Dan Netter

A hotel sandwiched between Capella Tower and the WCCO Radio building has been sold for $11.6 million, nearly $20 million less than what it sold for seven years ago, according to a certificate of real estate value.

Class B office spaces face an "existential crisis" as vacancies rise to 14M sq. ft. Brokers predict continued struggles and potential property repurposing.

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A retail center near the border of St. Cloud and Waite Park has been sold for $17.55 million, according to a certificate of real estate value released last week.

> Twin Cities metro falls behind on housing production, Fed report says

> Mortgage interest rates expected to hold, according to NAR economist

Equinox Apartments in St. Anthony sold for $35.1M, a 19.8% drop from its 2021 price. Artisan Capital Group now owns the 266-unit complex.

Twin Cities industrial rents are set to increase in 2025, driven by low vacancy rates, limited new developments, and growing market activity.

Housing advocates, lawmakers, and Gov. Walz rally at the Capitol to push for funding and policy changes addressing Minnesota's housing shortage.

Four months after the Minneapolis City Council voted on a legislative directive to the city staff on how supportive housing providers ask for funding to make critical repairs for their facilities, the Business, Housing and Zoning Committee received and filed its report at its meeting Tuesday.