Real Estate Blog

Denver has a new strategy to keep track of a troubled affordable housing program: City staff will personally attend future sale closings for the 1,302 homes that are intended for people with lower incomes.

The new strategy is a reaction to this year’s revelation that the owners of 306 properties were potentially breaking the rules of Denver’s affordable housing program. The homes were only supposed to be sold to people with low-enough incomes, but a new auditor’s report released Thursday shows that they slipped through cracks in city processes.

Auditor Tim O’Brien’s team found that the city’s Office of Economic Development was “not ensuring housing affordability.” Among other shortcomings, the office failed to properly check people’s income for the program and recently failed to correctly monitor federally funded rental projects.

Some buyers were unaware that they had violated income restrictions when they bought their homes, which were built under the city’s old affordable housing ..

A vacant commercial property just off the busy Santa Fe Drive and West Sixth Avenue intersection in Denver will soon have new life as a mixed-use project with more than 80 permanently affordable condos.

Local nonprofit Urban Land Conservancy purchased the 18,000-square-foot plot at 801 W. Sixth Ave. for $1.8 million, according to a news release this week. It is home to two empty commercial buildings, an L-shaped space that previously hosted a hail repair center and a larger warehouse just north of that on Inca Street.

Urban Land Conservancy is working with local firm Shanahan Development and the Elevation Community Land Trust to replace those structures with a mixed-use project that will feature 4,000 square feet for commercial space and 92 for-sale condos. Of those condos, 86 will be designated as permanently affordable and reserved for families making between $40,000 and $72,000 per year, the partners say.

The project is being called Inca Commons.

“The lack of affordable for-sale..

It's being used to build the Shell Chemicals petrochemical plant in Potter Township.

A new hotel will soon open in the Dayton area.

Hanging on the wall in David Bugatto’s office is an aerial shot of North Natomas from more than two decades ago, showing Sleep Train Arena surrounded by sprawling acres of barren land, crisscrossed with empty roads —some of which are only half-built. The image is the inverse of North Natomas today.

This year's top 20 deals are dominated by apartment complexes.

A video of a man brutally stomping the head of a man lying on the sidewalk in San Francisco’s Mid-Market neighborhood surfaced on Twitter Tuesday, when startup CEO Geoffrey Woo posted footage captured by one of his employees.

Woo, who runs nutrition and supplements startup HVMN, wrote that the incident took place right outside the 12-person company’s 38 Mason St. office and called for more police presence, tagging Mayor London Breed, the San Francisco Police Department, and the city government…

The Portland architecture firm that conjured up the conceptual images for a proposed waterfront ballpark in the Rose City also designed an expanded and renovated theater building for Southern Oregon University in Ashland.

TVA Architects was the firm behind SOU's $12.75 million project, which included the expanded theater building and a larger space for Jefferson Public Radio.

In a release, TVA principal design architect Robert Thompson said the goal was to lighten up a formerly dark space while…

Despite missing out on expansions from Apple and Amazon, the Triangle’s growing stature has translated into an active office market in which rents and the volume of office building sales are reaching new heights.

Centurion American Development Group has purchased Plano’s Collin Creek Mall and plans to turn the shopping center into a $1 billion mixed use project, according to the Dallas Morning News.

Mehrdad Moayedi, Centurion’s president told the Dallas Business Journal in August that his firm had most of the mall under contract and was in negotiations to acquire the rest.

His vision for Collin Creek includes tearing down parts of the mall and restructuring others to use the building’s shell. He told…