Overview:Simonson Appraisals recently assisted in a property tax appeal involving a 200+ room full-service hotel in the Minneapolis/St. Paul metropolitan area. Our client was the property owner, who was represented by local property tax appeal attorneys. Simonson Appraisals conducted an appraisal report and was prepared to testify at trial. The case settled shortly before the…
Month: June 2025
MREJ Mid-Year Apartment Summit
Insights from the Simonson Appraisals Team Panel 1: Development in Minnesota The Itasca Project aims to add 18,000 new units annually to offset the slowdown from the Great Recession. In both 2024 and 2025, approximately 12,000 units are projected—about two-thirds of the target. Population growth in the Twin Cities has rebounded, with the region now…