Real Estate Blog
Condo prices rise on Hawaii’s Big Island as single-family home prices decline
The median price of a condominium on Hawaii’s Big Island rose by more than 26 percent last month despite fewer sales, compared to a year ago, while both sales and prices declined for single-family homes, according to statistics provided by Hawaii Information Service on behalf of Hawaii Island Realtors.
The median price of a single-family home on the Big Island in October was $335,000, a 12.59 percent decline from $383,250 during the same month last year. That was based on sales of 181 homes, which…
In California, they’re building housing on dying shopping mall sites
Developers across the San Francisco Bay Area are targeting unlikely locations to build walkable new communities: shopping malls.
Shopping center operators are teaming up with real estate companies on redeveloping these sprawling suburban sites with housing, restaurants, offices, hotels and event space.
In the Bay Area, mixed-use residential communities have been proposed or approved at the Shops at Hilltop in Richmond, Newark’s NewPark Mall, Fremont’s The Hub, Westlake Shopping Center in Daly…
Sales dip, but Oahu home prices rise 4%, Locations report says
Home prices on Oahu rose by 4 percent over the 12-month period that ended Oct. 31, while sales of single-family homes declined by 3 percent, and condominium sales declined by 1 percent, according to a report by Honolulu real estate firm Locations.
There were a total of 3,882 single-family homes sold from Nov. 1, 2017 to Oct. 31, compared to 3,990 sold during the previous 12-month period that ended Oct. 31, 2017. The median price of a single-family home over the most recent 12-month period was $785,000,…
351-unit apartment complex proposed for South Sac
Plans for what would be South Sacramento’s largest apartment project in the current market cycle are being circulated through city planning.
Porters of Racine block could land incentives as city preps for Foxconn housing boom
Racine officials see potential for up to 120 apartments and new stores on the vacant block where the Porters furniture store once stood, and could pledge up to $5.8 million in city financing to help make it eventually happen.
Exclusive: Small Peninsula city rejects developer’s housing plan — and tells it to go bigger
After decades of anemic housing production, Belmont is luring more housing to its El Camino Real corridor including a new proposal for 250 apartments.
Proposition 112: Claims, counterclaims continue to swirl as Election Day nears
As Tuesday’s election looms, disputes continue to crop up as to how much impact Proposition 112’s increased drilling setbacks would have on the oil and gas industry’s ability to access underground mineral deposits in Colorado.
Proponents of the measure have long contended that the oil and gas industry deliberately overstates the negative effects of 2,500-foot setbacks for new wells — which is up to five times greater than current distances — to curry favor with voters who might be concerned about an economic hit to the state from reduced drilling activity.
Last week, Prop 112 backers pointed to two new reports — a leaked industry report and a study out of the Colorado School of Mines — as supporting their contention that a bigger setback would not spell ruin for the industry.
The problem was that the report from Canada-based RS Energy Group, a research firm that studies the oil and gas sector, that appeared to show that plenty of mineral deposits would still be available if Prop 112..
Amazon is reportedly deep in HQ2 talks with a DC-area finalist
Amazon.com Inc. (NASDAQ: AMZN) has held advanced discussions about establishing its second headquarters in Virginia's Crystal City, according to The Washington Post.
The discussions have included how soon the e-commerce giant would be able to move its employees to the Arlington County neighborhood and which buildings it would occupy, according to the report, which cites anonymous sources close to the process. The bid also includes sites in the adjacent Potomac Yard neighborhood in Alexandria.
The…
Amazon in advanced talks to put HQ2 in Virginia, report says
Amazon.com Inc. (NASDAQ: AMZN) has held advanced discussions about establishing its second headquarters in Crystal City, Virginia, according to The Washington Post.
The discussions have included how soon the e-commerce giant would be able to move its employees to the Arlington County neighborhood and which buildings it would occupy, according to the report, which cites anonymous sources close to the process. The bid also includes sites in the adjacent Potomac Yard neighborhood in Alexandria.
Boston…
Report: Amazon close to selecting Crystal City for HQ2
Amazon.com Inc. has held advanced discussions about establishing its second headquarters in Crystal City near the Pentagon in Washington, D.C., according to The Washington Post.
Sources tell CNBC Austin may have a shot at getting at least some of the HQ2 jobs. Get that story here. In Austin, Amazon has been ramping up mightily in recent years with white-collar jobs in The Domain, though there's been no evidence that Amazon has been in deep discussions with Texas or Austin leaders of late.
In…