Finance & Commerce

Devean George’s group pays $11.8M for modular housing plant site

A real estate and development company headed by former pro basketball player Devean George has acquired a north Minneapolis warehouse property, the future home of a $31.1 million modular housing manufacturing plant now on the cusp of construction.

Q&A: Talking Twin Cities Habitat for Humanity with Cecile Bedor, chief real estate officer

the Minnesota State Capitol in St. Paul, shown Feb. 12, 2024

Permitting reform bills introduced in Minnesota Legislature

Construction & Development

Permitting reform bills introduced in Minnesota Legislature

Efforts to streamline environmental permitting in Minnesota are getting the attention of state lawmakers on the heels of a recent study that links permitting reform to economic growth.

Real Estate

A 82,972-square-foot building at 1400 Washington Ave. N. in Minneapolis

Devean George’s group pays $11.8M for modular housing plant site

Economic Development

Electronic internet web and paper media concept: tablet PC computer, modern black glossy touchscreen smartphone and heap of businees office newspapers with financial news isolated on white background with reflection effect

New Black-led credit union chartered in Minnesota

Arise Community Credit Union, a new credit union opening for Twin Cities residents, has been issued its state charter by the Minnesota Department of Commerce, according to a Thursday press release from the department.

Just Sold

Aerial photo of the industrial property at 30 81st Ave. NE in Fridley

Just Sold: Fridley industrial site draws $6.75M

A Hastings-based buyer has paid $6.75 million for a Fridley industrial site with nearly 8 acres of outdoor storage.

Q & A

Q&A: Talking Twin Cities Habitat for Humanity with Cecile Bedor, chief real estate officer

Last month, Twin Cities Habitat for Humanity announced a new hire: Cecile Bedor, the six-year vice president of real estate at CommonBond Communities would be joining Habitat as its chief real estate officer.

Nation & World

Interior of One Franklin Tower in Philadelphia showing an office that has been converted to a housing unit

Office-to-residential conversions could be boon for downtowns

Office-to-residential conversions are piquing developers’ interest in U.S. cities, despite hurdles related to requirements for seismic upgrades and reviews of plans for historic buildings.

Podcast

Special Publications

Top Women in Construction 2024

Inside this section you’ll find profiles of women being recognized in seven categories for their innovative approaches to industry development, community involvement and business integrity.

Professional Announcements

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Top Projects

July 18th, 2024 | 5:00 PM

Honoring the best building and construction projects in the state, Finance & Commerce’s Top Projects is the must-attend annual event t[...]

Empowering Women

August 21st, 2024 | 4:00 PM

These awards recognize companies and organizations that have shown a strong commitment to supporting and elevating women in Minnesota.

Women’s Leadership Summit

August 21st, 2024 | 12:00 PM

Women are essential as business leaders, entrepreneurs and within their family. Join Finance & Commerce for our Inaugural Women’s Lead[...]

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Construction & Development

Rochester OKs school demolition

United Properties plans $40M senior project in Lake Elmo

Study: Conversions could help revitalize downtown St. Paul

Golf center planned near Mystic Lake Casino

Research explores safer work zones for flaggers

Mortenson to build $800M Meta data center in Rosemount

Edina Planning Commission pushes back on France Ave. redevelopment plan

Infrastructure bids exceed estimate at The Heights

Permitting reform bills introduced in Minnesota Legislature

Efforts to streamline environmental permitting in Minnesota are getting the attention of state lawmakers on the heels of a recent study that links permitting reform to economic growth.

Mayors tell Walz to say no on land use changes

On Wednesday, a group of mayors from throughout the Twin Cities metro met with Gov. Tim Walz and told him about their concerns about bills at the Legislature that would make sweeping changes to land use regulations at the state level.

Overhead view of a housing units in a community

Rachel acquires golf course site, faces lawsuit to stop development

Rachel Development has acquired a former golf course property in Cottage Grove with plans to build hundreds of single-family homes there, but an environmental group opposed to the project is asking the courts to block construction.

A photo of an orange highway sign that reads "ROAD WORK AHEAD"

Anoka County, MnDOT launch review of Hwy. 10 expansion plan

An environmental review is underway for an expansion of Highway 10 in Coon Rapids, a project designed to relieve backups on stretches of highway that see up to two hours of congestion in peak hours.

Close up construction worker holding safety helmet with cranes in the background

U.S. Army Corps of Engineers awards flood diversion contract

The St. Paul District of the U.S. Army Corps of Engineers has awarded a $42.2M contract to R.J. Zavoral & Sons Inc. for work on the Fargo-Moorhead diversion project.

Real Estate

New home listings up 34.5% since last year in Twin Cities metro

HavenBrook Homes agrees to settlement with Minnesota’s attorney general

Two more Minnesota Cabela’s bought for combined $50M

Report: Salary needed to buy median-priced Minnesota home nears six figures

Bill would limit ownership of single-family rentals

Buyer’s mission seals YWCA deal

Loews Minneapolis Hotel sold for $23.5M

M&A lawyers to sellers: Start planning three years early

Devean George’s group pays $11.8M for modular housing plant site

Q&A: Talking Twin Cities Habitat for Humanity with Cecile Bedor, chief real estate officer

Real estate colleagues remember Ralph Burnet

Twin Cities real estate icon Ralph Burnet hired David Knox as an agent on April 19, 1973, a move that launched Knox’s long and successful career in the industry.

Three people are shown on a stage behind tables, with one holding a microphone and speaking while gesturing near a projection screen

Establish AI policy early, Ryan Cos. AI director says

At a panel discussion talking through artificial intelligence use in the workplace, specifically for commercial real estate, Dan Williamson, director of AI for Ryan Cos., said that companies shouldn’t seek to solve all their AI-related problems in one policy right away but should just focus on getting a policy out there.

This photo shows the downtown Minneapolis skyline above Uptown properties

Minneapolis industrial values up, office, residential falls

Minneapolis City Assessor Rebecca Malmquist provided some confirmation to real estate professionals Monday: The value of Minneapolis commercial properties is down — and the main culprit is office buildings.

Other Top Stories

Devean George’s group pays $11.8M for modular housing plant site