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Finance & Commerce

@financecommerce.bsky.social
37 followers 12 following 1.4K posts

Finance & Commerce provides news, analysis and commentary on Minnesota business. We are the only independent daily newspaper dedicated to business reporting. finance-commerce.com

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Finance & Commerce @financecommerce.bsky.social · 1h
Minneapolis-based Kraus-Anderson has completed a $30.47 million civic campus for the city of Chanhassen.
Kraus-Anderson wraps up civic campus project in Chanhassen
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Finance & Commerce @financecommerce.bsky.social · 4h
New Mountain Capital bought a 175,555-square-foot New Hope warehouse for $32.9M, expanding the New York firm's Twin Cities real estate holdings.
New Mountain Capital buys New Hope warehouse for $33M
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Finance & Commerce @financecommerce.bsky.social · 5h
Tradehome Shoes plans a 165,000-square-foot headquarters and distribution center in Cottage Grove, expanding its Twin Cities footprint and supporting growth.
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Tradehome Shoes plans new headquarters in Cottage Grove
Tradehome Shoes plans a 165,000-square-foot headquarters and distribution center in Cottage Grove, expanding its Twin Cities footprint and supporting growth.
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Finance & Commerce @financecommerce.bsky.social · 07/10/2026
A fully leased Maple Grove medical clinic has sold for $3.4 million. And Illinois-based The Lock Up paid $17.6 million for a Bloomington self-storage center.
Just Sold: Maple Grove medical clinic sells for $3.4M
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Finance & Commerce @financecommerce.bsky.social · 06/10/2026
The U.S. trade deficit widened 13.7% to $105.6 billion in August as imports hit a record high, threatening to weigh on third-quarter GDP growth.
U.S. trade deficit jumps as imports hit record high
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Finance & Commerce @financecommerce.bsky.social · 06/10/2026
Home energy disclosure programs in Minneapolis and Bloomington have spurred efficiency upgrades, cutting energy costs and residential carbon emissions.
Sustainable: Disclosure programs spur energy upgrades
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Finance & Commerce @financecommerce.bsky.social · 06/10/2026
Lion Rock Properties paid $10 million for the 123-unit LaSalle Plaza Apartments in downtown Minneapolis. It plans renovations and a rebrand.
Lion Rock paid $10M for Minneapolis apartment building
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Finance & Commerce @financecommerce.bsky.social · 06/10/2026
A weak September jobs report lowers the odds of an October Fed rate hike, but upcoming inflation data could still sway policymakers before the meeting.
Fed may wait till December to pull rate trigger
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Finance & Commerce @financecommerce.bsky.social · 06/10/2026
Twin Cities homebuilding rose 20% in September, with multifamily permits surging 81% while single-family permits fell 8% year over year.
Twin Cities homebuilding rises as multifamily permits surge
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Finance & Commerce @financecommerce.bsky.social · 06/10/2026
Minneapolis is streamlining building permits for home improvements, cutting approval times for roofs, renovations and other projects to just days.
Minneapolis streamlines permits for some projects
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Finance & Commerce @financecommerce.bsky.social · 05/10/2026
Chicago investor Artisan Capital Group bought the 240-unit Shoreview Hills apartments for $25.35 million and plans renovations and new amenities.
Artisan buys Shoreview Hills apartments for $25.35M
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Finance & Commerce @financecommerce.bsky.social · 05/10/2026
Eagan advances plans for 250,000-square-foot business park bit.ly/4rOQQbf
Eagan advances plans for 250,000-square-foot business park
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Finance & Commerce @financecommerce.bsky.social · 05/10/2026
Boyum Barenscheer consolidates its Minnesota offices into a new 43,346-square-foot headquarters at Midway Innovation Center II in St. Paul.
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Accounting firm consolidates offices in St. Paul
Boyum Barenscheer consolidates its Minnesota offices into a new 43,346-square-foot headquarters at Midway Innovation Center II in St. Paul.
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Finance & Commerce @financecommerce.bsky.social · 05/10/2026
Sibley Manor Apartments, a 550-unit Highland Park property in St. Paul, is on the market for the first time since it was built in the 1950s.
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550-unit Sibley Manor apartments hit St. Paul market
Sibley Manor Apartments, a 550-unit Highland Park property in St. Paul, is on the market for the first time since it was built in the 1950s.
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Finance & Commerce @financecommerce.bsky.social · 04/10/2026
Tenants in five south Minneapolis buildings owned by Rental Minnesota petition to form a union over health and living condition issues.
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Rental Minnesota tenants organize to form union
Tenants in five south Minneapolis buildings owned by Rental Minnesota petition to form a union over health and living condition issues.
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Finance & Commerce @financecommerce.bsky.social · 04/10/2026
Avivo opened Avivo Village in St. Cloud with 48 private units to help 450-500 unhoused people in the area find permanent housing.
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Nonprofit Avivo opens shelter in St. Cloud
Avivo opened Avivo Village in St. Cloud with 48 private units to help 450-500 unhoused people in the area find permanent housing.
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Finance & Commerce @financecommerce.bsky.social · 04/10/2026
MnDOT will close a stretch of Highway 169 overnight in Jordan for concrete work on the new interchange with Highway 282/County Road 9.
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MnDOT announces overnight closure of Highway 169
MnDOT will close a stretch of Highway 169 overnight in Jordan for concrete work on the new interchange with Highway 282/County Road 9.
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Finance & Commerce @financecommerce.bsky.social · 03/10/2026
Interview: Sean Ryan, director of real estate development, Ryan Cos. US Inc.
Interview: Sean Ryan, director of real estate development, Ryan Cos. US Inc.
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Finance & Commerce @financecommerce.bsky.social · 03/10/2026
Amazon broke ground on a 216,000-square-foot delivery station in Sheboygan that could create up to 200 jobs and begin operations by late 2027.
Amazon breaks ground on Sheboygan delivery station
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Finance & Commerce @financecommerce.bsky.social · 03/10/2026
Minnesota housing market inventory hits a seven-year high as home prices rise and pending sales increase, while higher rates pressure buyers.
Q&A: Minnesota housing market sees more inventory, higher prices
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Finance & Commerce @financecommerce.bsky.social · 03/10/2026
Jason Quilling paid $11.15 million for a 93-unit St. Louis Park apartment property. The Lock Up paid $13.2 million cash for a Roseville self-storage facility.
Just Sold: Quilling adds to St. Louis Park holdings
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Finance & Commerce @financecommerce.bsky.social · 02/10/2026
Chicago investor Bender Cos. bought the 198-unit Woodland North Apartments in Coon Rapids, marking its first acquisition in Minnesota.
Bender buys Woodland North Apartments in Coon Rapids
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Finance & Commerce @financecommerce.bsky.social · 02/10/2026
Minneapolis Fed President Neel Kashkari expects more interest rate hikes going into 2027 as the strong U.S. economy and elevated inflation persist.
Minneapolis Fed’s Kashkari expects more rate increases
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Finance & Commerce @financecommerce.bsky.social · 02/10/2026
Three Twin Cities properties hit the market, including an Oakdale industrial building, a rail-connected Bloomington site and an 18-unit Minneapolis complex.
On the Market: Oakdale, Bloomington industrial properties
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Finance & Commerce @financecommerce.bsky.social · 02/10/2026
U.S. unemployment claims fell to 197,000 as layoffs declined in September, signaling labor market resilience despite weak hiring and rising costs.
Historically low layoffs underpin labor market
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Finance & Commerce @financecommerce.bsky.social · 02/10/2026
Wausau approved Wangard Partners' 143-unit Solhaven apartment project, a $36.1 million riverfront development with city tax incentives.
Wausau approves 143-unit Solhaven apartment project
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Finance & Commerce @financecommerce.bsky.social · 02/10/2026
Swervo bought the 148,800-square-foot River Valley Business Park Building A in Shakopee for $19.3 million from developer Opus.
Swervo buys Shakopee industrial building for $19.3M
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Finance & Commerce @financecommerce.bsky.social · 01/10/2026
Twin Cities office conversions have affected 8.1 million square feet since 2016, with 4.75 million square feet of the 8.1 million square feet underway or planned for redevelopment.
Twin Cities office conversions reach 8.1M square feet
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Finance & Commerce @financecommerce.bsky.social · 01/10/2026
Tenants in five south Minneapolis buildings owned by Rental Minnesota petition to form a union over health and living condition issues.
Rental Minnesota tenants organize to form union
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Finance & Commerce @financecommerce.bsky.social · 01/10/2026
Boyum Barenscheer consolidates its Minnesota offices into a new 43,346-square-foot headquarters at Midway Innovation Center II in St. Paul.
Accounting firm consolidates offices in St. Paul
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Finance & Commerce @financecommerce.bsky.social · 01/10/2026
The U.S. economy grew at a 2.2% annual rate in the second quarter as strong consumer spending and AI infrastructure investment boosted GDP growth.
U.S. economy grows 2.2% as AI investment boosts GDP
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Finance & Commerce @financecommerce.bsky.social · 01/10/2026
U.S. inflation rose less than expected in August as PCE prices increased 0.3%, easing pressure on the Federal Reserve to raise interest rates in October.
U.S. inflation cools, easing pressure for Fed rate hike
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Finance & Commerce @financecommerce.bsky.social · 01/10/2026
Maple Grove Hospital plans a $500 million expansion, adding 315,000 square feet, 226 beds and 746 jobs as environmental review begins.
Maple Grove Hospital plans $500M expansion
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Finance & Commerce @financecommerce.bsky.social · 30/09/2026
Sibley Manor Apartments, a 550-unit Highland Park property in St. Paul, is on the market for the first time since it was built in the 1950s.
550-unit Sibley Manor apartments hit St. Paul market
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Finance & Commerce @financecommerce.bsky.social · 30/09/2026
Milwaukee’s Plan Commission backs the 25-story, 226-unit Zenith condo tower, a major downtown housing project planned by New Land Enterprises.
Milwaukee advances 226-unit Zenith condo tower
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Finance & Commerce @financecommerce.bsky.social · 30/09/2026
New York Fed President John Williams says one more interest rate hike may be needed in 2026 as the Federal Reserve works to bring inflation back to 2%.
Fed’s Williams sees one more interest rate hike in 2026
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Finance & Commerce @financecommerce.bsky.social · 30/09/2026
Milwaukee opens the $4.6 million Gary P. Grunau Memorial Plaza along the RiverWalk, honoring the developer who helped transform downtown Milwaukee.
Milwaukee public plaza honors well-known developer
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Finance & Commerce @financecommerce.bsky.social · 30/09/2026
Milwaukee advances a 12-month data center moratorium as officials weigh new zoning rules addressing energy, water, noise and neighborhood impacts.
Milwaukee advances data center moratorium
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Finance & Commerce @financecommerce.bsky.social · 30/09/2026
Eagan planning commissioners advance plans for Endeavor Development’s 250,000-square-foot Highway 55 Business Center business park.
Eagan advances plans for 250,000-square-foot business park
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Finance & Commerce @financecommerce.bsky.social · 29/09/2026
Waterton acquired the 453-unit City Walk apartment complex in Woodbury and plans value-add renovations to enhance the property.
Waterton acquires 453-unit Woodbury apartment complex
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Finance & Commerce @financecommerce.bsky.social · 29/09/2026
AI is reshaping entry-level jobs by reducing hiring, slowing wage growth and eliminating the work young employees once used to gain experience.
Best at Work Insights: The bottom rung is disappearing
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Finance & Commerce @financecommerce.bsky.social · 29/09/2026
President Trump rolls back fuel economy standards for new cars and trucks, reversing Biden-era rules designed to boost electric vehicle sales.
Trump rolls back Biden fuel mileage standards
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Finance & Commerce @financecommerce.bsky.social · 29/09/2026
The Minnesota Court of Appeals reverses summary judgment, finding a factual dispute over occupancy and personal service of a foreclosure notice.
Court of Appeals reverses ruling on foreclosure notice
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Finance & Commerce @financecommerce.bsky.social · 29/09/2026
Tempus Realty Partners bought the 500,000-square-foot Excelsior Crossings office complex in Hopkins for $66 million at 98% occupancy.
Tempus buys Hopkins office complex for $66M
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Finance & Commerce @financecommerce.bsky.social · 29/09/2026
The U.S. and China agreed to cut tariffs on $60 billion in goods, extend a trade truce and expand cooperation on agriculture, coal and finance.
U.S., China agree to cut tariffs on $60B of goods
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Finance & Commerce @financecommerce.bsky.social · 29/09/2026
AI and robotics are transforming auto manufacturing as Chinese automakers lead automation, raising pressure on Detroit plants and workers.
AI, robots push auto plants toward lights-out factories
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Finance & Commerce @financecommerce.bsky.social · 29/09/2026
Mesabi Metallics plans a $15 billion Iowa steel plant using Minnesota iron ore, with 1,750 permanent jobs and production expected in 2030.
Mesabi Metallics plans $15 billion Iowa steel plant
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Finance & Commerce @financecommerce.bsky.social · 28/09/2026
Otsego is reviewing a 137-acre development with 431 homes, senior housing, memory care and 60,000 square feet of commercial space.
Otsego development would add more than 400 homes
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Finance & Commerce @financecommerce.bsky.social · 28/09/2026
Ecolab plans major Eagan campus expansion and renovation bit.ly/4jsKzQ7
Ecolab plans major Eagan campus expansion and renovation
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Finance & Commerce @financecommerce.bsky.social · 28/09/2026
Condos planned for Edina public works site bit.ly/4Azgg0o
Condos planned for Edina public works site
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