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Finance and Commerce
Bloomington considers prevailing wage for city-assisted projects
The same week that Minnesota’s third largest city voted to remove prevailing wage requirements on single-family home projects receiving tax increment financing, the fourth largest city had discussions...
Interview: Rebecca Noecker, St. Paul City Council member
Beyond the Skyline is a podcast about economic development, commercial real estate and construction in Minnesota. Above all, it’s a show about what’s next, creativity and the innovation in technology ...
Prologis unloads majority of its Twin Cities industrial assets in massive deal
In a blockbuster deal for the local market, San Francisco-based Prologis has traded the lion’s share of its Twin Cities industrial portfolio to London-based EQT Exeter. Sources and real estate docu...
Enclave plan for Edina Macy’s Furniture site clears planning commission
The mammoth development project at Edina’s old Macy’s Furniture Store site received a recommendation of approval at the Wednesday meeting of the Edina Planning Commission. The property, which is be...
Just Sold: Central Trailer Sales adds location in Jordan
Editor’s note: “Just Sold” is a Finance & Commerce feature based on the newest certificates of real estate value filed with the Minnesota Department of Revenue for commercial sales throughout Minn...
Northmarq merges with Oregon investment management group
Northmarq, a commercial real estate firm based in Bloomington, announced that it is merging with a 22-year-old investment management company based in Lake Oswego, Oregon, according to a Northmarq pres...
Team Steady acquires eyesore at Franklin and Lyndale, looks to revitalize it
Lowry Hill/Wedge residents beware: Something new is coming to the building on the northeast corner of Lyndale and Franklin avenues. What exactly is happening to the property, however, remains to be se...
Trellis starts construction on affordable apartments in north Minneapolis
The Harrison neighborhood of north Minneapolis will soon be over 100 apartment units richer, as a nonprofit developer has started construction on the latest addition to its campus of affordable housin...
Wiedner buys up 4Marq apartments in $53 million deal
Wiedner Apartment Homes has continued its quest of making high-dollar deals for multifamily assets in the Twin Cities. According to public documents, the group acquired 4Marq Apartments, a luxury apar...
Spotlight: BDH focuses on design and a tradition of developing future owners
Over the years, BDH owners Jill Brecount and Kim Dennis had multiple opportunities to sell the Minneapolis-based architecture and interior design firm to national firms that already were here or wante...
Q&A: City Council Member Rebecca Noecker on Central Station and St. Paul’s downtown
St. Paul has something of a hole in the middle of its downtown. Building after building after building and then a piece of property with a light rail station, but nothing much else. And the City Counc...
Shovel-ready status of $525M expansion gave Polar an edge in CHIPS Act funding
Polar Semiconductor isn’t wasting any time getting started with the $525 million expansion of its manufacturing facility on Old Shakopee Road in Bloomington, a project that’s advancing with help from ...
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