Real Estate Blog

“We, out of necessity, need to add to our portfolio to gain economies of scale in Nashville,” says firm principal.

An apartment complex next to a stop on the future Durham-Orange Light Rail Transit project has sold to an out-of-state investor, generating a $10 million gain in sales price in less than three years.

The sprawling former Gretz Brewery stands as a hunkering symbol of industrial blight. The impressive red brick structure went vacant almost 60 years ago and Kensington residents have worried for years about losing the crumbling historic building to neglect. Now some of these same residents want a better design to guide the former factory’s residential rebirth, as developer Tony Rufo moves forward with plans for the site.

Marco Gorini of the South Kensington Community Partners said his organization…

Torchy’s Tacos is taking over a former pizzeria for its second restaurant in Round Rock.

The Austin-based company plans to open within the old PS 35 location at 1500 N. I-35, Community Impact reports based on development permits and Torchy's own website, which alludes to it “coming soon.”

Remodeling should be done by April, according to Community Impact. A representative for Torchy's Tacos told Austin Business Journal the restaurant could be open by early summer, depending on construction schedules.

Torchy’s…

Industrial condo sales, a 71-acre land sale and several new leases are included in this roundup of business news from around Central Florida.

Despite SunTrust Banks Inc. recent merger with BB&T Corp., the Atlanta-based company will still move ahead on its plan to move its Jacksonville offices from its namesake location at the corner of Independent Drive and Laura Street to the Bank of America tower.

SunTrust signed a lease for 18,100 square feet of space at 50 N. Laura St. in the fall. Plans called for SunTrust to move locations this summer, about a year after VyStar Credit Union purchased the bank's tower.

But Thursday's announcement…

The city will kick in $700,000 in proceeds from the Cincinnati Southern Railway to start funding its affordable housing trust fund with a goal to build more homes for low-income city residents.

Mayor John Cranley and Councilman David Mann announced the funding on Thursday at the former Manse Hotel in Walnut Hills, a $12.6 million project that will include 60 affordable senior apartments. That Model Group project did not receive money from the trust fund but did receive pass-through federal funds…

Real estate companies annually produce outlook reports for the Kansas City market. So we decided to compile them to provide a summary of what the experts expect in four market sectors: retail, industrial, office and multifamily.

I have helped my local residential service company grow to be one of the most reputable and recognizable service providers in St. Louis' Metro East.

The proud new owner of an 18,400-square-foot mansion north of Raleigh is a small nonprofit in Greensboro that helps feed hungry seniors.