Hey look, more apartments for the North Loop
From the StarTrib: The 106 units is in addition to nearly 1,000 apartments under construction, or near construction, in the North Loop neighborhood, a once-gritty warehouse district that connects the downtown central business district with the Mississippi riverfront. Because of its prime location and abundance of redevelopment opportunities, the neighborhood is a hotbed of development…
No Need, No Game
If there is no need, there is no game. The words from successful local real estate developer Kelly Doran the other night at the University of St. Thomas Executive Insight Series. Doran had been a longtime retail developer with Robert Muir Company but has his sight set on multifamily development, especially the student housing niche…
Apartment Overload
Watch what happens now – the “accidental landlord”, you know the person that couldn’t sell their condo because they bought it at the peak of the market gets sandbagged (again) because they can’t put it up on Craigslist and get 10 inquiries in 2 hours like they are seeing now. The new apartment development across…
This Needs To Stop
It’s crap like this that needs to stop. Another example of old newspaper’s dying a slow death. Sure I want to see your fancy apartment tracker map, but putting it behind a paywall is just plain dumb these days. Especially since I can probably tell judging by the rest of website that it wasn’t created…
Linkage: Google getting into affordable housing?
A taste for restaurant leases developing via StarTrib. Affordable Housing Sector Finding New Financing via Urban Land Institute (h/t Mike Cobb). Google! We’ve even witnessed Google investing in affordable housing in Minneapolis with the Riverside Plaza getting $28 million as Aegon US Realty Advisors partner up. Class-B Assets and Secondary Markets Earn Their Day in…
Linkage: The apartment onslaught continues for Minneapolis and a walk down money lane
Hand picked commercial real estate links both local and national: Apartments, apartments, apartments is the only construction development happening these days and focused on Downtown. Now it appears Schafer Richardson is trying to get into the mix with turning the Cameron Building on 756 4th St in the North Loop to market-rate apartments via Downtown…
Is the “Target Field effect” finally being felt in the North Loop
What many have been waiting for may finally be here. A lot of projects have come to light over the last few months in concerns to new and adaptive reuse development around Target Field in Minneapolis. Some projects are also returning to the table that have been put on hold during this downturn. Apartments on…
Housing crash created new crush of renters
More good news for multifamily investors as the trend continues towards a “renter nation”. Also good opportunity to pick up distressed multifamily apartments as mortgages for apartment buildings have some of the highest delinquency rates among commercial products as they were created during the housing boom and are now starting to mature. Solid insights from…
We are on the verge of one of the best apartment bull runs in a long time
Words in a webcast from Marcus & Millichap’s Director National Housing Group. They have some of the best market reports around and if you are into commercial real estate investing, you should be a subscriber. Apartments entering rapid recovery The market nationally experienced a full percentage drop in 2010 and that will follow into 2011…
Strong multifamily property performance in Minneapolis will spur investor demand
Bright times ahead for multifamily Minneapolis investor’s? Some might think so and the latest report from Marcus & Millichap about the Minneapolis – St. Paul apartment seems to point that way. Job growth and limited new construction will continue to keep vacancy low and rents will rise. 1300 units where absorbed in the third quarter…
Multifamily Dominating Permits Pulled
We’ve said it before that multifamily is leading the way for local Twin Cities real estate investors and the latest stats from the local builders association is also showing demand in new permits pulled for apartment buildings and senior housing. According to the Builders Association of Twin Cities there where 228 permits issued from cities…
Locate Markets For Multifamily Investments
With multifamily apartments becoming a preferred asset class among many investors these days and now it is turning a corner were landlords are expected to be back in control within 6-12 months. There are a lot of local economic factors that are coming into a play. This is leading to pockets of investment potential in…
Where It Must Be At For Twin Cities Investors: Multi Family
A Brief Multi Family Update With the multi family market showing some signs of life and the market expected to shift back into favor of apartment owners within the next 6 to 12 months. It might be a good time to take a look if you are thinking about investing. There are some fundamentals that…
Balance Will Shift Back To Apartment Owners Quickly
Watch the latest video at video.foxbusiness.com Some quick hitters: Market ripe for renters Will change back into landlord favor Some difficulty in getting loans for buyers Homeownership at lowest in 10 years Demographic forces favor renting. Jobs, jobs, jobs. Vacancies have been dropping but pricing has remained stable on rents Balance will shift from tenants…
