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Daily news source focused on commercial real estate, construction, banking, finance, economic development in Minnesota.
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News
Bloomington reviews Mall of America water park financing
11+ mon, 3+ week ago (512+ words) The Mall of America pitched a revised 143,000-square-foot water park to the Bloomington City Council on Thursday. The proposed water park will have 30 slides, a lazy river ride, a wave pool and a “family splash pad.” (File rendering: Mall of…...
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....
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…...
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…...
Leipold-led group paid $18 million for St. Paul Hotel
3+ mon, 3+ week ago (231+ words) property, while other investors include Securian Financial, Ecolab and a trio of local developers. According...
$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…...
Bloomington studies BRT route along American Boulevard
10+ mon, 2+ week ago (354+ words) Dan Netter//October 28, 2025// The city of Bloomington is considering the addition of a new bus rapid transit route along American Boulevard, in part, according to city documents, as a way to help the already existing developments along the roadway but…...
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 OKs building new fleet maintenance facility
11+ mon, 2+ week ago (401+ words) Bloomington plans to build a 40,000-square-foot fleet maintenance facility at 1800 West 96th St. in southern Bloomington. (Rendering: JLG Architects) Dan Netter//September 22, 2025// The Bloomington Planning Commission has given the green light to a new maintenance facility for the city’s fleet of…...
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…...