Last week the St. Paul City Council voted to rezone vacant, industrial land outside of downtown for residential use. The approval to rezone the land boosts developer Reuter Walton’s proposal to build a seven-story apartment building across the river from downtown St. Paul. The apartment building will be built at 84 Water Street, near the […]
The Minnesota Supreme Court will hear the Bde Maka Ska/Lake Calhoun dispute in order to decide if the Minnesota Department of Natural Resources overstepped when it changed the name of the lake in early 2018 to the lake’s original Dakota name. The Minnesota Court of Appeals ruled in April that the Department of Natural Resources […]
Edina Business Plaza, located at 7550 France Avenue South, was sold to The Ackerberg Group earlier this summer in a $12.8 million deal. Newmark Knight Frank represented the sellers, Edina Business Plaza LLC and SH Commercial Real Estate Services, and brokered the deal with The Ackerberg Group. The largest tenant in the Edina Business Plaza […]
Kraus-Anderson, a family-owned and managed construction firm based in Minneapolis, is slated to begin construction on a 105-million-dollar luxury apartment building. The project will feature a 16-story building, named the Larking, just across the street from Kraus-Anderson’s new mixed-use headquarters in downtown Minneapolis. While the project originally called for a 6-story building, neighborhood organizers wanted […]
Joel Watrud, owner of Apple Valley Golf Course, has officially put the golf course on the market with the hope that it will be redeveloped into a residential area. Watrud’s attorney announced at a city planning commission meeting this week that the course is struggling, and owners of the course do not want to continue […]
A city owned parking lot in downtown Minneapolis, the lot where the Nicollet Hotel once stood, has finally sold to United Properties for $10.4 million. The project, now called the RBC Gateway Project, is set to break ground on June 18, 2019 and be completed in 2021—30 years after the demolition of the Nicollet Hotel. […]
Six hotel properties from Duluth to Grand Marais are changing hands in a large real estate deal that wasannounced this week. The hotels include: East Bay Suites in Grand Marais; the Caribou Highlands inLutsen; Beacon Pointe in Duluth; and three resorts in Two Harbors – Breezy Pointe Cabins, GrandSuperior Lodge, and Larsmont Cottages. The North […]
The Minnesota State College Faculty Union has finally settled with the Minnesota State College System for up to $1.9 million in back pay for faculty members who have not been paid adequately since 2010. The Minnesota State College Faculty Union filed a lawsuit in 2010, arguing that the Minnesota System’s campuses were underpaying members of the faculty […]
Minnesota lawmakers are considering a bill that would erase eviction records in certain circumstances. In particular, the bill would restrict access to eviction records for cases that do not result in an eviction judgment against the tenant and for eviction judgments that are more than three years old. The bill would also automatically expunge a […]
An update to the tax code in 2017 caught the eyes of those looking for tax benefits with just two simple words: “opportunity zone.” Designed to increase investment in economically underrepresented areas throughout the country, this new program is a development tool providing tax incentives to investors and developers. To take advantage of this opportunity, […]