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Recent content from Jim Buchta
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
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
The sale shows firms have more interest in student housing and Twin Cities.
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
Shakopee hopes Canterbury project is "first domino" for nearby growth
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
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
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
Stanton was the most influential developer of his generation.
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
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 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
With Twin Cities unemployment low, demand is outweighing supply.
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
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
Neighborhood group wins skirmish in multifront battle to stop a tower across from downtown Minneapolis.
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
The 20- and 24-story towers will transform the look of France Avenue near Southdale.
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
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
April listings drop 8.3 percent, heating up competition and boosting prices.
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
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
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
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
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
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
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 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
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
The late Twins star's home has five bedrooms and seven bathrooms.
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
Affordable areas near urban amenities are in demand – like Richfield.
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
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
Investor-owned rentals are having an effect.
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
The deal happened before the house was publicly listed.
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's local assets will be purchased by CalAtlantic and M/I.
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
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
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
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
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
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
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
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
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
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
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
2016 was the best year in a decade for new houses in Twin Cities.
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
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 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
As the Twin Cities market struggles, Freddie Mac is helping CommonBond.
Prince properties in Chanhassen are hitting the market and going fast
Several of late star's properties now for sale are drawing fast interest.
Homebuilding permits remain strong in Twin Cities in November
Permits for overall construction rose 15 percent, and those for single-family homes jumped 20 percent.
Bergerud plans apartment and retail project in North Loop
Neighborhood advocates say the North Loop needs convenience retail and other services.
Apartments for men coming out of prison planned for North Loop
Beacon Interfaith Housing Collaborative recently received funding to build a $14.1 million rental apartment building to be home to 72.
Mpls. park board seeks developer for land along the Mississippi
Wanted: A developer willing to help close a key gap along the Mississippi Riverfront.That firm must be willing to work with the Minneapolis Park and…
Twin Cities real estate pinchpoint: Few low-priced homes being built
Lack of houses at less than $250K pinch first-time buyers and downsizers.
Just Listed: Hillcrest sells renovated food-production plant in St. Louis Park
Two years after paying $3.5 million for a former Nestlé Ovaltine factory in St. Louis Park, Twin Cities-based Hillcrest Development sold the bulk of the…
Twin Cities home sales rose again in October, and supply tightened even further
Agents say dwindling inventory and rising rates are continuing concerns.
Global investors are snapping up cheap homes in Twin Cities
Buyers from across the globe are gobbling up small houses in the Twin Cities, which has helped drive the supply of affordable house listings to the lowest level in a generation
Apartment demand, rents stay strong in Twin Cities
Demand for rental apartments in the Twin Cities metro continues to defy expectations. Across the 13-county metro, the average vacancy rate declined to 2.5 percent…
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