Real Estate Blog

Lakewood voters’ approval of a 1 percent annual cap on new homes and apartments may have opened the door to housing growth limits across the region.

“Eleven Front Range counties are looking at growth limits” via one initiative, said Teo Nicolais, who addressed the Apartment Association of Metro Denver at its Summer Econ conference Thursday.

Even as the overall pace of apartment rent increases in the second quarter dropped below the rate of inflation, Nicolais said the few remaining reservoirs of apartment affordability in metro Denver — places like Wheat Ridge — continue to see big rent increases.

“It’s incompatible for us to limit growth and make rents more affordable,” Nicolais told the crowd.

The U.S. population is growing at a 0.6 percent pace, its slowest rate since the 1930s, but Colorado remains a popular place to move. The state will need to find a way to accommodate an additional 2.4 million people by 2050, estimates state demographer Elizabeth Garner.

“If you are a fan o..

Hyatt is bringing its upscale Thompson Hotels brand to Colorado in the form of a 216-room high rise under construction now along Denver’s 16th Street Mall, the company announced this week.

The Thompson Denver recently broke ground at 1600 Market St. Located across the street from the Market Street Station redevelopment project, the property was most recently a parking lot.

When completed in 2021, the hotel will rise 11 stories, feature a 90-seat ground-floor restaurant, sixth-floor bar with outdoor terrace, and a number of luxury features, according to a news release from the Hyatt Hotels Corp.

Courtesy of Hyatt Hotels CorporationA rendering of the lobby of the Thompson Denver hotel. The hotel will feature a oversized hearth fireplace that rises from a lower-level meeting area to the lobby floor, according to Hyatt.The Thompson brand is part of Hyatt’s expanding portfolio of so-called “lifestyle” hotels — properties that are built with unique features operators hope will attract gu..

A portion of the Arthur Tract — the 32 acres of prime Germantown real estate that was once slated for a $180 million development — is on the agenda for the October tax sale.

Chicago investor Harrison Street has paid $29.4 million for the new Summit Orthopedics building overlooking Interstate 494 at Pilot Knob Road in Eagan.

Endeavor Real Estate Group, an Austin-based commercial developer, is planning to construct a 19-story mixed-use tower in Uptown, the Dallas Morning News reported Friday.

The company purchased the half-block tract of land, at Boll Street and McKinney Avenue, in late 2016, but didn’t disclose plans for the property. The mass commercial developer now has plans for a high rise where several smaller structures now stand.

According to The Oak Lawn Committee Agenda, the Endeavor project will be presented…

Trader Joe's will open by the end of the year at the former Fresh Market space and will be open seven days a week.

A Birmingham developer is making progress on a major mixed-use development in Shelby County.

The Pelham City Council is scheduled to vote on incentive and development agreements for a project known as “The Canopy at Oak Mountain” by Genrev Properties on Aug. 5.

The city will vote on economic development grants based on a percentage of net sales tax proceeds, net lodging tax proceeds and net ad valorem tax proceeds for over a 15-year time period. The maximum principal amount is capped at $2.67…

The Birmingham City Council has voted to allow a self-storage project on 280 to move forward.

Kansas Gov. Laura Kelly signed an executive order Friday morning that effectively ended the economic border war between Kansas and Missouri.

Kansas and Missouri offer incentives to lure employers from one side of the state line to the other within the Kansas City metro area. Public officials on both sides of the state line have debated the practice for years.

Kelly’s order mirrors legislation Missouri Gov. Mike Parson signed in early June, which won’t take effect until Kansas matches it…

It's among the biggest office deals in Earth City, Missouri, in the past two years.