Real Estate Blog

The retail property outside of Pottstown sold for just $15.6 million three years ago when it was half vacant.

The apartment complex has 312 units.

Mountain View city leaders have told Google and SyWest, who have already announced an impasse on creating a master plan for a key North Bayshore site, to work together.

Developer srmErnst Development Partners has completed its rehabilitation of two former Navy buildings totaling almost 150,000 square feet.

Hawaii real estate company Alexander & Baldwin reported a net loss of $136.6 million, or $1.90 per share, in the fourth quarter, compared to net income of $212.2 million, or $3.42 per share, for the same quarter in 2017.

Honolulu-based Alexander & Baldwin (NYSE: ALEX) posted a net loss of $72 million, or $1.02 per share, for the full year in 2018, compared to net income of $230.1 million, or $4.34 per share, for all of 2017.

The company said the loss was driven by non-cash impairments and noted…

Bay Area-based Schwager Development has continued its spate of Sacramento region office purchases, with a recent pair in Rancho Cordova and Roseville.

Houston-based Airia Development Co., formerly known as Aliana Development Co., finally has announced plans for its first project since rebranding a year ago.

Artavia — pronounced arr-tah-VEE-a — will be a 2,200-acre master-planned community north of Houston, according to a press release. It will be directly south of State Highway 242 and midway between Interstate 45 and Interstate 69/U.S. Highway 59.

Eventually, Artavia is expected to contain approximately 5,200 homes plus more than 120 acres…

Charlotte-based Crescent Communities has begun pre-leasing another multifamily development in the local market.

Novel Research Park, at the intersection of West Mallard Creek Church Road and Senator Royall Place, is now leasing, according to Crescent. The 280-unit, garden-style development is something of a second multifamily phase for Crescent at the site, which delivered what was formerly called Crescent Alexander Village in 2013 adjacent to Novel Research Park.

Novel Research Park has one-,…

The company owns about eight properties in the area.

A mansion on Sunset Islands in Miami Beach sold for $21.8 million.

The 11,296-square-foot home at 1600 W. 25th St. was sold by 1600 West 25th Street LLLP, managed by luxury homebuilder Bart Reines, to Coral Gables-based 1600 W 25th LLC. The buyer is a Delaware-registered company and it’s not clear who owns it.

The price equated to $1,929 per square foot.

The home was built on the 24,080-square-foot waterfront site in 2018. It has six bedrooms, seven bathrooms, two half bathrooms, an elevator,…