Real Estate Blog

Another out-of-state investor has purchased a multifamily property in the Valley.

As home sales around the country are slowing, Western Pennsylvania is still a hot market, according to recent numbers from West Penn Multi-List, Inc.

In fact, the region enjoyed a small uptick in home sales compared to last year at this time.

“This time of year, many people are thinking about buying holiday gifts for their family, but I think it's a great time to buy a house,” George Hackett, president of West Penn Multi-List and president of Coldwell Banker Real Estate Services, Pittsburgh said…

Only a handful of North Texas’ fastest-growing cities are also home to the wealthiest areas.

Southlake, which is the home to the wealthiest ZIP code in North Texas, is also the region's 17th fastest-growing city. It grew from 28,259 residents in 2013 to 31,824 last year, and the 76092 ZIP code it includes had a median household income of $207,127 in 2017. More than half of the households in the Southlake area have an income of $200,000 or more. Per capita, the ZIP code's residents make $79,825.

The…

A fast-growing luxury real estate firm has continued its Oregon expansion with a Portland acquisition.

Cascade Sotheby's International Realty has acquired Portland's Park Place Real Estate, a local team with 22 years of experience and 25 brokers.

Husband and wife Steve and Evelyn Rosling founded Park Place in Portland in 2004. The firm has produced $120 million in closed sales in 2018 thus far.

“As always, our strategy is to look for acquisitions that fit our growth trajectory and that most…

Sales of luxury homes on Oahu were relatively flat overall in November, compared to last year, but sales of high-end condominiums outpaced sales of single-family homes for $1.5 million or more, according to a report by Coldwell Banker Pacific Properties.

Overall, there were 39 residential properties sold for $1.5 million or more, compared to 38 sold in November 2017, an increase of 3 percent. The median price of those single-family homes and condos was $1.98 million, an increase of 9 percent from…

One local broker said the numbers show that “the faucet was shut off.”

Things have actually been going quite well: unemployment is at its lowest level in decades; employers have added jobs for eight years running; and the economy this year is on track to grow at its fastest pace since 2005. So why are some worrying about the next recession?

A Bay Area developer appears to be the buyer of one of the Sacramento region’s better-known luxury homes.

On Nov. 30, escrow closed to a Brent Lee of Saratoga for 9125 Vista De Lago Court in Granite Bay for $4.125 million. That address, which includes a 12,600-square-foot home, is best known as the former home of actor and comedian Eddie Murphy, who bought it soon after it was built 20 years ago and sold it in 2007.

The home’s new owner appears to be the same Lee who’s involved in commercial…

Apple Inc. is buying into one of the worst-kept secrets in Austin real estate, Robinson Ranch.

As Austin Business Journal reported in April, the Robinson family earlier this year issued a request for interest and qualifications to feel out what developers might want to do with the roughly 7,000 acres north and east of Parmer Lane. Pieces have been carved off over the years for commercial and public developments, including McNeil High School, but for the most part the ranch has sat untouched as brokers…

Milwaukee Bucks co-owner Marc Lasry talked about the successful opening of Fiserv Forum, the team's planning process for the soon-to-be vacant Bradley Center site, his predictions for the economy in 2019 and his friendship with former President Bill Clinton as part of the Milwaukee Business Journal's Power Breakfast. Check out the attached slideshow to see scenes from the popular event and the many attendees who participated in the “ugly sweater” contest held this time of the year.

Lasry, a billionaire…