Daily #Minnesota business news that covers real estate, construction and more 🏢
Minneapolis, MN
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Twin Cities housing permits fell 23% in October 2026, while Rochester saw strong apartment activity with 334 units permitted across two major projects. bit.ly/4A8W3h7
ALT Twin Cities housing permits fall 23% in October as Rochester surges
Minnesota architecture firm ATSR was selected to oversee the Kennedy Center's $257 million renovation, drawing scrutiny over procurement practices. bit.ly/4jVfdlL
ALT Kennedy Center hiring of small Minnesota firm draws scrutiny
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Wildcat Defense plans a $350 million acquisition of Fraser Industries, funding shipyard expansion, workforce growth and defense production. bit.ly/3WjeTmT
ALT Investment company to buy Superior shipyard
Twin Cities apartment deliveries fell 18.9% through July as construction slowed, vacancy reached 6% and higher interest rates pressured property sales. bit.ly/47GySi0
ALT Twin Cities apartment deliveries plunge as construction slows
Mississippi River communities launched new tools to evaluate data center proposals as AI infrastructure investment expands across the Midwest. bit.ly/4kgRAEa
ALT Mississippi River cities roll out data center review tools
Trump orders immediate renovations at Washington's East Potomac Golf Links despite a federal judge's order and a lawsuit over environmental and historic preservation. bit.ly/4kfuqOr
ALT Trump orders golf course renovation amid federal court dispute
DataBank bought its Eagan MSP2 data center for $9.8 million, advancing its property ownership strategy as the city studies data center development. bit.ly/4yEBdFb
ALT DataBank buys Eagan data center for $9.8 million
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North Oaks Co. proposes 380,000 square feet of industrial space in White Bear Township, with site work potentially starting in early 2027. bit.ly/4Br7aDr
ALT North Oaks Co. industrial project under review in White Bear Township
Genger Holdings paid $10.8 million for the Kasota Distribution Center in St. Paul. Bradley Investments paid $6.85 million for a Blaine trucking terminal. bit.ly/4yHdtjC
ALT Just Sold: St. Paul warehouse sells for $10.8M
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Morgan Stanley bought Sherman Associates' 95-unit Altair apartments in Fridley for $19.9 million, adding to Twin Cities multifamily investment activity. bit.ly/4i7otSl
ALT Sherman Associates sells Fridley apartments for $19.9M
Dan Gilbert pledges $1 billion to a Detroit nonprofit for a $2 billion Renaissance Center redevelopment projected to create 8,000 construction jobs. bit.ly/3W1h5zq
ALT Dan Gilbert pledges $1B to Detroit Renaissance Center revamp
The Minnesota Department of Employment and Economic Development awarded $2.5 million in grants to eight institutions for workforce training programs. finance-commerce.com/2026/10…
TKDA has opened a new Riverside, California office to better serve clients and grow its team, expanding its presence beyond Minnesota. finance-commerce.com/2026/10…
Twin Cities commercial listings include two Blaine retail outlots and two Minneapolis restaurant or mixed-use properties priced at $965,000 and $1.295 million. finance-commerce.com/2026/10…
The Minnesota housing market sees declining pending sales and rising inventory as mortgage rates hit highest levels in nearly three years, impacting affordability. finance-commerce.com/2026/10…
St. Cloud will hold a Nov. 16 hearing on proposed data center rules requiring noise, vibration and environmental studies for new projects. finance-commerce.com/2026/10…
Researchers say larger, more frequent hailstorms could drive billions in additional losses, raising risks for insurers, builders and property owners. finance-commerce.com/2026/10…
