Real Estate Blog

Millennium is second suburban hotel to go on the auction block this year.

The retail building was constructed in 2020.

A spike in industrial rents has caused warehouse values to boom.

To the untrained eye, the nondescript boxes and containers scattered around some oil and gas wells in Colorado look a lot like the equipment typically found at a well pad — boxy, utilitarian and industrial.

But inside these particular containers, a kind of otherwordly magic is happening.

Dozens of high-powered computers quietly crunch complex math problems in an act of cryptocurrency “mining,” whereby virtual currencies like bitcoin are created and added to a kind of worldwide cryptocurrency ledger. A bitcoin miner is essentially in a race with others to solve these math problems — and the winner gets bitcoins as a prize for their efforts.

The mobile data center on wheels is powered by a generator that whips up electricity using natural gas pulled up from the ground — gas that often has nowhere else to go but into the atmosphere.

In Adams County, this novel mashup of old-school legacy fossil-fuel extraction and futuristic digital-currency creation is a bit too new — at least for no..

The cost of the land in Phoenix, Ariz., and the value for what they would get just wasn’t adding up to developer Bill Wichterman and his partners.

So, in 2005, they gave up on building their commercial mixed-use development project there. But, a year later, they settled on a new site for Porteos: Aurora, near Denver International Airport.

Wichterman’s group wasn’t the only one with that idea. Around the same time, other developers from Arizona bought acreage around the airport, the 10th busiest airport in the country at the time. Meanwhile, groups in Arizona were purchasing land around a much smaller airport, and paying nearly five times per square foot what Wichterman’s group paid in Aurora.

“We all focused on Colorado and the area around the airport because we figured that was going to be definitely the path of future growth,” Wichterman, president of The San Juan Company, said.

Almost two decades later, he was proven right. Aurora, east of Denver, is the state’s third-largest ci..

Several deals have cleared the $400,000 per unit threshold — something that previously was unheard of in metro Orlando.

Austin City Council wants more fees for developers that will go to support local parks — but it's becoming controversial with city commissioners and comes at a time when Austin is put up as an expensive place to own or lease property. Some projects would see costs rise by hundreds of thousands of dollars, possibly up into the millions, under the current proposal.

Foreclosure activity continued to climb in the first half of 2022, inching closer to pre-pandemic levels.

“We’re attracting more luxury buyers than ever before,” one agent said.

Houston-based Maple Development will build a 1,200-home community in the village of Bonney, despite Brazoria County’s large minimum lot-size requirement.