Real Estate Blog

New York-based Marcus & Millichap Inc. (NYSE: MMI) has sold a portfolio of opportunity zone properties in Jacksonville for $850,000.

The BC Rivermont Portfolio includes 19 lots, most of which are located in an opportunity zone. Opportunity zones were created by the 2017 tax reform legislation, which made certain low-income districts – including 21 in Jacksonville – tax havens for capital gains.

MMI's Allan Holbrook and Ryan Tomka represented the seller. The buyer is listed only as “a local developer”…

A Dallas-based investment firm has purchased more than 78.9 acres at the northwest corner of Chisolm Trail Parkway and McPherson Boulevard in Fort Worth.

Legacy Capital Co., which is led by Steven Saxon and Peter Aberg, adds the latest project, called Chisolm Trail West, to two other ongoing developments along McPherson, according to the firm's website. Those projects include The Corners at Chisolm Trail Ranch and Brewer/McPherson.

In a flyer on Legacy Capital's website, Chisolm Trail West has…

Like any friendly next-door neighbors, Arlingtonians and Alexandrians have plenty in common and generally get along just fine — but there’s just a bit of tension simmering under the surface too. Familiarity can breed contempt, after all.

Take a rare joint meeting between the county and city’s elected officials as a prime example of this dynamic. All involved hailed from the same side of the political spectrum and came out in strong agreement about top priorities they should pursue to manage…

Forever 21 at West County Center in Des Peres is on the company's list of possible store closings.

Forever 21 is likely to shut down six Greater Washington stores, according to the store closing list included in its most recent filings related to its Chapter 11 bankruptcy restructuring.

The specialty fashion retailer operates 549 stores across the U.S. — 251 more are operated internationally by affiliates. Up to 178 U.S. stores will close, including outposts in Manassas, Fairfax, D.C., Silver Spring and Bethesda.

“Like many retailers, the Debtors have struggled to support their outsized store…

A jury convicted an Overland Park woman for her part in a scheme that defrauded homeowners with financial difficulties.

Sara Cordry was found guilty of one count of conspiracy, one count of mail fraud and six counts of wire fraud, according to the U.S. Attorney’s Office. She faces as much as 30 years in prison.

Prosecutors said Cordry and three others formed companies called Reliant Home Financial Group and Arize Group. Although Reliant operated out of the St. Louis area, it listed a rented mailbox…

A total of 106 high-end real-estate transactions were registered in Erie County last month, according to listings released this morning by the county clerk's office.

High-end deals are informally defined as property sales for $400,000 or more. Included in the September database are 11 properties that sold for at least $1 million.

Click the View Slideshow button to see a full rundown of last month's high-end deals.

Transactions are shown in ascending order of value. Each slide has the property's…

From townhouses and apartments to single-family homes, a plethora of projects should bring a mix of more housing options to the Charlotte area in the future.

Local homebuilder Saussy Burbank is growing Charlotte's stock of townhouses with the second phase of its NoDa development called Highland Park. Eighteen new units are in the works now to bring the total number of for-sale townhouses there to 33.

A national homebuilder also has begun construction farther out in the Charlotte area. Scottsdale,…

Following a year of rapid growth, the Dayton branch of a national mortgage company is expanding outside of the region.

USA Mortgage in Centerville is opening a new office in Columbus, to be located at 20 S. Third St. The branch will staff four employees and is projecting to contribute $25 million in new business in 2020.

“We think that is an achievable number as we continue to aggressively recruit elite producers to expand our teams in Dayton, Cincinnati and Columbus,” Dayton Regional Manager…

The Charlotte region's biggest player in residential real estate has made another acquisition. Allen Tate Realtors has snapped up Realty One of Winston-Salem, an independent, family-owned company serving clients in the Triad area.

It marks a second such deal in less than a month for Allen Tate, which ranks No. 1 among residential real estate firms in the Charlotte region by number of full-time licensed agents as well as closed sales volume and number of transactions by local offices, according…