Real Estate Blog

The Hawaii Housing Finance Development Corp. has approved a modification to the sale of the state’s affordable housing portfolio to a partnership of Stanford Carr Development and Standard Property Co. that discounts the purchase price by $40 million but increases the amount of money the buyers will spend to renovate the six properties by $31.2 million.

The partnership, which is called Komohale LP, had agreed on Dec. 14, 2017, to pay $170 million for the six leasehold properties and spend $53.9…

Developers are moving forward with a $150 million project that will bring 175,000 square feet of office space to rapidly changing West Midtown.

Developers Jim Meyer of Atlantic Capital Properties and Mack Reese of Gateway Ventures have secured about $60 million in construction financing from Preferred Office Properties that will allow the office development to proceed as a spec project, or one started without tenants signed to leases. It’s a sign of confidence in the emerging office market in…

A quick look at three Valley commercial real estate deals from the past week:

Mountain View Marketplace, a shopping center that includes a vacant Safeway store that will soon be a VASA Fitness, sold for $8.3 million.

The center, located at 3131 E. Thunderbird Road in Phoenix, was bought by Fortis Development LLC from Mountain View Shopping Plaza L.P. Brian Gast of Velocity Retail Group represented the buyer in the transaction.

Other tenants in the center include a Walgreens, several restaurants…

Some Fred’s employees are now sporting email signatures that feature a new office address — in Dallas.

The Memphis Business Journal recently obtained the emails of “category leader” employees for the general merchandise and pharmacy chain; those emails listed 2001 Bryan Street in Dallas, Texas, as part of their signature. Fred’s headquarters is currently — and officially — located at 4300 New Getwell Road in Memphis.

Though Fred’s has yet to comment on speculation it will move…

'The land baroness of Fremont' has turned over major investment decisions to her son, but she remains active in the Fremont Dock Co. and has no plans to develop apartments.

The past year has seen some major upheaval in the business landscape across the Milwaukee area, and that goes well beyond the considerable amount of recently completed real estate development that has changed the city’s skyline.

Nationwide, brick-and-mortar retailers are on the decline and a few big business conglomerates like General Electric Co. are breaking up. Both of those trends are hitting the Milwaukee-area business community, as GE moves ahead with a plan to spin off GE Healthcare, which…

The ownership of WestShore Plaza wants to replace Sears and a sea of surface parking with multiple buildings — including a few high rises — that could be home to anything from condos and apartments to office space to a grocery store.

Washington Prime Group (NYSE: WPG) is asking the city rezone the entire mall from regional mall, mall anchor and restaurant uses to more specific uses to make way for a massive redevelopment on the northeast corner of the property.

Sears' bankruptcy, WestShore…

It's possible that no other area home says Christmas spirit like this week's Wichita Business Journal Dream Home.

The home, 3526 N. Beach Club Circle in the gated Pier 37 community in northwest Wichita, features six bedrooms, five bathrooms and a large recreation room complete with a batting cage and synthetic turf underneath a four-car garage.

With an outdoor pool just steps from a small private beach area on the 66-acre Pier 37 lake, it's the perfect home for entertaining friends and family,…

The luxury home at 1054 W. Spring Valley Pike is 6,371 square feet and has four bedrooms. The home was built in 2002.

Click the gallery to see photos of the home.

The home has three bathrooms and two half-bathrooms. The home features formal living and dining rooms, along with a gas fireplace and a beamed ceiling in the family room. The kitchen offers a spacious center island, two ovens, and a gas range. The master suite has three walk-in closets and a private laundry area, along with double vanities…

If you want to live in Arizona's most exclusive ZIP code, you better bring home a lot of dollar bills.

Paradise Valley 85253 is the only ZIP in the state with a median home value north of $1 million, according to data compiled by Zillow Group (Nasdaq: Z). To live there, one must earn nearly $300,000 a year, according to a Business Journals analysis of home-value data and mortgage rates in more than 15,000 ZIP codes nationally.

The analysis determined each neighborhood's minimum salary threshold…