spokesman said that buying the building will help the company meet its long-term needs and reduce operating costs.

The new Cherrywood Pointe community in Roseville offers assisted living to seniors; United Properties said it hopes to add more assisted-living developments but doesn’t yet have definitive plans.

The Minnesota Housing Partnership also found that about half of Minnesota renters paid more than they could afford for their homes in 2010.

Construction of 36 Park, a 192-unit luxury apartment building, is expected to be completed in March.

Lennar is adding “home-within-a-home” floor plans to its Minnesota product lineup; the company said it is tapping into a growing trend of multiple generations living together.

Eric Dayton and Andrew Dayton haven’t revealed specific plans for the new property, for which they paid $825,000.

Wells Fargo’s NeighborhoodLIFT program will offer down payment assistance of up to $15,000 to qualified homebuyers seeking to purchase a home in Minneapolis or St. Paul.

Local home prices rose 5.7 percent between June 2011 and June 2012; among 20 major metro areas measured, only Phoenix posted a more significant year-over-year gain.

A radical renovation aims to put the 66-year-old restaurant on a glide path to 100.

As the avenue transforms into a transit corridor, Northwest Packaging is staying put

The importance of discussing your estate plans with your heirs.

One Financial Plaza is now called Canadian Pacific Plaza, a change that is part of the building’s lease agreement with its new tenant.

Two other local companies are involved with the Third North project; it was designed by UrbanWorks Architecture, LLC, and developed by Schafer Richardson—both of which are based in Minneapolis.

Eden Prairie, Woodbury, Eagan, Lakeville, and Maple Grove are among the best small U.S. cities in which to live, according to an annual ranking by CNN’s Money magazine.

The Houston-based company said that it does not plan to change the mall’s tenant mix or management staff.

Chad Anderson and Troy Huston each face up to five years in prison for allegedly brokering fraudulent mortgage loans.

Cost Seg Associates, a Minneapolis-based firm devoted exclusively to cost segregation studies, has merged with Eide Bailly.

Consolidated Container Company plans to acquire Moorhead-based Roffe Container and build a new manufacturing facility in Lakeville, where it will add jobs.

The new headquarters will reportedly be located in a building next door to a technical center that MOM Brands has operated since 2009; the two buildings together comprise 165,000 square feet and are spread across 20-plus acres.

WSI Industries said that its 47,000-square-foot expansion will accommodate new machinery and new employees.

Surly sought applicants “with a strong local presence”—and it has chosen Minneapolis-based HGA Architects for its brewery project.

Minneapolis is now accepting proposals from developers to build 100 “green” homes in North Minneapolis over the next five years using $3 million in grants and loans.

The venue, which is now called Mill City Nights, said that it has renovated the club to create a “smaller, more intimate venue that is certain to deliver on customer expectations.”

The iconic downtown steakhouse will undergo a six-figure renovation, adding private dining, a horseshoe bar, and new décor—changes that the restaurant expects will generate more revenue and attract a younger demographic.

A $20 million renovation seeks to restore the mall’s grandeur and commercial mojo before year’s end.

A tale of two tilapia farms, right here in River City.

The retailer, which currently operates three other stores in Minnesota, is putting down roots in Uptown Minneapolis.

Some high-profile projects—like the proposed St. Paul Saints ballpark and the Southwest Corridor light-rail line—previously announced plans to seek a share of the state funding, but 90 applications have now been filed.

A condominium association for Greenbrier Village in Minnetonka and association management firm Gassen Company are accused of discriminating against potential homeowners and renters by enforcing an adults-only policy.

Through 20 years, good and bad, St. Paul Saints fought the good fight, remaking minor league baseball while they were at it. Now, if they could only get out of Midway Stadium.

Can the University of Minnesota’s multidecade project to turn 5,000 acres of land into a sustainable community succeed—or will it just make a lot of money mining gravel and sand?

When the Edina complex opened in 1956, it served as the first enclosed shopping mall in America—and hundreds of other shopping malls across the United States were subsequently modeled after it.

Joseph Steven Meyer and other co-conspirators allegedly defrauded mortgage lenders in conjunction with a condo project of bankrupt St. Paul developer Jerry Trooien, who has not been charged.

The short list of possible sites for the brewery include two in Minneapolis, one in Brooklyn Center, and a fourth in an unnamed “inner suburban” location.

The 212,000-square-foot office building would house approximately half of Xcel Energy’s 1,500 downtown Minneapolis employees; the other half would work at Xcel’s current headquarters across the street.

At the top of the list is a $24 million mansion on Lake Minnetonka in Orono, which is currently owned by former Vikings co-owner James Jundt.

St. Paul will ask for more than half of the $47 million that the state has set aside for economic development projects—and it faces growing competition for those dollars.

HomeServices of America recently purchased a business in Missouri after making acquisitions in Oregon, Washington, and Connecticut earlier this year.

Fifty local commercial real estate leaders-asked about their expectations for future vacancy rates, rental rate growth, development costs, and financing for new projects-have changed their two-year outlook from slightly optimistic to slightly pessimistic.