Recent content from Jim Buchta
Owner of Edina Realty solidifies dominance in Omaha with acquisition
HomeServices grabs residential independent Ambassador.
Twin Cities home listings rose in May, but sales fell for sixth straight month
But the rare rise couldn't create more total sales in the Twin Cities last month.
Aeon gets $550,000 grant to build more affordable homes in Twin Cities
The $550,000 will be used to bolster Aeon's focus on creating quality affordable rental housing.
Developers accelerate plans on apartment projects around Minneapolis
Municipal planners will review hundreds of units across the city this week.
High prices for existing homes help construction take off in metro
As low inventory and bidding wars drive up prices of existing homes in the Twin Cities, May's permits for new-home construction hit their highest level in years.
Construction begins on mixed-use project on Selby that has multiple backers
Construction started this week on an innovative mixed-use development that includes senior rental housing and first-floor commercial space in St. Paul. The Selby Milton Victoria…
HomeServices buys Ebby Halliday of Dallas
HSA has been on a shopping spree for the past several years as it targets companies in new and existing markets.
Minn. resorts spend millions to stay ahead of the vacation curve
Lodging and activities are changing with visitors' expectations
North Loop plan flips to affordable rentals
One of the most expensive neighborhoods for renters in the Twin Cities could get a big batch of more affordable apartments. Minneapolis-based Schafer Richardson has…
Shortage of listings stifles sales, tightens Twin Cities market
The average number of listings fell below 10,000 in April for the first time in decades, leaving buyers with about half as many options as there were six years ago and 25 percent fewer than last year at the same time.
Plan emerges for the O'Gara's site in St. Paul with apartments and smaller pub
Redevelopment to include 163 apartments and a co-working space.
HouseRater app and website speeds process of energy evaluation in buildings
A new app and website could transform the way audits are done, setting a new standard for the building industry.
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Mark Haase beats Mike Freeman for DFL endorsement as Hennepin attorney
Freeman plans to be on the ballot in November regardless of the endorsement vote, his son said.
283-unit senior care center planned for Prospect Park neighborhood
Oppidan Investment Co. plans to build a 283-unit senior apartment complex in Minneapolis' Prospect Park, which is one of the city's hottest neighborhoods for construction at the moment.
Prince's island retreat in Turks and Caicos is now up for sale
The 5.74-acre property is surrounded by water on three sides and includes several buildings with more than 10,000 square feet and two private beaches.
Planned 40-story condo tower in Mpls. clears another hurdle
The tower in the St. Anthony Falls Historic District would be the tallest building outside downtown. Neighbors are considering an appeal to the Minnesota Supreme Court.
St. Paul real estate veteran plays key role in development of Homesnap
John Mosey helped develop an agent-focused competitor to apps from Zillow and Trulia.
Real estate notebook: Aeon plans an affordable apartment complex in St. Anthony
An income-restricted rental project in St. Anthony is getting a second chance. Aeon, a Minneapolis-based nonprofit, wants to build 70 rental units that are affordable…
Developer plans condos wrapped around historic Prospect Park building
Developers of multiuse plan are being careful not to disrupt area's history.
Kraus-Anderson launches Elliot apartment project
The paint is barely dry at Kraus-Anderson’s HQ Apartments, a 17-story tower at 818 Portland Av. S. in the Elliot Park neighborhood in downtown Minneapolis,…
Twin Cities home sales plunge 12 percent as supply thins even more
People shopping for homes last month encountered 26 percent fewer listings than a year ago.
Developer Jon Hempel remade a block in Minneapolis and buildings throughout Twin Cities
When Jon Hempel got his real estate license, he went vertical right away. His first purchase was a St. Paul office building, and they just…
Minnesota Mortgage Association President Steve Furlong is pushing technology forward
With mortgage rates expected to rise and technology rapidly changing the industry, it promises to be a challenging year for the group.
Minnesota attorney general sues Texas company for deceptive warranty sales
Official-looking solicitations claim that auto warranties have run out when they haven't.
Oppidan begins work on Cub-anchored project in Minneapolis
It's the latest on a long list of developments shaped by the light-rail system.
Plans emerge for 402-unit apartment complex near MOA, light rail
The 402-unit complex will bring McGough closer to goal of "third downtown."
Twin Cities homebuilding gains are held back by shortage of construction workers
The number of new single-family homes is ebbing as short-staffed builders focus on apartments.
Two new towers bring apartment boom to Nicollet Mall's south side
After years of growth on Nicollet Mall's north end, developers are now planning 17- and 31-story towers in the quieter part of downtown.
Real estate notebook: Four big projects are about to start in downtown Minneapolis
Several downtown housing projects are inching closer to groundbreaking. On Monday night, the Downtown Minneapolis Neighborhood Association land use committee committed to issuing letters of…
Twin Cities apartment boom is ready to kick into high gear
It's likely to change the dynamics of residential real estate as an era of ultralow vacancies and steadily rising rents may come to an end.
Lack of affordable homes pulls down Twin Cities' February closings
The problem wasn't a lack of demand; it's not enough supply.
Bader Development sells a pair of St. Louis Park buildings
Twin Cities-based Bader Development sold a pair of side-by-side apartment buildings it developed in St. Louis Park to Chicago-based investment firm Mesirow Financial. CBRE Multifamily’s…
Architect Paul Whalen takes cues from Mill District for 39-story Minneapolis tower
Before Mike Ryan became the president of Twin Cities-based Ryan A+E architecture and engineering firm, he was an architect in the Park Avenue offices of…
Condo tower would rise high over the Mississippi
"Eleven" condo project on West River Parkway would be tallest and most expensive in a decade.
Project appeals reflect concerns about housing density in Minneapolis
Housing density has become a hot topic in Minneapolis. The Minneapolis City Council's zoning and planning committee recently heard density-related appeals for a pair of redevelopment projects in south Minneapolis. But both were denied and the projects are going to proceed.
Find the hottest Twin Cities housing markets of 2017
For the second year, the Star Tribune compared home sale data in the Twin Cities to determine which cities had the hottest markets in 2017. How did your city fare?
Hottest Twin Cities housing market still is Richfield
In-demand communities have affordable homes along commuter routes. Low-key Little Canada and Brooklyn Center posted the biggest gains in the index compiled by the Star Tribune.
New technology saves homeowners money by heating water overnight for use at peak times
Technology being installed in Lakeville saves homeowners money by heating water at off-peak times, storing for later use
Twin Cities homebuyers stuck on sidelines so far in 2018
Fewer listings and closings, low inventory highlights imbalance between buyers and sellers.
With 10 days to go, plenty of rentals still available for Super Bowl visitors
But housing options are still plenty, and would-be hosts stand eager to serve.
Final data show 2017 was a great year to sell a house in the Twin Cities
But buyers had a tough year with prices rising and listings shrinking
Duluth architect Coulson designs energy-efficient buildings without the loud and proud
Architect Carly Coulson's ultraefficient designs blend in energy savings through a concept called Invisible Sustainability.
Tax changes may take the shine off home equity loans
But some say change will lead fewer to pile up debt.
Two 22-story residential towers proposed near Lake Calhoun
Developer wants to build largest residential project in Minneapolis in years.
Twin Cities apartment deals accelerated at year's end
For apartment-building sales in the Twin Cities metro, 2017 was a banner year. We have already reported about the astounding 19 offers that were made…
Twin Cities home prices rising fast, but not like Rochester, Duluth
Rochester home prices were up nearly 10 percent in the year that ended November.
Sunday conversation with Jon Lundberg, incoming CEO at Ebenezer Foundation
For several years Jon Lundberg has been the chief operating officer at Ebenezer Foundation, the biggest senior-housing provider in Minnesota. He will soon succeed longtime…
Foreclosure rate in Minnesota lowest in a decade
The foreclosure rate in Minnesota is far below the national average, as Minnesotans are in the right homes for their wallets, an expert says.
Twin Cities new-home construction leaps in December
It's the latest datapoint to underscore a year of superlatives in local real estate. And the Twin Cities area is likely to see high demand and prices continue into 2018.
Two Stanton projects in North Loop sold for $19 million
A Seattle-based real estate company won a bidding war for one of the first residential conversion projects in the North Loop neighborhood of Minneapolis. Goodman…
Eden Prairie based ReMax Results buys ReMax Advisors in Burnsville
Acquisition of ReMax Advisors is sixth addition for Eden Prairie firm in '17.
Twin Cities home sales rose in November; median price hits record high
2017 is on pace to be the best in a decade for home sellers in the Twin Cities.
Race for affordable houses sends developers back out to the exurbs
High costs in the metro are pushing development out; a project in Dayton would double the number of homes there.
Twin Cities median apartment rent eclipses national rate, but Dakotas rise faster
The Twin Cities is in the top one-third of all major U.S. metros for growth in median rent.
Builders top off two Mpls. apartment projects; another will soon start construction
Three sizable apartment projects in Minneapolis recently marked milestones. Here’s a look: Builders this week set the highest beam on 365 Nicollet, a 30-story tower…
Tax bill has developers of affordable housing scrambling
Developers rush to finish projects amid worry that the GOP bill will stifle renovation and construction of apartments and houses for low- to moderate-income families.
Twin Cities builders saw late-season gains, driven by demand for entry-level homes
Builders saw late-season gains, driven by demand for entry-level homes.
Look-alike apartment buildings in NE. Mpls. showcase new ideas in energy efficiency
One building will be built to conventional construction specifications. The other will be extra energy-efficient and equipped with a sophisticated ventilation system.
CommonBond Communities and Habitat for Humanity receive $1 million loans
Unique loan program benefits CommonBond and Habitat for Humanity
200-unit apartment building on Star Tribune land planned near river
The developer revealed a design for the building to North Loop neighbors on Wednesday night.
Builders union, inspectors clash on Prime Place apartment building near U
It has been a rough couple of years for the developers of some Twin Cities apartment buildings that experienced construction-related delays and complaints. Last year,…
November: Minnesota's cabin getaway lifestyle could come under pressure from tax reform
Second homes would no longer be eligible for a deduction on mortgage interest under the House GOP tax plan.
Shortage of listings driving up Twin Cities home prices
The number of properties on the market was down almost 20 percent in October from a year earlier.
Anne Mavity, longtime advocate for affordable housing, finds a new challenge
As the new executive director at the Minnesota Housing Partnership, she faces a daunting task ahead.
Apartments keep increasing and so do rents in the Twin Cities
Only 2.5 percent of metro apartments were empty this fall.
Lennar-CalAtlantic deal unites top Twin Cities homebuilders
The deal may ultimately produce more options to entry-level new home buyers in the Twin Cities.
Elizabeth G. 'Betty' Johnson, advocate for arts and education, dies at 86
Elizabeth “Betty” Johnson kept copious notes, detailed lists and multiple calendars. She was a clipper, too. When she read something interesting or important, she’d cut…
Starter homes and townhomes continue to boost Twin Cities market
New townhouse projects and starter homes being built in the suburbs are driving the growth.
$126 million in state funds to create 1,823 affordable housing units
The investments are expected to support more than 3,400 jobs.
Proposed St. Anthony Falls apartment tower meets resistance
Conflicts over the height and density of developments within the St. Anthony Falls Historic District are piling up. The latest involves the mixed-use project from…
Todd Grill takes the helm at Counselor Realtor
Todd Grill has held plenty of leadership roles in the Twin Cities real estate market: agent, longtime broker and president of both the Minneapolis Association…
Catholic Eldercare foresees new NE. Mpls. rentals
The five-story building, for people 55 and older who live independently, would be called Alta Vita.
Shortage of listings continues to constrain Twin Cities housing market
The cool-down is driven by the shortage of affordable homes for first-time buyers.
Chip Halbach leaves Minnesota Housing Partnership, which he started 30 years ago
Chip Halbach, the founder and longtime executive director of the Minnesota Housing Partnership, has retired and will be succeeded by Anne Mavity, the director of…
For the moment, at least, some Twin Cities home sellers are being forced to cut prices
More sellers cutting their asking prices as the winter slowdown approaches.
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