Minneapolis-based Roers Cos. plans to enter the Central Ohio market with a proposed 152-unit apartment development in south Columbus. https://t.co/Ee46tL3bSz
The basement features remnants of when First National Bank operated the bank vaults, including a 40-ton main vault door, a wall where a three-person security team could shoot through at potential thieves, and a firing range. https://t.co/UJNwN5ngtF
#MN#SaintAnthonyFalls
“ a river runs through it” it’s also a liar downtown Metro have the fewest number of residents living in the downtown. Commercial industrial took precedence over residential pre-1980.
A bill in the Minnesota Legislature would fold the North Loop neighborhood into a downtown Minneapolis tax district, adding a 3% surcharge on food and drinks. https://t.co/BjfMz1FOGk
A St. Paul‑based property manager has purchased a La Quinta Inn hotel in Bloomington from a bank for significantly less than its previous sale price, public records show. https://t.co/X2lVKQDFYo
Tract-linked entity buys Cannon Falls land for $15.23M for planned data center campus, with seven buildings and phased development over 10 years. https://t.co/NOD3uQT4My
Rochester, New York Airport Marriott faces foreclosure after owner defaults on $14.5 million loan.
SAI Global Investments LLC, managed by Ashish Kapoor, bought the hotel from DelMonte Hotel Group in May 2023 for $8.5 million.
-whecnews10 / Rochester Business Journal
#commercialrealestate
There’s so much investment money sitting on the sidelines right now because owners of mostly vacant buildings are holding on to the fantasy that pre-pandemic patterns will come back.
We should be charging a vacancy tax to nudge landlords to sell if they won’t use their building.
Downtown Minneapolis commercial property values fell 13.7% year-over-year, while total commercial and industrial values dropped to $9.7B, per assessor data. https://t.co/tqGMm0qqmI