Staff Directory 10644536

Jim Buchta

Reporter | Residential real estate
phone: 612-673-7376
Jim Buchta is the Star Tribune's residential real estate reporter, covering the Twin Cities housing market and its trends. He also contributes to the Star Tribune's Travel section.
Recent content from Jim Buchta
Race gap in Twin Cities homeownership rate has gotten worse

Race gap in Twin Cities homeownership rate has gotten worse

The gap is another reflection of disparities between white and nonwhite incomes in Minnesota.
Cloquet teacher Len Anderson, 77, was a devoted champion for the St. Louis River

Cloquet teacher Len Anderson, 77, was a devoted champion for the St. Louis River

A biology teacher at Cloquet High School, he inspired thousands of students, started a water-quality testing program called River Watch and was a mentor to many.
Stagers take a bigger role as a demand remains high in Twin Cities home market

Stagers take a bigger role as a demand remains high in Twin Cities home market

Sales fell in July, shaped by an even faster decline in supply of homes that were for sale. Even so, business is strong for home stagers, the firms that bring in furniture, artwork and appliances to make a home look just right for prospective buyers.
After nearly 5 years on the market, Mary Tyler Moore house has a buyer

After nearly 5 years on the market, Mary Tyler Moore house has a buyer

The deal hasn't closed, but the house was listed around $1.7 million.

Doran Cos. to build in Colorado for Twin Cities-based developer Sherman Associates

Doran is building the Ascent, a 255-unit apartment and retail project, for Minneapolis-based Sherman Associates in the Denver suburb of Westminster.
After a data update, it turns out homebuilding was flat in the Twin Cities last month

After a data update, it turns out homebuilding was flat in the Twin Cities last month

A miscount of the size of the biggest apartment project threw off the totals.
With help from Richfield, developers plan affordable apartments near MSP

With help from Richfield, developers plan affordable apartments near MSP

The $65 million joint venture would develop two blocks of city's Cedar Corridor parkway.
Building solid communication skills in a changing construction industry

Building solid communication skills in a changing construction industry

During a time of transformation in the industry, a team of educators help construction management leaders to connect more effectively in today's faster world.

FirstService Residential buys Paradise & Associates

After several major deals over the past few years, the pool of residential property management companies in the Twin Cities has become a bit more…
Developers update plans for tower, more at General Mills site near river in Minneapolis

Developers update plans for tower, more at General Mills site near river in Minneapolis

Doran and CSM plan apartments spread among walk-up townhouses, five-story structure and 20-story tower.
Foreclosure rate drops to all-time low in Twin Cities

Foreclosure rate drops to all-time low in Twin Cities

But that's not all good news. Property shortages may be keeping some people out of the market.
Twin Cities home sales hit another record, but shortage of listings will crimp deals

Twin Cities home sales hit another record, but shortage of listings will crimp deals

Pending deals have been flat for several months and a drop in sales is likely to follow.
Kelly Doran sells pair of Dinkytown apartment buildings for $93 million

Kelly Doran sells pair of Dinkytown apartment buildings for $93 million

The sale shows firms have more interest in student housing and Twin Cities.
Chanhassen approves 6-story apartment building featuring an Aldi

Chanhassen approves 6-story apartment building featuring an Aldi

A mixed-use apartment development anchored by an Aldi grocery store cleared a critical hurdle. The Chanhassen City Council on Tuesday voted in favor of the…
Giant apartment complex planned for Canterbury Park grounds

Giant apartment complex planned for Canterbury Park grounds

Shakopee hopes Canterbury project is "first domino" for nearby growth
Shortage of skilled workers squeezing Twin Cities builders

Shortage of skilled workers squeezing Twin Cities builders

Twin Cities builders and contractors are in the midst of one of their busiest years. But a shortage of skilled workers means that new projects are costing more and taking longer to complete.
Twin Cities homebuilders finish best month in a decade

Twin Cities homebuilders finish best month in a decade

Permits for homes, rentals soared in Twin Cities in June, on track for a strong year.
Robert Moline's exit launches executive changes at HomeServices

Robert Moline's exit launches executive changes at HomeServices

HomeServices is replacing the retired Robert Moline with 5 regional presidents.
Jim Stanton, a leading builder of suburban homes and downtown lofts, dies at 81

Jim Stanton, a leading builder of suburban homes and downtown lofts, dies at 81

Stanton was the most influential developer of his generation.
One mom made Cornerstone Creek development for disabled adults a reality

One mom made Cornerstone Creek development for disabled adults a reality

She had a personal reason to make a home for developmentally disabled adults a success story
Twin Cities home market tips into shortage, and buyers waste no time

Twin Cities home market tips into shortage, and buyers waste no time

The lack of homes to buy is now crimping the number of overall deals.
Developers outline plans for 110-unit condo tower in Minneapolis

Developers outline plans for 110-unit condo tower in Minneapolis

Developers want to build 110-unit mid-rise complex on E. Hennepin Avenue.
Apartment demand in the Twin Cities exceeded new supply during the first quarter

Apartment demand in the Twin Cities exceeded new supply during the first quarter

With Twin Cities unemployment low, demand is outweighing supply.
Edina City Council greets residential towers in 'lukewarm' fashion

Edina City Council greets residential towers in 'lukewarm' fashion

The proposal for the residential buildings across from the Galleria and Southdale is in the early stages of review.

Bremer Bank, Sunrise Banks, others join $25 million affordable housing fund

NOAH will purchase 1,000 Twin Cities affordable rentals, helping to offset rising rents.
New apartment building roared in May, ending a big spring for new home building in Twin Cities

New apartment building roared in May, ending a big spring for new home building in Twin Cities

With a lot of action in the suburbs, homebuilders are on pace for their best year in nearly 15 years.
Hennepin County judge stays a teardown that would lead to 40-story condo tower

Hennepin County judge stays a teardown that would lead to 40-story condo tower

Neighborhood group wins skirmish in multifront battle to stop a tower across from downtown Minneapolis.
Stillwater gets a senior apartment project

Stillwater gets a senior apartment project

The Stillwater City Council this week unanimously approved a special use permit, planned unit development and preliminary plat for the city’s first senior living project.…
Two condo towers could rise across from Southdale, Galleria in Edina

Two condo towers could rise across from Southdale, Galleria in Edina

The 20- and 24-story towers will transform the look of France Avenue near Southdale.
Equity-strapped sellers keep starter homes in short supply

Equity-strapped sellers keep starter homes in short supply

More than 20 percent of metro homeowners who have a mortgage wouldn't clear enough money in a sale to cover real estate commissions and other selling costs and to make a down payment on another home, according to a Star Tribune analysis.
Find out whether lack of home equity is a problem where you live

Find out whether lack of home equity is a problem where you live

More than 20 percent of Twin Cities mortgaged homeowners don't have enough equity to cover the cost of selling and moving up, stifling house listings.
Tight supply continues to hamper Twin Cities home sales

Tight supply continues to hamper Twin Cities home sales

April listings drop 8.3 percent, heating up competition and boosting prices.
Edina Realty picks new president from within

Edina Realty picks new president from within

Twin Cities-based Edina Realty has a new president: Sharry Schmid, who takes over for Barb Jandric, who retired after 34 years at the company.

Legislature's changes to construction-defect laws could help condo developers

Several much-anticipated changes to Minnesota’s construction-defect laws are closer to the governor’s pen. The amendments to House File 1538 received bipartisan support and went to…
State's oldest comic store will relocate to make way for new apartments

State's oldest comic store will relocate to make way for new apartments

The popular store has been in the Uptown area since 1974.
New housing being built in Twin Cities at fastest rate in more than a decade

New housing being built in Twin Cities at fastest rate in more than a decade

But it's not enough to satisfy demand in some part of the region.
Denver developer closes in on 8-story tower near Lake Calhoun

Denver developer closes in on 8-story tower near Lake Calhoun

Its effort to demolish a 1950s office building on the lake's north side to build a 200-unit residential tower moves forward.

Deals for vacation homes took a big dip last year

Vacation home buyers hit pause in 2016 while real estate investors turned up the volume. That is according to a just-released survey of second-home and…
March home sales in the Twin Cities were the best since 2005

March home sales in the Twin Cities were the best since 2005

But the boom might fade because too few are currently on the market, especially entry-level homes.

Real estate notebook: Top real estate brokages in Minnesota, according to Real Trends

Real Trends released its latest rankings of brokerages across the U.S., which is based on data from a voluntary survey.

Just Listed: Two senior housing projects move forward

With the leading edge of the baby boomer generation easing into retirement, senior rental projects are on the upswing in the Twin Cities.
Virtual reality expected to shake up future of real estate

Virtual reality expected to shake up future of real estate

The technology has gone down in price and is now easier to use, buyers and their agents aren't as afraid of technology as in past years, and real estate markets are more global than ever.

HomeServices of America boosts its East Coast presence with purchase of N.J. real estate firm

Twin Cities-based HomeServices of America is expanding its East Coast holdings with the acquisition of Gloria Nilson & Co. Real Estate in New Jersey.
Twin Cities homebuilders having best spring in 10 years

Twin Cities homebuilders having best spring in 10 years

Housing construction in the Twin Cities metro soared in March to its best numbers in at least a decade, the Builders Association of the Twin Cities said Friday.
Elevage plan brings upscale apartments, townhouses to Shoreview

Elevage plan brings upscale apartments, townhouses to Shoreview

Elevage Development Group of Blaine is building a $40 million mixed-use project in Shoreview that will bring upscale apartments and townhouses to a part of…
Builder of 40-story condo scores one court win, but judge still considering height issue

Builder of 40-story condo scores one court win, but judge still considering height issue

Neighbors say the Alatus project is too tall. A judge will decide April 19.
Edina mansion that belonged to Kirby Puckett has been sold for $1.57M

Edina mansion that belonged to Kirby Puckett has been sold for $1.57M

The late Twins star's home has five bedrooms and seven bathrooms.
Robin Peterson retiring as president of Coldwell Banker Burnet in Twin Cities

Robin Peterson retiring as president of Coldwell Banker Burnet in Twin Cities

She is winding down her 40-year career and will retire from Coldwell Banker Burnet.
Unlikely new hot spots in Twin Cities housing market

Unlikely new hot spots in Twin Cities housing market

Affordable areas near urban amenities are in demand – like Richfield.
Find the hot housing markets in the Twin Cities

Find the hot housing markets in the Twin Cities

Are you living in a hot housing market? To find out, the Star Tribune’s housing market index combines four key housing metrics for cities with…
Workforce housing planned for Mpls. half block once offered for $5M on Craigslist

Workforce housing planned for Mpls. half block once offered for $5M on Craigslist

In 2013, a Twin Cities landowner posted a Craigslist ad for a half block that fetched considerable attention, in part because of its $5 million asking price. It's finally being sold.
With fewer homes coming on the market, sales leveled out in Twin Cities last month

With fewer homes coming on the market, sales leveled out in Twin Cities last month

Investor-owned rentals are having an effect.
High land prices pose threat to homebuilders

High land prices pose threat to homebuilders

It’s a common complaint among Twin Cities-area developers: New homes in the Twin Cities cost a lot because of high land, labor and permitting fees.…
A lakeside mansion in Orono, owned by Pillsbury descendants, sells for $5.1 million

A lakeside mansion in Orono, owned by Pillsbury descendants, sells for $5.1 million

The deal happened before the house was publicly listed.
Twin Cities home permits rise, but listings remain low

Twin Cities home permits rise, but listings remain low

After solid February numbers, builders optimistic for big year.

Owner of Calhoun Beach Club, Loring Towers tries to stop Airbnb

The owner of two prominent Minneapolis apartment buildings has filed a lawsuit against Airbnb, the short-term rental company that is helping transform the way people…
Mattamy will close its homebuilding unit in Twin Cities

Mattamy will close its homebuilding unit in Twin Cities

Mattamy's local assets will be purchased by CalAtlantic and M/I.
Apartment construction hits Twin Cities peak since the 1980s

Apartment construction hits Twin Cities peak since the 1980s

Nearly all of it will be in upscale buildings in the suburbs, where there's been little new apartment construction since the 1980s. Only 1 in 10 will be for low-income renters.
New listings up in January, but Twin Cities housing market still tight

New listings up in January, but Twin Cities housing market still tight

Despite a healthy uptick in homes coming on the market, the inventory is the lowest in 14 years.
How a real estate attorney cut the check out of the first step in home buying

How a real estate attorney cut the check out of the first step in home buying

A new company aims to tackle one of the final steps of the home-buying process that can't be completed electronically
Twin Cities homebuilding permits shot up 25 percent in January

Twin Cities homebuilding permits shot up 25 percent in January

The best January in a decade starts the foundation for a strong 2017.

2016 was third biggest year for home sales in Twin Cities

A 2.6 percent gain in December closes a year of extremes.
For Twin Cities home buyers this year, what matters most is speed

For Twin Cities home buyers this year, what matters most is speed

In 2016, the median time that a house was on the market in the metro was a mere 33 days, according to the Minneapolis Area Association of Realtors, and that figure is likely to fall to just a month this year.
Developer sees apartments and grocery near light rail in south Minneapolis

Developer sees apartments and grocery near light rail in south Minneapolis

South Minneapolis could get a grocery store it needs. Oppidan Investment Co. has proposed building a mixed-use development at 46th Street and Hiawatha Avenue that…
Dick Brustad, developer who converted Mill District and built affordable housing for decades, dies at 75

Dick Brustad, developer who converted Mill District and built affordable housing for decades, dies at 75

Brustad, who led several public and private housing entities during his career, died of a heart attack on Jan. 3.
North Minneapolis neighborhoods are tops for hot housing markets

North Minneapolis neighborhoods are tops for hot housing markets

Neighborhoods once dogged by foreclosures are seeing properties sell quickly and above listing price.
Small condo project in Wayzata adds to the trickle in Twin Cities

Small condo project in Wayzata adds to the trickle in Twin Cities

The 21-unit luxury building near Lake Minnetonka bolsters the number of for-sale condos.
Twin Cities area is no renter's market, but it will start to tilt that way

Twin Cities area is no renter's market, but it will start to tilt that way

Developers shift attention to suburbs after flooding areas around the University of Minnesota and Uptown with new units.
Alatus riverfront condo tower is delayed by trial

Alatus riverfront condo tower is delayed by trial

A luxury riverfront condo tower in Minneapolis is facing another delay. Alatus LLC has been working on plans to build a 42-story condo tower overlooking…
Building permits for new homes rose 11 percent in the Twin Cities this year

Building permits for new homes rose 11 percent in the Twin Cities this year

2016 was the best year in a decade for new houses in Twin Cities.
Edina Realty remade its website for mobile shoppers

Edina Realty remade its website for mobile shoppers

After nearly two years of work, Edina Realty's new website gives home shoppers the same experience on any device. It lets them look for homes by lifestyle as well as location.
Pending home sales rose 9 percent in November as availability falls

Pending home sales rose 9 percent in November as availability falls

December also looks strong, with agents busy with closings to the end of the year.
Developer eyes spot near Lake Calhoun for 13-story tower

Developer eyes spot near Lake Calhoun for 13-story tower

Developer unveils three options, with an aim to be "cognizant" of neighbors, scenery and urban design.

Uptown apartment complex to get Aldi

Uptown neighborhood apartment complex to get Aldi, not Trader Joe’s A much-coveted site in south Minneapolis will get 77 apartments atop a 20,000-square-foot Aldi store…
Freddie Mac steps in to help nonprofit investors preserve affordable housing

Freddie Mac steps in to help nonprofit investors preserve affordable housing

As the Twin Cities market struggles, Freddie Mac is helping CommonBond.
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