Real Estate Blog

On top of an expanding roster of brewers who have joined a nascent Jack London Brewing District, the area is now seeing an influx of restaurants, co-working spaces, luxury housing and mixed-use projects.

New apartments continue to pour onto the market, pushing down average rents in metro Denver for the second quarter in a row and boosting the vacancy rate a tad, according to the latest Denver Metro Area Apartment Vacancy and Rent survey.

But tenants showed up to take what builders offered, and then some, according to the quarterly survey, which is sponsored by the Apartment Association of Metro Denver and co-authored by Ron Throupe at the University of Denver’s Daniels College of Business.

Average monthly rent peaked at $1,484 in the second quarter, dropped to $1,465 in the third quarter and stood at $1,456 in the fourth quarter, a decline of $28 or 1.9 percent in the past six months.

Adjust for inflation, and apartment rents are actually down 2.6 percent, said Teo Nicolais, an instructor specializing in real estate at the Harvard Extension School in Denver.

“We are seeing a ton of new supply and seeing rents go down. It is all about supply. That supply is what makes housing more a..

Google Inc.'s new space in Playa Vista, California is a mix of old meets new, featuring exposed wooden beams and open workspaces spread over 450,000 square feet in the historic Spruce Goose hangar.

Google (Nasdaq: GOOG, GOOGL) tapped Portland, Oregon-based ZGF Architects to transform the hangar, constructed in 1943 by businessman and aviator Howard Hughes to house the world's largest wooden airplane, into a four-story, contemporary office structure.

The Spruce Goose plane is long gone and in an…

The sale of the 1,406 acres on Oahu’s North Shore to Pomaikai Partners LLC closed on Dec. 28 for $14.9 million.

Oslo, Norway, topped RLB’s global construction cost relativity index in its construction cost report for the fourth quarter, and was followed by San Francisco, New York, Honolulu, then Paris.

The Japanese owner of Honolulu restaurants Café Lani, Tempura Ichidai and Gokoku Sushi abruptly closed all three locations this week.

The Café Lani and Tempura Ichidai restaurants, both at Ala Moana Center, and Gokoku Sushi at Koko Marina Center, posted signs in the windows instructing patrons on how they could get refunds on gift cards, according to reports by KHON and Hawaii News Now.

The three restaurants are owned by Pierthirty USA Inc., a subsidiary of Pier Thirty Group, which owns nearly…

The Minneapolis/St. Paul Business Journal has confirmed its lineup of panelists for its first Help Wanted Minnesota special forum focusing on the region's workforce and skills gaps in various important industries.

At this Feb. 14 event, key leaders from the construction sector will discuss strategies for bridging the skills gap and meeting the workforce challenges ahead. The following panelists are confirmed:

Louis King, president & CEO of Summit Academy OIC
Brian Murray, CEO, Ryan Cos. US Inc.
Nancy…

The Virginia House Appropriations Committee on Wednesday unanimously approved the Amazon.com Inc. (NASDAQ: AMZN) incentives bill, moving forward legislation that gets the online giant one step closer to $550 million worth of workforce grants for creating 25,000 full-time jobs in Arlington County.

The panel's approval of the Major Headquarters Workforce Grant Fund came after the Senate on Monday approved the bill 35-5.

Amazon late last year selected Arlington for half of its second headquarters.…

Lee & Associates Arizona has created a land division in its office with the addition of two new principals.

Brent Moser and Mike Sutton joined Lee & Associates after leaving Cushman & Wakefield. The two spent 18 years at companies that were merged or acquired to become Cushman & Wakefield.

“Brent and Mike really complement the culture of our office and add to the integrity of Lee & Associates,” said Fred Darche, Lee & Associates' managing principal, in a statement. “We are committed to continuing…

The activist and multimedia purveyor talks filmmaking, Opportunity Zones and “The Mooch.”