Real Estate Blog

The University of Texas at San Antonio has assembled a design-build team for a planned $43.6 million residential development on its main campus.

Alamo Architects will partner with Treanor HL to lead the design work for Guadalupe Hall, which will house incoming freshmen. The more than 101,000-square-foot building will span four floors and have as many as 360 beds, as well as study and community lounges, community kitchens, laundry rooms, a multipurpose-seminar room and a coffee shop.

UTSA has tapped…

Can a local startup tap into the average American's biggest asset?

Gordon Ernst, the embattled former Georgetown tennis coach named in the high-profile college admissions scandal, is selling his Chevy Chase home for nearly $2 million.

Ernst allegedly accepted millions in bribes to help 12 students get into Georgetown University, some of whom had never played tennis or had marginal skill in the sport, according to The Martha's Vineyard Times. He's pleaded not guilty to conspiracy to commit racketeering and is set to appear June 21 before a judge in the U.S. District…

Permits for construction of new single-family homes in the Twin Cities are down 8 percent in 2019 compared to the first four months of 2018, adding to concerns about housing affordability.

That’s the bottom line on BATC-Housing First Minnesota’s monthly update on metro-area homebuilding, which found 407 permits pulled for single-family home construction last month. According to Housing First Minnesota’s data, that brings the 2019 total to 1,516 single-family homes permitted through April compared…

Mike Frazier says the team being assembled in Wichita will help make good on the firm's goal of continued growth in its newest market.

While rents are rising steadily in Birmingham, they are still lower than a majority of major U.S. cities.

The new apartments would be near Greystar’s other apartments, Elan Memorial Park Luxury Apartments.

The company behind the Denver Central Market food hall in Five Points has designs to revive a nearly century-old theater in northwest Denver as an entertainment venue and concert hall.

Before their liquor-license hearing for the property next month, the developers will pitch their plans to neighbors from the city’s Berkeley neighborhood — not all of whom appear to be on board with the idea.

Ari Stutz, a partner and the director of real estate for River North Art District-based Downtown Property Services, will open up the long-empty theater at 4979 W. 44th Ave. at 6:15 p.m. Thursday for a presentation and discussion with area residents. Stutz and his associates are calling the space the Yates Tavern.

“We pride ourselves on preserving, as best we can, old buildings in Denver,” Stutz said this week. “And we would like to preserve and reuse this old building in some sort of community entertainment capacity, which is what it was built for.”

Courtesy of LIVstudioA rendering of the exter..

A big rotation is taking place in metro Denver’s housing market this year, plunging some of last year’s hottest neighborhoods into the frigid depths while elevating overlooked mountain havens and starter-home hubs.

Take Lowry, which dropped from the metro area’s second hottest market for price appreciation a year ago to dead last, according to a ranking of 90 metro ZIP codes from the Denver Metro Association of Realtors.

“The flipping of the script is a clear demonstration of the affordability crisis that we are starting to face,” said Steve Danilyw, a member of DMAR’s market trends committee. “The properties and the areas that were very hot even last year got up to a price point where there was push back.”

In Lowry, the median price of a home sold rose 58.8 percent in the first quarter of 2018 to $675,000, only to drop 23.7 percent in the same period this year. The sales volume went from a 33 percent gain last year to an 11 percent drop this year.

But Lowry residents don’t need to..

Metro Denver’s apartment market got off to a strong start this year, as tenants absorbed all the units that hit the market and then some, pushing up rents and driving down vacancies.

Developers delivered a robust 3,959 new units in the first quarter and tenants absorbed an “impressive” 5,552 net units, according to the Denver Metro Apartment Vacancy and Rent from the University of Denver and the Apartment Association of Metro Denver.

That strong demand pushed the vacancy rate down to 5.4 percent from 5.8 percent in the fourth quarter. It also pushed the average rent up to $1,480.74 a month, which is $24.65 higher than the average in the fourth quarter and $60.44 higher a month than the average rent a year ago.

“I am a little skeptical of my own numbers. Let’s see whether the average rent increases in the second quarter,” said the report’s author Ron Throupe, associate professor of real estate at the D.U. Daniels College of Business.

Normally, the second and third quarters are the b..