Riverview Intermediate’s original 1969 HVAC is being replaced in a two‑year, $21.9M project. Crews are working on the north wing and gym this summer; the district will start school Sept. 8.

Goldman Sachs and R2 Cos. sold Studio 15 in downtown Minneapolis, the 131,000‑sq‑ft building known for a Bob Dylan mural. The property was about 65% leased and reportedly sold below the 2014 purchase price.

Minnesota’s Department of Children, Youth and Families will relocate to 106 Water St. at Farwell‑on‑Water, taking about 92,000 sq ft and bringing roughly 400 staff to the riverfront.

A HireAHelper analysis finds only Louisiana, Iowa and Minnesota meet the 30% mortgage-to-income test. High prices and rising rates leave most states out of reach.

With the Wolves weighing a new arena, Minneapolis must decide whether to redevelop, repurpose or retire Target Center — and who will pay the remaining debt. The clock on the teams' lease and the city’s $53.5M obligation will shape the talks.

Phillips Edison has purchased Chaska Commons in a roughly $38 million deal, adding a grocery‑anchored center to its Twin Cities holdings. The sale keeps Cub Foods and neighborhood services under a national owner focused on grocery-anchored retail.

Rolls‑Royce's $24M expansion in Mankato adds a 250,000‑sq‑ft logistics center and aims to more than double production of massive backup generators. The move comes amid surging data‑center demand.

Schafer Richardson will convert the upper floors of the North Loop building that houses Spoon and Stable into 42 apartments, preserving historic woodwork and adding a basement speakeasy.

After a packed council meeting, Elk River voted down a zoning amendment that would have allowed a 60,000‑sq‑ft data center, leaving the permit in doubt. Neighbors and the nearby brewery welcomed the decision.

Empery Digital is investing $65 million to convert a Midwest industrial site into a 150–300 MW AI data center under a partnership with Hunt Properties.

Hennepin County cut the assessed value of Best Buy’s Richfield campus from about $63M to $32M, trimming roughly 5% from the city’s commercial tax base and complicating the 2027 budget.

Lupe Development and the Wall Companies revived plans to replace a downtown parking lot with 104 affordable senior apartments near the Stone Arch Bridge. City planners previewed the design this week and developers say public outreach is next.

Inver Grove Heights extended its land deal after state funding fell through, slowing the $70M Minnesota Hockey Hall of Fame project. Organizers are now refocusing on private sponsors while due diligence continues.