Real Estate Blog

Here's a newsflash that might surprise: The U.S. housing market is far more favorable to buyers than it is to renters, at least when it comes to affordability.

The basis for that conclusion? The Business Journals analyzed median home values and rents in roughly 13,500 housing markets throughout the country, using a hypothetical buyer's scenario to determine a monthly mortgage payment for each neighborhood. In 81 percent of those markets, the cost to purchase was cheaper than it was to rent, based…

Major national and international real estate players and investors have dominated the Boston real estate market for the last several years. With rising costs for land, labor and materials and fierce competition for tenants, the question arises as how local real estate players survive. Three successful companies provide answers to that question: The Grossman Companies, Intrum and Chapelbridge Park Associates. In my opinion, these companies find opportunities that others might miss, execute quickly…

Far gone are the days when the stereotypical profile of a construction worker actually held true. Today, there is not one single face of the industry. Construction professionals today show diversity in age, race, ethnicity, gender, and socioeconomic status, and with efforts underway to strengthen the industry by enhancing heterogeneity, it will become even more so in years to come.

At a baseline level, contractors and suppliers are required to abide by Equal Opportunity Employment laws that ensure…

The Minnesota-based corporation plans to build 500,000 square feet of manufacturing space in the West Valley.

San Rafael-based Seagate Properties has bought the Senator Hotel office building in downtown Sacramento, at a price almost 50 percent higher than when it last changed hands three years ago.

Seagate, making its second purchase in the Sacramento region, bought the 180,123-square-foot building of nine stories at 1121 L St. for $46.9 million. Swift Real Estate Partners was the seller.

Erik Hanson, a senior vice president with the deal brokerage group at JLL Capital Markets, said the sale reflects how…

The PGA National Resort & Spa in Palm Beach Gardens sold for $217.96 million, making it the priciest hotel sale of the year in South Florida.

Opened in 1981, the PGA National is one of the most famous golf resorts in the world. It has hosted the PGA Championship, the PGA Senior Championship, the Ryder Cup and the PGA Honda Classic. It has five golf courses.

The property was sold in four deeds from Walton Street Capital to Brookfield Asset Management, and its Thayer Lodging Group subsidiary. Brookfield…

Fastenal Co. (Nasdaq: FAST), a Minnesota-based distributor of industrial and construction supplies, paid $20 million for Ralph Lauren Corp.'s building at Piedmont Centre Business Park last week.

According to records with the Guilford County Register of Deeds, the deal closed Friday for the 69 acres at 4100 Beechwood Drive, which has a tax value about $20 million. The deal also included 5.9 undeveloped acres at 1140 Tarrant Road.

At 1.2 million square feet, it's the fourth largest distribution center…

The historic building in downtown Raleigh has traded hands for the first time in four decades and the new owners are planning $15 million in renovations.

Maui County closed on a $6 million purchase of 262 acres of Alexander & Baldwin’s agriculture land in the lower Pulehu/Omapio area on Monday.

The county said it secured $5 million in general obligation bond funds through the state of Hawaii in addition to $1 million from its own funding to acquire the land, which nearly doubles the size of its current agriculture park lands.

“Expanding land availability for small diversified farmers has been an important goal for me,” outgoing Maui County…

What began as a seven-story hotel has morphed into a high-rise with apartments.