Real Estate Blog

This week's real estate news.

The pair, according to their plea agreements, illicitly lowered labor costs by conspiring with each other to pay their employees partially “off the books.”

The sensor technology company had been operating out of the University of Washington's mechanical engineering department.

The per-square-foot price works out to $2,100, or $300 more than what a life sciences developer paid for nearby property.

The developer will break ground soon on the 110-unit apartment complex.

The seller is a New Jersey-based company.

The property is near an abandoned airport.

The 30-year fixed mortgage rate averaged 4.99% for the week ending Aug. 4 — down from 5.30% last week.

Phoenix newcomers set their maximum budgets at $805,257 on average, according to a new Redfin report.

Veteran developer Peter Kudla knew downtown Englewood well as a regular at the bingo nights that the Elks Lodge No. 2122 hosted. But for years the city remained a place he passed through but didn’t focus on. His investments centered on burgeoning communities elsewhere in the south metro area, places that weren’t landlocked, built out, and for a lack of a better word — tired.

As he searched for new opportunities, Kudla had an Englewood epiphany. Underused parking lots, strip malls and commercial sites were everywhere, offering a lower-cost way to acquire land. Downtown Denver and the Denver Tech Center, major employment hubs, could be reached in about 20 minutes. The city had a unique character that would appeal to younger generations. And it was due for a reinvention, something city officials wanted to see happen.

“This is a land of opportunity,” he remembers thinking as he began to view the city in a new light and focus his efforts there.

After completing an apartment building abou..