Real Estate Blog

Most discussion of the new federal Opportunity Zone program has centered on how its potentially substantial tax benefits could boost investment in real estate in economically-distressed communities. Less recognized, but also significant, is the program’s potential to drive angel and venture capital investment in these struggling neighborhoods.

Created as part of the tax bill passed by Congress in 2017, the opportunity zones initiative offers long-term tax breaks for investment in businesses that…

Memphis’ newest public company will undergo a little reno work at its HQ.

A building permit valued at $1.3 million was submitted Dec. 20 for “interior alterations” at 150 Peabody Place — home of ServiceMaster Global Holdings Inc. and the newly formed Frontdoor Inc.

When asked about the permit, a ServiceMaster spokesperson said the permit was for renovations to Frontdoor’s space inside the building. Flintco was listed as the contractor on the filing. ServiceMaster relocated from East…

Naming him our person of the year is sure to be controversial, given the polarized nature of this entire saga, including understandable frustration among Crew fans in Ohio. But it’s hard to beat the significance of what it would mean for Austin to land its first team in one of the country’s five largest pro sports leagues.

Publix continues to reinvent its real estate around convenience, from prepared foods to Instacart.

The property is under contract to a veteran developer in Miami.

The Carpenter Family Ranch, named El Ranchito de Las Colinas, Spanish for “The Little Ranch of the Hills,” was transformed into a master-planned community in 1973. Ben Carpenter envisioned a world-class development that would serve as a center for North Texas businesses and a place for their employees to live. Carpenter’s vision has been realized with more than 120,000 employees and 45,000 residents calling Las Colinas home today.

Over…

The bulk of Mecklenburg County homes with the heftiest price tags in November can be found sprinkled throughout several Charlotte neighborhoods.

Ranging in sales price of $1.33 million to $2.7 million, these homes span neighborhoods including Foxcroft, Eastover, Ballantyne Country Club, Myers Park, Steele Creek and Summerlake. Also among the county's 10 priciest residential sales from last month is a lakefront property in Cornelius.

Coming in as the county's overall most-expensive home sale of…

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…

Consider them the places we'd love to own — or at least visit.

The properties featured here are among the multimillion-dollar and historic real estate sites that drew attention across the past 12 months.

Some of the deals, and the properties, have celebrity connections, with the likes of Oprah Winfrey, Tyler Perry, Eddie Murphy and Selena Gomez associated with the real estate. Current and former athletes were among this year's buyers and sellers, as well, as were business leaders with ties to…

U.S. mortgage rates declined slightly this week, according to Freddie Mac.

The 30-year fixed mortgage averaged 4.62 percent for the week ending Dec. 20, down from 4.63 percent the previous week. A year ago, mortgage rates stood at 3.94 percent.

Low mortgage rates had been helping propel U.S. home sales and the refinance market.

Sam Khater, Freddie Mac’s chief economist, said the response to the recent decline in mortgage rates is being felt in the housing market.

“After declining for six…