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Daily #Minnesota business news that covers real estate, construction and more 🏢

Minneapolis, MN
Joined August 2008
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Twin Cities industrial leasing reached 3.2 million square feet in Q3 as large deals drove demand, while metro vacancy rose to 4.9%. bit.ly/3Wtam1m
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A Harvard and Penn study finds data centers drove just 4% of U.S. residential electricity rate increases over five years, challenging claims about AI's impact. bit.ly/3Xc1NIo
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Motorwerks BMW affiliate buys Bloomington property for expansion plans. Reframe Holdings acquired St. Paul Storage in Lowertown for $7.2 million. bit.ly/4BLcJg4
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Hopkins seeks developers for a 9-acre mixed-use project near the future Shady Oak Station, targeting housing, businesses and transit-oriented growth. bit.ly/3WxQtGo
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U.S. employers added 165,000 jobs in October as unemployment fell to 4.1%, strengthening expectations for a December Fed rate hike. bit.ly/4sO35W7
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Fed officials Beth Hammack and Thomas Barkin support gradual rate hikes as inflation remains elevated and markets assess future policy moves. bit.ly/4sKrBXX
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OpenAI is changing its data center strategy, promising greater transparency with communities as opposition to AI infrastructure construction grows. bit.ly/48EIEkU
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Cobalt Partners' $100 million North Shore Sports Village in Brown Deer would add hockey rinks, courts, retail and dining to a 16-acre site. bit.ly/4k1KUKa
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Democrats prepare increased scrutiny of Wall Street banks, with potential CEO hearings, consumer protection investigations and bipartisan action on AI fraud. bit.ly/4ztSEt0
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Three south metro properties are for sale, including a $2.49 million Minneapolis church, a $1.75 million Savage office building and Bloomington commercial space. bit.ly/4k0a8bR
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Morgan Stanley bought Sherman Associates’ 107-unit Aura active-adult apartments in Fridley for $21.4 million, following its purchase of the nearby Altair. bit.ly/4im2048
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Roers Cos.’ 167-unit Arden Hills apartment project advances with planning commission support, but affordability, density and traffic concerns remain. bit.ly/4yZ2cLB
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Kraus-Anderson completed a $63.7 million laboratory facility in Bismarck for North Dakota's Department of Health and Human Services and Environmental Quality. bit.ly/3UBftMb
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The Minneapolis Business, Housing and Zoning Committee will review a new ordinance regulating data center uses, including size and location limits. bit.ly/4iYEo5H
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MnDOT is progressing on a $13.3 million project to improve 10 miles of Highway 65 from Cambridge to Braham, enhancing safety and infrastructure. bit.ly/4820QEV
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Democratic midterm victories could reshape Trump's trade negotiations, putting billions in foreign investment commitments and global business relationships at stake. bit.ly/3Wn0ZAo
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The U.S. trade deficit narrowed to $105 billion in September as record AI-driven imports boosted technology and capital goods purchases. bit.ly/3UeSfeX
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Democrats' Senate victory could strengthen Federal Reserve independence, restrict Trump's appointments and increase scrutiny of monetary policy and banking regulation. bit.ly/4iq56nP
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