In local news:

The future of yet another historic property in Charlotte is in question with The Excelsior Club on Beatties Ford Road officially hitting the market. The Charlotte Observer notes the club, which closed in 2016, was once an exclusive social club for black business professionals and political figures.

“It has tremendous meaning, emotional resonance, with the local African American community,” Dan Morrill, director of the Charlotte-Mecklenburg Historic Landmarks Commission, told…

Industry insiders say the 18-story tower at 50 W. San Fernando St. will likely set the new high-water mark when it comes to price per square foot for downtown San Jose.

A San Francisco-based apartment investor has made its Nashville debut in the form of two deals totaling more than $80 million.

In the larger of the two, Hamilton Zanze Co. paid $56.65 million for the 865 Bellevue Apartments, located at 865 Bellevue Road, Nashville Post reports. The development includes 326 residences.

Hamilton Zanze also paid $23.5 million for the Post Ridge Apartments, with 150 units, at 595 Hicks Road, according to the Post.

The Kansas City Council will discuss a proposed ballot issue that would give it an out should voters approve an initiative to lower the cap on economic incentives.

The council is set to discuss this week an ordinance proposed by Councilwoman Teresa Loar, KSHB reports. The ordinance is a response to a measure put forward by the Coalition for Kansas City Economic Development Reform to reduce tax incentives.

The coalition’s ballot measure would cap tax abatement incentives granted by most major…

U.S. mortgage rates rose slightly, just a week after their biggest one-week drop in a decade, according to Freddie Mac.

The 30-year fixed mortgage averaged 4.08 percent for the week ending April 4, up from 4.06 percent the previous week. A year ago, mortgage rates stood at 4.4 percent.

Low mortgage rates help propel U.S. home sales and the refinance market.

“Purchase mortgage application demand saw the second highest weekly increase over the last year and thanks to a spike in refinancing activity,…

The Austin Economic Development Department is rolling out a revamped structure for incentives — with a new focus on subsidizing small, local businesses rather than just the Apples and Samsungs of the world. City Hall thinks the new approach is a better fit for Austin's current economy. But it has its skeptics — and an obstacle that could throw a wrench in the effort.

What are the largest residential real estate firms in Nashville?

We ranked Nashville's residential real estate firms by company sides on a transaction in 2018. To view the top five and see which one tops the list, check out the slideshow with this story.

For the rest of Nashville's top residential real estate firms, take a look at this week's print edition of the Nashville Business Journal. The full list is available in print and includes information about the 2018 gross sales, average sale price,…

“Lord of the Rings” star Orlando Bloom has a splashy home in a swank Beverly Hills location. But right now, he looks to sell.

And with good reason. Bloom got engaged on Valentine's Day to singer Katy Perry, and so he has put his own home on the market for nearly $9 million.

They are now living in her more private home, according to reports.

The house, at 1106 N. Hillcrest Road in Los Angeles, dates to 1959. It features floor-to-ceiling glass doors and a spacious pool in the center, according…

The billionaire owner of the Boston Red Sox and the Boston Globe has cut the listing price of his Florida mansion by $10 million, a 40 percent drop.

The Business Journal earlier this year reported that John Henry had listed his 41,010-square-foot estate near Boca Raton, Florida, for sale for $25 million.

The listing price is now $15 million, according to a representative from Douglas Elliman Real Estate, a luxury residential brokerage. Senada Adzem of Douglas Elliman is the listing broker.

The…

Welcome to Million-Dollar Dream Homes, Triad Business Journal's window into the top end of the Triad's residential real estate market. Each week, we'll feature a home (translation: mansion, estate, manor, compound) that's for sale for a $1 million or more. We'll tell you a little bit about its history and show you a few pictures – so gawkers can gawk and shoppers can shop. Are you a broker with a million-dollar residential listing in Alamance, Caswell, Davidson, Davie, Forsyth, Guilford, Montgomery,…