A pair of unexpected housing policy proposals, an unfair accusation against a hotel chain, and an unlikely new theme park. From the wild and wooly world of real estate, here are our Hits and Misses for the week of Jan. 5-9. Hit: Who Saw That Coming? The biggest...
The Department of Homeland Security (DHS) has called out the Hilton Hotels Corp. (NYSE: HLT) for canceling and refusing reservations by ICE agents in the Minneapolis area. DHS posted to its X account, “NO ROOM AT THE INN! @HiltonHotels has launched a coordinated...
Minneapolis Mayor Jacob Frey is proposing to hike his city’s property tax levy by 7.8% next year, which would be the largest levy increase since 2010. According to combined media reports, under the mayor’s proposed budget the owner of a $333,000 Minneapolis home will...
The commercial real estate brokerage firm Marcus & Millichap (NYSE:MMI) announced the sale of The Liberty, a 242-unit multifamily property in the Minneapolis suburb of Golden Valley, Minnesota, for $59.5 million. Completed in 2017, The Liberty has 55 townhomes and...
Minneapolis’ 57-story Wells Fargo Center has been acquired by a joint venture between the investor groups Cross Ocean Partners, Neuberger Berman Special Situations and Onward Investors. The 1.15 million-square-foot property opened in 1987 as the headquarters of...