Real Estate Blog

The value of AT&T Tower fell by 20 percent due in part to its vacancy and lack of parking

A New York-based real estate firm made its first purchase in the Dallas market, snapping up a property at the intersection of Lyndon B. Johnson Freeway and North Central Expressway.

JMC Holdings LLC said it was attracted to Lakeside Square, a 410,000-square-foot, Class A office tower, based in part on its proximity to the two major highways, the Park Cities and North Texas suburbs.

With its acquisition, JMC is planning $20 million in renovations, including upgrading and expanding existing tenant…

With one month to go in the calendar year, the pattern in the residential real estate industry is holding steady.

That is, sales are lower, prices are higher and affordability is a concern.

The Buffalo Niagara Association of Realtors reported 917 single-family home transactions in November, an 11.4 percent drop from 1,035 a year ago.

Again, inventory — or lack of it — was a factor with 3,034 properties up for sale. That is off 3.2 percent from 3,135 year-over-year.

Prices continued to ascend.…

The number of mortgages in some stage of foreclosure in Hawaii declined slightly in September, as the number mortgages facing some form of foreclosure on the Big Island grew following the eruption of Kilauea volcano, according to a new report by CoreLogic.

Nationally, 4.4 percent of mortgages were in some state of delinquency in September, meaning they were at least 30 days or more past due, or in foreclosure, according to CoreLogic (NYSE: CLGX). That represented a 0.6 percentage point decline from…

Three Pinellas County men are each facing 20 years in federal prison after they pleaded guilty on Monday to criminal charges connected to a multimillion-dollar real estate scam.

Gary Kinard, 40, of St. Petersburg, Martin Steele, 46, of Largo, and Mark Boring, 47, of St. Petersburg each pleaded guilty in the U.S. Middle District Court of Florida to conspiracy to commit wire fraud and aggravated identity theft.

The men are facing a maximum of 20 years in prison and a minimum mandatory consecutive…

Median home sale prices across Greater Baltimore hit the highest November level in a decade last month. But overall, the market continued to show an ongoing slowdown.

A report released Tuesday showed the average sales price was $264,700, up 4.2 percent over November 2017 figures.

Yet while the median price increased, the sales volume in the Baltimore area dropped 12.5 percent over last November to $772 million, according to data provided by MarketStats by ShowingTime based on listing activity…

A new developer has joined longstanding efforts to transform a soon-to-be-former hospital in San Francisco's Presidio Heights into housing.

Grosvenor America, the U.S. division of a centuries-old London-based developer, agreed to team up with TMG Partners, which began the process of redeveloping the California Pacific Medical Center at 3700 California St. into 273 homes back in 2015.

CPMC expects to move all of its employees out of the 4.9-acre campus by March. The hospital, a part of the Sutter…

A joint venture between SKK Developments, The Grupe Co. and DeBartolo Development has closed escrow on the planned site for a large apartment project next to Arden Fair mall.

A Raleigh-based homebuilding company has sold to a national firm that already has a substantial presence in the Triangle, adding yet another high-profile local firm to the list of companies being acquired in the homebuilding market.

The owners of Terramor Homes have closed a deal valued at approximately $60 million to sell to D.R. Horton, one of the largest builders in the country, according to a statement from the Texas-based firm.

Before the acquisition, D.R. Horton was already among the top…

Temporary lodging startup WhyHotel Inc. — originally spun out of Vornado Realty Trust — has announced a $10 million funding round and the addition of three new operating sites in Northern Virginia.

The new funding announcement comes a little more than a month after I reported the District startup was closing in on a $10 million round and detailed its ambitious plans for national expansion. The round was led by Boston venture firm Highland Capital Partners with participation from local firms…