Real Estate Blog

If you're wondering why apartment communities in the Triangle keep fetching huge price tags, here's a hint: Investors know the demand is going to stay strong for a long time.

The century-old power plant along the South Platte River that buttresses downtown Denver faces the prospect of demolition, but its neighbors in Lincoln Park and Sun Valley would instead prefer to see it transformed into a community space.

Whether that’s a viable plan remains to be seen. The city has the option to buy the Zuni Generating Station at Zuni Street and West 13th Avenue from Xcel Energy, which has paused its demolition plans, and take over the cleanup of the station built in 1900. Any discussions to undertake such a purchase are in nascent stages.

Originally known as the LaCombe Power Plant, it served the Denver area with electricity and steam heat until it was retired in 2015, Xcel spokesperson Michelle Aguayo said. The Zuni plant’s last steam unit was replaced by a new boiler at Xcel’s Denver Steam Plant at 19th and Wewatta streets.

In January 2021, Xcel received approval from the Colorado Public Utilities Commission to decommission, dismantle and demolish the Zuni plan..

A 7,260-square-foot home in Colgate on 17.4 acres with a saltwater pool is listed for $1,250,000. Get a look inside the home, which has xx bedrooms. exercise room, game room with included pool table, a family room with a bar and beer tap and temperature-controlled wine closet.

In this week's House Money: How the housing shortage is affecting millennials, how San Francisco became the most expensive city in the U.S. for buyers — and more.

A big chill continued to descend on metro Denver’s housing market last month as home sales fell sharply and the number of listings continued to soar, according to a monthly update from the Denver Metro Association of Realtors.

There were 4,279 homes and condos sold in July, down 21.2% from June and 31.6% compared to July 2021. The number of active listings rose 21.5% from June to 7,361, an increase of 81.5% year over year. There were more than twice as many homes available at the end of July as at the end of April.

Prices are also starting to come down in a more noticeable way. The median closing price of a single-family home sold in July was $650,000, which is down 3% from June and up 8.5% from a year earlier. As recently as April, the median sales price gain was up 18.5% year-over-year.

For condos and townhomes, the median closing price of $408,000 was down 5.1% from June and remains up 7.4% over the past year. Three months ago, the annual rate of appreciation was running 17.5% fo..

Six Greater Cincinnati developers have applied for the state's new transformational mixed-use development tax credits, seeking a combined $86.4 million.

Houston-based Levcor announced that Post Oak Plaza will soon add a coffee shop, a luxury appliance store and a fitness studio to the development.

“This really does make us open for business.”

New York City investment firm KKR & Co. has purchased Solis Southline from J.P. Morgan Asset Management for nearly $130 million.

NC Land Acquisitions Mooresville LLC is seeking approval for a large residential project that spans more than 125 acres near Lake Norman, town documents show.