This homebuilder makes winning $79M bid for 269-acre parcel in northeast Phoenix
Homebuilder D.R. Horton (NYSE: DHI) scooped up 269 acres of state trust land in northeast Phoenix this week, bidding $79 million for the parcel in a recent public auction, the Arizona State Land Department announced Wednesday.
The land is near Desert Ridge Marketplace in northeast Phoenix, east of 56th Street and north of Deer Valley Parkway. The land's total appraised value was $54 million, according to the land department.
The sale included 269 acres, as well as 36 acres of right of way for public…
Concord apartment fire fits disturbing trend of arson at major construction sites, expert says
The first residents were supposed to start moving into the new Renaissance Square apartments this fall in downtown Concord until a Tuesday morning fire ravaged the mostly complete development.
Now, it could take at least another two years for those units to hit the market, if the project is rebuilt. Developers Legacy Partners and SyRES Properties have not said if they will restart the project.
It could be weeks or months before investigators determine a cause for the fire. Already, the federal…
Windermere Real Estate set to launch new logo, branding
The facelift – designed for a more modern feel – will be visible on everything from logos to colors to fonts on stationary, outdoor signage, business cards.
42 upscale townhomes planned in Roswell
The project by DELMAC LLC would be on 5.3 acres at the intersection of Mansell Road and Houze Road.
Surprise! Despite intense competition, San Francisco is named the best market for real estate agents
It’s become cliché to describe San Francisco’s real estate market as “red-hot” in a kind of shorthand that captures the lightning-fast closing times for homes and a median home price that drifts north of $1.3 million.
But still even as some experts continue to predict a downturn around the corner – at least for the time being – the market doesn’t seem to be slowing down much.
Owing to these metrics and a range of other data points like median wage and real estate employment growth,…
Meritage Homes to start model homes in Spring Branch after Houston City Council approval
Weeks after Houston City Council approved rules restricting new home construction in floodplains, the council unanimously approved a measure April 25 that will pave the way to develop hundreds of new homes on the site of a former golf course that falls within the city’s mapped floodplain.
Scottsdale, Arizona-based Meritage Homes (NYSE: MTH) got approval from the council to create a municipal utility district to provide basic infrastructure including water and sewage for the 900-home development…
ABQ lands near the bottom for real estate agents in new ranking
Despite Albuquerque's housing market booming with activity this year, it landed at the bottom of a new list of top places for real estate agents.
Out of nearly 180 U.S. cities, Albuquerque and Las Cruces ranked No. 167 and 173, respectively, on WalletHub's list of 2018's Best Places to Be a Real Estate Agent.
For its study, WalletHub took the 150 most populated U.S. cities along with two of the most populated cities in each state, comparing a total of 179 cities. The cities were ranked based on…
Grappling with soaring housing costs, San Jose again enacts new rules for apartment landlords
The San Jose City Council passed three new rules designed to protect the city's most vulnerable residents without encouraging landlords and developers to take their business elsewhere.
Travis County wants to know where housing market misses the mark
Travis County wants to contribute to a multi-agency study on the area's housing portfolio, gaps and needs.
Travis County commissioners on Tuesday approved starting discussions with the city of Austin, the Housing Authority of Travis County and the Travis County Housing Finance Corporation about starting a joint study of the local housing market, according to the Austin American-Statesman.
The study will provide data on the county's existing housing stock and gaps in the market based on price,…
Popular NM restaurant to take over former Applebee’s location
Cocina Azul is taking over the former Applebee's location near the Paseo Del Norte and Interstate 25 intersection.
Restaurant representatives confirmed that it expects to open at that location by “Cinco de Mayo” (May 5), with a soft opening shortly before. The popular local restaurant has two existing locations, 1134 Mountain Road NW and 4243 Montgomery Blvd NE. The restaurant will lease the 5,000-square-foot property. A liquor license notice is posted on the building, with Cocina Azul listed as…