Real Estate Blog

The project could be one of the the biggest housing projects ever built in Menlo Park.

Austin City Council endorsed a variety of affordable housing developments in its pursuit of low-income housing tax credits, a valuable funding mechanism for those type of projects. Find out what affordable multifamily developments are in the pipeline.

Since 2012, the number of apartment building permits has grown steadily — while rents are moving higher.

The region’s single most prolific homebuilder has purchased another round of lots in Elk Grove and Roseville, totaling over $15 million.

The number of new businesses opening shop in Colorado continues to grow, if looked at in the big picture, but has slowed in the short term.

A report released in late January by the University of Colorado Leeds Business School Research Division showed that 27,000 corporations, nonprofits and other entities submitted filings with the secretary of state’s office to start up in the fourth quarter of 2018.

That’s a figure 5.1 percent higher than the same period in 2017 but an 8.2 percent decrease from the previous quarter, the report said. A news release said the quarter-to-quarter change was a sharper decline than is usual for the season.

RELATED: Analyst predicts U.S. economic growth, but at a slower pace in 2019 and ’20

Business renewals were up 7 percent, and dissolutions increased about 1 percent year-over-year,, the release said.

“Despite some uncertainty at the national level, the data shows Coloradans continue to open new businesses,” said Colorado Secretary of State Jena Grisw..

Nearly a quarter of Denver-area residents looking for a home on Redfin.com are conducting their searches outside the metro area, and Seattle continues to provoke the most yearning.

In the fourth quarter, 24 percent of searchers based in metro Denver were looking at properties outside the region, according to a study from Redfin. A year ago, only 17 percent had a desire to go elsewhere.

Redfin also looked at the number of searches from other areas into Denver versus Denver house shoppers looking elsewhere. That went from 20 net searches in metro Denver’s favor a year ago to 2,577 net searches against it last quarter. That’s the fifth highest outbound total in the country, ahead of even Chicago.

That probably would be just another number, except that metro Denver’s housing market corrected sharply in the second half of the year.

“We are going to shift into more of a buyer’s market,” predicted Martin Mata, a Redfin agent in Denver.

Rapidly rising living costs are one reason why peopl..

The developer that owns Denver landmark Loretto Heights has announced the first step in the transformation of the 72-acre campus on South Federal Boulevard: converting a former dorm and classroom building into affordable housing.

Westside Investment Partners in a news release Thursday highlighted the plans to convert 90-year-old Pancratia Hall into the Pancratia Hall Lofts, which figures to serve as income-restricted housing for working-class residents.

Courtesy Westside Investment PartnersA historic photograph of Pancratia Hall on the Loretto Heights campus in southwest Denver. The 1929 building will be renovated and turned into affordable housing, property owner Westside Investment Partners announced on Thursday, Jan. 31, 2018. Photo courtesy of the Sisters of Loretto.Just what income levels the future lofts will be reserved for was not covered in the release. Westside did name the team that will lead the project — Boulder-based Hartman Ely Investments and Proximity Green of Denver..

RTD’s G-line, also known as the Gold Line, has hardly been a gold rush for businesses and homeowners along the line.

The train from Denver’s Union Station up to Arvada isn’t even running yet and is consistently shrouded in controversy and complaints.

The latest complaint is coming from homeowners, concerned their property values are now being impacted.

“Two years they’ve been testing it, and it’s still not working,” said homeowner Paulette Tierney.

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A funeral chapel on one of Denver’s fastest-developing streets will close and likely be sold.

“The neighborhood is changing, and it’s changing in an absolutely incredible way — a lot of young families are moving in,” said Matt Whaley, market director for Dignity Memorial.

The Olinger Moore Howard-Berkeley Park Funeral Chapel has its final day of business on Thursday. The company already had been shifting its business to its nearby Crown Hill location.

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No scheduled services will be affected, and people who had pre-arranged services can transfer those arrangements.

“Ther..

Construction of a new market hall in south Denver to be anchored by Tony’s Meats and Market is moving forward despite a real estate partner’s indictment last year on securities fraud charges, people involved with the project say.

Real estate magnate Gary Dragul stands accused of nine counts of securities fraud in relation to an alleged scheme state officials say he perpetrated over the years, defrauding investors in real estate companies he operated out of millions of dollars.

Among the Denver area properties managed by Dragul and his company GDA Real Estate Services — now being overseen by a court-appointed bankruptcy attorney — is the former Safeway store at 4950 E. Hampden Ave., part of the Happy Canyon Shopping Center at Happy Canyon Road and Hampden. The building has been tabbed as the future home of Happy Canyon Wine and Market, a multi-tenant blend of retailers and restaurants in the mode of trendy Denver spots like the Source and Milk Market.

Despite the state’s ongoing inve..