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
Every day, business and political leaders are tackling the question of how to revive downtown Minneapolis. After a year of dealing with the pandemic, social unrest, and shuttered businesses, they are searching for ways to bring people back downtown. Even as the state has ramped up vaccinations against COVID-19, downtown remains a ghost town
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
Walk anywhere in the five and a half million square feet that make up Mall of America and you will find signs of COVID…literally signs that help keep guests safe as they visit and shop the country’s largest retail destination. Sanitation stations are a few feet apart in every hallway. Masks are required and
The global pandemic has affected every aspect of life in America and across the world, the multifamily housing market is no exception. The impact of the pandemic is affecting every aspect of multifamily development from product design and selection, to getting deals done, to building management and operation.
Over the last decade, there has been
This is the first in a series of blog posts covering the topic of commercial leasing during these uncertain times. Throughout the summer, this series will explore a number of commercial leasing related questions raised by both commercial landlords and commercial tenants.
The COVID-19 pandemic has impacted businesses across all industries in disparate but equally
Over the last year and a half, St. Paul civic and business leaders have frequently commented on a growing number of commercial vacancies along the Grand Avenue business district as a number of longtime restaurants and retail establishments have either closed or relocated. The loss of high-profile businesses, particularly near Victoria Crossing, has led many