Real Estate Blog

Closely watched by real estate professionals, an overhauled land development code is viewed as essential to addressing affordability and mobility issues in a rapidly changing city.

Legislation giving property owners in Hawaii the right to enter adjacent vacant privately owned properties in an effort to get rid of the fast-growing, invasive albizia trees became law without Gov. David Ige’s signature.

Senate Bill 464, which became Act 13 on Monday, seeks to address the problem of the fast-growing trees, which can reach 150 feet and have brittle branches prone to breakage with no warning, especially during high winds and tropical storms, blocking roads and causing power outages.

Last…

The Hawaii Senate was set to vote Friday night on a bill that would require vacation rental platforms to register as tax agents and collect and remit general excise and transient accommodation taxes on behalf of their hosts.

It’s the fourth time the Legislature has sought, in an attempt to rein in the proliferation of Hawaii’s illegal transient rentals, to pass legislation that would get platforms such as Airbnb and Expedia to collect and remit the taxes.

The Senate on April 11 had objected…

Investor Jyoti Paul has his head in the clouds. Almost literally.

The former Microsoft director of product development and founder of Bellevue-based Paul Northwest Investments has been immersed in developing three luxury penthouses atop the Escala building at 1920 4th Ave. in Seattle — a prime address for many of this area's leaders.

One of Paul's three Escala penthouses came on the market this month, listed at $3.25 million. Windermere’s Don Weintraub and Julie Scozzafave have the listing.

“I…

California has built 3.5 million housing units over six years — Gov. Gavin Newsom's goal — in the past, but not since the mid-1950s.

The real estate firm is looking for more deals in the Sacramento area.

The Domain is about to have to some friendly competition.

Suburbs north of Austin had some of the biggest development news in recent weeks with mega-projects proposed that are expected to bring thousands of homes, tons of office space and plenty of new retail and entertainment offerings to Pflugerville, Hutto and Cedar Park.

The U.S. Tennis Association will put its state headquarters in Cedar Park’s planned 155-acre Indigo Ridge. More than 5 million square feet of offices, hotels, residences,…

The 17-story 1405 Point in Harbor Point has a new majority owner.

Armada Hoffler Properties Inc. acquired a controlling stake this week in the waterfront high-rise apartment tower that opened last spring. The deal dates back to 2015 when Armada Hoffler provided Harbor Point developer Beatty Development Group with up to $23 million in mezzanine financing. Armada Hoffler has now acquired a 79 percent ownership stake in the property under an option it was given in the financing deal.

The company…

Workers at two downtown office buildings were evacuated Friday morning after a report of a possible gas leak.

The Buffalo Fire Department was called to Cathedral Place on Main St. near Swan St. shortly before 11 a.m. A neighboring building at 290 Main was also evacuated, according to Erie County Executive Mark Poloncarz.

WGRZ-TV reports a spokesperson for National Fuel says a private contractor was doing work in the building when a natural gas service line was hit around 10:30.

Foxconn Technology Group is seeking 30 people to hire for its planned LCD screen fabrication plant in Mount Pleasant, and will hold a job fair in early May.

The hires will travel to Foxconn facilities in Japan and Taiwan for a six-month training course before returning to Wisconsin to train others to work in the Wisconsin plant. Foxconn already hired 20 people to go through the same process. The current job openings include manufacturing engineers, equipment technicians, manufacturing associates,…