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
New technology saves homeowners money by heating water overnight for use at peak times

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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.
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