Minnesota Real Estate News

Adrian Marsden: His word was his bond (Minneapolis-St. Paul Star Tribune) - From the back of his station wagon, he started a janitorial service that eventually employed 4,000 people.
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Central Bank of Stillwater buys failed Florida bank (Minneapolis-St. Paul Star Tribune) - How does Central Bank keep taking over all the failed banks??? I knew Central Bank was a decent little bank, but how do they end up getting all the assets of the failed banks???
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Reality of realty: Number of realtors continue to drop (KARE 11 Minneapolis-St. Paul) - The housing boom that occured around 2003 created the availability of many houses to buy and a market in which homes
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13 charged in $19M Central Oregon bank fraud (Minneapolis-St. Paul Star Tribune) - PORTLAND, Ore. - The collapse of a Bend real estate development company has resulted in charges against 13 people in what prosecutors say is the largest Oregon fraud case to emerge from the national real estate boom and bust.
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Names of health-reform bills stress affordability but costs still unaffordable for some families (MinnPost) - Names of health-reform bills stress affordability but costs still unaffordable for some families By Casey Selix | Friday, Nov. 20, 2009 While both the Senate and House health-care bills guarantee access to health insurance regardless of pre-existing conditions, neither one will do much to improve the affordability of health coverage for moderate to middle-income Americans in the individual ...
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Foreclosure crisis weighs on economy as more people with good credit risk losing homes (Minneapolis-St. Paul Star Tribune) - This is partly the banks fault. If they worked with the homeowner, there wouldn't be all these foreclosures. Why don't the banks extend the loan for a few more years, … read more collecting enormous interest on this extension and help the owner keep making their payment at a slightly lower affordable monthly amount?
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Wells Fargo’s survey shows baby boomers falling further behind on savings (Finance and Commerce) - Baby boomers still aren’t saving enough for their retirement. So what else is new? Wells Fargo & Co. called attention to that looming financial train wreck in the latest edition of its annual retirement survey.
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Association update: An introduction to the MSCA STARR Awards (Finance and Commerce) - Every December, most people are scrambling to manage holiday obligations. Busy malls and stores are filled with people making purchases and for a few short weeks, those who are in the shopping center industry can reflect upon the past year’s accomplishments.
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Weak data on jobless claims, future economic activity, foreclosures add to recovery concerns (Minneapolis-St. Paul Star Tribune) - WASHINGTON - A gauge of future economic activity and a report on unemployment benefits signaled Thursday that the recovery likely will remain weak in the coming months.
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Office vacancy highest since 1992 (Finance and Commerce) - Office vacancy across the Twin Cities has hit its highest rate since 1992. Vacancy across the Twin Cities now stands at 18.5 percent. There is approximately 5 million square feet of vacant office space in downtown Minneapolis alone.
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