Tom Hexum News Today

Another, and this time quite long, delay for Titan Development tearing down the former Michaels Restaurant in Rochester, Minnesota.

Negotiations between Titan Development and the Pappas family have stalled.

First-generation Muslims chase ducks, pheasants and deer, enjoying Minnesota outdoors pastimes that date to statehood.

First-generation Muslims chase ducks, pheasants and deer, enjoying Minnesota outdoors pastimes that date to statehood.

Rochester made history in early April when The Berkman, a 13-story apartment building and hotel with related townhomes, was purchased by CBRE Investment Management of Boston for a historic $187.6 million. That might be the biggest price ever paid for a single multifamily property in Minnesota’s history.

On Feb. 1, BGD5 Development LLC, a Titan Development & Investments company, purchased the amalgam of buildings that housed Michaels restaurant, at the corner of South Broadway and West Center Street. Rochester-based Titan is led by CEO Andy Chafoulias, who has long been working on a development to be built on that high-profile downtown site.

Rochester developer Tom Hexum, who led the transformation of south Rochester farm fields and undeveloped land into the Shoppes on Maine area in 2006-2007, has filed a site development plan with the city to build a new 5,225-square-foot commercial complex.

VA clinic building purchased for $4.6 million MSIR 2, LLCs purchase of the Southwest Rochester building that houses the Rochester Veterans Administration Community Clinic for $4.6 million on Dec. 29 basically reversed a 2019 deal, where MSIR 6, LLC sold it for $2.25 million. Written By: Jeff Kiger | × A Med City firm recently bought back a building that houses the Rochester Veterans Administration Community Clinic for $4.6 million, $2.35 million more than it sold t...