Real Estate Blog

Metro Denver has clocked some of the strongest home price gains in the country during this economic expansion, which if it survives to June will rank as the longest in U.S. history.

But in the second half of this year, the housing market here and in other cities has cooled, with sales slumping and the inventory of unsold homes rising. And while annual price gains are still solid, the median price of homes sold continues to drop from the peaks reached this summer.

Some agents argue the economy remains strong and the slump is a more severe version of the usual seasonal slowdown, one that will rectify itself early next year when sales normally pick up. Maybe, but when the housing markets last started heading south about 12 years ago, the most overheated cities like Phoenix, Las Vegas and Miami suffered the worst price declines.

Does a similar fate await Denver, Seattle and San Francisco and other leaders this time around?

Most forecasters don’t think so, in part because the supply of ..

The food company considering 'all options' for the former plant site.

Another 80 Sears and Kmart stores will be shuttered nationwide as part of the bankrutpcy restructuring by Illinois-based Sears Holding Corp.

That means the Kmart store in Tucson at 7055 East Broadway has been targeted to close. While five Arizona Sears stores were included in the first round of 142 store closures announced in October when the company filed for Chapter 11 bankuptcy protection, and another Phoenix Sears store was added to the list of redundant locations in November, no other Arizona…

Bill Allard, co-founder of private aviation company Wheels Up and former CEO of Marquis Jet Partners, and his wife, Libby, are selling their Millennium Tower penthouse.

The 3,060-square-foot condominium on the 58th floor of Millennium Tower includes two bedrooms and three full bathrooms and is listed for $7.35 million.

Pamela Cushing and Haley Cutter of residential brokerage Douglas Elliman are the listing agents.

The unit includes a private outdoor terrace and views of the Boston Harbor and…

Aspen roads can take you home to the place once owned by John Denver.

The public got a glimpse of the fabled musician’s residence on Thursday through an open house after the gated-community property between Aspen and Woody Creek hit the market for $11 million.

The house at 570 Johnson Drive was built in 1972, a year after Denver’s single, “Take Me Home, Country Roads” lit his stardom en route to over 33 million records sold worldwide before his untimely death at age 53.

Aspen couple Denis and Kelly O’Donovan bought the house in December 2016 for $2.75 million — $8 million under the original asking price, which included a guest house on a nearby lot that was Denver’s recording studio. That property wasn’t part of the final sale to the O’Donovans and is still in the possession of the owners directly after Denver.

“(The house) was as-is, no inspection, leap of faith,” Kelly O’Donovan said of when she and her husband bought it. “We were house shopping, it was in the right price range. ..

Throughout 2018, the Business Journal featured a number of local neighborhoods in its “On the Market” articles, taking readers inside the most expensive homes for sale in each community.

In 2018, these articles highlighted a total of 20 different neighborhoods in the city of St. Louis, Metro East, St. Louis County and St. Charles County. Below are the five most popular “On the Market” neighborhoods of 2018.

This year's top neighborhoods include communities in the city of St. Louis,…

A swath of undeveloped land in Research Triangle Park that Apple had been targeting for a new campus has sold.

The space is set to open in February 2019.

The latest new construction office sale in Charlotte closed last week in a deal worth more than $200 million.

The ongoing troubles of Sears has led to another round of store closures that will take place in late March, including two in Durham and three others in North Carolina.

The Sears stores at Northgate Mall and at the Streets of Southpoint are shuttering, along with the accompanying Sears Auto Centers at those locations, according to a statement from the company.

The doomed Sears locations are just the latest wave of gloomy news from the struggling retail chain that is having repercussions in the…