A shortage of new medical buildings and a flurry of hospital‑system deals are tightening Minneapolis–St. Paul’s clinic market and lifting rents for prime medical space.

Securian is investing $50M to modernize its downtown St. Paul headquarters, adding a large new gym and refreshed office space across a roughly 1 million‑sq‑ft campus.

District Energy St. Paul has begun building the Capital City Thermal Plant at University Avenue and Mississippi Street to expand downtown cooling and support new development.

Medline has signed a lease for roughly 195,000 sq ft at Brockton Business Park in Corcoran, anchoring the first building of Hempel and TPG Angelo Gordon’s industrial project. The deal gives the northwest Twin Cities market a major logistics tenant.

CentraCare's new Plaza wing adds surgery, rehab and specialty clinics in a roughly 225,000‑sq‑ft, $194M expansion. Public tours are scheduled next Thursday.

The Jubilee Worship Center is seeking to rezone about 28 acres to build five multi-family buildings with 244 units; the St. Cloud Planning Commission will hold a public hearing. Traffic, drainage and an environmentally sensitive area are among the issues to be discussed.

A new Minneapolis Fed dashboard maps how St. Paul’s zoning and rent‑stabilization changes reshaped development — and why affordability still looks uneven.

Bigos is seeking roughly $5M in TIF to convert Cray/Galtier Plaza into 166 apartments; the HRA and City Council will consider the plan after a June 10 hearing.

Centerspace plans to sell roughly $240M in apartment communities and exit two smaller markets as it pares debt and eyes potential special distributions.

Sumitomo poured more than $10 million into SPS Tower renovations and landed a 15‑year renewal with SPS Commerce, keeping 200,000 square feet anchored downtown.

ZIP code 55356 (Long Lake/Orono) landed sixth on a national hottest-housing list, highlighting steep asking prices and scarce waterfront inventory.

Twin Cities‑based Wold Architects bought Nashville’s JJCA, folding the healthcare-focused firm into Wold’s national platform while keeping the local team intact.

Saul Ewing has moved its Minneapolis office into the Wells Fargo Center, joining other national law firms that have signed leases at the tower. The shift reflects a push for high‑amenity downtown space.