Real Estate Blog

The property at 1833 Emerson St. in Denver, the scene of three-alarm fire that destroyed an under-construction apartment project and killed two men last year, will be rebranded in the coming weeks as the development company that owns the property prepares to rebuild there.

The Emerson Place Apartments project near the intersection of Emerson Street and East 18th Avenue was set to be a five-story building containing 84 apartments in North Capitol Hill before its exposed wood frame ignited on March 7, 2018. The flames eventually climbed 200 feet in the air in one of the largest fires in recent Denver history. Two workers on the site that day, 37-year-old Dustin Peterson, an electrician, and 29-year-old Roberto Flores-Prieto, an insulation installer, died in the fire. Six other people were hurt.

The cause of the inferno remains unknown, according to Denver Fire Department officials.

The property has been largely quiet since investigators wrapped up their on-scene work. The only thing t..

The typical U.S. homeowner is staying put in the same place five years longer than at the start of the decade. But metro Denver residents aren’t typical.

Back in 2010, U.S. homeowners had spent a median of eight years in their homes, according to a study from Redfin, a national real estate brokerage firm based in Seattle. But this year, the median tenure is now at 13 years.

In Salt Lake City and Houston, the median tenure exceeds 23 years, and it is above 20 years in Fort Worth, San Antonio, and Dallas, according to Redfin.

By contrast, metro Denver residents are tumbleweeds. The median tenure went from 8.7 years to 9.3 years. The increase was only 6.9%, the smallest of the 55 metro areas Redfin examined.

In Indianapolis, the median tenure is up 92.2%, while in Austin, Texas, it is up 89.7%.

“When homeowners stay put, that can reduce the number of homes for sale, making a market more competitive for buyers,” said Daryl Fairweather, chief economist with Redfin, in the study.

That ..

The Arlington submarket's value proposition for tenants isn't as great as it was pre-HQ2.

The city of St. Paul and Ryan Cos. US Inc. have reached an agreement on a $1.4 billion redevelopment of the 122-acre former Ford Motor site in the Highland Park neighborhood.

That agreement includes a subsidies package that starts at $60 million for infrastructure and could include as much as $142 million more for affordable housing both at the Ford site and across the city (city officials have not specified how exactly the affordable housing dollars would be allocated).

Though city leaders…

“Memphis has always been on our radar,” the company's development manager said. “We’re very excited to finally have a presence.”

The developers of Strata, a 25-story office tower proposed for 13th and Main streets in Kansas City, put together a reworked incentives request after facing resistance from the newly elected City Council and Mayor Quinton Lucas.

Formerly known as Eightfold, the rebranded Austin Viie campus — which once vied for Amazon HQ2 — is being marketed to big technology companies. The intriguing design and the scope of the developer's plans stand out in a city already brimming with ambitious real estate projects.

Weingarten Realty Investors (NYSE: WRI) recently acquired two properties, one in San Jose, California, and another in Houston, and sold two others amid efforts to improve its portfolio before the end of the year.

Since the end of the third quarter, Weingarten bought both shopping centers for a total of $127 million, per a press release. The Houston property, Shops at Hilshire Village, is a Kroger-anchored shopping center at the northwest corner of Wirt Road and Westview Drive in the Memorial Villages…

The grant helps add legitimacy to the big-ticket projects underway in the county, the developer of the Inland Port of Arizona said. Two vehicle makers are already planning to build major production facilities in that area.

A top Portland architecture firm tapped for VA upgrade.