Real Estate Blog
Biz: Forbes high on Duke University; Cary’s Fenton opens 1st restaurant
Duke University has a prominent spot on a new Forbes ranking of colleges. And Fenton’s first restaurant is now open in the sprawling new development in Cary.
Site of Wegmans at Montgomery Mall sells for $22.6M
The deal marks the latest grocery store property across the Philadelphia region to trade hands in recent years.
Home Depot forecasts more record growth after home equity surge
Atlanta-based The Home Depot Inc. (NYSE: HD) enjoyed record sales in 2021. That winning streak continued through the first half of this year.
Home Depot executives credit a home improvement craze set off by surging equity. The average metro Atlanta homeowner has gained more than $100,000 in equity since the start of 2020.
“The homeowner has never had a balance sheet that looks like this,” Home Depot CFO Richard McFail told analysts in May.
Read more: Home equity surge made Atlanta crazy…
A surge in home values made Atlanta crazy for swimming pools
The pandemic has changed our relationship with our homes. Suddenly, we want to renovate them, more often with a new pool.
Record home equity in Atlanta fuels a wave of major improvement projects
The pandemic lockdown-era housing market fueled a home equity explosion. Any owner who had ever considered putting in a swimming pool, adding another bedroom or any other major renovation quickly grew the capital to execute those plans.
“Homes have become more valuable, and that fits into the remodeling wave that we're seeing, which has been much stronger than expected,” said Mark Vitner, managing director and senior economist for Wells Fargo and Co.
Read more: How a surge in home equity…
Hawaii Kind Grinds opens at Queens’ Marketplace on Hawaii Island
The café was launched by Brittany Isaac, who also owns a yoga and barre studio in the center.
Downtown Portland office workers’ return slightly outpaces Seattle
Both cities remain way off pre-pandemic levels.
Portland residential real estate player Think launches commercial firm
Business records show the company actually came into being way back in April.
Poms & Associates moves headquarters to Calabasas
Relocating from Woodland Hills, the firm is reducing its office footprint by approximately 30% with a layout designed to accommodate a hybrid workforce.
Former Old Town Pizza space in Auburn listed for lease
The former home of Old Town Pizza in Auburn is listed for lease after the business relocated earlier this year, according to online materials.