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Daily news source focused on commercial real estate, construction, banking, finance, economic development in Minnesota.
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News
Black Swan to buy affordable apartments in Bloomington
1+ week, 2+ day ago (414+ words) Dan Netter//September 3, 2026// A prominent buyer of affordable apartment properties in southeast Minnesota is under contract to buy three affordable properties in Bloomington, according to city of Bloomington documents. Black Swan Real Estate is set to purchase the three apartment…...
$140M plan revives historic Hamm’s Brewery in St. Paul
7+ mon, 1+ day ago (1063+ words) Nearly three decades after the Hamm’s Brewery in St. Paul produced its last bottle of beer, the historic complex is a mere shadow of its former vibrant self. The seven-building complex, the oldest part of which dates to the 1880s, sits…...
Minnesota veterans homes get $62M for renovations
3+ mon, 2+ week ago (644+ words) Brian Johnson//May 25, 2026// The Minnesota Department of Veterans Affairs is pushing forward with planned renovations on two veterans home campuses in the Twin Cities now that the legislature has agreed to repurpose funding authorized three ago for a different project....
Leipold-led group paid $18 million for St. Paul Hotel
3+ mon, 3+ week ago (231+ words) Dan Netter//May 20, 2026// After the acquisition was initially announced last week, a certificate of real estate value disclosed that a local group of investors paid $18 million to purchase the Saint Paul Hotel. The investors, led by Minnesota Wild owner Craig…...
St. Paul redevelopment nonprofit buys 2 buildings
9+ mon, 1+ day ago (536+ words) Dan Netter//December 11, 2025// Marking their third and fourth acquisitions in two months, the St. Paul Downtown Development Corporation announced Thursday it has purchased the Empire Building and the Endicott Arcade. Going forward, Cushman & Wakefield will serve as the property manager…...
Minnesota contractors less optimistic for 2026
9+ mon, 4+ day ago (760+ words) C-Level and Leadership Awards Minnesota contractors less optimistic for 2026 AGC survey respondents are most optimistic about the technology/data center market segment. This rendering shows a 1.4-million-square-foot data center CloudHQ plans to build in Chaska. (Rendering: CloudHQ) A new survey…...
Just Sold: Cirrus growth spurs Duluth warehouse sale
9+ mon, 2+ week ago (572+ words) Editor’s note: “Just Sold” is a Finance & Commerce feature based on the newest certificates of real estate value filed with the Minnesota Department of Revenue for commercial sales throughout Minnesota and reports of sales across the country involving local parties....
On the Market: Crystal and Bloomington multifamily sites offer value-add
10+ mon, 3+ week ago (505+ words) Two campus-style suburban multifamily properties with significant value-add potential get the spotlight in this week’s On the Market. First, we visit a 36-unit community near Crystal’s commercial core that has been with the same owner for going on 45 years. Then…...
Bloomington council extends Mall of America plan
11+ mon, 1+ week ago (273+ words) Top Women in Finance Last year, the Mall of America pitched a revised 144,000-square-foot water park to the Bloomington City Council. The proposed water park would have 30 slides, a lazy river ride, a wave pool and a “family splash pad....