Real Estate Blog

The one-time fee that most developers pay in Palo Alto that’s intended to discourage traffic is going to more than double.

The City Council recently voted for a new fee schedule that would jack up the “transportation impact fee,” or TIF, rate for most of the city from $3,700 per afternoon peak-hour automobile trip to $7,886 and yield an estimated $17.2 million for city coffers by 2030. For an office development generating 58 afternoon peak-hour trips, the fee would go from the current $140,600…

Cole Sweatt discusses his new role as vice president and brokerage manager at TRI Commercial/CORFAC International.

The 384-unit complex is 97% occupied.

AT&T Inc. has accepted the University of the Incarnate Word's bid to buy the company's Broadway Street property, which is immediately south of the school's campus and includes a multistory office building and parking structure.

University officials did not disclose details of the agreement, which must be approved by UIW's trustees next month.

UIW President Thomas Evans told the Business Journal during a recent interview that the university has ideas for the property.

“It could be configured…

Despite the hype, warehouse automation is a risky bet for third-party logistics companies.

McAfee is set to move into a brand new building directly next door to where Hewlett Packard Enterprise Co. has set up its newly opened headquarters in a growing part of San Jose.

Pushed out by rising taxes and other costs, the owner of the longtime family hardware business said Hardwick's could be operating in the Gem State next year.

A downtown Sacramento business and property owner received a prison sentence of nearly five years Thursday after being convicted of fraud connected to insurance claims and arson on the property.

Saber A. Shehadeh, 76, was convicted last June in federal court on three counts of mail fraud before receiving a sentence Thursday of four years and nine months in federal prison. The counts stemmed from two fires in December 2009 and August 2010 of buildings Shehadeh owned at the corner of 10th and E streets…

Today's luxury homebuyers need to be sold an experience, not just a home, experts say.

The proposed budget for Mecklenburg County for fiscal year 2020 includes a proposed tax rate that, if passed, would result in a higher bill for property owners who saw a big jump in value from the revaluation that concluded earlier this year.

The county manager's office on Thursday presented commissioners with the first iteration of a proposed $1.9 billion budget, which calls for a tax rate of 61.69 cents per $100, or 1.99 cents higher than the FY 2020 revenue-neutral rate. The 2019 Mecklenburg…