Delray Beach approves deal for $100M development
The Delray Beach Community Redevelopment Agency approved a deal on April 9 with BH3 Management for a $100.3 million development on West Atlantic Avenue.
The CRA Board passed the purchased and sales agreement that will grant 7.4 acres at 600 to 800 West Atlantic Avenue to Aventura-based BH3 for the nominal price of $10.
Although the land was appraised at far more than that, the CRA gave the developer credit for public benefits in its projects, such as extra parking spaces and public spaces.
BH3…
Texas politicians want to lower property taxes by raising sales tax
Texas leaders are pushing a new proposal to swap property taxes for a one-cent sales tax increase, but opponent decry the plan as a regressive tax that will hurt those who can least afford it.
Top Texas politicians want to lower property taxes by raising sales tax
Texas leaders are pushing a new proposal to swap property taxes for a one-cent sales tax increase, but opponent decry the plan as a regressive tax that will hurt those who can least afford it.
1,300 more homes for Hutto, coming soon from William Lyon Homes
The California-based homebuilder is steering the massive project on 315 acres in Hutto, one of the region's fastest-growing suburbs.
How a business group became an unlikely advocate for a solution to homelessness
When Bernard Tyson stepped in as chairman of the Bay Area Council two years ago, the business-funded public policy group was getting results back from its annual survey showing that homelessness was a growing issue for residents from San Francisco to Oakland to San Jose.
It was perfect timing.
Kaiser Permanente, the Oakland-based health care provider and not-for-profit health insurer that Tyson leads as CEO, was prepping a $200-million campaign to fight homelessness nationwide. That campaign included…
Report: Local ‘lifestyle renters’ could feel more of a squeeze
For both those who rent by choice and by necessity in Sacramento, year-over-year rental increases were the same in March: 4.5%.
But while that figure was the eighth-highest nationally for by-necessity renters, it was third-highest for those who rent by choice, or what research firm Yardi Matrix calls the “lifestyle” renter class.
With most of the new supply in Sacramento aimed at the latter, and overall new supply less than 1% of the overall supply in March, lifestyle renters may be feeling…
Why housing is now a health issue for Kaiser
Is there a direct line from housing security to better health? The Oakland-based health giant thinks so, and it’s plowing $200 million into housing preservation and homelessness prevention.
Bank to seize indicted developer’s Palm Beach mansion after auction fails (photos)
The oceanfront mansion of developer Robert V. Matthews, who was indicted by a federal grand jury in 2018, will be taken by a mortgage lender after a bankruptcy auction came up empty.
The nearly 16,000-square-foot home, at 101 Casa Bendita in Palm Beach, was scheduled for auction March 28 under order of U.S. Bankruptcy Court in Matthews’ personal Chapter 11 filing. The minimum bid was $31 million.
In an April 8 order, U.S. Bankruptcy Judge Mindy A. Mora said no qualified bids were received for…
Galleria-area apartment high-rise tied to lawsuit starts construction
A Houston-based developer appears to have started construction on a high-rise apartment tower at the center of a 3-year-old legal battle.
The Dinerstein Cos. website says the tower, named Aspire Post Oak, is “coming soon” and is expected to open in summer 2021, the Houston Chronicle reports. Requests for comment from Dinerstein weren’t immediately returned.
In 2016, the company filed a lawsuit seeking a declaratory judgment over its plans to build the 39-story apartment tower at 1650 Post…
S.F. supervisors throw shade at proposed SoMa housing development
In a showdown between 63 new units of housing and a shadow, city supervisors unanimously sided with the shadow.
The San Francisco Board of Supervisors on Tuesday night resoundingly rejected a large South of Market apartment complex loaded with below-market-rate units because of a shadow the building would have cast on a park for 42 minutes on summer evenings.
The proposal for the 63-unit complex called for the demolition of existing buildings at 1052-1060 Folsom St. and 190-194 Russ St., the merging…