Real Estate Blog
Opportunity Zone investor Urban Catalyst buys its first slice of downtown San Jose
Friday’s buy, though expected for more than a month, marks a milestone for Urban Catalyst. The group launched in late January to take advantage of a new federal law offering tax breaks to developers and business investors that invest in specific neighborhoods around the country considered disadvantaged or in need of a boost.
American Savings Bank breaks ground on new Kalihi branch
American Savings Bank, which recently opened a new branch in its newly built headquarters building in Honolulu, broke ground Friday on another new branch, less than two miles away in the heart of Kalihi.
The bank bought the 27,235-square-foot parcel at 2130 N. King St., between Gulick Avenue and Richard Lane, two years ago for $2.45 million, according to public records.
The new branch was designed by Inform Design Inc. and will be built by Ralph S. Inouye Co. Ltd.
The 3,800-square-foot full-service…
Oahu Auctions selling Hagadone Hawaii equipment, office supplies in online auction
Oahu Auctions is liquidating the contents of Hagadone Hawaii’s shuttered Honolulu printing facility, with press equipment, pallets of paper, office equipment and trucks being sold in an online auction that ends Saturday.
Hagadone closed its facility in January and put its 80,102-square-foot building on Puuhale Road on the market for $26.5 million. Since then, Oahu Auctions has inventoried and catalogued thousands of items, sorted into more than 500 lots, and had 300 registered bidders as of Friday,…
South Florida merger creates third-largest realtors association in U.S.
The Realtors of the Palm Beaches and Greater Fort Lauderdale announced a merger with the South Broward Board of Realtors, which has 1,500 realtor members.
The members of both associations voted in favor of the merger.
It will bring the larger association up to 33,000 members, making it the third-largest realtor association in the U.S. It also gives it complete jurisdiction of the MLS listings in Broward County, and also controls the majority of MLS listings in Palm Beach and St. Lucie counties.…
Austin’s Best Places to Work in 2019
The 2019 list of Austin's Best Places to Work is out.
The list is a stout source for jobseekers. It's also a sneak peak at the companies that might be in a position to poach employees in this tight job market.
Here is the complete list of 2019 winners, sorted alphabetically:
Accountability Resources (job-placement firm focused on finance professionals)
AlertMedia (makes mass notification systems)
AllPro Hospitality Staffing (connects hotels, caterers with talent)
Aquila Commercial LLC (commercial…
Austin cuts red tape for affordable housing developers
Housing advocates hope a new ordinance waiving parking, compatibility and other requirements on qualifying affordable housing developments will lead to more income-restricted residential units — and help Austin deal with serious affordability challenges.
Patti Payne’s Cool Pads: Retired Microsoft exec lists his gated Union Hill home for $4.8M
A Union Hill estate belonging to David Cole, retired Microsoft senior vice president, came on the market recently at $4.75 million.
Windermere Brokers John Kritsonis and Karl Lindor have the luxe listing, which has already garnered strong interest including a star athlete from the Midwest.
Cole, who loves to travel and fish, wanted a lodge-like estate with a look and feel of some of the grand fishing lodges of the world. The Redmond property, 15 minutes from Microsoft, seemed like the perfect…
Proposal to restrict ‘overcrowded’ housing stalls due to lack of support
One supervisor’s plan to ratchet up restrictions on building large new housing in part of his district met a quiet death at Thursday’s San Francisco Planning Commission hearing.
Supervisor Ahsha Safai had introduced a “Large Residence Special Use District” between City College and San Francisco State to require costly and time-consuming permits for housing that's more than 2,500 square feet or has five or more bedrooms. The purpose, he said, was to curb illegal group housing — overcrowded…
Townhouse seeking damages from Loews after Downtown hotel partnership goes south
The new Memphis Downtown convention center hotel deal — and the legal fight surrounding it — got a little more complicated last week.
Townhouse Management Co. (THM), the firm that initially partnered with Loews Hotels on the project, is seeking injunctive relief in Davidson County Chancery Court: they want a judge either to prevent Loews from building a 20-plus story hotel or to award damages to THM. The owner of 100 North Main, THM alleges that Loews breached the two firms' contract by securing…
With Panhandle annexation complete, housing is next
After four years of striving, property owners in the northeast part of Natomas are part of the city of Sacramento.