Finance & Commerce

Listen to this article The Blueprint Sherman Associates plans to begin construction this summer after closing on financing in mid-August. The $140 million project includes a 265-unit market-rate tower and a 76-unit affordable senior housing building. The Rochester EDA approved a 70-day extension to the purchase and development agreement due to financing challenges. The downtown development will feature riverfront amenities, green space, solar-ready infrastructure, and a shared parking structure.

St. Louis Park-based Buhl Investors has purchased industrial buildings at 7400 and 7600 49th Ave. N. in New Hope. The buildings, which total 200,000 square feet, were developed in 1994. (Submitted photo: JLL Capital Markets) Listen to this article The Blueprint Buhl Investors completed two cash acquisitions totaling $20.3 million for adjacent industrial properties in New Hope. The properties at 7400 and 7600 49th Ave. N. total approximately 200,000 square feet.

Listen to this article The Blueprint Housing key to downtown revitalization. Duluth demographics larger than reported. Adaptive reuse opportunities remain strong. Faster city approvals support development. Brian Forcier says he is often asked about which kind of asset type he specializes in. His usual answer: all of them. “When you are in a big-little town like Duluth in the Twin Ports area, you kind of have to do it all,” he said.

The Sisters of the Order of St. Benedict broke ground on a new monastery in St. Joseph on June 17. The smaller 54,000-square-foot monastery is designed to meet the community’s changing needs. (Photo: USA TODAY Network) By A.J. Kaufman, USA TODAY Network via Reuters Connect//July 10, 2026// Listen to this article The Blueprint St. Benedict’s Monastery has broken ground on a new 54,000-square-foot monastery in St. Joseph, with completion expected in late 2027.

Listen to this article The Blueprint Federal Reserve officials remain split between holding interest rates steady and raising them if inflation stays elevated. June meeting minutes emphasize a scenario-based approach, with future policy hinging on incoming inflation data. Persistent inflation and Middle East tensions continue to pose risks through higher energy and commodity prices.

Listen to this article The Blueprint A Union of Concerned Scientists report says Wisconsin should overhaul its power plant approval process and adopt a statewide energy plan. Hyperscale data center growth is driving demand for new natural gas plants in southeast Wisconsin, increasing scrutiny of energy policy. The report argues a regulatory “loophole” limits public need considerations when approving fossil fuel power plants.

Listen to this article The Blueprint President Trump canceled a planned White House signing ceremony and declined to sign the bipartisan housing bill. The legislation will become law automatically after the 10-day presidential review period expires without a signature. Trump tied his decision to Congress‘ failure to pass the Save America Act, despite broad bipartisan support for the housing measure.

The Corridor housing development is now officially open in Oshkosh, Wisconsin. The project features 55 affordable apartments and a child care center offering expanded hours to support working families. (Photo: USA TODAY Network) By Justin Marville, USA TODAY Network via Reuters Connect//July 10, 2026// Listen to this article The Blueprint The Corridor has opened in downtown Oshkosh with 55 affordable housing units and a licensed child care center.

Listen to this article The Blueprint President Trump has made stock market gains a central measure of his administration’s economic performance. Economists warn that rising stock prices do not reflect the financial realities of millions of Americans who own little or no stock. The administration is promoting greater stock ownership through new investment accounts and retirement savings initiatives.

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