On February 1st, the Federal Reserve raised interest rates by another quarter-point. This first rate hike of 2023 follows seven interest rate hikes in 2022. With the rising interest rates in mind, Bill Griffith sat down with a panel of real estate and construction industry leaders last fall at Bisnow’s Twin Cities Multifamily Market
Part One on this topic of “How low?” discussed the issue of lien claims by remote claimants. These can be a surprise to an owner or contractor. Remote claims might come from suppliers and subcontractors perhaps several tiers deep on a construction project. The limitation on the rights of remote claimants turns on the definition
The state of retail in Minnesota and around the country is a huge question-mark. The obvious effect of the ongoing COVID restrictions has delivered an unwelcome shock to the operations of even the very best brick and mortar retailers. Nobody can say with confidence when the cloud of uncertainty around COVID and the restrictions on
The United States is now more than 10 months into responding to the COVID-19 health care crisis. Minnesota has been grappling with it in earnest since at least March 2020 when Gov. Tim Walz initiated a series of executive orders designed to stem the spread of the disease until testing and/or a vaccine can be
Like most things in 2020, the multifamily housing market is in a state of flux. Recently, I had the opportunity to moderate the Bisnow webinar, Twin Cities Deep Dive: Multifamily Update. The panelists included Brent Webb, Development Manager, Mortenson, Christian Osmundson, Director of Development, Alatus, and Josh Brandsted, President of Greco Properties. These leaders
This week Margaret Vesel and Matthew Bergeron recap the Minnesota legislature‘s second special session and the ongoing negotiations over a capital investment bill, a tax bill, and a supplemental appropriations package. They also turn their attention towards the August 11 primary election and discuss a number of key races to watch.
Recently I commented on a growing level of concern regarding Gov. Tim Walz’s use of his statutory public safety “emergency” authority to promulgate wide-ranging and consequential executive orders affecting the state’s economy and citizens. While many groups, including health care and service organizations, were required to suspend their operations for at least two months, the
Introducing our new CapWatch podcast series which is an extension of the Larkin Hoffman Podcast Briefing series. In this series, we discuss the end of Minnesota’s 2020 legislative session and the special session in June. The CapWatch podcasts cover the political dynamics at the Minnesota Capitol and give an overview of the policy and spending
Gov. Tim Walz has announced that restaurants and bars in Minnesota will be allowed to re-open for sit-down service effective June 1st. Sort of. The caveat is that sit-down service must be restricted to outdoor seating areas only, with criteria for maintaining social distancing amongst both guests and staff. Previously, restaurants had been
Minnesota, like many states across the country, is gradually trying to loosen the restrictions on its citizens so that we can try to return to some level of normalcy. Most recently, Gov. Tim Walz (D-MN) let his “shelter in place” executive order lapse. This means that a broad mix of businesses, non-profits and government agencies