Recent content from Jim Buchta
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.
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.
Neighborhoods once dogged by foreclosures are seeing properties sell quickly and above listing price.
The 21-unit luxury building near Lake Minnetonka bolsters the number of for-sale condos.
Developers shift attention to suburbs after flooding areas around the University of Minnesota and Uptown with new units.
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…
2016 was the best year in a decade for new houses in Twin Cities.
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.
December also looks strong, with agents busy with closings to the end of the year.
Developer unveils three options, with an aim to be "cognizant" of neighbors, scenery and urban design.
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…
As the Twin Cities market struggles, Freddie Mac is helping CommonBond.
Several of late star's properties now for sale are drawing fast interest.
Permits for overall construction rose 15 percent, and those for single-family homes jumped 20 percent.
Neighborhood advocates say the North Loop needs convenience retail and other services.
Beacon Interfaith Housing Collaborative recently received funding to build a $14.1 million rental apartment building to be home to 72.
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…
Lack of houses at less than $250K pinch first-time buyers and downsizers.
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…
Agents say dwindling inventory and rising rates are continuing concerns.
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
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…
LeCesse Development Corporation told the Minnetonka City Council on Thursday night that it wants to build a 322-unit apartment complex that would replace a pair…
He helped build U.S. Bank Stadium and will succeed the company founder.
Construction firms are enjoying a busy year for apartments and single-family homes.
Alan Anderson lived in a world of elegance and sparkles but always tried to stay grounded and dwell in simplicity. Anderson ran three Anderson’s…
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.
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