Multifamily news in Minneapolis-St. Paul
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Upzoning: Building More to Rent for Less
A few U.S. cities are overhauling zoning rules to increase density and expand the supply of affordable housing. It might take years, however, to find out if significant improvements were made.
25 September 2019 15:45 -
Aeon Opens Twin Cities Affordable Community
Situated in Minneapolis’ growing Towerside district, The Louis directly responds to the neighborhood’s lack of affordable housing.
23 September 2019 09:34 -
Minneapolis-Area Community Secures $18M Refi
Working on behalf of TE Miller Development, NorthMarq arranged the Freddie Mac loan for a 114-unit property in Edina, Minn.
28 August 2019 11:46 -
Timberland Partners JV Open 243-Unit Community in Minneapolis
The development is part of the company’s Green Fourth project, which aims to reduce pollution. G4 includes 66 affordable units.
26 July 2019 18:28 -
Twin Cities Multifamily Report – Summer 2019
Multifamily rents in Minneapolis–St. Paul increased 3.1 percent year-over-year through May, 60 basis points above the U.S. average and slightly higher than other Midwestern markets.
23 July 2019 11:16 -
Twin Cities Development: Mixed Outlook
The Opus Group’s Matt Rauenhorst and Nick Murnane evaluate the Twin Cities' multifamily landscape and discuss the challenges developers face in a market with good demographics.
27 June 2019 13:54 -
LMC Breaks Ground on 445-Unit Minneapolis Property
The property on First Avenue will include 8,000 square feet of retail and is slated for completion in the fall of 2020.
10 June 2019 14:15 -
Trio of Midwest Communities Commands $100M
With this acquisition, The Habitat Co. enters the Minnesota market while expanding its multifamily portfolio in Michigan to more than 2,500 units.
04 June 2019 13:32 -
New Minneapolis Community Trades for $25M
Roers Cos. sold Mezzo, a 110-unit property in the city’s Arts District. JLL originated a $16.2 million loan for the new owner.
03 June 2019 11:26 -
Dekel Capital Arranges $41M Loan for MN Community
Central Park West includes a total of 199 units, of which six are affordable, according to Yardi Matrix data. The community is close to downtown Minneapolis.
31 May 2019 17:17 -
Berkshire Acquires Recently Completed MN Community
The Park Off Central is located less than 20 miles from Minneapolis and St. Paul. The new owner is set to rebrand the 191-unit asset.
06 March 2019 12:17 -
Twin Cities Multifamily Report – Winter 2019
Despite a new cycle peak in apartment deliveries in 2018, the average rent growth across the metro remained above the national average.
01 March 2019 13:48 -
How to Prepare for the Next Polar Vortex
The general manager of Minneapolis’ tallest building tells how her property got through the recent polar vortex safely—and shares tips for future events.
04 February 2019 21:52 -
Affordable Senior Housing Community Opens in MN
The Legends of Spring Lake Park is close to a variety of parks, shopping venues and restaurants, and includes a mix of one-, two- and three-bedroom units.
31 January 2019 11:05 -
Top 10 Multifamily Completions in the Midwest in 2018
With more than 35,000 new units, multifamily development in the Midwest closed a very active 2018, on par with national trends.
28 January 2019 13:04