Real Estate Blog

The bills would aid the District's longest tenured companies.

After decades of building its presence in the Triangle, a Pennsylvania-based homebuilding giant is planning a major sale of two prominent country clubs in the region.

Another month and another jump in the price of a home in the Buffalo market.

The August snapshot of the residential real estate market showed a dougle-digit jump in the median sale cost and an even larger double-digit drop in sales.

The Buffalo Niagara Association of Realtors reported the median price of a single-family property rose 10.3 percent to $171,250 from $155,300 in the past year. Average sale prices increased 8.2 percent to $204,342 from $188,934 in the same period.

The continued lack…

The warm tones, wood-beamed ceilings and dark hardwoods of the Wichita Business Journal's latest Dream Home leave a lasting impression.

Listed for almost $1.4 million, the six-bedroom home offers 6,700 square feet of family-friendly luxury living. It's listed by Kathy Rosell of Reece Nichols South Central Kansas.

A circle drive and grand entrance sets the tone for the house at 9026 E. Crestwood Court, which is monitored by security cameras and motion detection. Inside, an open floor plan leads…

Whether it's due to workforce costs or building materials. homebuilders are struggling to keep costs down even as buyers in the Phoenix region are looking for more affordable housing options.

The Trump appointee leading the White House-backed opportunity zone initiative visited Denver on Thursday where he faced some tough questions and criticism of the program from City Councilwoman Candi CdeBaca and her chief of staff Lisa Calderón.

Scott Turner was named executive director of the White House Opportunity and Revitalization Council in April, a post that puts him at the center of the economic development program established by the 2017 Tax Cut and Jobs Act. Opportunity Zones seek to spur economic development in disadvantaged areas by providing tax breaks to investors who put capital gains into funds that invest in those areas, among other levers.

On Thursday morning, Turner joined more than a dozen federal and Denver-area officials for a roundtable discussion on the National Western Center campus. The 250-acre property is in an opportunity zone, though opportunity zone funding is not being called on to support the $1 billion overhaul that is now underway there.

“This is n..

ASPEN — When the time came for her to sell the mobile home park she and her son owned near Aspen, 89-year-old Harriett Noyes had two big offers and an even bigger decision: Take nearly $30 million from a developer who would likely evict her family and friends to build luxury homes, or sell to the county for a fraction of that to preserve affordable housing in one of the most expensive areas in the United States.

She chose family and friends.

“I could see the need for the people to have a place to live, and this was their life and they had homes,” said Noyes, who has lived in the Phillips Mobile Home Park for more than four decades. “I just didn’t have the heart to just jerk it out from under ’em.”

Carved into a red-rock hillside along the banks of the Roaring Fork River in the mountains of western Colorado, the park is one of the last bastions of affordable housing in the area, which takes pride in its world-class skiing and is a veritable playground for the rich and the famous. Noy..

When asked what they consider the best long-term investment, about 35 percent of Americans list real estate, while a smaller share, 27 percent, list stocks, according to Gallup.

That might explain why Motley Fool, which used an irreverent style to help make stock investing more accessible to the masses back in the 1990s, is now setting up a division in Lakewood focused on real estate investing called Millionacres.

“We see real estate as being similar to where equities were 20 or 30 years ago,” said Austin Smith, founder of Millionacres. “We see an opportunity to demystify this space so people can invest more intelligently.”

Millionacres plans to eventually employ between 35 to 50 people over the next few years, split among its Lakewood headquarters and locations in Philadelphia and Alexandria, Va., the base of Motley Fool Holdings Inc.

Most people associate real estate investing with owning a rental home, maybe even an apartment building, or doing fix-and-flip deals. Denver, home t..

Century Communities Inc., a homebuilder based in Greenwood Village, faces fines of nearly $133,000 for exposing employees to hazards of falling, according to a release the Occupational Safety and Health Administration issued Friday.

OSHA inspected a Century work site and found that the company “failed to conduct regular inspections of the job site and ensure that workers used adequate fall protection during framing and roofing activities,” the agency announced.

The news release did not specify where the job site was, and attempts to reach the agency for more details Friday afternoon were unsuccessful.

Century Communities, which faces $132,598 in penalties, has 15 business days from receipt of the citation and penalties to comply, request an informal conference with OSHA’s area director, or contest the findings.

In the midst of San Francisco's tight office market, tenants have to use every trick in the book to ink leases.

The so-called “landlord's market” saw vacancies of 3.6 percent in the second quarter, while rents hit $85.64 per square foot, according to brokerage CBRE — which makes the scarce availabilities highly competitive.

To stay in the game, some tenants have sniffed out subleases, like KeepTruckin's lease of Yelp's old space at 55 Hawthorne St. Others slide into production, design and repair…