Real Estate Blog
Top commercial construction permits pulled in June (slideshow)
While a number of projects are underway and taking advantage of as many sunny days as they can this summer, others continue to enter the pipeline.
Though June saw fewer new construction permits pulled than April and May, a few large projects helped bring the month's top permit count to $223.1 million. The month's largest 13 permitted projects include public and private sector work, including new additions to local schools.
There was also plenty of private sector work permitted in June, including…
Naples developer proposes 22-story condo tower on site of stalled project off Bayshore Boulevard (Rendering)
A Naples developer says it is planning to build luxury condos on the site of a long-stalled apartment tower.
Ronto Group said Wednesday that it is planning to build Altura Bayshore, a 73-unit, 22-story condo tower on the surface parking at 2907 S. Ysabella Ave., adjacent to the office building at Bayshore and Bay-to-Bay boulevards.
The units will range from 2,176 to 3,575 square feet, with pricing from the “low” $1 millions to $2.9 million. Smith & Associates Real Estate is the listing agent on…
Real estate startup Roofstock’s growth goes through the roof as investors flock to single-family homes
Oakland-based Roofstock is seeing strong growth as more investors want to invest in single-family houses without the headaches of tenants and toilets.
Google selects partner to develop $15B in Bay Area projects
Google and Australian developer and general contractor Lendlease will partner on the tech company’s ambitious plans to build 15,000 homes in the Bay Area, the companies announced Wednesday.
As part of the deal, Lendlease expects to develop about 15 million square feet of residential, retail, hospitality and other uses in new ground-up neighborhoods in San Jose, Sunnyvale and Mountain View.
The $15 billion plan will take at least a decade to play out, Lendlease said.
“Today's agreement expands…
Water Street Tampa developer switches general contractors for two apartment towers in first phase
Two construction companies that were originally awarded buildings in Water Street's first phase are now building the apartment towers.
Sacramento Commons construction about to begin
Within about three weeks, work on downtown Sacramento’s largest housing project in decades will be underway.
Nationwide Realty readies another full block of development at Grandview Yard
Get ready for hundreds of new residential units and more office space to join the offerings at Grandview Yard, Nationwide Realty Investors' sprawling mixed-use development on Grandview Heights' border with downtown Columbus.
Raleigh is nation’s 9th fastest gentrifying city, feds report
A new report from the Federal Reserve Bank of Philadelphia shows the remarkable rate of gentrification in Raleigh.
Global luxury home brokerage plants flag in Denver
Engel & Völkers, a luxury real estate brokerage based in Germany, has established a franchise in Denver under the direction of local real estate veteran Jim Cavoto.
Cavoto has taken his firm, Ion Real Estate, which counts more than 40 advisers, and rebranded it as Engel & Völkers Denver. Cavoto will remain in charge of the office, along with J. Steven Opp.
Engel & Völkers previously had seven locations in Colorado focused on the mountain resort areas of Aspen, Vail, Beaver Creek, Roaring Fork, Snowmass, Telluride and Carbondale. The Denver office will cover high-end properties from Castle Rock to Longmont, including Boulder.
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Bidding wars turning quiet in metro Denver housing market
The days when a home in metro Denver would list on the market and set off a feeding frenzy that brought in multiple offers are fading.
While lower-priced properties in good shape can still garner stronger interest, a declining share of homes receives multiple offers, according to statistics from Seattle-based real estate brokerage Redfin.
Redfin tracks the number of offers received on transactions where it represents the buyers. A year ago in June, half of all sales in metro Denver came with multiple offers. But at the start of this year, the ratio was down to one in five.
And in June it was down to 12.3 percent, or around one in eight homes sold. That is on par with the 12.2 percent rate seen nationally.
“Bidding wars are few and far between this season. They are reserved for homes that are priced relatively low and are in good shape or homes in hot areas that are priced correctly,” said Andy Potarf, a Redfin senior agent in Denver.
That partly reflects the more abundant choices ..