Aveda founder Horst Rechelbacher spent nearly $7 million to buy the top two floors of a Minneapolis condo building. It could give the market a lift.
“There are excellent opportunities in the market and for those buyers who have a longer-term perspective, these purchases represent “once-in-a-lifetime” opportunities,” said Barry Berg, the Coldwell Banker Burnet agent who along with business partner, Chad Larsen, represented Rechelbacher in the deal. “We’re seeing evidence of pent-up demand as many buyers are looking more seriously at purchase opportunities.”
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