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Buying & Selling Homes in the Twin Cities
 

TESTIMONIALS
Since this was our first time buying, we had many questions and concerns regarding home selection and the buying process as a whole. Matt was able to provide quick, accurate and detailed expectations and answers to all of our questions and concerns. We felt very comfortable dealing with Matt throughout the whole buying process. Thank you for making our first time home buying experience pleasurable!

Brian & Tressa Daily
Belle Plaine

 
 

TWIN CITIES REAL ESTATE NEWS

Courtesy of Google News
Even after 35 years, group of Twin Cities commercial real estate pros is still meeting, growing  Minneapolis / St. Paul Business Journal

Five or six guys met once a month, gave each other advice and, eventually, did deals with each other, bought property from one another and invested in ...


Homebuilders innovate to meet changing needs of Twin Cities buyers  Minneapolis / St. Paul Business Journal

Homebuilders are responding to changing consumer habits and a precarious housing market with smaller and more flexible options.


4 Twin Cities industrial buildings sell for $40 million  Minneapolis / St. Paul Business Journal

Altus Properties, a St. Louis, Mo.-based real estate investment firm, has sold four industrial buildings in the Twin Cities for a total of $40.4 million. The buildings ...


Back Story: Peter Fitzgerald keeps real estate his home field  Finance and Commerce

Twenty or so years ago, Cushman & Wakefield's Peter Fitzgerald expected to become a professional baseball player. When the Edina native wasn't attending ...


Twin Cities firm proposes affordable senior living apartments in Wauwatosa  Milwaukee Business Journal

MSP Real Estate Inc. of the Twin Cities proposes a $25 million independent senior living apartment project on the eastern edge of Wauwatosa with affordable ...


Longtime Stillwater Township board chair to retire Thursday  St. Paul Pioneer Press

It's been almost 40 years since David Johnson went to a Stillwater Township board meeting to complain about the state of the township's roads. He ended up ...


Here’s why your 2019 property tax bill is so high  St. Paul Pioneer Press

If you're a homeowner with sticker shock over your most recent tax bill, you are not alone. Homeowners are getting hit with a double-whammy on their proposed ...


In Uptown, WeWork shows off its next generation of coworking space (gallery)  Minneapolis / St. Paul Business Journal

It's only been a year since WeWork opened its first Twin Cities location, but the New York coworking company is already morphing.


Real estate powerhouse Ackerberg Group bets big in Uptown and St. Paul  Star Tribune

Stuart Ackerberg may have hit a few hiccups, but he was always certain the second phase of his MoZaic office development in the Uptown area of Minneapolis ...


Twin Cities' hot CRE market showing no signs of a slowdown  REjournals.com

Outsiders tend to lump the cities of Minneapolis and St. Paul into one large metro. But while it's true that these two cities, which make up the Twin Cities ...


Minneapolis Just Passed the Most Important Housing Reform in America  Slate

Minneapolis will become the first major U.S. city to end single-family home zoning, a policy that has done as much as any to entrench segregation, high housing ...


Business People: Sunday, Nov. 25  St. Paul Pioneer Press

Davis, Minneapolis, announced that Principal Mark A. Davis and Davis-developed CityPlace Medical in Woodbury have been named finalists in Healthcare Real ...


DRA pays $40.4M for industrial portfolio  Finance and Commerce

Having already done a fair bit of buying and selling in the Twin Cities this year, DRA Advisors has paid $40.4 million for a portfolio of four suburban warehouse ...


St. Cloud's Wells Fargo Center sold for $13.5 million - Minneapolis / St. Paul  Minneapolis / St. Paul Business Journal

Wells Fargo Center, an office building in downtown St. Cloud, has been bought by a North Dakota real estate group in a $13.5 million deal. Finance ...


Once-hot Twin Cities housing market is beginning to cool  Star Tribune

The Twin Cities housing market, after one of the most frenetic summers on record, is beginning to cool. Home sales are down from a year ago, more sellers are ...


German school’s quest to raze ‘landmark’ St. Paul church may fall to city council  St. Paul Pioneer Press

The elaborate bays, wings and bell tower of St. Andrew's Church once anchored Hungarian and German festivals, welcoming generations of immigrant workers ...


Home listings: What $184900 buys in the Twin Cities area  Minneapolis Star Tribune

Built in 1941, this three-bedroom, one-bathroom house has 720 square feet, and features a large upper-level bedroom, hardwood floors, full unfinished ...


Holtz inducted into Minnesota Real Estate Hall of Fame  SW News Media

Three new members were recently inducted into the Minnesota Real Estate Hall of Fame: Tom Holtz, a Chaska resident, and a driving force behind industry ...


Twin Cities housing market still smiling on sellers  Star Tribune

The summer of 2018 is stacking up to be the most competitive on record for Twin Cities home buyers. In June, for the second month in a row, the average home ...


Big developer AECOM looks to stretch its reach in the Twin Cities construction market  Star Tribune

Seeking new markets, Los Angeles-based AECOM goes after Twin Cities residential projects.


Alatus begins marketing its Alia condo tower near downtown Minneapolis - Minneapolis / St. Paul  Minneapolis / St. Paul Business Journal

For-real construction hasn't yet started on Alatus' 40-story condominium tower across the Mississippi from downtown Minneapolis, but the developer this week ...


Experts say Twin Cities housing market could shift to favor buyers, but not soon  Star Tribune

Relief is on its way for home buyers in the Twin Cities and beyond who are frustrated by a lack of house listings and lightning-fast sales, according to a survey of ...


Home listings: What $385000 buys in the Twin Cities area  Minneapolis Star Tribune

What you get for the money in Belle Plaine, St. Paul and Inver Grove Heights.


3M, Thomson Reuters, others win 2018 Tekne Awards  St. Paul Pioneer Press

The Minnesota High Tech Association named 16 winners during its annual Tekne Awards: Advanced Manufacturing: PaR Systems; ...


Why video doorbells are winning over residents — and police  St. Paul Pioneer Press

On her birthday, Nancy Traylor of Richmond, Va., received an unwelcome surprise. The real estate agent and her husband were celebrating near the ...


Twin Cities housing market continues possible shift toward buyers  Star Tribune

The Twin Cities housing market continues to show signs of a shift to a buyers' market. The Minneapolis Area Association of Realtors (MAAR) on Wednesday ...


Twin Cities investment in people is the right move  Star Tribune

The way the Amazon.com HQ2 fiasco turned out raised one question that leaders of lots of cities and states have to be thinking about, including in the clear loser ...


Twin Cities Realtors Say Housing Market May Be Cooling  WCCO | CBS Minnesota

MINNEAPOLIS (WCCO) — Twin Cities realtors say the latest monthly indicators point to a market cool down. The median price for a home in July was $268,000.


Real World Economics: Let’s end the fallacy of trade ‘deficits’  St. Paul Pioneer Press

As usual, we had much for which to be grateful on Thanksgiving, but the political leadership of the country does not fall into this rubric. We have an executive ...


Opendoor looks to become big player in Twin Cities housing market  Star Tribune

With house prices teetering at record highs and buyers outbidding one another in some areas, it seems the last thing the housing market in the Twin Cities ...


Twin Cities artist reflects on painting late President George H. W. Bush  KMSP-TV

Over the years, Twin Cities native and renowned fresco artist Mark Balma has painted everyone from Cecil the Lion to Jesus, but one of his most memorable ...


Twin Cities still a sellers' market, but a shift could be emerging  Star Tribune

Supply remains tight, but there's been an uptick in the number of homes hitting the market, and prices are starting to moderate.


Buying? Selling? Flipping? Twin Cities houses selling at breakneck pace  MPR News

The Twin Cities housing market is booming this year. Real estate experts say they haven't seen properties sell this fast in the 16-county metro area since the ...


Richfield apartment complex that became flashpoint of housing debate sold to L.A. firm  Minneapolis / St. Paul Business Journal

A Los Angeles real estate investment firm has bought the Concierge Apartments, the Richfield complex that was the scene of a controversial renovation that ...


Twin Cities industrial real estate sector is on the rise  Star Tribune

Growth of e-commerce, manufacturing is turning the ugly duckling of commercial real estate into its strongest, most profitable sector.


How $300K Homes Differ Based On Where You Buy  WCCO | CBS Minnesota

MINNEAPOLIS (WCCO) — The Twin Cities housing market is so hot this summer, the listing for your dream home could evaporate in days. Last month, the ...


Single-family home construction dips in September, but town homes keep trending  Minneapolis / St. Paul Business Journal

Construction permits for single-family homes plunged in September, while permits for town homes continued to increase, according to the Builders Association ...


Twin Cities sees sharp increase in homes for sale  Minneapolis / St. Paul Business Journal

More home sellers have decided to put their properties on the market, according to a monthly housing report released Monday by the Minneapolis Area ...


Bye-bye starter homes: Builders not meeting biggest need in Twin Cities housing market  MPR News

For years, the costs of building a house have risen faster than people's incomes. That's true in Minnesota and across the country. Today, the gap between ...


Twin Cities remains a strong draw for apartment developers  Star Tribune

Developers are on track to build a near-record number of rental apartments in the Twin Cities. Through September, 3,920 new units have hit the market, ...


Behind Cohen plea: Trump’s longtime dream of a Moscow tower  St. Paul Pioneer Press

By STEPHEN BRAUN and BERNARD CONDON. WASHINGTON (AP) — Donald Trump for decades dreamed of building a Trump Tower in the heart of Moscow, ...


Twin Cities home sales plunge 12 percent as supply thins even more  Star Tribune

The pickings have never been slimmer for home buyers this spring in parts of the Twin Cities, and that's putting a lid on home sales. Buyers across the metro ...


Opinion: Did Trump obstruct justice in public on Monday?  St. Paul Pioneer Press

For well over a year now, evidence has steadily accumulated that President Trump may have obstructed justice in connection with the investigation into his 2016 ...


Shortage of listings stifles sales, tightens Twin Cities market  Star Tribune

The average number of listings fell below 10000 in April for the first time in decades, leaving buyers with about half as many options as there were six years ago ...


Twin Cities home prices hit record as buying cooled  Minneapolis / St. Paul Business Journal

Home sellers continued to benefit, but buyers held back in June as the inventory of homes for sale fell short of demand in the Twin Cities. The Minneapolis Area ...


Why lenders like Twin Cities industrial real estate  Finance and Commerce

Editor's note: Finance & Commerce is running an occasional series about the financing climate for various kinds of commercial real estate. Links to previous ...


Millennials Help Sustain Twin Cities Housing Market Boom  WCCO | CBS Minnesota

MINNEAPOLIS (WCCO) — Metro area home prices have climbed to a record high — and people are still willing to pay. The Twin Cities' housing market is in ...


Here's where the most homes are being built in the Twin Cities  Minneapolis / St. Paul Business Journal

Lakeville has seen the most single-family home construction in the Twin Cities thus far this year.


Why aren't there more homes to sell in the Twin Cities? They never got built, study says  Minneapolis / St. Paul Business Journal

Minneapolis/St. Paul is missing tens of thousands of homes that would have typically been built over the past decade or so — but weren't, contributing to a ...


Housing construction in the Twin Cities up slightly during August  Star Tribune

Housing construction in the Twin Cities increased slightly last month, with most of the gain coming from a hefty increase in apartment construction. During August ...


No houses available to buy in Twin Cities? Blame rentals  Star Tribune

Chris and Tinen Iles could have easily sold their tidy bungalow in south Minneapolis and used the profit to help pay for a more expensive house they bought ...


Opendoor already buying a home a day in Twin Cities, new GM says  Minneapolis / St. Paul Business Journal

About a month after launching in the Twin Cities, real estate technology startup Opendoor is buying, on average, one to one-and-a-half homes per day across ...


2018's most expensive Twin Cities home sales, so far (slideshows)  Minneapolis / St. Paul Business Journal

In the first quarter of 2018, Twin Cities real estate agents sold more than $108 million worth of homes. That's an increase over the first quarter of 2017, when the ...


Report says Twin Cities commercial real estate outpaced expectations in first half  Star Tribune

Office, industrial and retail space continues to be filled in the Twin Cities even as companies consolidate their space and some retailers close stores. According ...


Study: Minnesota commercial real estate industry leaders getting more pessimistic  Minneapolis / St. Paul Business Journal

Commercial real estate professionals in the Twin Cities are getting a little more gloomy, even if they're not worried about a major downturn.


The numbers don't lie: Twin Cities needs more housing  Star Tribune

Twin Cities metro residential construction activity in 2017 was at its highest level since before the recession, finally getting the region back to its 45-year average ...


Twin Cities home sales continue slide  Finance and Commerce

Closings of Twin Cities home sales fell for the fifth month in a row in April, down 5.2 percent from a year earlier, according to data from the Minneapolis Area ...


What's on the Horizon for Commercial Real Estate?  Twin Cities Business Magazine

Overall, 2018 is shaping up to be a solid year for commercial real estate development in Minnesota. Despite rising land and construction costs and higher ...


Twin Cities multifamily permits soar in September  Finance and Commerce

Cooler weather brought mixed results for residential construction activity in the Twin Cities as permits skyrocketed in September for new multifamily units but ...


Brickstone Partners Inc. and KMK Capital LLC Break Ground on LakeHaus Building  Business Wire

Brickstone Partners Inc. and KMK Capital LLC, today announced the groundbreaking of LakeHaus, a 200-unit, 300000-square foot building that will be am.


What Opendoor brings to Twin Cities: New tech, deep pockets  Minneapolis / St. Paul Business Journal

An "instant" homebuying *service* plans to give the Twin Cities housing market an infusion of technology — and plenty of cash, too. Open Door Labs Inc., a San ...


Median home sale price hits $268000 in the Twin Cities  Star Tribune

The imbalance between home buyers and sellers in the Twin Cities last month was a little less out of whack than it's been in years, but sellers still rule when it ...


Millennials are jumping in the housing market. Here’s a few things they should know.  St. Paul Pioneer Press

Texas transplants Ashlea and Nick Garrison attended a Twin Cities homebuying class on a Saturday in early May. The couple met with a personal counselor the ...


Closed home sales keep dropping in Twin Cities  Finance and Commerce

There were more Twin Cities homes for sale in February than in January, but closed sales and new listings still fell well below 2017 levels, according to the latest ...


Town homes in trend across Twin Cities - Minneapolis / St. Paul  Minneapolis / St. Paul Business Journal

The number of permits issued for town homes across the metro surged over the last two months, pointing to trending interest in single-family homes, according to ...


Why it's extremely difficult to buy a first home in Minnesota right now  MinnPost

It's an agonizing problem for a lot of young people. You want to buy a house of your own. You can't find a lot in your price range. You keep throwing rent money ...


High prices for existing homes help construction take off in metro  Star Tribune

As low inventory and bidding wars drive up prices of existing homes in the Twin Cities, May's permits for new-home construction hit their highest level in years.


What’s Driving Twin Cities’ Office Market?  Commercial Property Executive

Marcus & Millichap Senior Associate Claire Roberts discusses the evolution and current state of the metro's office market, and she also shares her predictions.


New report sheds light on Twin Cities housing market  KARE11.com

The rising home prices have helped increase demand for homes, but stifled the opportunity to purchase a home.


Final data show 2017 was a great year to sell a house in the Twin Cities  Star Tribune

For Twin Cities home sellers, 2017 was the best year in memory. For buyers, it was one of the worst. With listings falling to a 15-year low and closings rising to a ...


Action needed now to address Minnesota's housing shortage  Minneapolis Star Tribune

The availability of affordable homes has been a key competitive edge in attracting families and businesses to Minnesota.


Report: It's now better to rent than own in Minneapolis (but just barely)  Minneapolis / St. Paul Business Journal

As far as wealth creation is concerned, it's now better to rent a home than own one in more big cities, including Minneapolis/St. Paul. That is the conclusion of the ...


City of Dayton calls a year-long halt to new housing  Minneapolis / St. Paul Business Journal

The city of Dayton on Wednesday approved an ordinance to halt new subdivisions of land for a year.


Three inducted into Minnesota Real Estate Hall of Fame  Finance and Commerce

Russ Nelson, Tom Holtz and Jim Nelson are the newest additions to the Minnesota Real Estate Hall of Fame.


U.S. existing home sales down for 4th straight month  Finance and Commerce

WASHINGTON — U.S. sales of existing homes slipped for the fourth consecutive month, declining 0.7 percent in July to the slowest pace in more than two years ...


Plymouth-based Dominium is Minneapolis/St. Paul's biggest groomer of real estate developers - Minneapolis / St. Paul  Minneapolis / St. Paul Business Journal

There are at least 27 former Dominium developers who have started their own firms, helmed major projects for other companies or remade properties locally and ...


Hottest Twin Cities housing market still is Richfield  Star Tribune

In-demand communities have affordable homes along commuter routes. Low-key Little Canada and Brooklyn Center posted the biggest gains in the index ...


Find the hottest Twin Cities housing markets of 2017  Star Tribune

For the second year, the Star Tribune compared home sale data in the Twin Cities to determine which cities had the hottest markets in 2017. How did your city ...


Why Minneapolis is the 4th worst city for millennial homebuyers  City Pages

After a grueling journey that would break their realtor's record for showings, Jake Woodbridge and Allie Penson finally found a home.…


The Latest Housing Hotspot: Downtown and by the River  The Wall Street Journal

Developers are building high-end homes in revitalized urban neighborhoods with waterfront views for residents drawn to quality of life and prime locations.


Best Tiny Homes On The Market In The Twin Cities  Southwest Minneapolis, MN Patch

MINNEAPOLIS-SAINT PAUL, MN — Are you looking to downsize but aren't interested in a downtown condo? Patch has compiled some of the best tiny homes ...


2018 NAIOP Awards  Twin Cities Business Magazine

NAIOP, the Commercial Real Estate Development Association, recognizes this year's top projects in the Twin Cities metro area.


'Fixing' the Housing Crisis in Minneapolis Will Be A Lot Harder Than People Think  Twin Cities Business Magazine

City planners, housing experts and elected officials all pretty much agree that Minneapolis needs to build a lot more affordable places to live. What's less clear is ...


The Best Time To Sell A Home In The Twin Cities: Report  Southwest Minneapolis, MN Patch

When To Sell Your Home In The Twin Cities - Southwest Minneapolis, MN - Looking to move? Here's the best time to sell in the Minneapolis-Saint Paul metro.


Resilient Twin Cities apartment market faces big test ahead  Star Tribune

The record number of new apartments coming online in the Twin Cities has yet to produce a glut of vacant units. But with an even bigger batch of rentals headed ...


Median Home Prices In Twin Cities Area Towns And Suburbs  Patch.com

Median Home Prices In Twin Cities Towns, Suburbs - Across Minnesota, MN - Check out the prices of homes in Stillwater, Woodbury, Maple Grove, Eagan, ...


Twin Cities homebuilders having best summer in a decade  Star Tribune

Homebuilders in the Twin Cities metro are having their best summer in more than a decade — permits to build single-family houses outpaced last year for the ...


Slim pickings, high prices in Twin Cities housing market  KMSP-TV

It's slim pickings for those looking to buy a house in the Twin Cities right now, a key factor in 12 percent dip in sales over the past year.


Report: Shortage jacking up Minneapolis house prices. Realtors: 'Duh'  City Pages

There's been a development in Minneapolis' reckoning with its affordable housing problem -- that problem being, specifically, that there isn't any.…


Minneapolis still battling against vacant properties -- even in housing shortage  Star Tribune

Nearly 340 residential buildings sit empty and boarded across Minneapolis, despite a severe housing shortage and a steep vacant property fee that has raised ...


Expanding the Horizon for Homeownership in the Twin Cities  Next City

A decade ago, Hunde Takele arrived from Ethiopia to the Twin Cities as a “lucky winner” of the U.S. green card lottery. “It was really hard to win,” he says, not just ...


Despite soaring apartment rents, builders still haven't ramped up single-family home production - Minneapolis / St. Paul  Minneapolis / St. Paul Business Journal

Shifting real estate trends are leading to the Twin Cities becoming a market where builders are going up more than they're going out. Developers will complete ...


Housing task force calls for greater access to affordable homes - Minneapolis / St. Paul  Minneapolis / St. Paul Business Journal

The Governor's Task Force on Housing issued a final report Tuesday outlining ways to address falling home growth and affordability across the state of ...


Meet the man behind the face on all those Kris Lindahl billboards  Star Tribune

If you don't know Kris Lindahl, you probably haven't driven a Twin Cities highway. His face is plastered on billboards throughout the metro and on just about ...


BTN11: New report sheds light on Twin Cities housing market  KARE11.com

Herb Tousley, director of the real estate program at the University of St. Thomas, says rising home prices are padding pockets for some Twin Cities homeowners.


Real estate notebook: Aeon gets $550000 grant to build more affordable homes in Twin Cities  Star Tribune

Aeon, one of the most prolific affordable-housing providers in the Twin Cities, is getting a big infusion of cash. The group is receiving $550,000 in flexible grants ...


Twin Cities apartment boom is ready to kick into high gear  Star Tribune

Developers built nearly 24,000 apartments in the Twin Cities since 2010 in what's been seen as a booming market. But the action this year and next will blow all ...


More housing/retail on Marshall Avenue? For some blocks, not for others, city says  St. Paul Pioneer Press

Marshall Avenue is a cozy residential street lined by historic single-family homes. Or maybe it's a happening St. Paul thoroughfare nestled up against colleges ...


Twin Cities ramblers enjoy robust revival  Star Tribune

Largely built in the decades following World War II, their age now makes them potentially eligible for the National Register of Historic Places.


Real estate notebook: Minneapolis on track to build record 5500 apartment units in 2018  Star Tribune

Last week we reported that the number of permits issued to build apartments during July were dismal — total units permitted during the month plummeted nearly ...