Real Estate Blog

If land use dominates discussions at Austin City Hall in 2019, expect next year to be about addressing the city's transportation struggles, Austin's mayor told real estate professionals on Wednesday.

People willing to pay $700,000 or more for a house in Germantown — and the builders willing to build them — are now insisting on gated neighborhoods.

With hundreds of new housing units proposed in the downtown’s easternmost neighborhood, the Discovery District will look completely different in a few years, developers told a crowd at the Columbus Metropolitan Club on Wednesday.

The next big thing the neighborhood needs? It’s a bit more tricky than bricks and steel.

“There aren't services – the 18-to-24 hour experience that a balanced neighborhood needs,” said Joel Pizzuti, president of Pizzuti Cos. “A lot of neighborhoods are trying…

One of the DBJ's lists, publishing Feb. 15, spotlights the region's apartment communities.

The sale of HomeStreet Bank's residential mortgage business opens the possibility for Hawaii banks or mortgage lenders to expand.

Editor's note: The Minneapolis/St. Paul Business Journal is running this weekly Dream Getaways series throughout the winter, giving our readers a look at luxury properties on the market in warm or ski-worthy locales far from Minnesota's frigid, snow-covered prairie. This one comes courtesy of the South Florida Business Journal.

The Fort Lauderdale mansion of late billionaire H. Wayne Huizenga is set for auction, with a listing price of $27 million.

Huizenga passed away at 80 in March 2018 after…

The Kinnickinnic Avenue property that housed The Alchemist Theatre sold to Milwaukee developer Scott Genke, who plans to restore the building and potentially bring in a restaurant.

Genke's SG Property Development + Management confirmed its purchase on Wednesday without disclosing the price. The same developer owns the vacant lot next door, where it plans to build a multi-story apartment building. They will be branded as BV+, or Bay View Addition.

The Alchemist building is at 2569 S. Kinnickinnic…

Market timing is hard to pull off when it comes to investing in stocks. But for home sellers, there are times of the year when prices get bid higher and properties move faster, according to a report from Zillow.

In metro Denver, that “magic window” runs from May 1-15. Sellers who list in that period make on average 1.1 percent or $4,300 more on a sale. Homes sell six days faster than typical.

The first half of May is also the best time nationally and in many other cities to sell. But the peak window can stretch from April into early July, depending on location. And in a few markets, like Las Vegas, a premium time to sell doesn’t exist.

“Sellers time their listings to optimize their sale in all sorts of ways,” Skylar Olsen, Zillow’s director of economic research and outreach, said in the report.

RELATED: Denver home sellers are missing the mark on listing price

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Home prices actually fall in Boulder, Denver and Douglas counties. Is it a blip, or a trend?

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The owners of a drab office building at the corner of 15th and Curtis streets previously occupied by CenturyLink plan to give the structure a new face as part of an effort to better compete for tenants in downtown Denver.

Real estate investment firms SteelWave and Rialto Capital Management recently partnered to buy the building at 930 15th St. for an undisclosed sum, according to a news release from Newmark Knight Frank. The team plans to transform the 12-story, 223,000-square-foot building — built in 1980, according to city records — into an attractive option for companies looking for big chunks of square footage downtown, the release said.

Planned upgrades include installation of an exterior glass curtain wall that will replace the large tiles that cover much of the building today. A robotic parking lift system, updated fitness center and rooftop terrace will also be added as part of the work expected to wrap up in 2020.

Google MapsThe building at 930 15th St. as it looked in May ..

Denver’s skyline reached rarely visited heights in 2018 when the 40-story 1144 Fifteenth office tower opened in March. Peaking at 603 feet, it is now the city’s fifth tallest building, assuming you count the spire atop the neighboring Four Seasons tower.

The city flirted with a new vertical frontier, too, but the land deal around a proposed 81-story building fell apart last February. At a projected 1,000 feet, that building would have been far and away Denver’s tallest, blowing by current champion, 714-foot Republic Plaza.

There’s nothing quite of that scale on Denver’s 2019 docket but a 30-story building is under construction now in the heart of downtown. A handful more buildings of that stature or greater are in the city’s planning pipeline. In a town with just 16 towers that crack the 30-story threshold today, these projects — should they all be built as planned — stand to make some visible marks on the urban horizon.

Here a look at the towers that could change Denver’s skyline:
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