Real Estate Blog
Triangle retail vacancy rates dropping, new developments springing up
Consumers have begun flocking back to movie theaters, restaurants and entertainment attractions, boosting traffic and spending at the Triangle’s newest destinations.
Shopping center on busy Hoover highway sells for $12.9M
Several shopping centers in the Birmingham MSA have traded hands in recent months. Another just took place in Hoover.
South Florida real estate projects in the pipeline for the week of Aug. 12
This week's real estate news.
Where housing inventories rank Triad and NC metros among cities nationally with lower cost of living
With housing affordability a major concern for attracting talent, here's a look at how metros in the Triad and across N.C. rank for home inventories among cities nationwide that have below-average cost of living.
Davis Development quietly working on 6 new apartment complexes in Houston area
Atlanta-area based Davis Development and its sister company, TX Morrow Construction, have sold all of its previous Houston-area apartment complexes.
Texas company looks at 750,000 square feet of industrial space along interstates in Graham
Alamance County's interstate corridor continues to draw attention from developers, including this most recent plan for five buildings by a Texas company.
Newport Plaza, Newport Shopping Center sold for $54.6 million
A Lexington-based commercial real estate company purchased a pair of Northern Kentucky shopping centers for more than $54 million.
Report: Tampa Bay homebuyer competition falls to lowest level since the start of the pandemic
Homebuyers have faced intense competition over the last few years in the red-hot housing market, but a new report shows those times may be waning.
The report by Redfin, a technology-focused real estate brokerage, highlights that nationally, 44.3% of the home offers written by Redfin agents faced competition on a seasonally adjusted basis in July, compared with a revised rate of 50.9% one month earlier and 63.8% one year earlier.
This is the sixth-straight monthly decline and the lowest share…
Here are Tampa Bay’s million-dollar ZIP codes
The number of ZIP codes in the Tampa Bay area with typical home values over $1 million doubled from five in June 2021 to 10 in June 2022, according to the Zillow Home Value Index.
Prior to 2021, there was only one, 34216 in Anna Maria, above that level, and none as recently as 2015. Sarasota and Pinellas counties are home to three of the 10, while Hillsborough and Manatee account for two each.
Every ZIP code in the region saw its home values more than double over the last 10 years, with an average…
Amazon targets Fairfax County big-box center for new grocery store
The e-commerce giant is expanding its supermarket presence in the region's largest jurisdiction yet again.