Osseo
Osseo, MN · Real Estate
Axios Twin Cities
Report: Housing production slips, pushing home prices and rents
The Twin Cities didn't build nearly enough housing units last year to keep up with demand, an ongoing trend that's contributing to rising rents and home prices . By the numbers: Metro builders produced 12,161 units in 2025, according to a report out Friday morning from the Minneapolis Federal Reserve Bank. That's well below a goal of 18,000 units per year set by the Itasca Project as a key metric for maintaining housing affordability in the metro area. Catch up quick: A construction boom helped the Twin Cities surpass the 18,000 threshold each year from 2019-2022, but production has fallen short the last three years. Why it matters: The Minneapolis Fed says this, along with lagging production of income-restricted housing, risks eroding the Twin Cities' standing as a relatively affordable metro for housing. The Fed says the Twin Cities has a lower rental vacancy rate than most of its peer cities, and there are signs that rents are outpacing income growth here. The big picture: Developers say a mix of high construction costs and interest rates, coupled with slow rent growth in recent years, has made building apartments difficult financially , though single-family production has fared better.
hoodline.com
Highland Senior Complex Changes Hands In $17.1 Million Shakeup
Northstar Properties of Minnesota has acquired Graham Place Senior Apartments, a 121-unit, 55-plus community in St. Paul’s Highland neighborhood. The four-story building at 1745 Graham Ave changed hands this spring in a deal that industry records value at roughly $17.1 million, with Stonebridge Communities selling the property. The sale...
mprnews.org
Minneapolis emergency rent relief fund on track to dole out $300K in the first month
ListenMinneapolis emergency rent relief fund on track to dole out $300k in the first month. It’s been two weeks since applications opened for emergency rent relief funding for Minneapolis residents. The $2 million, one-time fund was created after some immigrant families couldn’t pay rent, because they were scared to leave their homes and go to work during Operation Metro Surge.
bestofsno.com
The Rise of Rentals: Local landlords versus large property managements
A place to live is an essential for all. As house ownership becomes more difficult to reach, the role of rental properties cannot be overlooked. Almost half of the residential properties in the Hamline-Midway are occupied by renters as opposed to homeowners. However, the landlords of these rental properties vary from local members of the community, with only a small handful of rental properties to large corporations, the renters do not get a face and name to interact with.
mynortheaster.com
Rising lot rents spur bill of rights for manufactured homeowners
For Juan Lorenzo, a long-time resident of Hilltop’s Manufactured Home Park (MHP), little has changed about the park in the last decade — except for rising lot rents. Lorenzo’s lot rent jumped $250 after GBH Properties acquired MHP in December 2024. That increase represents a 35% rise, up from $450 to $700 per month.
rejournals.com
BOMA of Greater Minneapolis elects board chair, directors
The Building Owners and Managers Association (BOMA) of Greater Minneapolis elected Ryan Companies’ Raymond Vaughn Board Chair. Hempel’s Xue Yang, Capital Partners’ Kellee Vinge, and Transwestern’s Umberto Rivera won election to the Board of Directors. “Each of these leaders bring a distinct perspective and depth of...
hamlineoracle.com
The Rise of Rentals: Local landlords versus large property managements
A place to live is an essential for all. As house ownership becomes more difficult to reach, the role of rental properties cannot be overlooked. Almost half of the residential properties in the Hamline-Midway are occupied by renters as opposed to homeowners. However, the landlords of these rental properties vary from local members of the community, with only a small handful of rental properties to large corporations, the renters do not get a face and name to interact with.
Minnesota Spokesman-Recorder
Legacy and Laughter fundraiser celebrates community influencers
The Irreducible Grace Foundation hosted its annual Legacy and Laughter fundraiser at the Black Youth Healing Arts Center in St. Paul, honoring community leaders including T. Michael Rambo, the Khaliq-Davis family and Anika Bowie-Lunde while naming rooms in the center after honorees to weave their legacies into the fabric of the space.
hoodline.com
Lennar Clings To Twin Cities Homebuilding Crown
If you were hoping for a plot twist in the Twin Cities homebuilding rankings for 2025, it did not arrive. Lennar once again led the metro-area market by residential revenue, topping a field of 25 for-sale builders that together reported roughly $3.69 billion in gross revenue and more than 6,500 closings last year.
KARE
Vendors needed for Plaza del Sol project in St. Paul after Metro Surge impact
SAINT PAUL, Minnesota — Construction is nearly finished on the Plaza del Sol project, located at 990 Payne Ave. on St. Paul's East Side. But Operation Metro Surge's impact is being felt as they move towards the finish line. The Latino Economic Development Center (LEDC) is transforming the historic...
monitorsaintpaul.com
Bill McGuire and 499 Snelling Realty Company to redevelop former CVS site in Midway
The City of Saint Paul today announced the planned redevelopment of the former CVS site in the Midway neighborhood. The private development will be led by 499 Snelling Realty Company, an enterprise managed by Dr. Bill McGuire. The project will build upon extensive investments and construction in the area – including United Village and Allianz Field – that have been completed or are currently underway. Development on the former CVS site is expected to bring market-rate apartments and new retail services to the neighborhood.