Real Estate Blog

House Money is the Nashville Business Journal's examination of real estate stories and trends around the country, putting Middle Tennessee's explosive growth in the context of the national market.

The developer paid nearly $24.6 million for a 49-acre site in north Charlotte, which is zoned for 516 residential units.

A home built by Tampa's Lykes family is on the market after an extensive renovation by a local developer.

The home at 4707 Bayshore Blvd. is listed for sale at $6.995 million by The Hughes Shelton Group with Compass. Steven Anthony Luxury Homes paid $3.75 million for the home in July 2021. The renovations were designed by Enrique Crespo.

“We are thrilled to bring this iconic estate to market,” Jeff Shelton, principal agent, said in a statement. “The developer and design team did an amazing job…

The record-breaking pace of the housing market is showing signs of slowing down, but that trend hasn’t caught up with homes on Lake Minnetonka, yet.

Between January and April, homes in the 14 towns comprising the Lake Minnetonka community sold 48% faster than the same period last year, according to data from the Minneapolis Realtors Association. That’s much faster than homes in the overall 13-county metro, which sold 7.6% faster this year than last year.

The volatile stock market and higher…

As Atlanta's spring housing market kicks into gear, home sales fell to their lowest level in years.

A building in RiNo that was previously home to an art gallery has changed hands.

RiNo Wynkoop Investors LLC purchased the building at 3675 Wynkoop St. on Monday for $3.15 million, according to public records. NBKC Bank provided financing for the deal.

The building is 10,352 square feet across two floors, making the deal worth $304 a square foot. It sits on a 0.28-acre lot that also includes a 14-space parking lot.

The building was previously occupied by Helikon Gallery & Studios, which announced in September 2019 that it would close by the end of that year. The business, opened in 2013, rented studio space and allowed artists to showcase their work.

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Helikon owner Cayce Goldberg’s grandfather built the structure in 1974, according to Westword. The gallery cited high property taxes as a primary reason for its shuttering.

David Nybo and Eva Salas Nybo are members of the LLC that purch..

A small parking garage could soon be replaced with apartments in a section of Cap Hill that’s a hotbed for planned redevelopment.

Englewood-based Palisade Partners wants to erect an eight-story, 110-unit building at 720 N. Grant St., according to a concept plan submitted to the city last week.

Palisade purchased the 0.36-acre lot in 2014 for $700,000, according to public records. Craine Architecture drew up plans for the structure.

Sara White, project manager for Palisade, said the two-story parking garage at the site was previously leased for use by a nearby office building. But when repairs became necessary in recent months, the company opted to just fence it off.

Palisade is eyeing puzzle lifts — mechanical systems that stack multiple cars — to provide about 80 parking spaces for the proposed building.

“They really help park a tight site like 720 Grant,” White said.

White said the company is hopeful it could begin work early next year, although that is dependent on city approv..

The Belmar shopping center, one of Lakewood’s most prominent retail developments, is in foreclosure, Jefferson County documents show.

The center’s failing finances, first reported by 9News on Tuesday, were outlined in a public notice filed by the Jefferson County Public Trustee’s office in late October. The notice showed that the registered property owner, Belmar Commercial Owner LP, owes $108.8 million on an original $111 million loan.

The debt holders on the property have filed the necessary paperwork to force a sale under the terms of the deed, the Oct. 26 trustee’s notice says. A public auction date was set for Feb. 25, according to the public trustee.

Belmar opened in 2004, an open-air shopping district designed to serve as a defacto downtown for Lakewood. It took the place of a defunct retail center, the former Villa Italia mall at the southeast corner of South Wadsworth Boulevard and West Alameda Avenue.

Today, the center’s website says more than 80 local and national compan..

Colorado Rockies co-owner Dick Monfort’s McGregor Square development next door to Coors Field has dealt with COVID-19 delays, a lost shipping container and now angry Rockies fans.

The late-January trade of superstar third baseman and face of the franchise Nolan Arenado ratcheted up fan scrutiny on the owner’s involvement in the three-building project south of the ballpark.

After consecutive losing seasons, the club shipped Arenado and $50 million to the St. Louis Cardinals for left-handed pitcher Austin Gomber and a quartet of prospects this offseason. After being in the top half of Major League Baseball teams for payroll at the end of 2019 season, according to Sportrac, the Rockies are now projected to open the 2021 season in April with the 18th highest payroll, dropping below league average.

The move has sparked outcry from the team’s fanbase, including vows on social media to boycott home games in 2021 and accusations that Monfort is too financially and mentally invested in his r..

The former CFO of CBS has listed his Cherry Creek mansion for $5.1 million.

Fredric G. Reynolds and his wife Lundy purchased the property at 480 Cook St. under the Reynolds Family Trust in 2016 for $4.33 million, according to property records.

The 10,116-square-foot mansion was built in 2002 and recently renovated by Paul Kobey of Denver-based Kobey Development. It features four bedrooms and six bathrooms.

Provided by CompassThe mansion has a gourmet kitchen.Reynolds was executive vice president of CBS and its predecessor companies, Westinghouse Electric Corp. and Viacom, for more than a decade, retiring in 2009. He also served as president of Viacom Television Stations Group from 2001 to 2005, according to a company bio.

Prior to CBS, Reynolds worked in various positions for PepsiCo for 12 years. He currently sits on the board of directors of multiple companies, including Pinterest and Mondelēz International (formerly Kraft Foods).

The Reynolds also have a nonprofit called the Fr..