Four development sites nearing sale in resolution of SEC case against owner
Buyers have been arranged for properties in West Sacramento, Citrus Heights, Carmichael and Lincoln, according to court filings in the Securities and Exchange Commission's fraud case against the properties' owner.
With real estate market in ‘extra innings,’ investors struggle to find good deals
The hot real estate market is now in “extra innings,” experts said, which has investors worried.
Developers and investors have been raking in large profits on deals in the years since the market bottomed out about a decade ago amid the Great Recession.
Now, the big questions are how long can the hot market continue and how can investors keep making money, said Kenneth McCarthy, principal economist with Cushman & Wakefield, who spoke on a panel Thursday during the Eisner Amper West Coast real…
Photos: Would you buy this $5 million estate in Marin County after a half million dollar price cut?
For prospective buyers looking for a slice of East Coast design in one the most exclusive communities in the West, this shingle-style home on the market wouldn’t look out of place among the historical cottages in the Hamptons.
Located in the tony enclave of Ross in Marin County, the 3,600-square-foot property offers comfort and privacy in a relatively newly constructed home. The home was initially listed at $5.5 million before a recent price cut to $4.95 million.
Constructed in 2007, the 5-bedroom,…
How $1B The Grow agrihood project is blossoming after being delayed
The Grow, a proposed 1,200-acre agrihood community, is moving forward with plans after a major win from the state.
Would you buy this $5 million estate in Ross after a half million dollar price cut?
For prospective buyers looking for a slice of East Coast design in one the most exclusive communities in the West, this shingle-style home on the market wouldn’t look out of place among the historical cottages in the Hamptons.
Located in the tony enclave of Ross in Marin County, the 3,600-square-foot property offers comfort and privacy in a relatively newly constructed home. The home was initially listed at $5.5 million before a recent price cut to $4.95 million.
Constructed in 2007, the 5-bedroom,…
KC’s Mark Twain Tower goes into foreclosure, awaits auction
A brochure circulated by Dallas-based Holliday Fenoglio Fowler LP announces a June 5 auction during which it will sell an “indirect interest” in the $11.9 million balance owed on the historic, 22-story building.
Mokihana Resort reopens as boutique hotel following $5M renovation
Kauai’s Mokihana Resort has reopened as a boutique hotel, called The ISO, following a $5 million renovation that began last year.
The ISO, which stands for Island Sky Ocean, is a 79-room hotel in Kapaa. Renovations included upgrades to the lobby, guest rooms, exterior and grounds.
Castle Resorts & Hotels took over management of the property in 2012.
“We’re excited to launch The ISO as Kauai’s newest boutique hotel,” Alan Mattson, president and COO of Castle Resorts & Hotels, said…
JLL broadens Hawaii services with industrial vice president hire
JLL is adding industrial properties to its Hawaii commercial real estate brokerage and has hired Cullen Oesterly as vice president of industrial brokerage.
Oesterly will be based in JLL's (NYSE: JLL) Honolulu office and will work with industrial tenants, landlords and investors statewide, the firm said.
The Honolulu office, which opened in 2013, has focused primarily on retail brokerage and management, office brokerage and hotels.
“The addition of Cullen reinforces our commitment to hiring the…
SMUD files $18 million suit against Union Pacific over waste cleanup
The source of the hazardous waste at a planned substation site in midtown was previously unknown. Now, SMUD says aerial photos from about 50 years ago indicate Union Pacific Corp. dumped hazardous materials on the property.
DIllons reducing its convenience store presence
Parent company sold its convenience store operations for $2.15 billion.