Real Estate Blog

Among this week's deals to know: Lennar Multifamily Communities bought two Scottsdale office buildings the company plans to demolish and replace with a luxury apartment community.

A five-bedroom, seven-bathroom home on Lake Harriet is on the market for $4 million.

The 8,655-square-foot home was built in 1932. It maintains a classic feel while infusing elements of modern luxury.

At 4807 Sheridan Ave. S., the home is in a highly desirable location in southwest Minneapolis.

The home is three stories and has an elevator. There's also a spacious pool in the backyard.

Taxes are $54,209 for 2018.

Barry Berg of Berg Larsen Group, a part of Coldwell Banker Burnet, has the…

Virginia Democratic Gov. Ralph Northam on Friday praised the hard work of state and local officials in convincing Amazon.com Inc. (NASDAQ: AMZN) to bring part of its new headquarters to Virginia but stressed that the commonwealth will need to do much more to attract and retain innovative companies in the years ahead.

Northam, speaking at the Virginia Economic Summit in Williamsburg, said recruiting employers like the Seattle-based e-commerce company will do much to help diversify Virginia's economy…

Metro Denver’s housing market looked like it had regained its footing in October after stumbling in September. But last month, home sales hit another icy patch, according to the monthly market trends report from the Denver Metro Association of Realtors.

There were 2,628 single-family homes sold in metro Denver last month, a decline of 17.6 percent from October and 23.9 percent below November 2017. The number of condos sold came in at 1,104, a decline of 16.6 percent month-over-month and 22.9 percent from year-ago levels.

Unlike September, when sales fell and inventories rose, fewer homes were listed on the market, a sign that sellers may be pulling away as well as buyers, who are coping with higher mortgage rates that have reduced what they can afford.

November and December can be tricky months to figure out. In November of 2017, home and condo sales were down about 13.5 percent and the supply of listings dropped 18.7 percent in metro Denver.

Sellers tend to pull back around the ho..

A long-term redevelopment plan in Cherry Creek North that calls for tearing down the Whole Foods and former Sears store has taken another step forward with a Denver City Council committee approving sale of spaces in a nearby parking garage.

The 198 parking spots, which the city would sell for $6 million, are in the garage that faces Second Avenue, between Josephine Street and Clayton Lane. The city bought them for $4.7 million in 2002 to provide parking for neighborhood workers so more on-street spaces were available for shoppers. Denver rents them out for $75 a month.

San Diego development firm OliverMcMillan wants to buy the spots as part of a major overhaul of its Clayton Lane property. The company and its partners bought the retail pieces of Clayton Lane, a collection of buildings between East First and Second avenues from Josephine to Detroit streets,for $116.7 million in January 2016, city records show.

“This is not a triggering event for redevelopment of the Clayton Lane site..

While Central Ohio can tout job gains and increased investment in the past eight years, there’s an area where the region still lags.

“In the next decade, we can’t be successful without the support of our colleges and universities,” said Les Wexner, speaking Friday as the keynote at the annual Economic Development 411 event held by Columbus 2020 and the Mid-Ohio Development Exchange. “They provide the students and the training. We’re exporting knowledge. People should be coming here.”…

A darling of the American agtech industry is expected to announce a huge expansion in Memphis.

Despite plans for a new, nearly 1 million-square-foot Seattle campus, Google has reversed course and will keep its Fremont office — an indication of its growth plans in the region and the intensity of its fight with Tableau Software for office space.

The lease was the second deal of more than 100,000 square feet in the submarket this year.

The deal, which closed Friday, was part of a larger portfolio of historic downtown properties purchased by Lift Partners and Westbrook Partners in 2016. The building has since been repositioned and will bring several new retail concepts to the area in the new year.