East Bay food hall gets redesign, Hudson Pacific’s new tech tenant, Essex Property stays bullish, and more in our weekly real estate digest
Editor's note: The San Francisco Business Times recently launched this weekly real estate digest featuring a round-up of local news items, musings from notable figures, insights from other publications and must-reads from our own newsroom. As always, we'd love to hear what you think and how we can improve. Please email digest editor Emily Fancher ([email protected]) with any feedback, suggestions or possible news items for this feature.
The developer behind a long-awaited food hall planned…
3 Phoenix-area execs selected to national list of CRE executives
Three Phoenix-area executives have been selected to a national list of notable commercial real estate executives.
The Business Journals’ Influencers: Commercial Real Estate spotlights 100 executives having an influence on real estate and development in their respective communities. These 100 executives represent both large, nationally recognized firms and smaller, family-owned businesses. Some are long-tenured executives while others have found success relatively early in their careers. And while…
Nan Inc. wins $400M rail contract to relocate utilities
The Honolulu Authority for Rapid Transportation has awarded Nan Inc. a contract worth a maximum $400 million to relocate utilities along the proposed rail transit route through Honolulu’s city center.
The indefinite delivery-indefinite quantity contract covers task orders for work from Middle Street to Ala Moana Center, including Kalihi, Chinatown, Downtown Honolulu and Kakaako.
The segment accounts for 4.1 miles of the 20-mile rail route, which will have eight stations.
“This work will progress…
What now? How Mike Isabella could address sexual harassment in his restaurants
The celebrity chef settled a sexual harassment lawsuit filed against him and his business partners, but now the real work begins inside his restaurant group.
Bay Area restaurateurs snag top James Beard awards, including best chef
San Francisco culinary professionals are popping champagne bottles and celebrating another round of wins at this year's James Beard Awards.
Five local names and businesses walked away with awards after a months-long nomination process that shaved down more than 20,000 entries across 21 categories. From there, 15 Bay Area names and restaurants were finalists for awards from outstanding restaurant service to bar program to best new restaurant
The winners were chosen by a volunteer panel of more…
D.C. chef named best in Mid-Atlantic by James Beard Foundation
The Dabney’s Jeremiah Langhorne was named top chef in the Mid-Atlantic region during Monday’s James Beard Foundation Awards in Chicago.
Langhorne was up against some stiff local competition in the Best Chef: Mid-Atlantic category, including Centrolina’s Amy Brandwein and Bad Saint’s Tom Cunanan. The original list of 20 nominees released in February, which was later whittled down, included Esther Lee of D.C.’s Obelisk, Tony Conte of Inferno Pizzeria Napoletana in Darnestown, and Seng Luangrath…
Denver council outlaws slot homes after years of neighborhood outcry
The Denver City Council outlawed the building of controversial “slot” homes in their current form Monday, nearly two months after the city’s planning department stopped accepting new development plans.
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After years of booming development, Denver’s slot home crackdown comes too late for some neighborhoods
But the popularity of sideways-oriented townhomes with developers resulted in a packed pipeline of projects, with 30 or more submitting site development plans by the city’s March 14 cutoff. That means dozens of slot home projects designed under the previous zoning rules still could rise in Denver’s older neighborhoods in the next couple of years.
The council approved, 11-0, a raft of changes to zoning rules that will alter the configurations and designs of future townhome projects, addressing many of neighborhood advocates’ most common complaints.
Most significant is a new requirement that developers orient new projects’ main buildings — and more front doors — toward t..
Colorado Symphony, now operating in the black, catches break on rent for city-owned Boettcher Concert Hall and office space
The city of Denver is cutting the Colorado Symphony extra slack in two lease deals that will provide the organization with nearly free office space and cheaper rent to use Boettcher Concert Hall.
Two years ago, the Colorado Symphony Association ended the year in the black for the first time since a 2011 internal review declared that it was on the brink of financial disaster. Now on the upswing, the association will get an extra cushion from an estimated savings of $166,000 a year at the city-owned Denver Performing Arts Complex under two lease agreements. The City Council approved both Monday night as part of a block vote.
The break on rent is being granted by Denver Arts & Venues, which operates off admission taxes and other income from city-owned venues.
Ginger White-Brunetti, the city agency’s deputy director, said the changes reflect that the orchestra is using aging facilities.
As part of evolving plans to rebuild the arts complex in coming years, the city and the Symphony Ass..
Damage from last year’s massive Front Range hail storm cost $2.3 billion — $900 million more than first estimated
The massive hail storm that pummeled the northern Front Range a year ago generated nearly $900 million more in damage than first estimated, as claims from homeowners doubled in the months that followed.
Insurers initially estimated they would receive claims for $1.4 billion in home and auto damages, surpassing the previous record holder, a storm that hit metro Denver on July 11, 1990, and generated an inflation-adjusted $1.1 billion in claims.
But a year on, the claims made on auto and home insurance policies are running closer to $2.3 billion, or 64.3 percent above the first estimate, according to the Rocky Mountain Insurance Information Association.
So many homes and autos were damaged that repairs in some cases took months to complete, and the final costs exceeded the initial estimates, said Carole Walker, executive director of the Rocky Mountain Insurance Information Association.
Auto body shops were so backed up that some cars weren’t repaired until this spring, while some roo..
Wealthy out-of-town buyers pushes up Boulder home prices
BOULDER — The average price of a single-family home in Boulder has risen to $1.2 million thanks to a spate of sales of $2 million-plus homes.
The Daily Camera reports that activity in the $2 million-and-over market ticked up precipitously, with 18 such first-quarter sales in the city. That’s up from five during last year’s first quarter, and more than triple the five-year high. Two-million dollar home sales have not exceeded single digits in any of the previous five years.
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Going, going, gone — new homes for under $300,000 effectively disappear from metro Denver ..