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St. Cloud

In St. Cloud, first-time developer tackling housing shortage by focusing on overlooked communities

A housing study said St. Cloud needs 17,000 new housing units by 2040.
December 20, 2024
Twin Cities Suburbs

A Hastings couple can’t get a mortgage. Is the Supreme Court to blame?

The Twin Cities couple says a fight over a Biden administration student loan repayment plan is preventing them from buying their first home.
December 19, 2024
Real Estate

Developer is starting to make his mark in Twin Cities through affordable housing projects

Johnny Opara and his JO Cos. have $200 million in projects in the pipeline and opened a $23.4 million affordable housing complex in Brooklyn Center earlier this month.
December 18, 2024
Real Estate

Minnesota homebuyers had more options in November, when sales increased for a second month

Prices also increased statewide, with the median closing price last month in the Twin Cities at $375,000.
December 17, 2024
St. Paul

St. Paul Port Authority looking to buy former Kmart site near I-35E

The authority hopes to develop the parcel for light industrial use.
December 17, 2024
St. Paul's lone Kmart store, on Maryland Avenue East, will close in mid-December, officials said Sunday.
Real Estate

Downtown Minneapolis’ Wells Fargo Center sells to trio of investor groups

Minnetonka-based Onward Investors partnered with two other firms to purchase the city’s third-tallest building. The sales price was not immediately available.
December 13, 2024
The Cesar Pelli-designed Wells Fargo Center, at left, along with the Capella Tower, two of the standout skyscrapers in the Minneapolis skyline. Tuesday, September 6, 2011.
Real Estate

Minneapolis might soon approve the city’s largest condo project in half a decade

Amid a drop-off in multifamily construction, a pair of Twin Cities developers will seek final city approval this month to build 15 upscale condos in the Linden Hills neighborhood.
December 12, 2024
Real Estate

St. Paul condemns troubled Lowry Apartments in downtown, displacing dozens of tenants

Officials temporarily relocated residents to hotels following a water leak in the troubled property.
December 11, 2024
Business

N.Y. developer of $500M Duluth real estate project files for bankruptcy protection for different Duluth venture

The day before breaking ground for the project on the former Central High School site, another property developed by Luzy Ostreicher filed for bankruptcy after its lender said it falsified financial statements and defaulted on a nearly $52 million loan.
December 11, 2024
Duluth

Construction begins on Duluth’s ‘newest neighborhood,’ at scenic former high school site

The vacant site of the former Duluth Central High School will become the home of a major housing development with some of Duluth’s best views.
December 11, 2024
Real Estate

Ryan Cos. to transform Eagan’s former Thomson Reuters compound to industrial campus, housing

The Minneapolis-based developer finalized its purchase of the 179-acre site Friday after initially agreeing to the deal earlier this year.
December 10, 2024
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Real Estate

Decorate your home for the holidays without all the overspending or clutter

Here are some ways to stay festive and organized on a budget.
December 9, 2024
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