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

Owner of Edina Realty solidifies dominance in Omaha with acquisition

HomeServices grabs residential independent Ambassador.
Home sales fell again in May in the Twin Cities, but an uptick in listings may give a jolt to sales this summer.

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.
Solhem Cos. and TE Miller plan an apartment building along Central Avenue SE.

Developers accelerate plans on apartment projects around Minneapolis

Municipal planners will review hundreds of units across the city this week.
Carpenter Caleb Morrison worked to frame out Dustin Delmonico’s future house currently under construction in the Settler’s Ridge development of In

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.
Grand View workers Collin Heidmann, left, Grant Madison and Renee Schroeder cleaned lounges for holiday guests.

Minn. resorts spend millions to stay ahead of the vacation curve

Lodging and activities are changing with visitors' expectations
A rendering shows the proposed Redwell apartments.

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…
Jason Boyd prepared to photograph a Minneapolis home for listing by Becky Quinby.

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

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.
Mat Gates, HouseRater Energy Ratings Service CEO & founder, has developed an app and website that could change his industry.

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.
Mark Haase

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.
Rendering shows senior apartment complex that Oppidian Investment plans to build near the U of M in Minneapolis.

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 sprawling villa comes with a 5.74-acre property in the Turks and Caicos Islands, which are located east of Cuba in the Atlantic Ocean.

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.
A rendering shows the 40-story condo tower Alatus plans to build at 200 Central Ave. SE, just across the river from downtown Minneapolis.

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.
To launch Homesnap, John Mosey had to bring together multiple listing services in various cities and brokerages together. It was like “walking a tig

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…
The Art and Architecture building along the University Avenue in Minneapolis.

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,…
Marni Zimlin, who moved into her first house this weekend after getting outbid on two previous houses, sat for a portrait at her new house in the McKi

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.
mug

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…
Steve Furlong, president of the Minnesota Mortgage Association and Mortgages Unlimited mortgage specialist, pushing technology forward.

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.
In this March 12, 2018 photo, Minnesota Attorney General Lori Swanson speaks during an interview at the State Capitol in St. Paul, Minn. Swanson said

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

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.
The six-story, 402-unit apartment building is part of Bloomington Central Station, a 50-acre development along the Blue Line light rail near the Mall

Plans emerge for 402-unit apartment complex near MOA, light rail

The 402-unit complex will bring McGough closer to goal of "third downtown."
Minneapolis was once again the busiest city for builders in Minnesota.

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.
Minneapolis-based Alatus is planning a 31-story tower with about 350 rentals called the 12th St. Tower at 228 S. 12th St.

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

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…
The newest Twin Cities high-rise is the 431-unit Hub, near the University of Minnesota.

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.
Multiple buyers bid on this Richfield home sold by agent Terry Ahlstrom. The strong market means sellers are getting close to list price and multiple

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

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…
Paul Whalen’s family homesteaded in northern Minnesota in the 1870s and his father started at the U, so the city is “in my blood,” says Whalen.

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…
This image shows a drone’s-eye view of the site, in foreground. The plan calls for a narrow tower atop a podium that will house parking and space th

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

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?
Paul Teeter and Anna Case looked at the tile work in their new 2,100-square-foot, three-bedroom home in Richfield.

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.
Dave Reinke of Dakota Electric Association and Jeff Haase of Great River Energy flanked a Steffe’s grid-enabled water heater that greatly cuts elect

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
Realtor Kath Hammerseng showed Latisha Lowe a home in Crystal listed in the $170,000’s. It would be Lowe’s first home purchase.

Twin Cities homebuyers stuck on sidelines so far in 2018

Fewer listings and closings, low inventory highlights imbalance between buyers and sellers.
AirBnb spokesman Benjamin Breit met prospective hosts at a Jan. 18 event in St. Paul. A year ago, Airbnb had only 1,000 listings in the Twin Cities. T

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.
Realtor Jeremy Peterson, right, and his clients Mike and Kimberly Lassonde were photographed outside the Lassondes' new home Tuesday, Jan. 9, 2018 in

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
“On these wonderful subzero days, I get especially excited about our ‘North’ climate because we are producing buildings that require no mechanic

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.
For-sale sign

Tax changes may take the shine off home equity loans

But some say change will lead fewer to pile up debt.
View looking northeast shows the new towers to the left of the existing one, with Excelsior Blvd. and Lake Calhoun on the right and downtown Minneapol

Two 22-story residential towers proposed near Lake Calhoun

Developer wants to build largest residential project in Minneapolis in years.
Granite Woods Apartments in Plymouth

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…
An almost-finished new home that was up for sale in northeast Minneapolis. While home prices are rising in the Twin Cities, the Rochester housing mark

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.
Ebenezer Foundation COO Jon Lundberg has spent nearly 40 years in the senior-living field, with the last few in his current position with Ebenezer. In

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.
New house and apartment construction soared in December, ending a year to remember in Twin Cities residential real estate.

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.
Riverwalk Flats in the North Loop of Minneapolis

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…
Jason Stockwell and Diane Eldredge, sales agents with Remax Result, hosted an open house at this new 4 bedroom, 3 bath 3,300 square foot rambler in Ro

Eden Prairie based ReMax Results buys ReMax Advisors in Burnsville

Acquisition of ReMax Advisors is sixth addition for Eden Prairie firm in '17.
The pace of sales for upper bracket homes is picking up in the Twin Cities.

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.
Rolling farmland and woods would be replaced by a 560-acre development with 1,700 houses under a proposal for the city of Dayton, which has a populati

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.
The Twin Cities, one of the tightest apartment markets in the nation, has been a hotbed for apartment investors who are renovating worn apartment buil

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…
The view from a third-floor balcony facing a city park at Oxford Village, a new 51-unit affordable housing complex along Blake Road N. in Hopkins.

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.
New homes going up in Plymouth in April. Housing construction in the Twin Cities has been bolstered by shifting demographics, solid buying conditions

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.
Twin Cities developer, George Sherman, plans to build the next phase of his West Side Flats apartment building in St. Paul to the Passive House standa

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.
Habitat for Humanity, which was putting the finishing touches on this house in north Minneapolis earlier this month, will get a $1 million loan to dou

CommonBond Communities and Habitat for Humanity receive $1 million loans

Unique loan program benefits CommonBond and Habitat for Humanity
A view facing northwest of the 200-unit luxury apartment building Opus Development proposes building along West River Road between the Star Tribune pr

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.
A 2016 rendering of the Prime Place apartments near the University of Minnesota.

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,…
Speaker of the House Paul Ryan, R-Wis., and other House leaders unveiled the GOP's far-reaching tax overhaul, the first major revamp of the tax system

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.
Realtor Michelle Fitzpatrick stood in front of an under-construction home in the Summerlin neighborhood of Woodbury. Home sales in the Twin Cities met

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 is now helping to build capacities of communities across Minnesota.

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.
So far this year, Twin Cities apartments are filling faster than they’re being built.

Apartments keep increasing and so do rents in the Twin Cities

Only 2.5 percent of metro apartments were empty this fall.
Construction workers build a home in the new Lennar Homes development called in Plymouth in 2015. The two top homebuilders in the Twin Cities will bec

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. Johnson

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…
The PulteGroup's recent townhouse development in Apple Valley.

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…
Grill

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…
Image courtesy Miller Hanson Partners

Catholic Eldercare foresees new NE. Mpls. rentals

The five-story building, for people 55 and older who live independently, would be called Alta Vita.
During June there were a record number of home sales in the Twin Cities metro area.

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.
Halbach

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…
Twenty percent of all house listings in the Twin Cities metro had a price reduction as of August, twice as many as in the spring. The bulk of the mark

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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