Recent content from Jim Buchta
When Texas-based homebuilder David Weekley decided to expand to the Twin Cities, it tapped industry veteran Ian Peterson.
For the second time in a week, Twin Cities-based HomeServices of America Inc., a Berkshire Hathaway affiliate and parent company of Edina Realty, bought one…
At same time, metro inventory shrinks, putting pressure on both sides of the deal.
The latest drop followed disappointing economic data
Boosters are expanding their efforts to promote living in downtown Minneapolis. Explore Downtown Living is becoming a twice-a-year apartment tour, an urban version of the…
Twin Cities-based HomeServices of America Inc. is expanding in the Pacific Northwest with the purchase of one of its franchisees, one that already has…
From the beginning, Bill Morrissey was destined to work in the hospitality industry. He was born in Minneapolis and raised in Bloomington, where his first…
At a standing-room-only meeting, the Minneapolis Heritage Preservation Commission on Tuesday voted in favor of allowing a developer to demolish two buildings but denied a…
As first-time buyers in the Twin Cities slug it out over a paltry number of listings, homebuilders are scrambling to help satisfy that demand.
Homebuilders in the Twin Cities heartened by "steady growth" in 2016.
The supercomputing company is leaving downtown St. Paul.
One of the largest developers in the Twin Cities has floated a plan to develop apartments in a suburban office park. Opus Development Co. wants…
Apartment venture would be the Mpls. firm's first in capital.
Growing number won't sell without home lined up.
Do the harvest gold appliances just have to go? What about the country oak cabinets? Time to gut the entire kitchen?With the start of the…
Barbara Halverson is retiring after 44 years with Steven Scott Management, Inc., most recently as chief executive and president of the St. Louis Park-based rental…
Major developments will bring hundreds of new apartments to a historic neighborhood just across the river from downtown Minneapolis. But some worry that they will alter the area's character and create the same hassles that are found downtown.
There was no shortage of home buyers in the Twin Cities last month, but sellers were scarce. Median prices also rose as sellers continue to have an advantage over buyers.
A Minneapolis apartment development — the first in the city for a high-profile national developer — got the thumbs up from the Minneapolis Planning Commission…
It's another sign of the state's strong housing market.
A proposal to build a 40-story condo tower across the river from downtown Minneapolis was scheduled to be reviewed by the Minneapolis Heritage Preservation Commission…
As apartment construction in the Twin Cities calms, house construction is gaining steam, the latest report from the Builders Association of the Twin Cities shows.…
Dominium begins construction of Prior Lake senior apartment complex Construction started this week on a low-income senior housing complex that will replace a strip mall…
Developer says he's aiming to "appeal to everyone."
Bob Lux is confident buyers will pay $299,000 for a new, four-bedroom house with a creek view, granite counters and an open floor plan in north Minneapolis.
HomeServices of America said Thursday it hired Alon Chaver, a former vice president at Trulia, as chief information officer, a new position at the firm.…
The deal represents the highest price paid for a Twin Cities suburban housing project.
The kickoff to the spring housing market in the Twin Cities was unseasonably strong — especially for sellers. Inventory is very tight, but agents expect more sellers to emerge this month.
The deal for St. Paul-based PCG will help HomeServices expand its insurance offerings nationwide.
Entry-level houses are the one big void in metro's residential rebound.
Despite thousands of new apartments in the Twin Cities metro area, the rental market has remained relatively stable, according to a year-end report released this…
The site once held the Gates Mansion. At 38,000 square feet, it was the largest house ever built in Minneapolis. The new structure will be 8,800 square feet.
Despite frustration and tragedy, a Scandia builder kept working on a distinctive caulk and finally broke through on QVC.
Two early-year reports showed drop-offs in residential and nonresidential building permits.
Rising home prices and a stable economy are keeping mortgage defaults at bay in Minnesota. The foreclosure rate statewide last year fell 13 percent to…
Lakeside living offers five-star custom-home-like amenities in larger rentals -- for a price.
Even the laundry business is being transformed by smartphones, software and entrepreneurs like Jeff Gardner.
Mortgage rates are still very low, but a continued dearth of listings is having a big impact on the market.
The decision comes after months of speculation about whether Lux would build apartments or condos on the site at 200 Central Av., now the location of a Washburn-McReavy funeral home.
But number is still far short of metro-area demand, analysis says.
Across the metro area, ordinary homeowners are thinking about whether to cash in on the action of big-time events coming soon.
As housing demand soars, Minneapolis' North Side has many empty lots with few takers after teardowns are never rebuilt, contrasting starkly with booming construction in the rest of the city.
More homes changed hands in the Twin Cities last year than any other year in a decade, and the median price was just 4.5 percent below the all-time peak in 2006.
Brian Call, president of Rubicon Mortgage, steps into the role of president of the Minnesota Mortgage Association at a particularly challenging time for the industry.…
Twin Cities residential construction rose in 2015, fueled largely by rental demand
Twin Cities home prices continued to gain strength in October, according to data released Tuesday that underscored the likelihood that the market’s winter slowdown would…
At the market's exclusive level, houses that couldn't be replicated today are sitting unsold as well-to-do buyers seek technology over turrets and perfection over patina.
The savings, landlords say, will help them cope with double-digit increases in property assessments and a tight labor market that has driven up wages.
Elness Swenson Graham Architects Inc., simply called ESG, dominates the Twin Cities market in the design of new housing and hotels, and they shepherded dozens of difficult projects in historic districts in recent years.
Mild weather and low (for now) mortgage rates mean Twin Cities boom year is closing strong.
Construction to start soon on a 25-unit building, with a 50-unit senior cooperative also planned.
Ohio-based M/I Homes enters the market with the acquisition of Hans Hagen's namesake firm.
Twin Cities software developer starts StickyApps to enable photographers to become website developers
Local techie aids photographers in supplementing their income by becoming website builders
Apartment giant has been on a Twin Cities property binge.
Judges, parents and 31 children celebrated as Ramsey County makes placements permanent.
Buyers outnumbered them in October, giving prices a boost and limiting total listings
Edina Realty's parent acquired a Dallas brokerage with strength in the high end of the market.
Thousands of new rental apartments hit the market in the Twin Cities this year, but shoppers still have limited options and are facing the biggest…
Many homeowners don't have enough to cover cost of moving. It's one of the last big issues to stymie the region's housing market — and its impact is broad.
After selling upscale apartments built near the U, developer Kelly Doran has new projects in north and west suburbs.
Becca Vargo Daggett was happiest when she felt she was making a difference, and she wasn’t shy about getting involved. “She’d be the one in…
Atop the Pillsbury A-Mill complex along the Mississippi River, a crane has been replacing the letters one by one, like a big game of Scrabble.
The new owners say they plan to turn the Burnsville ski operation into "a year-round, world-class sport training facility," including summer snowboarding.
The losses are marginal in a state where there are 3 million jobs, but they are another sign of slowing performance by one of the strongest employment markets in the country.
Sellers still have the upper hand and the number of pending sales is a signal the fourth quarter will also be strong.
Twin Cities apartment complexes offer a contrast in amenities.
The research business grew out of needs that local real estate agents had during the recession.
Rental services company sold to local investor group with plans to expand
A Kansas developer has refined its plans for a building it hopes will serve an unmet need near the U.
Longtime Twin Cities developer Jeff Schoenwetter plans to build boutique condominiums called Meyer Place at Ferndale on the northern shore of Lake Minnetonka. Plans are…
The waning days of summer are typically a time for browsing, but not this year. With house listings in short supply, sellers are in the driver's seat and buyers are on edge.
TitleSmart maintains events were for networking, not to solicit business referrals.
A raft of new apartments and an uptick in single-family homes gave Twin Cities homebuilders a boost last month. During the four-week period ended Aug.…
A Florida developer wants to make a small corner of Edina more pedestrian-friendly with its apartment proposal.
As July home sales climbed 17 percent, data also showed renters are paying near record levels of their income for apartments.
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