Real Estate Blog
More than a third of Denver-metro area rents, yet a stigma still attached to not owning a home
A growing number of people rent, including more high-income households. And the new luxury apartments going up in Denver and other cities are loaded with high-end finishes, amenities and easy access to activities that most homeowners can only dream about.
But old attitudes toward renting die hard.
A survey of 5,000 people conducted by Apartment List found a significant share of the population, about three in 10 people, attached a stigma to renting.
Some of the terms used to marginalize renters by survey respondents included “transient,” “poorer,” “second-class citizens,” “less successful,” “not fully invested,” and “wasting their money.”
About 34 percent of renters and 28 percent of homeowners agreed that renting in America, something 109 million people do, carries a stigma, according to the survey.
“I was surprised to find that the perception of renter stigma was at least as high among young people and respondents in cities or urban cores of large metros,” said Igor Popov, chief ..
Local investor buys downtown property for $2.58M for new company HQ
A Birmingham investment firm is relocating its offices to a historic building downtown by the end of the year.
Pentagon Park redevelopment gets underway as office marketing begins
The $150 million project includes 12,000 square feet of retail, two hotels, a parking ramp and a speculative office building.
URA to pick local development firm for $51 million mixed-use project for Uptown site
Development proposal calls for a three-story skybridge over Dinwiddie Street along with 167 apartments and some commercial space.
City-owned Hilton Baltimore stays in the black as profit narrows
The city-owned Hilton Baltimore turned a profit for the second year in a row in 2018, despite an occupancy rate that fell by nearly six percentage points compared with the year before.
The property earned $571,144 in 2018, according to a recent audit from CliftonLarsonAllen LLP. That brings the hotel's deficit down to $82.6 million as it approaches its 11th year in operation.
The 757-key hotel opened in August 2008 and was paid for by $300 million in tax-exempt municipal bonds. In 2017, former…
Water Street Tampa developer closes in on big deals for new 20-story tower and Sparkman Wharf
From Los Angeles to London, the executive overseeing office leasing and development at Water Street Tampa says a common theme is emerging: “Tampa is on the map.”
Broker jumps to KW Commercial from Tiner Commercial, which is closing
While one locally based commercial real estate brokerage is shutting down, one of its leading brokers has landed with an expanding firm.
Cool office: This firm’s Lake Mary campus features big windows and a collaborative mindset
Harper Limbach LLC has seen a lot of benefits from combining its office and fabrication operations in Lake Mary.
The Tampa-based HVAC contracting and maintenance firm has had a Central Florida branch since June 2016. The space holds more than 275 employees in two separate facilities: a 16,500-square-foot office and a 31,500-square-foot fabrication shop. The office side features plenty of workstations, conference rooms, two training rooms and three break room/kitchen areas stocked with beverages…
Historic downtown Houston lofts sold to Austin co.
Houston-based Randall Davis Co., the developer behind some recent high-rise condo projects in Houston, has sold the historic Hogg Palace Lofts to Kline Properties of Austin, according to a press release from JLL.
JLL’s Chip Nash and Bob Heard and Houston Income Properties’ Jim Hurd and Bishale Patel represented the seller.
The purchase price was not disclosed, per the release. However, the Harris County Appraisal District valued the 0.6-acre site and its 139,362 square feet of buildings at…
Big $200M Warehouse District project in downtown Raleigh comes into focus
New details have emerged about a major project planned in downtown Raleigh to redevelop a block of aging buildings in the warehouse district to up to 20 stories tall.