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Daily news source focused on commercial real estate, construction, banking, finance, economic development in Minnesota.
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News
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…...
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 breaks ground on wellness center
10+ mon, 4+ week ago (217+ words) The city of Bloomington plans to build a new community health and wellness center at 9801 Penn Ave. S., the site of the now vacant Creekside Community Center. (Rendering: HGA) The city of Bloomington broke ground Tuesday on a $101.8 million Community Health…...