Real Estate Blog

The biannual snapshot of homelessness across Multnomah County reveals both improvement and new challenges as local governments work to add more shelters and affordable housing units.

Cisco Systems Inc. CEO Chuck Robbins said Friday that his company’s $50 million donation last year to the nonprofit Destination: Home could “only be the beginning” for the private sector’s role in housing Silicon Valley’s growing homeless population.

Rents around Phoenix saw big year-over-year increases in July, according to a new monthly report from Zumper.

The apartment website reports some of the biggest rent gains in the southeast Valley. Chandler posted the largest percentage growth between July 2018 and July of this year for a one-bedroom apartment, with median rent climbing a whopping 15.2% to $1,210 a month, while a two-bedroom unit jumped 14.1% to $1,460.

While rents in some outlying suburbs and surrounding communities are rising more…

Zillow Offers is live in 16 metropolitan areas across the country with 10 more planned by mid-2020, and RedfinNow is live in seven cities. Neither company has plans to offer home-buying services in Seattle.

A luxe contemporary waterfront home on exclusive Laurelhurst Lane recently entered the market for $14.25 million after an multimillion dollar remodel, which took a little more than a year.

Compass Brokers Evan Wyman and Sean Bautista have the listing of this unique 9,590 square foot home, which is owned by Eliza and Brian Shelden. It has seven bedrooms and nine bathrooms and sits on three quarters of an acre.

“The views are amazing, due southeast,” said Wyman. “The lake is 25 steps from…

For the first time since the depths of the housing crash in 2009, the pace of new home construction in metro Denver has dropped for three consecutive quarters.

The number of construction starts on new homes dropped 10.5 percent in the second quarter compared to the same period a year ago. That was mostly driven by a steep 17.6 percent drop in single-family home starts, according to counts maintained by Metrostudy, which tracks new home construction across the country.

“This isn’t necessarily indicative of demand slowing down. It is in part of an overhang that we felt in summer of 2018 when interest rates spiked,” said John Covert, who watches the Denver market for Metrostudy, in a conference call.

Rising mortgage rates, stock market volatility, mid-term elections, and a government shutdown all combined to cause buyers and builders alike to pull back.

“It created quite a bit of anxiety. Builders took their foot off the gas and it had been down to the floor,” Covert said on a confere..

Houston-based midstream giant Plains All American Pipeline LP (NYSE: PAA) is undertaking a $2.2 million renovation to its headquarters in Three Allen Center, according to city of Houston records.

Building permits issued by the city show that renovations will affect Suite 1400 of 333 Clay St. Plains All American’s website says its headquarters is located in Suite 1600.

The building permit was issued to Houston’s O’Donnell/Snider Construction. Additional details about the project were not…

The hotel company behind the Fairfield Inn & Suites and Home2 Suites at the Colonnade has bought vacant property off the 280.

The resolution unanimously approved Aug. 19 triggers a number of next steps for the city, including the Development of Regional Impact approval process, re-engaging with end users who hold existing letters of intent, and meeting with Fulton County entities.

Construction of Atrium Health's Sanger Heart & Vascular Institute location in midtown reached a milestone on Wednesday as a topping-off ceremony signaled the end of the project's first phase.

Located at Kenilworth Avenue and Harding Place, the five-floor, 200,000-square-foot facility is scheduled to open in late 2020. It will house services including clinical care, electrophysiology, heart-failure care, lab work, noninvasive testing and rehabilitation as well as a demonstration kitchen to teach…