Real Estate Blog
The National Observer July 14, 2022
A little over 13 months ago, I made my introduction here. Less than seven weeks later I met my first child. War, inflation, formula shortages, life-saving vaccines and hordes of multibillion-dollar purchases were on their way.
Pickleball was still a fringe hobby.
Jump ahead 200-plus newsletters and we're here: my final day with The National Observer. I'm returning to the Atlanta Business Chronicle newsroom, this time as managing editor, where I'll be implementing a year's worth of acquired wisdom…
Colorado home insurance premiums rising at double the pace of inflation
Premiums for home insurance policies are rising at double the pace of overall inflation in Colorado, and consumers are footing one of the biggest annual bills of any state, according to a new study from Policygenius.
The insurance comparison website gathered information on what premiums users were facing when their home policies came up for renewal in May versus the same month a year earlier. Of the 25 states where enough data existed, the average increase was 12.1%. But in Colorado, the premium increases averaged 17.5%, which is more than double the overall rate of consumer inflation in May in the metro Denver area of 8.3%.
That was the third-largest annual increase after Arkansas, at 18.5%, and Washington state, at 18.1%. In dollar terms, annual premiums in Colorado went from an average of $1,355 last May to $1,593 this May. That premium amount was the second-highest of any state in the study after Minnesota.
“Colorado rate increases are more than double that of inflation. It is a..
Celebrity chef Guy Fieri plans new D.C. restaurant. A sportsbook is involved.
Come September, Fieri fans can chow down on his nosh while making bets.
Rite Aid CEO says new HQ is ‘not an office,’ fights ‘old-fashioned’ image
Rite Aid CEO Heyward Donigan wants to make it clear that the company’s new Philadelphia headquarters is “not an office.”
No full-time employees will work out of the the 23,000-square-foot space at the Philadelphia Navy Yard. Billed as a “collaboration center,” the space will be used to host team meetings, vendors, lab partners and other guests. All of its Rite Aid's (NYSE: RAD) 2,800 corporate employees are remote, a decision made amid the pandemic in 2021.
Donigan describes the space as…
Raleigh exec turned real estate investor raises $23M
Quietly, a Raleigh manufacturing executive turned real estate investor has raised most of a planned $27 million round.
First look: Insight Enterprises, a Fortune 500 company, unveils Chandler headquarters
The project s was almost three years in the making. But for CFO Glynis Bryan and Insight Enterprises, having a building that meet the needs of the future (and a new hybrid work model) was worth the wait. Click through to see inside the huge space.
After 2020 fire, rebuilt Encova apartments to open next spring
“Had the fire not happened, we would have been proud of this project, but now we are even more proud because our character as a company has come through.”
IDS Center owner evacuates half of Minneapolis office building after flooding
The IDS Center in downtown Minneapolis on Wednesday evacuated nearly half of its 51 floors due to flooding.
Raleigh’s Brownstone Hotel to be torn down for new development
The site of a longtime hotel near North Carolina State University in Raleigh is set to be turned into luxury student housing.
Dream Cabins: Pequot Lakes home on Lower Hay Lake lists for $2.95 million (gallery)
A four-bedroom, five-bathroom estate on Lower Hay Lake in rural Pequot Lakes has been listed for $2.95 million.
The 4,451-square-foot home was constructed in 2007 and offers 175 feet of sand frontage.
Amenities in the home, located at 35204 Silver Sands Road in Pequot Lakes, include two floor-to-ceiling stone fireplaces, vaulted wood ceilings and a lakeside primary suite.
The property will be sold furnished, with some exclusions, according to listing agent Robert Birkeland. Additional amenities…