Local homebuilders stayed busy in September, although the rate of growth in permits slipped a bit compared with last month’s activity.
In September, residential permits were up 18 percent from a year ago and planned housing units more than doubled. Read more
15306-15500 Highway 7, Minnetonka
After months of delays and design changes, Minneapolis developer Mark Davis has closed on land deals totaling $4.6 million, clearing the way for construction to start next week on the 63,000-square-foot Minnetonka Medical Building. Read more
WASHINGTON — U.S. home prices rose 12.4 percent in July compared with a year ago, the most since February 2006. An increase in sales on a limited supply of available homes drove the gains. Read more
Recent developments suggest that the area around Snelling and Selby avenues in St. Paul could get a high-end grocery store and 206-unit apartment complex sooner rather than later. Read more
The Interchange project’s name has gone the way of Hiawatha Light Rail Transit and the Central Corridor LRT.
The Minnesota Twins, United Properties and Target Corp. reached a $3.75 million deal with Hennepin County — approved Thursday afternoon — to take over certain operations and other costs of the $85 million transit hub near Target Field. Read more
A Cushman & Wakefield/NorthMarq Brokered Transaction
A Florida developer has closed on a $4.85 million land deal to build 158 market-rate apartments in the West End mixed-use development in St. Louis Park.
Millennium at West End LLC, an entity related to Dolce Living Homes LLC of Hallendale, Fla., closed Wednesday on the cash deal for two parcels totaling 3.55 acres, according to a certificate of real estate value made public Thursday. Read more
The downtown Minneapolis apartment building boom could soon produce much higher vacancy rates, according to the recent Compass report. Read more