Real Estate Blog

The first snow dusted Colorado Springs in late October.

Tony Hicks — San Jose resident for 37 years, Colorado Springs landlord for 4 months — didn’t take it as a sign he made the wrong move.

“It’s so much better here. It is nicer, cleaner,” said Hicks, a 58-year-old retired engineer and landlord. He sold his three San Jose rental homes this year, bought a half-dozen houses in Colorado Springs, and moved his family, along with several willing and eager tenants, to the Rockies.

Dai Sugano, Bay Area News GroupA San Jose group of friends and family left Silicon Valley for the cheaper and less crowded Colorado Springs. Tony Hicks, (fourth from left), the landlord, sold his three homes in San Jose. Pictured are, from left, Tony Hick’s wife, Fidessa Hicks, 31, Edwin Blomgren, 70, Ron Remington, 66, Tony Hicks, 58, Hick’s daughter, Jihae Cho, 8, Retta Setser, 66, Mike Leyva, 64, Tom Hartmann, 63, Daniel Harvey, 60, and Dale Delabrue, 57.“I’ve moved out of Hades and moved into heaven,” said ..

Saving $1 million for retirement is a goal many people strive for. But even if they hit that mark, a study from SmartAsset suggests, it won’t be enough to cover living costs in Denver for the really long haul.

“For any prospective retiree it can be a great start, a goal, or an aspirational figure you expect to take you comfortably through your retirement years. However, that million-dollar retirement fund will get you a lot further in some cities than it will in others,” said Steve Sabato, a spokesman with SmartAsset, a personal finance website.

A million dollars will last just shy of 21 years for someone retiring in Denver at the typical age, according to SmartAsset’s calculations, which looked at housing, food, utilities, transportation, health care and other expenses.

Denver ranked 221 out of the 268 cities examined in the study, which also looked at Colorado Springs, Pueblo, Grand Junction and Glenwood Springs. Of that Colorado group, $1 million in savings would stretch the furt..

Ever heard of “Denverization”?

In Kansas City, Mo., it’s a 13-letter word for gentrification, and it doesn’t come with Mile High City perks such as plentiful sunshine and nearby ski slopes.

The Kansas City Star published an editorial last week under the headline “Stop the Denverization of Kansas City. Troost doesn’t need to be hipster-friendly.” The editorial decries city policy that has allowed for new money and development to pour into the city’s East Side without any giveback from builders or protection for low-income residents now being priced out of their once-overlooked, minority neighborhoods.

“The East Side badly needs economic development, so what’s wrong with that?” the editorial asks. “Only that without any serious and legally binding housing policy, Kansas City is allowing its affordable housing crisis to deepen.”

Sound familiar?

K.C. Star opinion writer Melinda Henneberger penned the editorial. It references Denver just once, in the final paragraph, where it talks ab..

Former Uber Technologies CEO Travis Kalanick's new real estate investment venture has purchased the historic former Coca's Furniture Building in downtown San Jose, the Mercury News reports.

The four-story building at 82 E. Santa Clara St. sold to City Storage Systems for $7.3 million on Nov. 30, according to property records reviewed by the publication.

That's just months after an affiliate of Leisure Sports Inc. purchased the four-story, 43,210-square-foot building from the Coca family for $6.5…

The city of Mountain View has given LinkedIn approval for its headquarters expansion project, paving the way for the professional networking site to hire more than 3,000 additional employees at the campus.

The City Council unanimously approved the project on Nov. 27, the Mercury News reports.

LinkedIn, a division of Microsoft Corp., acquired the 29-acre site that sits on the border of Mountain View and Sunnyvale, in a major property swap with Google in 2015. That deal paved the way for each…

Thousands of redundant stores could close if regulators approve a merger between T-Mobile and Sprint. T-Mobile is building out a retail real estate team to help make those choices.

The recent $3.3 million sale of a Walgreens Center positioned for redevelopment highlights growing interest in the north Phoenix neighborhood.

Ohio's first newborn recovery center is seeking $150,000 for the expansion and renovation of its nursery space.

PGA leadership was in town this week for its headquarters announcement, and Darrell Crall, chief operating officer at PGA of America, sat down with the Dallas Business Journal to discuss the project.

Arrowhead Builders, an Oklahoma-based general contractor that recently opened a Chandler office, has big plans for development on the Salt River Pima-Maricopa Indian Community east of Scottsdale.

Earlier this year, Arrowhead began construction on a 43-acre wellness campus, known as Sierra Bloom, which will feature behavioral health, assisted living and memory care and multitenant medical office and retail.

“Having been a council member or president of the community for the past six years, the…