Real Estate Blog

Sky-high construction costs, a shortage of labor, lengthy entitlements, lawsuits and pushback can delay a project for years, or make it impossible to build.

There's been plenty of debate over the new comprehensive zoning plan for Minneapolis, with neighborhood groups and some city leaders complaining that the Minneapolis 2040 proposal is a gift to developers looking to bulldoze homes. So what do the developers think?

Turns out they're split on the issue, too — at least the ones talking in a Star Tribune report that weighs the likelihood of neighborhood upheaval from the plan.

Minneapolis 2040 effectively zones most of the city for multifamily housing,…

These two projects would address the county's affordable housing crisis.

As Von Maur opened its second Minnesota location on Saturday at Rosedale Center, company President Jim von Maur was talking about his hopes for more Von Maur stores in the Twin Cities.

“We see the Twin Cities as multi-market, there could be a couple more stores in the Twin Cities,” von Maur said in an interview during the Rosedale store's grand opening. “It could be a new construction or an existing box that we could take over.”

Von Maur's only other Twin Cities store opened at Eden Prairie Center…

The properly nearly doubled in value.

Sears, which has dozens of Georgia locations, filed for Chapter 11 bankruptcy protection with plans to keep hundreds of stores open for now under a deal reached with its lenders, while the retailer's Chairman Eddie Lampert has stepped down from his post as CEO, effective immediately.

Illinois-based Sears Holdings Corp. (Nasdaq: SHLD) filed for bankruptcy in the U.S. Bankruptcy Court for the Southern District of New York in White Plains early on Monday, local time.

Sears has agreed to close 142…

The Accardi brothers have added another property in downtown Tampa to their real estate portfolio.

Twins John and Jason Accardi, who own and operate Seven One Seven Parking Services Inc., have acquired the Le Meridien parking garage at 603 E. Cass St. for $2 million, according to Hillsborough County property records.

The seller, Tampa Hotel Holding LLC, paid $950,000 for the property in 2013. The site is .38 acres, and the building itself is 15,982 square feet.

The property, once known as the…

Three North Loop apartment buildings that were constructed in the past six years have sold to an undisclosed buyer.

Eden Prairie-based TE Miller LLC and Minneapolis Solhem Cos. sold the portfolio on Oct. 9, according to a press release by CBRE’s Minneapolis office, which represented the two developers in the sale.

The three buildings total 308 units. A sale price wasn’t immediately available on the state’s electronic real estate filing system.

The three buildings are:

Soltvå, 701…

Sears Holding Corp. has filed for Chapter 11 bankruptcy protection with plans to keep hundreds of stores open for now under a deal reached with its lenders, while the retailer's chairman, Eddie Lampert, stepped down from his post as CEO, effective immediately.

Illinois-based Sears (Nasdaq: SHLD) filed for bankruptcy in the U.S. Bankruptcy Court for the Southern District of New York in White Plains early on Monday.

Sears has agreed to close 142 stores by the end of the year, in addition to 46 stores…

Sears has filed for Chapter 11 bankruptcy protection with plans to keep hundreds of stores open for now under a deal reached with its lenders, while the retailer's Chairman Eddie Lampert has stepped down from his post as CEO, effective immediately.

Illinois-based Sears Holdings Corp. filed for bankruptcy in the U.S. Bankruptcy Court for the Southern District of New York in White Plains early Monday.

Sears has agreed to close 142 stores by the end of the year, in addition to 46 stores the company…