Real Estate Blog

Financial challenges mount for Unico, Ritz-Carlton Portland opening delayed and other CRE news.

Low inventory and higher mortgage rates stymied Colorado’s typically robust spring housing market, according to the June report from the Colorado Association of Realtors.

The number of new single-family homes listed statewide last month dropped 24% compared to June 2022. The number of sold listings dropped 21% year over year. But the median sold price dropped only 1.1% to $583,125 in June from $589,500 in June 2022. Sellers received roughly 100% of their list price last month compared to 102% in June 2022.

While the housing market may appear frustrating, it’s showing signs of normalizing as buyers adjust to the new normal of higher interest rates.

“While a slowing market may appear concerning on the surface, it’s crucial to remember that the fast-paced, expensive conditions we’ve experienced over the past few years have been abnormal, and these changes are best characterized as a normalization of the market. Douglas County is and will continue to be one of the most desirable real es..

Residents of the flooded 33 Tehama high-rise in San Francisco were told their belongings will be temporarily relocated once again.

A Petaluma-based multifamily developer is aiming to start a first phase of an entitled Rocklin project next year, after recently closing on the property.

A recent analysis by CommercialEdge, which is part of Santa Barbara, California-based real estate software company Yardi Systems Inc., found Phoenix to have an average asking rental rate of $27.73 per square foot of June, closing out the first half. Here's how that compares to the national average and to other key markets.

CCIG spent more than $90 million on a pair of Contra Costa County office buildings last summer. This most recent deal is expected to close later this summer.

The popular business has been in the Keys since the 1980s.

This project would have 10 buildings.

Networks and streamers that have used the Vista Studios facilities include Food Network, PBS, the CW, Lionsgate, Billboard, Fox, Peacock, YouTube Originals, Amazon, HBO, AMC and TruTV, among others.

300-unit apartment project proposed for industrial property on Butler Street is scheduled for a briefing before the Pittsburgh Pittsburgh Commission after getting approved for zoning variances in April.