Real Estate Blog

The ribbon cutting at Chase Center Tuesday marked the official opening of the Warriors’ brand new, $1 billion-plus arena in San Francisco’s Mission Bay neighborhood.

Warriors owners Joe Lacob and Peter Guber joined President and COO Rick Welts, Gov. Gavin Newsom and others to commemorate the completion of the state-of-the-art sports and entertainment complex.

The Warriors first announced their move to San Francisco on May 22, 2012, broke ground on the complex on January 17, 2017, and will open…

An affiliate of Clark Enterprises sold its downtown Bethesda headquarters building Monday to a joint venture between Stonebridge Associates and Rockwood Capital.

The 16-story building at 7500 Old Georgetown Road sold for an estimated $133.75 million, according to a source who spoke on condition of anonymity. The property is assessed at $75.5 million, according to the Maryland Department of Assessments and Taxation. It's the latest real estate disposition for Clark Enterprises following the 2015…

A joint venture of Honolulu-based Trinity Real Estate Investments LLC and funds managed by New York-based Elliott Management Corp. have acquired the largest resort in Phoenix, the JW Marriott Desert Ridge Resort & Spa, from Blackstone for a reported $602 million.

Trinity and Elliott, which formed another joint venture to purchase the Grande Lakes Orlando Resort, in December, announced the acquisition of the 950-room resort on Tuesday but did not disclose the price. However, Commercial Mortgage Alert…

If ultimately approved by the city, developers will secure additional tax increment financing for the project.

Supervisor: “I look forward to having a constructive conversation about a proposal that’s real. This one is not.”

A retail portfolio comprising four metro Phoenix retail assets totaling 29,001 square feet and three fully improved retail pads ready for development sold for $21.45 million.

Glenn Smigiel, Bob Young, Steve Brabant, Rick Abraham, Bill Bones and Chris Ryan of CBRE represented the seller, TradeCor LLC, in the transaction. Bruce Francis, Bob Ybarra, Dana Summers, Shaun Moothart and Doug Birrell of CBRE Debt & Structured Finance secured an $11.1 million loan on behalf of the buyer. The portfolio was…

Honolulu architecture firm Design Partners Inc. has been awarded a military contract worth a maximum $50 million for architecture and engineering services at Navy and Marine Corps bases and facilities around the Pacific.

The indefinite-delivery/indefinite-quantity contract awarded by the Naval Facilities Engineering Command at Joint Base Pearl Harbor-Hickam last week is for five years, with an estimated completion date of August 2024.

The work includes such things as military construction project…

The Travis project will bring not just one but two massive high-rise towers to the Rainey Street area: one for apartments and the other for hotel rooms and condos. But developers still need to convince officials their project belongs in Austin's Downtown Density Bonus Program.

A street corner just east of downtown could be home to housing once again.

If you've been paying attention to the headlines in recent months, St. Louis has the look and feel of a city with momentum on its side.

The Business Journal last year showcased the $8 billion in projects under development from the Gateway Arch to Forest Park. In May we documented Midtown's rebirth with the City Foundry and other projects. The imminent opening of the St. Louis Aquarium and the eventual development of a Major League Soccer stadium are expected to turn Downtown West into a destination.…