A proposal has been submitted by Developer United Properties to build a 186-unit senior apartment complex and hotel near the Carlson Towers in Minnetonka.This proposal is for a six-story apartment development for residents who are 55 and older. The lot chosen is currently a grassy area west of the Carlson Towers on Carlson Parkway near […]
The St. Paul housing market had a surprising event occurring in October of this year. Rents, which had been climbing faster than inflation, finally dipped. Despite this improvement, in the third quarter of 2019, none of the 643 housing units being constructing in St. Paul were considered affordable. A Minneapolis-based affordable housing data and listing […]
Real Estate Law, Regulatory Compliance 0
What are All Appropriate Inquiries?On November 1, 2006, the US Environmental Protection Agency (EPA) adopted an “all appropriate inquiries” (AAI) rule. AAI is the process of evaluating a property’s environmental conditions and assessing potential liability for contamination. This AAI rule codifies new requirements for conducting environmental due diligence inquiries in all transactions that involve commercial […]
For many Minnesotans, owning a family cabin is a lifelong dream. However, the financial and maintenance obligations of cabin ownership can present a significant hurdle to achieving that dream. It makes sense, then, that joint cabin ownership amongst families or close friends is an idea considered by many. And while sharing responsibilities can make cabin […]
It is not uncommon for disputes, both minor and major, to arise during and after new home construction or improvement projects. While sometimes a homeowner and contractor can privately resolve such issues, there are times when the dispute rises beyond private resolution. When private resolution is not an option, it is helpful to understand the […]
Buying and selling real estate is often the largest transaction for most consumers. Attorneys can help counsel clients on how to respond to allegations of non-disclosure after closing, or for buyer or seller protection before closing. In Minnesota, the best way to protect yourself as the buyer is to conduct as much due diligence about […]
Ryan Construction and the City of St. Paul agreed on a $1.4 billion redevelopment of the Ford Motor Site in Highland Park this week. The redevelopment will cover the whole 122 acre site and is expected to bring 3,800 housing units; 265,000 square feet of office space; and 150,000 square feet of retail space. The […]
San Francisco-based Prologis Inc. has announced that it struck a deal to acquire Liberty Property Trust, a company that owns millions of square feet of industrial space in the Twin Cities area, for $12.6 billion.As part of the deal, Prologis will sell off $3.5 billion of assets. The purchase includes $2.8 billion in non-strategic logistics […]
In 2017, Rob Clapp co-founded Can Can Wonderland, a subterranean 19,000 square-foot space that houses a mini-golf course, collaborates with local artists, and includes bars and a vintage arcade. Clapp now plans on developing every non-occupied building in the former Hamm’s Brewery complex into an entertainment complex designed by local artists. Numerous buildings in the […]
The city of St. Paul put out an ad to private developers earlier this month for the “RiverCentre Ramp Opportunity Site” this week. The site falls within a federal Opportunity Zone, offering tax benefits for private developers who take on the job. The city’s Housing and Redevelopment Authority is offering “air rights” above the RiverCentre […]