Real Estate Blog

The National Center for Employee Ownership reports there are more than 2,420 privately held companies with large (100+ participants) employee stock ownership plans (ESOP), with more than 1.3 million active participants. Twelve percent of those companies are construction firms, according to NCEO.

There are 98 ESOPs in Kansas, including McCownGordon Construction. The founders, Pat McCown and Brett Gordon, converted the company to an ESOP in 2015. There were obvious perks for associates, including…

Krish Pandya’s company is working on everything from a Scottish pub to a software startup.

Outdoors, there is a large kitchen pavilion, lakeside boathouse with a bathroom and kitchen, and 150 feet of shore off the lake.

Described as a “modern Gothic Revival,” the owner invested $35 million in the property.

A 9,256-square-foot Paradise Valley mansion, topped the list for the highest-priced home sold in January 2021. See the rest of the top selling homes in January, including buyers and sellers.

Editor's note: As winter hangs on in Minnesota, the Business Journal presents Dream Getaways, a look at luxury properties in areas around the country where Minnesotans might like to spend time in the winter, or in this case, any time of the year. This installment is courtesy of the Denver Business Journal.

The Colorado Golf Club's largest home has hit the market with an asking price of $5 million.

Built in 2009, the 16,544-square-foot, six-bedroom, 10-bathroom residence at 7750 Preservation Trail…

The projects will bring more than 1,000 new units to North Texas.

Despite the devastation caused by the coronavirus pandemic in the Kansas City metro, a newly released report from Block Real Estate Services LLC said the real estate sector remained strong. Here are four property sector takeaways from the 102-page report.

A company controlled by Matrix Essentials co-founder Sydell Miller sold a vacant home lot in Palm Beach for $42 million.

The 1.71-acre property at 1440 S. Ocean Blvd. was sold by 1440 Holdings LLC, affiliated with Miller through her Ohio attorney Richard Armbruster, to the 1440 South Ocean Trust, with attorney Ronald Kochman as trustee. It’s not clear who owns the trust.

Miller’s company purchased the property for $10 million in 1999, so it more than quadrupled in value. It’s located along…

The 30-year fixed mortgage rate averaged 2.97% for the week ending Feb. 25 — up from 2.81% last week.