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
CommonBond Communities and Habitat for Humanity receive $1 million loans

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

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

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,…
Minnesota's cabin getaway lifestyle could come under pressure from tax reform

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

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

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

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

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 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

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

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 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

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

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 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

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.
In St. Anthony Falls District, former funeral home comes down for condo tower

In St. Anthony Falls District, former funeral home comes down for condo tower

A neighborhood group challenged the city's approval for developer Alatus to proceed with the tower, in the planning stage for two years.
Alatus envisions slim, high-rise residential tower across from Convention Center

Alatus envisions slim, high-rise residential tower across from Convention Center

The building would be at least 20 stories on a site that includes the longtime home of the Church of Christ, Scientist.
Upscale apartment-Whole Foods complex in St. Paul sells for $87M to NY firm

Upscale apartment-Whole Foods complex in St. Paul sells for $87M to NY firm

A New York investor paid $87 million for 210 upscale apartments atop a Whole Foods store in St. Paul. CBRE Multifamily represented Ryan Cos. and…
Homebuilding continued at feverish pace in Twin Cities this month

Homebuilding continued at feverish pace in Twin Cities this month

The year continues to be a record-setter, though a trade group executive said even more work could be happening.
Edina condo tower developers set aside one-fifth of units for lower pricing

Edina condo tower developers set aside one-fifth of units for lower pricing

The builders of the Estelle luxury towers say they'll comply with Edina's affordable housing policy.
Renovations take off in Twin Cities, amid tight housing supply, cheap capital

Renovations take off in Twin Cities, amid tight housing supply, cheap capital

Many Twin Cities homeowners are seeing an upside in fixing up.

Ralph Burnet, Jack Rice, Howard Shenehon join Minnesota Real Estate Hall of Fame

The Minnesota Real Estate Hall of Fame, established seven years ago at the University of St. Thomas’ Opus College of Business, has three new members…
Twin Cities home sales fall for 2nd straight month

Twin Cities home sales fall for 2nd straight month

Sales fall for second month, but prices rise to a new high.

HomeServices, parent of Edina Realty, acquires large East Coast firm

The deal for Long & Foster Cos. makes Minneapolis-based HomeServices of America the largest realty services provider in the country.
Twin Cities builders have cautious optimism for 2018

Twin Cities builders have cautious optimism for 2018

Among the worries found in a new survey: land and materials prices.
St. Paul company is one of first in country to install Tesla's Powerwall

St. Paul company is one of first in country to install Tesla's Powerwall

Ross Starfeldt, recently became one of the first Minnesotans to embrace billionaire Elon Musk's vision of the future.
To design dense housing, take a cue from the Dutch

To design dense housing, take a cue from the Dutch

A symposium hosted by the U's School of Architecture in early October tackles the differences here and there.
Catholic Eldercare to build apartments for seniors in northeast Minneapolis

Catholic Eldercare to build apartments for seniors in northeast Minneapolis

The five-story building, for people 55 and older who live independently, would be called Alta Vita.
Twin Cities apartment market stays hot, driving up rents

Twin Cities apartment market stays hot, driving up rents

Persistent demand and an increase in new upscale apartments mean average rents are on the rise.
East Side Apartments to bring more affordable housing to Dayton's Bluff

East Side Apartments to bring more affordable housing to Dayton's Bluff

Construction is wrapping up on the East Side Apartments, a three-story, 114-unit rental building at 1256 Wilson Av.
Sons of Norway sells headquarters to Ryan, Weidner for multi-use project

Sons of Norway sells headquarters to Ryan, Weidner for multi-use project

The organization of descendants of immigrants will return to the rebuilt block on Lake Street in Uptown.
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.
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