Lakeland
Lakeland, MN · Real Estate
KSTP 5 Eyewitness News Minneapolis-St. Paul MN
Axios Twin Cities
New rental repair ordinance gives St. Paul renters leverage
St. Paul voters overwhelmingly approved a new "right-to-repair" ordinance , handing tenants a lot more leverage over their landlords when something breaks in their rental housing. Yes, but: The real thrust of the ordinance won't be renters fixing washing machines themselves, but rather to compel their landlords to do it faster. Catch up quick: The Safe Homes St. Paul campaign pitched its proposal as a "break in case of emergency" solution for renters dealing with egregious neglect. Under the language , tenants will be able to deduct half-a-month's rent to pay for repairs if their landlord doesn't fix them after 14 days' written notice. What they're saying: Duluth enacted a similar ordinance a year ago, and the main effect has been to spur landlords into action so tenants don't contract out the work themselves, St. Paul campaign coordinator Cole Hanson tells Axios. "I don't know another business where you cannot respond to your customers for two weeks and stay in business," Hanson says. "Utilization is going to be low," predicts Minnesota Multi Housing president Cecil Smith, who opposed the St. Paul proposal. He says most property owners and managers are diligent about repairs. Friction points: If tenants do flex their
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MinnPost
St. Paul Voice and La Voz Latina
Meet downtown St. Paul’s new largest commercial property owner
Jamie Rand, owner of the Downtown Revival Trust, reveals his backstory and how he has become the downtown St. Paul's largest commercial property owner in a matter of months. The post Meet downtown St. Paul’s new largest commercial property owner first appeared on St. Paul Voice | Downtown St. Paul Voice | South St. Paul Voice | La Voz Latina .
unearththevoyage.com
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hoodline.com
Edina Firm Snaps Up $54M Twin Cities Warehouse Portfolio From Blackstone Arm
Capital Partners has paid $54.25 million for five industrial properties across three Twin Cities suburbs, scooping up warehouse space from Blackstone's Link Logistics at a moment when the region's industrial market is running red hot while its office towers face high vacancy. The Edina-based private equity firm acquired the five...