Real Estate Blog

Seattle-based Zillow Group Inc. (Nasdaq: Z) launched its Zillow Offers platform in Houston Feb. 11.

The online real estate company will give sellers a cash offer within a few business days and, once a sale closes, prep the homes for resale after minor renovations.

Houston is the first Texas city for Zillow Offers and the seventh in the country, according to a press release. The cities are Atlanta, Denver, Las Vegas, Phoenix, and Charlotte and Raleigh, North Carolina. The platform will launch…

The South Fayette Township Planning Commission is considering a proposal for a 104-lot residential development off of Battle Ridge Road.

According to a report from the Observer-Reporter, the plan for a 112-acre development called Lafayette Meadow, was discussed and tabled at the most recent planning commission meeting on Feb. 7. The proposed development site is next to the Sterling Ridge plan, and across the street from Walnut Ridge.

The report said that Keystone 76 Development LLC is working with…

Despite warning signs that some tight twists and turns are on the road ahead, metro Denver’s apartment developers aren’t applying the brakes. If anything, they remain firmly on the accelerator.

As more forecasts call for an economic slowdown, if not a full-blown recession, later this year or next, apartment construction continues to drive forward at full throttle, leaving onlookers like Cary Bruteig, owner of Apartment Insights in Denver, concerned.

Apartment construction on a tear
Builders are adding a record number of apartments in metro Denver, and another 52,000 are under construction or in the planning stages.

“We will continue to start projects with 10,000 to 12,000 units a year until it is crystal clear things are headed down,” said Bruteig. “When we have a recession, it will definitely hurt.”

Developers had 26,916 apartments under construction across metro Denver at the end of last year, according to his counts. Beyond those, another 25,686 are in the planning stages.

The ..

For at least five years, until last summer, home sellers had a firm upper hand in metro Denver, but the power dynamic is shifting. One sign of that — more sellers are having to accept offers below their original price.

“If you aren’t getting offers in the first two weeks, time to make a price adjustment,” said Jill Schafer, chairwoman of the market trends committee at the Denver Metro Association of Realtors and a local agent.

A lot more sellers, six in 10 last month, found themselves doing just that to get their homes sold.

DMAR’s counts show that only 17.3 percent of the homes sold in January went for above the initial list price, while 60 percent went under it. Contrast that with January from 2015 to 2018, when 27 percent to 30 percent of homes in metro Denver sold for above list price. Around half went for under the list price.

[RELATED: Metro Denver’s real estate slowdown spills over into 2019]

Zillow, a popular online site for listings, also tracks that measure. For 2018, it..

It may not get the beloved California chain’s animal-style burgers into the hands of eager Coloradans any sooner, but In-N-Out Burger on Friday officially closed on deals to purchase two properties in northern Colorado Springs, according to real estate services firm CBRE.

The for-now vacant plots of land are in the growing Victory Ridge development about a half mile east of Interstate 25 off of Interquest Parkway.

In-N-Out officials in December said they were planning to build a nearly 100,000-square-foot distribution and burger-patty making facility in Victory Ridge and a 150,000-square-foot office building complete with helipad. Those facilities are expected to take up a 21.9-acre parcel at the corner of Interquest and Federal Drive the chain officially bought Friday, according to CBRE.

A prankster hung this In-N-Out Burger sign on the construction fence at a development at 57th Street and U.S. 287 in north Loveland on Sunday. The apparent April Fools’ Day joke got some Loveland r..

Denver is looking for a nonprofit organization that wants to buy a city-owned former church in the Globeville neighborhood and turn it into something that will benefit the neighborhood.

The building is at 4400 Lincoln St., across the street from the Garden Place Academy elementary school. The city controls it and a parking lot across the alley at the corner of East 44th and Sherman streets, according to a new release Thursday from the city’s Office of Economic Development.

Denver is looking for an organization or group that can buy, redevelop and operate a “multi-purpose, community-oriented facility ” on the property. It is willing to “entertain other reasonable proposals” that will have a positive impact on the area, according to the release. The key is a project that blends with the Globeville neighborhood and meets the needs of people living there, the city says.

Thursday’s release did not list an asking price. City officials plan to post a more detailed request for qualification..

Rendering courtesy of Revesco PropertiesA concept drawing of how new buildings and parks in the River Mile project could be oriented toward the South Platte River. (Rendering courtesy of Revesco Properties)The most surprising thing about Rhys Duggan’s grand plan is that nothing’s stopping it.

Duggan wants to build a small city in the middle of Denver. He sees tall, spindly towers rising from the banks of the South Platte River. He sees grocery stores and schools, glass and steel. He sees 17,000 more people — a huge figure for a city that has grown by 100,000 since 2011.

Remarkably, in a city wracked by arguments about development, gentrification and density, the enormous redevelopment project faces little if any resistance. With a series of city approvals last year, the River Mile project is approaching the start of what could be decades of construction.

“To me, that’s part of growing up as a city,” he said in a Denver Post interview.

“I think there’s a growing awareness of the cha..

Local engineering firms have seen a number of trends take shape in the Bay Area over the past few years.

Although some, like a smaller talent pool, have affected the engineering field in a negative way, many more are making work more efficient and lowering costs for developers and professionals involved in construction projects.

In this week's issue of the San Francisco Business Times we rank the 50 largest Bay Area engineering firms. We asked firms to share the biggest trends they've seen.

Click…

Ten years ago the developers bought two old garages and, with Graham Baba Architects, turned them into a center that houses popular restaurants, bars and shops.

A study of Hamilton County’s potential parking facilities related to FC Cincinnati anticipates building two garages, one at the club’s Major League Soccer stadium and another at a location the county redacted from its report but is believed to be near Findlay Market.

It also estimates that the county would lose money on the garage project under certain scenarios.

County Administrator Jeff Aluotto says discussions with FCC over the parking garages are ongoing and changing. In general, the…