Costco paid $5.5M for the former TGI Friday’s lot on Riverdale Boulevard and will move its gas operation there, planning a 20‑pump island and roughly 128 extra parking spots.

A former Ecolab office tower at 386 Wabasha Street North is being converted into The Stella, adding roughly 174 apartments to downtown St. Paul with a complex financing stack.

A TREND‑backed crowdfund is offering North Minneapolis residents a chance to co‑own Hawthorn Crossings starting at $1,000, with a limited neighborhood matching grant. Organizers say the move is meant to keep capital and retail control on the North Side.

Monarch Development closed financing and crews have started site work on an 89‑unit, five‑story apartment at 931 Marshall St. NE, reviving a plan first approved in 2022.

A developer‑backed Black Business Village Experience will host a free Aug. 15 land‑launch in Brooklyn Center to raise funds for a planned 30,000‑sq‑ft event and business hub.

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.