Real Estate Blog
Out-of-town investors snag $18M apartment deal
Two out-of-town firms have partnered on a deal to buy a 143-unit multifamily development in St. Peters.
For developer Hoffman, his work on East Side is about building community
Government and financial institutions in Kansas City often lack commitment and vision, developer John Hoffman says. But that hasn't stopped him from working on areas east of Troost Avenue.
New York investment giant spends nearly $80M for Triangle apartments
A global investment group has bought a recently-built apartment community in the Triangle for nearly $80 million.
Maui home sales rise in October as median price declines 5.5%
Sales of single-family homes on Maui rose by 18% in October as the median price declined by 5.5%, compared to the same month last year, while the median price of a condominium rose 3% on fewer sales, according to statistics from the Realtors Association of Maui.
There were 104 single-family homes sold on Maui last month, an 18.2% increase from 88 sold in October 2018. The median price of those homes was $732,000, which was a decline of 5.5% from $774,223 in October 2018.
The median price of a condo…
Pappas Investments buys 24 undeveloped acres in Carmichael
Pappas Investments has bought a 24.48-acre property in Carmichael with no current development on it but zoning for several possible uses.
Zillow homebuying platform accounts for half of its Q3 revenue
Zillow Group sold 1,211 homes during the third quarter through its direct homebuying platform, marking the first time it has accounted for more than half the company’s total revenue.
Zillow Offers generated $384.6 million of the company’s total $745.2 million total revenue for the quarter, a 55 percent increase from Q2 revenue and 34 times what the venture made in its infancy during the same quarter last year.
Zillow CEO Rich Barton said as the company continues to scale it’s expecting to…
Real estate developers planning multiple housing projects in Folsom
A series of land deals in recent weeks with more in the offing, involving several homebuilders, suggests there are plenty of new rooftops planned for what’s now being called Folsom Ranch.
Patti Payne’s Cool Pads: ‘Magical’ 17-acre estate on Vashon Island lists for $4M
A 17.5-acre estate on Vashon Island, inspired by the meditative gardens of Asia, is on the market for $3.95 million and is a blend of Northwest native landscape with Bali and Java. Windermere brokers Linda Bianchi and Denise Katz have the listing.
The land was owned and transformed by the late David Smith who owned Seattle-based David Smith & Co., one of the largest importers of high-end Indonesian antiques and furniture in the country.
It was purchased by Missy Rust in 2013 when a friend found…
Recall election of town leaders in Elizabeth over growth concerns is a go
The recall election for all seven elected leaders in tiny but growing Elizabeth, 40 miles southeast of Denver, will go forward.
A hearing officer determined Thursday that signatures gathered to recall the mayor and six town trustees were sufficient, and she denied protests that had been lodged by the board this month.
The recall election — which will occur on two different dates — was prompted by worries about how fast the town of 1,700 in western Elbert County is growing. A group dubbed We Are Not Parker, a name serving to snub Elizabeth’s sprawling neighbor to the north, wants slow-growth leaders to take the helm in Town Hall.
Caleb Shipman, vice president of the Elbert County Citizens Coalition, which is working with We Are Not Parker, said Thursday the recall election for two of Elizabeth’s trustees will take place Dec. 17, and Mayor Megan Vasquez and the other four trustees will face their possible ouster April 7.
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“Vintage-inspired” arcade to power up in Stanley Marketplace space now home to Infinite Monkey Theorem wine taproom
Just days after winery Infinite Monkey Theorem announced it will be packing up its bottles and moving out of its taproom in Aurora’s Stanley Marketplace after this weekend, Stanley officials have announced what’s replacing it: Galaga.
Well, not just Galaga. That classic outer space fighter pilot game will be joined by a Pac-Man and a variety of other classic and contemporary arcade games in a new business dubbed Stanley Arcade. The “vintage-inspired” game room is slated to open Nov. 1 with a bash that will include a DJ and prize giveaways, according to a news release.
Stanley Arcade will be the first full-service, public arcade from Andrew Shear, the owner of Mile High Arcade, a video game machine rental and game room design business based in Park Hill.
“This will be an exciting arcade with all of the classic arcade machines that we have come to love, along with some brand new games,” Shear said in a statement. “It’s going to be a beautiful mash-up of old meets new with pinball mach..