Real Estate Blog
Sobrato’s head of real estate is leaving the organization
Rob Hollister has headed Sobrato's real estate group for nine years. It's unclear why he's leaving or who will replace him.
TBJ Plus: Burlington trumps Raleigh for top home markets; Downtown Cary constantly changing; New Glenwood South restaurant
As home prices soar in many larger markets, it's the small cities and towns, often on the edge of large metro areas, that are making gains.
Large Lane4 mixed-use proposal near Plaza adjusts design, lowers height
Lane4 Property Group has refined its preliminary plan for a mixed-use high-rise near the Country Club Plaza after “fruitful” discussions with Kansas City officials. The 11- to 12-story proposal will seek a deviation up to 29 feet from the area's height standards.
Raleigh, Cary and Durham ranked among best places to live in the U.S. But miss the top 10.
Three Triangle cities are ranked among the best 50 places to live in the United States, but none cracked the top 10.
Metro Denver’s monthly home price gains coming down fast
Home price gains have finally met the law of gravity in metro Denver, with the monthly pace of appreciation in May at about half the level seen in April and a quarter of the pace seen in March, according to the S&P CoreLogic Case-Shiller home price indices.
Metro Denver home prices rose a still robust 22.2% year-over-year in May, not too far off the 23.6% gain measured in April, according to the closely-watched index. But measured month-to-month, appreciation rates are coming down fast — from a record 4.5% monthly rate in March, to a stellar 2.5% pace in April to a still strong but tamer 1.1% in June.
By any measure, the 1.1% monthly gain, were it to continue, would represent a very strong annual gain of 13.2%. But annualizing April’s gain results in home price appreciation of 30% year-over-year. Another way to look at the deacceleration underway — metro Denver in two short months has gone from its fastest pace of monthly appreciation on record to the 78th fastest in an index that go..
First SAOTA-designed luxury home to be built in Paradise Valley, valued over $50M
South Africa-based SAOTA — known globally for its award-winning designs — was tapped to design the 17,000-square-foot home in Paradise Valley. Here are the unique features going into the multimillion-dollar residence.
Pet-centric apartment community to open third location in Dallas ahead of a larger expansion
Fidus Pet Concierge Communities already have two locations in Grapevine and Garland with plans to open a Dallas-area property in 2022.
Partners to transform Fredericksburg property into tourist destination
Plans call for the restoration of two historic houses and the construction of rental cottages and an outdoor covered event venue.
Trident Mortgage agrees to pay $20M over alleged lending discrimination in Philadelphia area
It is the second-largest redlining settlement in the Justice Department’s history, federal prosecutors said.
Developer plans to revitalize Clearwater’s North Marina District
A developer has plans to transform 15 parcels in the district into a mixed-use, walkable community.