Real Estate Blog

When Bernard Tyson stepped in as chairman of the Bay Area Council two years ago, the business-funded public policy group was getting results back from its annual survey showing that homelessness was a growing issue for residents from San Francisco to Oakland to San Jose.

It was perfect timing.

Kaiser Permanente, the Oakland-based health care provider and not-for-profit health insurer that Tyson leads as CEO, was prepping a $200-million campaign to fight homelessness nationwide. That campaign included…

For both those who rent by choice and by necessity in Sacramento, year-over-year rental increases were the same in March: 4.5%.

But while that figure was the eighth-highest nationally for by-necessity renters, it was third-highest for those who rent by choice, or what research firm Yardi Matrix calls the “lifestyle” renter class.

With most of the new supply in Sacramento aimed at the latter, and overall new supply less than 1% of the overall supply in March, lifestyle renters may be feeling…

Is there a direct line from housing security to better health? The Oakland-based health giant thinks so, and it’s plowing $200 million into housing preservation and homelessness prevention.

The oceanfront mansion of developer Robert V. Matthews, who was indicted by a federal grand jury in 2018, will be taken by a mortgage lender after a bankruptcy auction came up empty.

The nearly 16,000-square-foot home, at 101 Casa Bendita in Palm Beach, was scheduled for auction March 28 under order of U.S. Bankruptcy Court in Matthews’ personal Chapter 11 filing. The minimum bid was $31 million.

In an April 8 order, U.S. Bankruptcy Judge Mindy A. Mora said no qualified bids were received for…

A Houston-based developer appears to have started construction on a high-rise apartment tower at the center of a 3-year-old legal battle.

The Dinerstein Cos. website says the tower, named Aspire Post Oak, is “coming soon” and is expected to open in summer 2021, the Houston Chronicle reports. Requests for comment from Dinerstein weren’t immediately returned.

In 2016, the company filed a lawsuit seeking a declaratory judgment over its plans to build the 39-story apartment tower at 1650 Post…

In a showdown between 63 new units of housing and a shadow, city supervisors unanimously sided with the shadow.

The San Francisco Board of Supervisors on Tuesday night resoundingly rejected a large South of Market apartment complex loaded with below-market-rate units because of a shadow the building would have cast on a park for 42 minutes on summer evenings.

The proposal for the 63-unit complex called for the demolition of existing buildings at 1052-1060 Folsom St. and 190-194 Russ St., the merging…

About 40,000 households are in the extremely low-income category in San Jose but only about 3,300 homes exist for them in the city.

ATLANTIC CITY, N.J. — Bruce Deifik, the Colorado developer who lost a fortune running a struggling Atlantic City casino for six months, was killed in a single-car crash in Denver. He was 64.

Deifik had been driving home Sunday from a Colorado Rockies baseball game in his hometown of Denver, his lawyer, Paul O’Gara, said Monday.

The medical examiner is still investigating what might have caused the crash, O’Gara said, including the possibility Deifik suffered a medical crisis behind the wheel.

The Denver Medical Examiner Office said Monday afternoon that Deifik was found dead at the scene of a “single-car, low-speed auto crash.” It said an autopsy has been completed, and the cause of death remains under investigation.

Deifik was in the process of turning over his majority ownership of the casino to New York hedge fund Luxor Capital at the time of his death. That transaction has not yet closed but is likely to be completed soon.

The casino is the former Revel property that Deifik bo..

LAKEWOOD — The people will finally have their say on a controversial growth control measure that has spawned a lengthy court battle and even pressured city leaders to change the charter of Colorado’s fifth-largest city.

The Lakewood City Council on Monday agreed to send the Strategic Growth Initiative, a proposal to limit annual growth in new residential construction to 1 percent of housing stock in the city, to a special election on July 2. The council had the option of putting the measure into law immediately Monday night.

The mail-only election is expected to cost the city $300,000.

“It’s encouraging that it finally seems to be coming to fruition,” said Cathy Kentner, the Lakewood resident who first brought the measure forward nearly two years ago. “It has taken a lot of patience and perseverance.”

It also took a vote earlier this year of Lakewood’s elected leaders to change the city charter so that a citizen initiative can continue to move forward even if it faces a legal chall..

Melanie Griffith’s log cabin in Aspen sold for $4 million.

The 7,391-square-foot estate at 46 Lower Hurricane Road was decorated by Griffith, who earned the Golden Globe Award for best actress for “Working Girl” (1989) and landed her first lead role in the 1991 drama “Paradise.”

Griffith’s former residence features floor-to-ceiling windows that flood the interior with natural light and are a lens to Aspen Highlands Ridge. Decks wrap the house that has a stone fireplace as its focal point and a gourmet kitchen, billiards room and a wine cellar among other amenities.

“A 9,000-bottle wine cellar,” said Carrie Wells, a broker with Coldwell Banker Mason Morse Real Estate, who represented the seller. “There’s a very large stone fireplace that separates the dining and living room, and outrageous views.”

RELATED: $149 million ranch featuring helipad, bison herd is Colorado’s most expensive property on the market

What puts this property apart from others, Wells said, is that it’s on the ba..