Real Estate Blog
Audubon Engineering moves Houston corporate office 7 miles up Beltway 8
Audubon Engineering also is gaining a larger footprint and naming rights at its new building in west Houston.
Castle on the Hill mansion listed for $24.5M in Silverleaf’s Upper Canyon
A 13,499-square-foot estate that sold for $21.5 million in October 2021 is back on the market. The seller has upped the ante, asking $24.5 million, which includes all the furnishings that were custom made for the house.
Downtown Denver office vacancy tops 30% for first time in decades
Nearly one out of every three floors of office space in downtown Denver is available.
At the end of the third quarter, total office vacancy in the city’s core was 30.6%, according to CBRE.
The real estate services firm said it’s the first time downtown total vacancy has hit 30% “in the post-2000 era.” A spokeswoman provided quarterly figures going back to 2006, which show vacancy was as low as 9.5% in early 2008 and during the Great Recession went only as high as 17.4%.
The rate didn’t top 20% until the first quarter of 2021, as the effects of the pandemic set in on the office market. The 30% mark came just two-and-a-half years later.
“Total vacancy” includes both “direct vacancy,” which is space no one uses that a landlord is marketing, in addition to sublease space, which is being marketed by a tenant that wants to vacate. Direct vacancy downtown was 26% at the end of the third quarter.
CBRE broker Allison Berry, who represents downtown landlords, noted it’s not as if something ..
Atlanta Hawks GM Landry Fields buys Buckhead mansion for $4.9M
Chaistain Park is one of Atlanta's most desired and affluent neighborhoods.
$50M rental community in Wendell mixes single-family homes, townhomes
A Charlotte investment company and a national homebuilder are partnering on a large residential project in fast-growing Wendell that will be all rental homes.
These West Valley cities saw strong population growth in past five years
The West Valley continues to dominate among the fastest-growing cities across the U.S., with two cities in the Phoenix metro ranked among the top three nationwide for population percentage gains.
Charlotte developer Asana Partner plans renovations, tenant changes after $110M Cotswold Village purchase
Asana Partners has acquired Cotswold Village for $110.4 million as part of its ongoing growth strategy.
Kroger announces opening date for $12M expansion of Mt. Washington store
The Kroger Co. has set a reopening date for another local store that has undergone major renovations.
Gray Ice Higdon moves into St. Matthews office (PHOTOS)
One of the firm's managing partners said its team didn’t want to be Downtown, and a St. Matthews development provided amenities like nearby coffee and restaurants.
Student housing near USF sells for $70 million
A student housing complex near the University of South Florida has sold for $70 million.