HBG now manages Wangstad Commons – a new affordable apartment in Brooklyn Center
Developed by JO Companies, Wangstad Commons is Brooklyn Center's newest apartment, featuring 54 income-qualified units. The project offers spacious 1, 2, 3, and 4 bedroom layouts with beautiful finishes including granite counters, maple cabinets and in-unit washer/dryer. The community features a fitness center, rec room, coworking space, and more. Wangstad Commons opens in December 2024.
Study: Conversions could help revitalize downtown St. Paul
Looking in part at the past to create a roadmap for the future, downtown St. Paul boosters are counting on office-to-housing conversions like the Pioneer Endicott project to create a more vibrant central business district.
In 2011, PAK Properties and Halverson and Blaiser Group Ltd. paid $1.1 million for the 1889-vintage, 350,000-square-foot Pioneer Endicott complex at 141 E. Fourth St. in downtown St. Paul and spent to $42 million turn the former offices into 234 apartments.
The Station at Malcolm Yards’ apartment community builds on neighborhood’s redevelopment success
More than 20 years ago, developer John Wall, President of The Wall Companies, had a vision for turning a former industrial site in Minneapolis’ Prospect Park neighborhood into a home for cutting-edge businesses tapping into research coming out of the University of Minnesota.
Marshall Avenue Flats advances in St. Paul
The development team of St. Paul-based Pak Properties and Halvorson Blasier Group LTD has started construction of Marshall Avenue Flats, a 98-unit affordable housing project first proposed about four years ago.
The $33.5 million project will bring a mix of one-, two- and three-bedroom units to a development site at 1606 Marshall Ave., according to a project fact sheet. Included are five three-bedroom units for households at or below 30% of area median income, 29 total units at 50% AMI, and 64 units at 60% AMI.
Marshall Avenue Flats to feature 98 units of affordable housing near Marshall and Snelling
With a major boost from the city of St. Paul and other partners, PAK Properties and the HBG Group are moving closer toward starting work on a new six-story, 98-unit affordable rental housing development at Marshall Avenue and Fry Street.
Opara set to build affordable housing in Brooklyn Center
Local developer Johnny Opara is nearing construction on what he calls a “luxury affordable” apartment building that’s been long anticipated in Brooklyn Center.
JO Companies, led by Opara, is building Wangstad Commons on four city-owned parcels with an emphasis on creating high-quality living with affordable rents. The four-story, 54-unit apartment will be highly amenitized and include family-sized units.
Big-D Midwest begins construction at Malcolm Station Apartments in Minneapolis
Construction is underway on the Malcolm Station Apartments in Minneapolis, Minn., Big-D Midwest Construction’s latest housing project.
The seven-storey apartment building, part of a large-scale neighbourhood development by The Wall Companies, features 210 units and 6,878 square feet of retail space and will be a key piece of ongoing development in the city, converting a former industrial area into a modern, mixed-use centre of activity, indicates a release.
Mayor Carter Announces 41-Member Rent Stabilization Stakeholder Group
Today, Mayor Melvin Carter announced the formation of a 41-member Rent Stabilization Stakeholder Group. This group, convened by the University of Minnesota's Center for Urban & Regional Affairs (CURA), will meet February through May in virtual, live-streamed meetings to identify considerations on improving and enhancing rent stabilization in Saint Paul, with a final report completed by this summer.
Century-old office building sold in St. Paul Lowertown
Developers Rich Pakonen and Clint Blaiser have sold an office building in downtown St. Paul that they bought four years ago.
VSM Podcast Episode #32: Seeing the Potential Ft. Clint Blaiser
This episode of the VSM Real Estate Podcast welcomes special guest Clint Blaiser, President and CEO at Halverson and Blaiser Group Ltd. Clint draws from years of real estate experience and shares valuable real estate insight and wisdom.
Episode 26: Getting Into Development with Clint and Noah Blaiser
Mike Sowers talks to Clint and Noah Blaiser on his podcast about Commercial Real Estate.
Utah health-tech company opening office in downtown St. Paul
Central Logic, which helps health systems and governments manage patient loads, has signed a least for 10,700 square feet in the Osborn 370 tower at 370 Wasbasha St.
Duluth-based Maurices will open tech office in downtown St. Paul
Downtown St. Paul has scored an economic development win as Duluth-based retailer Maurices has confirmed it will open a technology center in the Osborn 370 tower.