HBG in the News

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Just Sold: Oakdale apartments draw $12.1 million
Finance & Commerce
Just Sold: Oakdale apartments draw $12.1 million
Finance & Commerce

An entity related to Shakopee-based Nationwide Housing Corp. has sold the 175-unit Century Oaks apartments in Oakdale to a private investment partnership for $12.1 million...

...“It had plenty of interest,” Budish said of the affordable apartments, which had low-income housing tax credits expiring.

Bloomington-based Halverson and Blaiser Group Ltd. is managing the property.

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Finance & Commerce
HBG now manages Century Oaks – an affordable apartment in Oakdale
HBG now manages Century Oaks – an affordable apartment in Oakdale

Located in Oakdale, Century Oaks features 175 income qualified units. The apartment offers studio, 1 and 2 bedroom layouts. Residents enjoy top-notch amenities, pet-friendly policies, lush green spaces, and affordable rents, all just minutes from local parks, shopping, and dining.

Century Oaks is located at 1213 Gentry Ave N, Oakdale, MN 55128.

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HBG now manages Forty Forty Flats – a new affordable 55+ apartment in Edina
HBG now manages Forty Forty Flats – a new affordable 55+ apartment in Edina

Located in Edina, Forty Forty Flats features 118 income qualified 55+ units. The apartment offers studio, 1 and 2 bedroom layouts. The thoughtfully designed community offers seniors an independent lifestyle with high-quality amenities at an attainable price. With beautifully appointed apartments, engaging common spaces, and a vibrant neighborhood, Forty-Forty Flats is the perfect place to call home.

Forty Forty Flats is located at 4040 W 70th St, Edina, MN 55435.

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HBG now manages Portland Terrace – a market-rate apartment in Richfield
HBG now manages Portland Terrace – a market-rate apartment in Richfield

Located in Richfield, Portland Terrace features 68 units. The apartment offers studio, 1 and 2 bedroom layouts. Nestled in the heart of Richfield and just minutes from Downtown Minneapolis, the community provides easy access to public transportation and a location that keeps residents connected to everything the city has to offer.

Portland Terrace is located at 7232 Portland Ave, Richfield, MN 55423.

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HBG now manages 7th Avenue – a market rate apartment in North St Paul
HBG now manages 7th Avenue – a market rate apartment in North St Paul

Located in North St Paul, 7th Avenue Apartments features 36 units. The apartment offers renovated 1 and 2 bedroom layouts with stylishly updated kitchens, bathrooms, flooring, and appliances, creating a fresh and contemporary living experience. Residents enjoy unparalleled convenience to everything you need, all while residing in a beautifully upgraded space.

7th Avenue Apartments is located at 2050 7th Ave E, North St Paul, MN 55109.

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HBG now manages Cottages of Vadnais Heights – an affordable 55+ apartment in white Bear Lake
HBG now manages Cottages of Vadnais Heights – an affordable 55+ apartment in white Bear Lake

Located in White Bear Lake, Cottages of Vadnais Heights features 100 income qualified 55+ units. The apartment offers 1, 2 and 3 bedroom layouts.

Nestled in the heart of Vadnais Heights, Minnesota, Cottages of Vadnais Heights are thoughtfully designed rental homes that offer single-level living with no stairs, making everyday life effortless. Each spacious home features a private entrance, central air conditioning, and a cozy patio to enjoy the outdoors. Residents experience the ideal blend of independence and serenity at The Cottages of Vadnais Heights!

Cottages of Vadnais Heights is located at 955 Vadnais Dr, Vadnais Heights, MN 55127.

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HBG now manages Dove Tree – an affordable apartment in Elk River
HBG now manages Dove Tree – an affordable apartment in Elk River

Located in Elk River, Dove Tree features 68 income qualified units. The apartment offers studio, 1 , 2, and 3 bedrooms with spacious and thoughtfully designed layouts.

Dove Tree is located at 1105 Lions Park Dr, Elk River, MN 55330.

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HBG now manages City Place Lofts – a new affordable apartment in Minneapolis
HBG now manages City Place Lofts – a new affordable apartment in Minneapolis

Located in Central Minneapolis, City Place Lofts features 55 income qualified units. The apartment offers studio, 1 and 2 bedroom layouts. These spacious and trendy lofts feature soaring high ceilings and expansive windows that fill your home with an abundance of natural light. Located in the vibrant Historic Theatre District, residents enjoy enviable proximity to the city's finest restaurants, theaters, nightlife, and shopping, all just steps from your front door.

City Place Lofts is located at 730 Hennepin Ave, Minneapolis, MN 55403.

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Downtown St. Paul program pairs small businesses with empty storefronts (and zero rent)
Star Tribune
Downtown St. Paul program pairs small businesses with empty storefronts (and zero rent)
Star Tribune

The St. Paul Downtown Alliance filled vacant retail space by setting up businesses with free six-month leases.

Alexandra Johnson was searching for a storefront to move her dog sporting equipment business, Jack and the Pack, out of her garage. The old Heartthrob Cafe space on the ground floor of downtown St. Paul’s Wells Fargo Place had been vacant for more than a decade.

All they needed was a matchmaker.

Enter the nonprofit St. Paul Downtown Alliance, which has been pairing small businesses with empty storefronts through its Grow Downtown program since 2022...

...“Even though we have this large building, we’re still considerably a small business,” said Lillie Rosen of Halverson and Blaiser Group, which manages the building. “Being able to work with other small businesses and help them out is a great benefit.”...

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Star Tribune
MinnPost
A dazzling new addition to downtown St. Paul’s art scene
MinnPost

The Minnesota Museum of American Art’s “Here, Now” exhibition highlights building renovation and connections in a time of division...

Begun first as a project space in 2013, the M launched phase 1 of its renovation of the Pioneer Endicott building complex back in 2018.

Both the museum’s and the building’s histories go back long before that, just before the turn of the 20th century.

“Both of these buildings were really created around the same time as our organization was founded,” Beane said. “We like to show the connections between the past and the present, between historic and modern, and to show the ways in which these things can be in conversation in really beautiful ways.”

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MinnPost
HBG now manages Marshall Avenue Flats – a new affordable apartment in St Paul
HBG now manages Marshall Avenue Flats – a new affordable apartment in St Paul

Marshall Avenue Flats is St Paul's newest apartment and features 98 income-qualified apartments. The project offers stylish 1,2 and 3-bedroom units in the beautiful Marriam Park East neighborhood. Marshall Avenue Flats opens in March 2025.

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HBG now manages The Theodore – a brand new 55+ community in Minneapolis
HBG now manages The Theodore – a brand new 55+ community in Minneapolis

Located in Bryn Mawr, Minneapolis, The Theodore features 100 affordable units for 55+ adults. The apartment offers beautiful 1 and 2-bedroom layouts with direct access to Theodore Wirth Park. The community features a community room, fitness studio, a greenhouse and community gardens.

The Theodore is located at 2840 N. Wayzata Blvd, Minneapolis, MN 55405.

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HBG now manages The Eloise – a brand new 55+ community in Minneapolis
HBG now manages The Eloise – a brand new 55+ community in Minneapolis

Located in Bryn Mawr, Minneapolis, The Eloise features 100 market-rate units for active 55+ adults. The apartment offers beautiful 1 and 2-bedroom layouts with direct access to Theodore Wirth Park. The community features a golf simulator, fitness studio, a greenhouse, pet spa and rooftop lounge.

The Eloise is located at 2850 N Wayzata Blvd, Minneapolis, MN 55405.

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HBG now manages Wangstad Commons – a new affordable apartment in Brooklyn Center
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.

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Finance & Commerce
Study: Conversions could help revitalize downtown St. Paul
Finance & Commerce

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.

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Finance & Commerce
The Station at Malcolm Yards’ apartment community builds on neighborhood’s redevelopment success
The Business Journals
The Station at Malcolm Yards’ apartment community builds on neighborhood’s redevelopment success
The Business Journals

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.

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The Business Journals
Just Sold: Oakdale apartments draw $12.1 million
Finance & Commerce HBG Finance & Commerce HBG

Just Sold: Oakdale apartments draw $12.1 million

An entity related to Shakopee-based Nationwide Housing Corp. has sold the 175-unit Century Oaks apartments in Oakdale to a private investment partnership for $12.1 million...

...“It had plenty of interest,” Budish said of the affordable apartments, which had low-income housing tax credits expiring.

Bloomington-based Halverson and Blaiser Group Ltd. is managing the property.

Read More
Finance & Commerce HBG Finance & Commerce HBG

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.

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Marshall Avenue Flats advances in St. Paul
Finance & Commerce HBG Finance & Commerce HBG

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.

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Opara set to build affordable housing in Brooklyn Center
Finance & Commerce HBG Finance & Commerce HBG

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.

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