Minneapolis Real Estate – Himspairport http://himspairport.com/ Mon, 21 Nov 2022 21:16:03 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://himspairport.com/wp-content/uploads/2021/05/default.png Minneapolis Real Estate – Himspairport http://himspairport.com/ 32 32 Off-grid: Twin Cities homes run on Earth’s crust + solar power https://himspairport.com/off-grid-twin-cities-homes-run-on-earths-crust-solar-power/ Mon, 21 Nov 2022 21:16:03 +0000 https://himspairport.com/off-grid-twin-cities-homes-run-on-earths-crust-solar-power/ ST. MICHAEL, MN – The “Safe Haven Paradise” estate is unlike any other you’ll find in the state. Located approximately 35 minutes from downtown Minneapolis, this lakefront home is completely off-grid and has zero energy costs. This is because it runs on solar panels and geothermal heat. Geothermal heat is a renewable energy source that […]]]>

ST. MICHAEL, MN – The “Safe Haven Paradise” estate is unlike any other you’ll find in the state. Located approximately 35 minutes from downtown Minneapolis, this lakefront home is completely off-grid and has zero energy costs.

This is because it runs on solar panels and geothermal heat. Geothermal heat is a renewable energy source that is produced by “the slow decay of radioactive particles in the Earth’s core,” notes the US Energy Information Administration.

“Wells a kilometer or more deep can be drilled into underground reservoirs to draw off steam and very hot water which can be brought to the surface for use in a variety of applications, including electricity generation, direct use, heating and cooling,” says the U.S. Office of Energy Efficiency and Renewable Energy.

In addition to its impressive power sources, this resort-style property encompasses five acres and boasts 325 feet of lake shore. The house has a custom steam sauna and hot tub.

There is also enough garage space for eight cars.

Check out more photos, along with the official listing description, below:

  • Address: 7299 20th Street NE, Saint Michael, MN
  • Price: $2,950,000
  • Square feet: 5664
  • Bedrooms: 6
  • Bathrooms: 5
  • Ad Description: Welcome to Safe Haven Paradise. 24x7x365 OFF GRID living lake house on 5 gorgeous acres with 325 feet of beautiful lake shore and 100 foot beach. Expected construction cost over $4 million. Enjoy this property from anywhere in the world 50 minutes drive from MSP. 5 years new in perfect condition. Pamper yourself at this amazing resort-style home and enjoy a spa-like experience with a custom steam sauna and hot tub. Facing south and the sunsets over the beach are spectacular. Ride your RV on the 5 acres and lake toys on this 300 acre metro area lake. Fishing and hunting can be practiced on and off the property + excellent restaurants nearby. The highest quality materials were used to construct this one of a kind home. No other home combines solar and geothermal power to deliver zero off-grid energy cost. Park all your cars and toys in the 8 garages and your lake toys in the brand new 20×10 beach house. You’ll never want to leave home again. It’s the best of both worlds – your lakeside vacation home and your main residence in one place.

Listed By: Zachary Dooher, Realty Group Inc.

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Gordon T. Koehler | News, Sports, Jobs https://himspairport.com/gordon-t-koehler-news-sports-jobs/ Sat, 19 Nov 2022 07:09:41 +0000 https://himspairport.com/gordon-t-koehler-news-sports-jobs/ MINNEAPOLIS—Gordon “Gordy” T. Koehler, 71, died Sunday, October 23, 2022 at the Minneapolis VA Hospice, with his wife by his side. There will be a military burial in the spring at Fort Snelling National Cemetery, Minneapolis, Minn. He was born to Leo and Leone Koehler in Fairmont, Minn. Gordy attended Fairmont […]]]>


MINNEAPOLIS—Gordon “Gordy” T. Koehler, 71, died Sunday, October 23, 2022 at the Minneapolis VA Hospice, with his wife by his side. There will be a military burial in the spring at Fort Snelling National Cemetery, Minneapolis, Minn.

He was born to Leo and Leone Koehler in Fairmont, Minn. Gordy attended Fairmont High School, graduated with the Class of 1969, and received a Bachelor of Arts from the University of Minnesota in 1985. He was a decorated U.S. Army veteran with the 1st Cavalry (1969- 1971) who received a Combat Infantry Badge, two Bronze Stars, Purple Heart, an Army Commendation with V for Gallantry, an Air Medal for regular and frequent helicopter assaults and deeds of unique heroism, the Vietnam Service Medal with arrowhead and stars for combat air assaults and multiple campaigns, and the National Defense Service Medal for wartime service. He was an adventurer and enjoyed Harley Davidson motorcycles as well as skydiving and scuba diving. He was a qualified diver and obtained instructor, ice diving and rescue certifications and dived the Great Barrier Reef in Australia and the Blue Hole in Belize. He loved to travel and had been to Antarctica, Australia, New Zealand, Thailand, Vietnam, Central America and several countries in Africa including Kenya, Ethiopia and Uganda. He married Penny Towner in 1992 and they both worked in real estate for many years. They had a hobby farm with horses, cats and dogs. After retiring in 2009, they moved to their vacation home and enjoyed lakeside living and several trips before his death. His wife, Penny Koehler, loved absolutely everything about him and died just eight days after Gordy. They had two cats and a dog. Gordy was a good soldier, a good husband, and a good man. Penny had requested that memorial contributions in Gordy’s honor be made to The Nature Conservancy or the Sierra Club.

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Legal notice – November 16, 2022 https://himspairport.com/legal-notice-november-16-2022/ Wed, 16 Nov 2022 16:52:30 +0000 https://himspairport.com/legal-notice-november-16-2022/ STATE OF MINNESOTA COUNTY OF WRIGHT TENTH DISTRICT JUDICIAL DISTRICT COURT CLEARANCES DIVISION Court File No. 86-PR-22-4936 Estate of Maxine L. McDevitt, deceased NOTICE OF HEARING ON PETITION FOR PROBATE OF WILL AND APPOINTMENT OF A PERSONAL REPRESENTATIVE AND NOTICE TO CREDITORS Notice is given that on 12/19/22, at 2:30 p.m., a remote hearing will […]]]>

STATE OF MINNESOTA COUNTY OF WRIGHT TENTH DISTRICT JUDICIAL DISTRICT COURT CLEARANCES DIVISION Court File No. 86-PR-22-4936 Estate of Maxine L. McDevitt, deceased NOTICE OF HEARING ON PETITION FOR PROBATE OF WILL AND APPOINTMENT OF A PERSONAL REPRESENTATIVE AND NOTICE TO CREDITORS
Notice is given that on 12/19/22, at 2:30 p.m., a remote hearing will be held in this Court at 3700 Braddock Avenue, Buffalo, Minnesota, for the formal probate of an instrument purporting to be the will of the deceased. dated November 26, 2014 (“Will”), and for the appointment of Kyle M. McDevitt, whose address is 67 Elwood Street, Redwood City, CA, 94062 as personal representative of the estate of the deceased in an administration NOT SUPERVISED. Any objection to the motion must be filed with the Court before or raised at the hearing. If appropriate and if no objection is filed or raised, the personal representative will be appointed with full power to administer the estate, including the power to collect all assets, pay all legal debts, claims, taxes and expenses, sell real estate and personal property. , and to do all the necessary deeds for the succession. If you would like to attend the hearing, please contact Wright County Court Administration at 763-682-7639. Notice is also given that (subject to Minnesota Statute Section 524.3-801) all creditors with claims against the estate are required to present the claims to Staff. representative or administrator of the court within four months of the date of this notice, otherwise the claims will be barred. Dated 11/3/22 BY THE COURT Catherine A. Wilson, District Court Assistant Monica Tschumper, Court Administrator Attorney for Petitioner Sheldon R. Brown Young & Brown, LLC 63 Oak Avenue S Annandaie, MN, 55302 Court No. attorney license: 12154 Phone: (320) 274-8221 FAX: (320) 274-3476 Email: brown@annandalelaw.com

(published in the Annandale Advocate on Wednesday 9 and 16 November 2022)


NOTICE OF MEETING FROM THE TOWNSHIP OF SOUTHSIDE
The Southside Township Board of Supervisors will meet to present the results of the November 8 General Election on Thursday, November 17 at 5:30 p.m. at Southside Township Hall. All interested parties are encouraged to attend.
Carmen Merrill
Southside Township Clerk/Treasurer

(published in the Annandale Advocate on Wednesday 9 and 16 November 2022)


ADVERTISING FOR OFFERS
CITY OF SOUTH HAVEN
(Owner)
SOUTH HAVEN, MINNESOTA
WATER TOWER PROJECT

General opinion
City of South Haven (Owner) is soliciting bids for the construction of the following project:
South Haven Water Tower 204010
Bids for construction of the project will be received at 521 Oak Avenue, PO Box 97, South Haven, MN 56382 until Wednesday November 30, 2022, at 11 a.m. local hour. At that time, the offers received will be opened and read publicly. The opening and reading of the Offers may be modified subject to preventive measures related to COVID-19. The project includes the following works:
Construction of a new water tower, water main, demolition of the old tower, removal of the water main and electrical controls.
Tenders are requested for the following contract:
Infrastructure improvements
Obtaining tender documents
The Office for issuing Call for Tenders is:
Bollig Inc.
1700 Technology Drive NE, Suite 124
Willmar, MN 56201

Prospective bidders may obtain or examine the bidding documents at the Issuing Office Monday through Friday between the hours of 8 a.m. and 5 p.m. and may obtain copies of the bidding documents from the issuing office as described below. Partial sets of tender documents will not be available from the issuing office. Neither the owner nor the engineer shall be responsible for complete or partial sets of the tender documents, including addenda, if any, obtained from sources other than the issuing office.
Tender documents may also be inspected at Willmar Builders Exchange, 2104 East Highway 12, Willmar, MN 56201; the South Haven City Clerk/Treasurer’s office at 521 Oak Avenue, South Haven, MN, Monday through Friday 8:00 a.m. or can be purchased online at www.bollig-engineering.com under the auction tab via QuestCDN for $40.
Printed copies of the Bidding Documents may be obtained from the Publication Office on payment of a deposit of $100 for each set. Bidders who return complete sets of the bidding documents in good condition within 10 days of receipt of bids will receive a refund of $60.00 for documents returned in good condition within the period indicated above. Make deposit checks for tender documents payable to Bollig Inc.
Pre-submission conference
A pre-tender conference for the project will not be held.
Instructions for applicants
For all other requirements regarding bid submission, qualifications, procedures and contract award, refer to the instructions to bidders included in the bidding documents.
American Iron and Steel Section 746 of Title VII of the Consolidated Appropriations Act of 2017 (Division A – Agriculture, Rural Development, Food and Drug Administration, and Related Agencies Appropriations Act, 2017) and subsequent domestic preference laws enforce a U.S. iron and steel to this project. All steel products used in this project must be made in the United States. The term “iron and steel products” means the following products made primarily of iron or steel: coated and uncoated pipes and fittings, manhole covers and other municipal castings, hydrants, tanks, flanges, clamps and retainers, valves, structural steel, precast concrete and building materials. The following exceptions apply to this contract: De Minimis, Minor Components and Pig Iron and Direct Reduced Iron. Wage Rate This project is funded by the USDA Rural and Small Town Development Group. Therefore, federal wage rates apply to this contract.
This announcement is issued by:
Owner: City of South Haven
By: Norman Bodeker
Title: Mayor Date: October 28, 2022

(published in the Annandale Advocate on Wednesdays 2, 9 and 16 November 2022)


STATE OF MINNESOTA DISTRICT COURT OF WRIGHT COUNTY JUDICIAL DITRICT Court File No. 86-PR-22-5047 Estate of Ronald R. Fashant, deceased. NOTICE OF INFORMAL APPOINTMENT OF A PERSONAL REPRESENTATIVE AND NOTICE TO CREDITORS (INTESTATE)
Notice is given that a request for the informal appointment of a personal representative (intestate) has been filed with the Registrar. No will has been presented for probate. The request has been accepted.
Notice is also given that the Registrar has informally appointed Martha Gentilini, residing at 5175 194th Street West, Farmington, MN 55024, as personal representative for the estate of the deceased. Any heir or other interested person may be entitled to be appointed personal representative or may object to the appointment of the personal representative. Unless objections are filed with the court (pursuant to Minn. Stat. § 524.3-607) and the court orders otherwise, the personal representative has full authority to administer the estate, including, after 30 days from the date of issue of the letters, the power to sell, encumber, rent or distribute real estate.
Any objection to the appointment of the personal representative must be filed with this Court and will be heard by the Court after the filing of a proper motion and proper Notice of Hearing.
Notice is also given that (subject to Minn. Stat. § 524.3-801) all creditors with claims against the estate are required to present the claims to the personal representative or court administrator within four months of the date of this notice or the claims shall be barred.
Date 09/11/2022
Pamela Kreier, Registrar
Monica Tschumper, Court Administrator
Personal Representative Lawyer
Beth T. Morrison (#0393449) Lathrop GPM LLP 80 South Eighth Street, Suite 500 Minneapolis, MN 55402 Phone: (612) 632-3322 Email: beth.morrison@lathropgpm.com

(published in the Annandale Advocate on Wednesdays 16 and 23 November 2022)

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Twin Cities developer buys 16-property portfolio for $249 million https://himspairport.com/twin-cities-developer-buys-16-property-portfolio-for-249-million/ Sun, 13 Nov 2022 22:05:18 +0000 https://himspairport.com/twin-cities-developer-buys-16-property-portfolio-for-249-million/ Jason Simek of Capital Partners with 9210 Wyoming Avenue North (Capital Partners, Getty) Edina-based Capital Partners has partnered with Bahrain-based alternative investment firm Investcorp to buy 16 properties in the Twin Cities for $249 million, the Minneapolis/St. Paul Business Journal reported. The seller is Winnipeg, Manitoba-based Artis REIT, which made about $148 million on the […]]]>

Jason Simek of Capital Partners with 9210 Wyoming Avenue North (Capital Partners, Getty)

Edina-based Capital Partners has partnered with Bahrain-based alternative investment firm Investcorp to buy 16 properties in the Twin Cities for $249 million, the Minneapolis/St. Paul Business Journal reported.

The seller is Winnipeg, Manitoba-based Artis REIT, which made about $148 million on the sale, the outlet reported.

The properties, which span 2.5 million square feet and are approximately 95% occupied, bring Capital Partners’ real estate holdings to a total of 13.5 million square feet.

Jason Simek, managing partner of Capital Partners, said the purchase was attractive because many properties are located in crowded Class A submarkets, where there is little developable land available. It’s the second-largest real estate purchase this year in the Minneapolis and St. Paul metro area, behind the $366 million sale of Normandale Lake Office Park in Bloomington earlier this year.

The sellers, Artis REIT, based in Winnipeg, Manitoba, made approximately $148 million on the sale of the properties, which are approximately 95% occupied.

The agreement includes:

  • 120,000 square foot Parkside Industrial Center at 7300 49th Avenue North in New Hope
  • 130,500 square foot Aurora Industrial Warehouse at 2500 Walnut Street in Roseville
  • the 209,000 square foot Berkshire Lane I and II at 800-1000 Berkshire Lane in Plymouth
  • 103,500 square foot Bush Lake Road Industrial Center in Edina
  • 50,500 square feet Mendota Heights Gateway Commons on Waters Drive
  • 217,500 square foot Penn-James Mall in Bloomington
  • 112,500 square foot 12th Avenue Distribution Center in Plymouth
  • 250,000 square foot Energy Park distribution center in St. Paul
  • 113,000 square foot industrial park business center in Plymouth
  • 168,000 square feet and 170,000 square feet Mid-City Business Center South in Minneapolis
  • 406,000 square foot Pilot Knob distribution center in Mendota Heights
  • 68,000 square feet Crosstown North II and 73,000 square feet Crosstown North VI at Brooklyn Park
  • 84,000 square foot corporate campus in Plymouth
  • 106,500 square foot Tech West in Plymouth and a Home Depot store in Richfield

—Victoria Pruitt

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FPA Multifamily Acquires Historic Minneapolis Apartments – Multifamily Real Estate News https://himspairport.com/fpa-multifamily-acquires-historic-minneapolis-apartments-multifamily-real-estate-news/ Thu, 10 Nov 2022 14:30:24 +0000 https://himspairport.com/fpa-multifamily-acquires-historic-minneapolis-apartments-multifamily-real-estate-news/ Gaar Scott’s Historic Lofts. Image via Google Street View FPA Multifamily purchased the Gaar Scott Historic Lofts, a historic loft-style property located at 614 N. First St. in Minneapolis, Minnesota. FPA acquired the community from former owner Gaar Scott Limited Partnership. Of them JLL Capital Markets represented both buyer and seller in the transaction, securing […]]]>
Gaar Scott’s Historic Lofts. Image via Google Street View

FPA Multifamily purchased the Gaar Scott Historic Lofts, a historic loft-style property located at 614 N. First St. in Minneapolis, Minnesota. FPA acquired the community from former owner Gaar Scott Limited Partnership. Of them JLL Capital Markets represented both buyer and seller in the transaction, securing a three-year fixed rate loan for the purchase by North American Banking Corporation.

The Gaar Scott Historic Lofts were built as warehouses in 1885 and converted to apartments in 2001, subsidized in part by historic tax credits. The property offers standard and value-added one-bedroom loft-style units averaging 900 square feet. Apartments feature open floor plans with exposed brickwork and wood beams that hint at the building’s past, in addition to industrial kitchens and in-unit laundry machines. Community facilities include a community hall, fitness center and parking garage. Located in the heart of the city’s Warehouse District, the community is located along the Mississippi River and within walking distance of downtown Minneapolis, close to many of the city’s restaurants, shopping, and entertainment.

The JLL team representing the vendor was led by Managing Director Adam Haydon and Managing Directors Dan Linnell, Mox Gunderson and Josh Talberg. Senior Managing Director Matthew Lawton, Managing Director Scott Loving and Director Britta Lund acted on behalf of the seller.

The twin towns are shrinking

Twin Cities remains a strong Midwestern multi-family market as the city saw $923 million in transactions over the past year, according to a September 2022 Yardi Matrix report. Despite strong demand, market rent growth has increased by 0.3% and the supply of available space has lagged, in part due to labor and supply shortages. As of July, 4,188 units had been delivered – with just 257 under construction – an order of magnitude lower than the 5,207 units delivered last year, according to report data.

Other recent headlines in Twin Cities include Thompson Thrift’s development of The Meridian at CityPlace, a 91-unit luxury townhouse community, as well as CEDARst’s $170 million landing for the Duffey development. 2.0, a 358-unit mixed-use community.

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Custom designed condo facing Gold Medal Park in Minneapolis for $599,000 https://himspairport.com/custom-designed-condo-facing-gold-medal-park-in-minneapolis-for-599000/ Fri, 28 Oct 2022 21:21:26 +0000 https://himspairport.com/custom-designed-condo-facing-gold-medal-park-in-minneapolis-for-599000/ Jay Nuhring doesn’t hesitate to bring work home. After all, he runs an interior design, architecture, and arts consulting firm. “It’s been my go-to business for nearly 25 years, mostly helping people use what they currently have in their homes and revamp what they have, and then supplement it with things they may want. -be […]]]>

Jay Nuhring doesn’t hesitate to bring work home. After all, he runs an interior design, architecture, and arts consulting firm.

“It’s been my go-to business for nearly 25 years, mostly helping people use what they currently have in their homes and revamp what they have, and then supplement it with things they may want. -be replaced,” he said.

So when Nuhring and his partner Jerry Daigle bought a first-floor condo unit at Bridgewater Lofts across from Gold Medal Park in Minneapolis two years ago, it was slated for a design overhaul.

“I took it as an opportunity to make it something experiential — really changing the whole dynamic without really having to clear out all the space,” said Nuhring, also listing agent for the Prudden Company real estate. and head of its home styling department.

“In a typical builder-style property, with really thoughtful changes and the right finishes, you can make it look like something completely different,” he said.

Nuhring and Daigle purchased the unit, built in 2006, painted red and tan and trimmed in blond wood. Nuhring set to work to make the spaces more functional and distinct.

New highs, pocket change

The condo’s 13½-foot high ceilings gave Nuhring space to work. He removed the 7-foot-tall wooden French doors from the master suite and replaced them with taller, steel-framed ones.

“There was a disconnect with scale and space,” he said. “Getting this scale was really important to me, so we had custom 9½-foot-tall glass French doors installed that were more proportionate to the height of the ceiling,” Nuhring said.

He also replaced the doors of a second bedroom which also serves as a boudoir. But in this case, he opted for sliding glass doors to break up the traffic jam in the hallway, which also housed the main entrance as well as doors to a second bathroom and a closet.

Raising the height was not his only goal. In the kitchen, he laid a soffit that lowered the ceiling.

“The kitchen, the living room and the dining room are all in one space. Everything blended together and they didn’t have their own identity,” he said. “So by lowering the ceiling above the kitchen and changing the color of the kitchen, it created a room within a room.”

Shining Examples

Color was a key element in giving each space its own identity. Wall coverings have been added or spaces have been painted.

“I was thinking about the contrast between light and dark. The boundary of the kitchen was defined by the dark color choice. It’s in the middle of the living space, so the idea was to make for the kitchen to come out of the limelight and let the living space shine,” he said. “I wanted the rest of the space to be warm and luxurious, but not as dark, I so I chose medium to lighter neutral tones [for the living and dining areas].”

He also painted the doors dark maple and installed new lighting in every room.

“To me, lighting is like the jewelry in the house. It makes such a difference in making a space highly personalized and updated.”

For the lights, he was inspired by the sites that surrounded him.

“I was channeling being near Guthrie and what I would call a cultural district in the Mill District, the theater district. The idea was something more dramatic – a little more glamorous, a little more experiential , a little theatrical – but livable,” he said.

Turnkey loan

In his work, Nuhring strives to make a house functional. And he did it in the house he shared with Daigle.

“It’s really important to me that when I work with clients that they live in every square inch of their home, that no space is left unused,” Nuhring said. This involved creating multifunctional rooms, such as a bedroom/living room with a sofa bed and a desk.

Although they love the space, it’s time for Nuhring and Daigle to move on to the next place they can transform.

“My partner and I like to make plans,” Nuhring said. “He has always enjoyed renovating houses and that is something we share in common.”

So they listed the 1,240-square-foot, two-bedroom, two-bathroom condo, which also has a private terrace.

The building features a rooftop pool, fitness center, and two-story community hall overlooking Commons Park and US Bank Stadium.

“We love living across from the park,” Nuhring said. “It’s just amazing views.”

Jay Nuhring (jay@pruddencompany.com; 612-229-1854) of Prudden Company has the $599,000 SEO.

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Nicola Wealth Real Estate expands DFW portfolio with acquisition of mid-bay industrial asset in Turnpike submarket https://himspairport.com/nicola-wealth-real-estate-expands-dfw-portfolio-with-acquisition-of-mid-bay-industrial-asset-in-turnpike-submarket/ Wed, 26 Oct 2022 20:12:00 +0000 https://himspairport.com/nicola-wealth-real-estate-expands-dfw-portfolio-with-acquisition-of-mid-bay-industrial-asset-in-turnpike-submarket/ The 78,350 square foot building on a 3.43 acre site is located 6 miles west of downtown Dallas, immediately north of I-30 1473 Land Colony Court, Dallas The 78,350 square foot building on a 3.43 acre site is located 6 miles west of downtown Dallas, immediately north of I-30. Dallas, TX, Oct. 26, 2022 (GLOBE […]]]>

The 78,350 square foot building on a 3.43 acre site is located 6 miles west of downtown Dallas, immediately north of I-30

1473 Land Colony Court, Dallas

The 78,350 square foot building on a 3.43 acre site is located 6 miles west of downtown Dallas, immediately north of I-30.

Dallas, TX, Oct. 26, 2022 (GLOBE NEWSWIRE) — Nicola Wealth Real Estate (NWRE) has acquired 1473 Terre Colony Court, located 6 miles west of downtown Dallas. The transaction, acquired through a partnership with CanTex Capital, was brokered by Robert Deptula of Transwestern and Cameron Deptula of Davidson & Bogel Real Estate LLC.

Totaling 78,350 square feet on a 3.43-acre site, 1473 Terre Colony is a mid-bay industrial building with a functional loading dock, 22-foot headroom, and trucking yard. secured. The building offers flexibility being upgraded to accommodate two tenancies with existing office modules and an infill location in the established Turnpike submarket which features concentrated institutional ownership.

“DFW is a high priority growth market for NWRE,” said Matthew Schaeffers, Director of Acquisitions at Nicola Wealth Real Estate. “We are delighted to acquire such a functional asset in this coveted submarket.”

Schaeffers continues, “1473 Terre Colony offers excellent flexibility for a single tenant or two rental tenants with high-utility building specifications in an infill location. It is acquired for our US income fund and will be held for the long term.

NWRE is focused on growth in key US markets such as Las Vegas, Phoenix, Denver, Dallas/Fort Worth, San Francisco, Minneapolis and Seattle, with an emphasis on acquiring income-generating properties and developing execution of custom development and added value. strategies.

To learn more about the Nicola Wealth Real Estate funds, visit real estate.nicolawealth.com

Attachment

CONTACT: Nicole Thompson Nicola Wealth 604-335-1324 nthompson@nicolawealth.com
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California Realtors apologize for role in racist housing https://himspairport.com/california-realtors-apologize-for-role-in-racist-housing/ Fri, 21 Oct 2022 23:11:09 +0000 https://himspairport.com/california-realtors-apologize-for-role-in-racist-housing/ SACRAMENTO, Calif. — The California Association of Realtors is apologizing for its role in promoting policies that led to racial segregation in the state, decades after the group plowed its money behind a proposal that quashed the premiere state fair housing law. At a press conference on Friday, leaders of several real estate organizations spoke […]]]>

SACRAMENTO, Calif. — The California Association of Realtors is apologizing for its role in promoting policies that led to racial segregation in the state, decades after the group plowed its money behind a proposal that quashed the premiere state fair housing law.

At a press conference on Friday, leaders of several real estate organizations spoke about their next steps, following the association’s apology last week. The group of realtors is now backing a bill that would overturn a law that makes it harder for the state to build affordable housing. The group partners with nonprofits focused on expanding homeownership among communities of color. He also lobbied for a law requiring implicit bias training for real estate agents.

“It’s been a very long time coming,” said Derrick Luckett, president of the National Association of Real Estate Brokers. The association is committed to increasing the intergenerational wealth of black households.

The California Association of Realtors was one of many real estate groups that supported redlining, barriers to affordable housing projects, and other 20th century practices that led to more segregated cities across the United States.

During the 1930s, the federally backed Home Owners’ Loan Corporation created maps that classified parts of towns into categories based on their alleged creditworthiness. The practice, now known as redlining, has led to racial segregation and income inequality by preventing residents living in certain neighborhoods from receiving loans.

The California Association of Realtors, then known as the California Real Estate Association, funded a campaign to add an amendment to the state constitution in 1950 requiring the government to seek voter approval before spending money. public money in affordable housing. For the past few decades, the group has supported repeal of the amendment.

In 1964, the association put its money behind a proposal to strike down the Rumford Act, a law designed to protect people of color from discrimination when looking for housing.

In 2020, following the murders of George Floyd, Breonna Taylor and Ahmaud Arbery, which led to worldwide protests against racism and police brutality, the National Association of Realtors issued an apology for its role in discrimination in matters of of accommodation. Real estate groups in cities like St. Louis and Minneapolis have recently followed suit.

Otto Catrina, president of the California Association of Realtors, said Friday his apology followed those of the group’s former chairman in his magazine last year. But these excuses are more formal, since they went through the approval of the board of directors of the association.

“For many of our members, this apology reflects the organization we are today and we continue to work to foster inclusion and belonging for all of our members and communities,” Catrina said.

The National Association of Realtors reports that the homeownership rate for black Americans is 43% compared to 72% for white Americans. Black homeowners have also reported that their home’s appraisal value increases when they remove any sign of a black family living there.

Eli Knaap, associate director of the Center for Open Geographical Science at San Diego State University, said the apology comes as there is overwhelming evidence that the legacy of discriminatory housing policies is hampering the ability of families to create wealth.

“The greatest source of wealth for most families is in their home,” he said.

Knaap, who has studied the lasting impacts of practices such as redlining which has led to racial segregation, said some local governments are now implementing what is called inclusive zoning where part of the units in a development residential must be affordable for low-income residents.

In June, California’s first Reparations Task Force released a comprehensive report that listed housing segregation as one of the many harms black Californians faced long after slavery was abolished. As the task force deliberates what form reparations might take, economists are scrambling to put a dollar figure on the lasting impacts of that damage.

The California Association of Realtors has not taken an official position on reparations but will consider policy recommendations made by the task force, Catrina said Friday.

Matt Lewis, spokesperson for California housing advocacy group YIMBY, said it was important the realtors association was clear about what steps it would take to address the lingering effects of the discriminatory policies it supported. .

“Apologies are always backward looking, so it’s important to try to undo the damage you’ve done,” Lewis said. “But the next step is, so what are you going to do about it?”

___

Sophie Austin is a member of the Associated Press/Report for America Statehouse News Initiative. Report for America is a nonprofit national service program that places reporters in local newsrooms to report on underreported issues. Follow her on Twitter at: twitter.com/sophieadanna

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REAL ESTATE OPERATIONS | Subscriber https://himspairport.com/real-estate-operations-subscriber/ Wed, 19 Oct 2022 11:00:00 +0000 https://himspairport.com/real-estate-operations-subscriber/ 8180N Ochu Road, Unit 2, from Jack V. and Patricia A. Heming of Hayward to Landscape Investments LLC of Bagley. $710,000. Warranty/deed of condo/original sale. × This page requires JavaScript. Javascript is required for you to play premium content. Please enable it in your browser settings. kAmhcah} qC@5 : {2?6 7C@> pq {2?5 {{r @7 […]]]>

8180N Ochu Road, Unit 2, from Jack V. and Patricia A. Heming of Hayward to Landscape Investments LLC of Bagley. $710,000. Warranty/deed of condo/original sale.

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Mortenson pays $4 million for parking lot south of Mile High with plans for apartment complex – The Denver Post https://himspairport.com/mortenson-pays-4-million-for-parking-lot-south-of-mile-high-with-plans-for-apartment-complex-the-denver-post/ Sun, 16 Oct 2022 23:23:56 +0000 https://himspairport.com/mortenson-pays-4-million-for-parking-lot-south-of-mile-high-with-plans-for-apartment-complex-the-denver-post/ A car park south of Mile High Stadium has been sold and an apartment development is planned. Minneapolis-based Mortenson, a major general contractor who also does development work locally, purchased the 0.9-acre lot at 2506 W. Colfax Ave. in recent days for $3.7 million, according to public records. The deal is $95 per square foot. […]]]>

A car park south of Mile High Stadium has been sold and an apartment development is planned.

Minneapolis-based Mortenson, a major general contractor who also does development work locally, purchased the 0.9-acre lot at 2506 W. Colfax Ave. in recent days for $3.7 million, according to public records. The deal is $95 per square foot.

Mortenson, vice president of real estate development, Taber Sweet, told BusinessDen that the company plans to build an eight-story, 200-unit apartment building on the site. The site development plan submitted to the city provides for the integration of two parking levels into the structure.

“Our goal is to break ground the first week of February,” Sweet said, noting that it depends on the city plan review process.

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