Recent content from Jim Buchta
In the age of social media and online shopping, photos are the main way to attract home buyers.
A fallow building site on the edge of the University of Minnesota has a new owner. Richfield-based Cornerstone Group sold a 2.4-acre site at 2901…
The year's peak has been passed but sales activity continues to be stronger than 2015
Construction started this week on a 17-story apartment building by Kraus-Anderson in a slice of downtown long dominated by asphalt parking lots and low-income rentals.
The Minnesota Housing Partnership, a nonprofit focused on affordable housing, recently released a report showing that there was a 165 percent increase in sales of…
The proposal comes at a particularly sensitive time for the Marcy-Holmes neighborhood, which until recently has managed to avoid much of the high-density, high-rise development that's happening elsewhere in the city.
A 10-story building could have half of its above-ground space for cars.
A big shift in the balance of construction activity is gaining speed.
SR Development LLC, an entity related to Minneapolis-based Schafer Richardson, has agreed to pay $2.96 million for a 1.31-acre site in St. Paul for its…
The Twin Cities is the 16th-most undersupplied housing market in the nation, according to new report.
The 111-unit building will include a new path to the south Minneapolis corridor.
Fractional ownership is a concept that's akin to a timeshare, but often comes with deeded ownership.
Sellers continue to be in control, at least for entry-level homes, as a tight inventory helps keep prices high.
The 13-story retail, apartment tower near the Green Line will have a Fresh Thyme grocery.
Another gap along the Nicollet Mall is about to get filled. On Friday, Opus Development closed a deal to redevelop the block at 4th Street…
New construction continues across the metro, but the vacancy rate remains persistently low. The good news? Rent prices aren't rising as fast as in other metros.
Here’s an update on several developments in the Twin Cities real estate business in recent weeks: Sm+RT Homes opens first model home in bid to…
More people in the Twin Cities are opening their homes to overnight guests — but it's still a relatively shy place. Airbnb said that 600 people in Minneapolis hosted 33,400 guests in the past year, more than twice the previous year.
Apartments have led metro construction recovery, but permits for new houses in August topped them.
The project is the latest residential complex near Southdale Center.
By several measures, suburbs like Falcon Heights, Richfield and Edina are leading the region's residential real estate market.
John Smaby, a longtime sales manager for Twin Cities-based Edina Realty, was recently elected to the top post at the National Association of Realtors. In…
Fewer listings limited opportunities but boosted prices and speed of sales.
Minnesota homeowners appear to be in much better financial shape than the average homeowner around the rest of the country. The foreclosure rate in the…
The same two Minnesota-Illinois businesses are at the heart of each case and are declining to comment.
Builders are starting to point fingers in court, too.
A condo in the Mill District sold for more than $1,400 per square foot
A condo in the Mill District sold for more than $1,400 per square foot
The building sits square in the middle of where Alatus, a Twin Cities-based developer, wants to build a 40-story condo tower at 200 Central Av. SE. Though it was once the St. Anthony Commercial Club, the 1929 building is better known for housing a Washburn-McReavy funeral home.
Those from $350,000 and higher attract a smaller pool of buyers, stay on the market longer and gain value at a slower rate.
Units built, permits issued in the Twin Cities were up in July, showing gains "at a slow pace."
The developer of one of four Twin Cities apartment buildings suspected of being built with lumber that doesn't meet state building codes has fired its general contractor.
Union prevails in dispute over extensive use of framing wood suspected of being below code.
Twin Cities home prices reached an all-time high last month, precisely a decade after they last peaked. The median price of all closings was $242,000…
Nonprofit Homeownership Preservation Foundation created BluePrint to help users manage personal savings and debts
Plans are underway for the third phase of a massive redevelopment effort in Bloomington not far from the Mall of America and Minneapolis-St. Paul International…
In May, Thor Construction CEO Ravi Norman and two colleagues announced a plan to help fill a gaping hole in the Twin Cities housing market.…
Stately old downtown office buildings are getting new residential roles
Developer buys 13.3-acre industrial site for project with 600 to 700 apartments.
Residential construction permits rise, with nearly all for single-family houses.
Jason Stockwell, a real estate agent, said a well-crafted letter can be so powerful that some sellers take a lower offer. "Some sellers cry," Stockwell said.
Twin Cities-based HomeServices buys Colorado brokerage.
An entity related to Manhattan-based Abacus Capital paid $18.3 million in cash for the 188-unit Colonial Village complex on Silver Bell Road in Eagan.
Last month was the second-highest median price in the Twin Cities.
Home designed by master architect has been with original owners for nearly 60 years
Developers are about to tap the brakes on new construction after delivering a near-record number of new rentals this year.
Plan will go to Mpls. City Council after panel overturns heritage group.
Planned St. Anthony Park building would feature small, lower-rent spaces.
An unbalanced market in which house hunters outnumber listings is forcing buyers to bid aggressively, or lose out.
With a condo tower nearing completion and two in the final planning stages, what comes next downtown in a city where commercial construction topped $1 billion for four straight years?
It was the strongest May in the metro in years, and, in a shift, houses outnumbered apartments.
Shifting demographics and postrecession caution have kept the lakeshore market far more balanced between buyers and sellers.
Twin Cities start-up seeks to fill hundreds of vacant lots in north Minneapolis — remnants of the city's predatory lending and foreclosure crisis — with the factory-built homes.
Coon Rapids developer Jim Stanton received approval this week from the Minneapolis Planning Commission for his biggest downtown condo project yet: the Legacy, a 374-unit…
When Texas-based homebuilder David Weekley decided to expand to the Twin Cities, it tapped industry veteran Ian Peterson.
For the second time in a week, Twin Cities-based HomeServices of America Inc., a Berkshire Hathaway affiliate and parent company of Edina Realty, bought one…
At same time, metro inventory shrinks, putting pressure on both sides of the deal.
The latest drop followed disappointing economic data
Boosters are expanding their efforts to promote living in downtown Minneapolis. Explore Downtown Living is becoming a twice-a-year apartment tour, an urban version of the…
Twin Cities-based HomeServices of America Inc. is expanding in the Pacific Northwest with the purchase of one of its franchisees, one that already has…
From the beginning, Bill Morrissey was destined to work in the hospitality industry. He was born in Minneapolis and raised in Bloomington, where his first…
At a standing-room-only meeting, the Minneapolis Heritage Preservation Commission on Tuesday voted in favor of allowing a developer to demolish two buildings but denied a…
As first-time buyers in the Twin Cities slug it out over a paltry number of listings, homebuilders are scrambling to help satisfy that demand.
Homebuilders in the Twin Cities heartened by "steady growth" in 2016.
The supercomputing company is leaving downtown St. Paul.
One of the largest developers in the Twin Cities has floated a plan to develop apartments in a suburban office park. Opus Development Co. wants…
Apartment venture would be the Mpls. firm's first in capital.
Growing number won't sell without home lined up.
Barbara Halverson is retiring after 44 years with Steven Scott Management, Inc., most recently as chief executive and president of the St. Louis Park-based rental…
Major developments will bring hundreds of new apartments to a historic neighborhood just across the river from downtown Minneapolis. But some worry that they will alter the area's character and create the same hassles that are found downtown.
There was no shortage of home buyers in the Twin Cities last month, but sellers were scarce. Median prices also rose as sellers continue to have an advantage over buyers.
A Minneapolis apartment development — the first in the city for a high-profile national developer — got the thumbs up from the Minneapolis Planning Commission…
It's another sign of the state's strong housing market.
A proposal to build a 40-story condo tower across the river from downtown Minneapolis was scheduled to be reviewed by the Minneapolis Heritage Preservation Commission…
As apartment construction in the Twin Cities calms, house construction is gaining steam, the latest report from the Builders Association of the Twin Cities shows.…
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