Minneapolis Mayor Jacob Frey is proposing to hike his city’s residential property tax levy by 11.3%, the largest increase in six years. Axios reports Frey’s proposal is designed to address his city’s $30 million revenue shortfall coupled with financial demands to...
The Foshay Tower, a landmark building in downtown Minneapolis, is facing foreclosure after its owners failed to pay off its $51 million mortgage. The Star-Tribune reports the mortgage’s maturity date came in May 2025. Deutsche Bank filed the complaint as a trustee...
Minneapolis’ historic Lumber Exchange building is being sold in a $1 transaction. Twin Cities Business reports the 12-story, 225,569-square-foot property is being acquired by Kristi Oman, owner of Space Unlimited, a Minneapolis real estate company focused on restoring...
The Department of Housing and Urban Development (HUD) announced that its Office for Fair Housing and Equal Opportunity (FHEO) launched an investigation into Minneapolis’ housing policies for potential violations of the Fair Housing Act and Title VI of the Civil Rights...
A pair of hotels in downtown St. Paul, Minnesota, have temporarily closed over safety concerns after protestors claimed they were accommodating ICE agents. TwinCities.com reports the Hilton DoubleTree Downtown St. Paul sent letters to their guests telling them to find...
Redfin’s Housing Affordability Scenarios Stretch From 2029 to Beyond 2036
