Real Estate Blog

COMMERCE CITY — The train’s been rolling through this city for nearly two years, but aside from daily use by hardcore commuters, there isn’t much to lure passengers off the rails and into this fast-growing city north of Denver.

There are no coffee shops, no restaurants, no bodegas or grab-and-go stores as riders step onto the N-Line’s 72nd Avenue station platform. Swaths of empty land abound all around, full of potential but nothing more.

That yearslong logjam broke loose last week when elected officials in Commerce City approved a 100-unit affordable housing project near the station. The city council also pushed through an emergency measure to allow commercial uses in an otherwise residentially zoned area.

The 72nd Avenue stop is Commerce City’s lone train station in the Regional Transportation District’s sprawling light and commuter rail network.

“I think that stop presents tremendous opportunity not just for Commerce City, but for the whole region,” Mayor Benjamin Huseman said i..

New home sales in Dallas-Fort Worth dropped last month as new home inventory continued to increase, but new home prices kept rising to hit another new high.

The Centene site could add to an existing product type in the Charlotte market if several uses are developed on the vacant land.

A movie-theater operator with dozens of locations across the Carolinas is said to be headed for bankruptcy as it continues to struggle with low attendance in the wake of the pandemic.

West Sacramento has approved lower development fees in two key areas, including one immediately opposite Old Sacramento on the Sacramento River.

Colorado homeowners who are tapping their home equity this year aren’t holding back, borrowing about 50% more on average than consumers in other states.

“People are chomping at the bit to get home equity loans,” said Jacob Channel, a senior economist with LendingTree, which studied how much people are borrowing against their home equity on its online lending platform. Nowhere are they chomping more than in Colorado.

It is rare to see home equity loans above $150,000 or even $100,000 and the U.S. average this year is $83,872, Channel said. But in Colorado, the average is $128,482 this year, the highest of any state.

After Colorado, the next highest loan averages are in Hawaii at $119,172 and Connecticut at $112,721. At the other extreme is Iowa, where the average home-equity loan amount this year is $30,904, followed by Alabama at $55,098 and Nebraska at $56,509.

Home equity loans, because they come behind mortgages for repayment after a default, carry a higher risk for lenders and ..

A custom-built log cabin and lake property north of Madison in the city of Lodi is on the market for $8 million. The 92-acre property has frontage on Lake Wisconsin and is a “hunting and fishing paradise,” the listing states. Get a look at the home and property, which includes a 100-yard rifle and pistol target range, three tree stands, a barrel sauna, hot tub, volleyball court and a putting green.

After ramping up in 2021 in response to pandemic-related consumer demands for home updates, the local home remodeling industry is still going strong, said Michelle Brown, the new executive director of NARI Milwaukee, the local chapter of the National Association of the Remodeling Industry.

There have been three sales so far this year that have topped $30 million.

Built in 2019, YOLO East is surrounded by the Santa Monica Mountains and close to the Malibu coast.