Real Estate Blog

Morehouse School of Medicine will break ground Friday on its new Lee Street Campus, the Atlanta Daily World reports.

The school is partnering with Carter and Oakwood Development to construct a new gateway to the Atlanta University Center in Atlanta’s Historic West End.

The first phase of the project includes 200 apartments, a medical office building and a parking deck.

Read more here.

Apartment rents and vacancies usually move opposite of each other, but they both fell in the third quarter, according to the latest Denver Metro Apartment Vacancy and Rent survey out on Tuesday.

The average apartment rent in metro Denver dropped from $1,484.02 in the second quarter to $1,464.90 in the third, a decline of 1.3 percent or $19 a month. Over the past year, average rents are up 3.4 percent.

Typically, average rents rise in the third quarter as high school and college graduates and summer newlyweds look for a place to live. But for the third year in a row, they have fallen.

You’d have to go back to when Ronald Reagan was president and the average apartment rent in Denver was $396 a month to find a streak that long, said Teo Nicolais, a Harvard Extension School instructor who specializes in real estate.

Also unusual — rents softened even as the supply of available apartments tightened. The vacancy rate dropped from 6 percent in the second quarter to 5.5 percent in the thir..

The West Valley already is a hotbed for economic development with a qualified workforce and cheap land, and now the South Mountain Loop 202 freeway is poised to become a major commerce corridor to the area.

The freeway is expected to create thousands of jobs during the next decade, said Chris Camacho, president and CEO of the Greater Phoenix Economic Council.

The South Mountain freeway is Arizona’s largest transportation project currently under construction. It runs 22 miles and connects Interstate…

The Cincinnati Ballet, which is growing both its traditional performance-based business and its Otto M. Budig Academy, says it will stay put in its building and parking lot along Central Parkway, which sits in the midst of the FC Cincinnati’s stadium site’s footprint.

With a seven-year lease on both the building and the parking lot that is extendable for another 10 years, the ballet's status is a major unresolved issue as FC Cincinnati plans to start construction on its nearby Major League…

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What is now desert will be full developed business parks within two years.

The developers of the Moana Pacific mixed-use condominium in Honolulu have purchased two parcels further down Kapiolani Boulevard, next door to the Mandarin Oriental Honolulu project.

Evershine III LP, owned by Fred and Annie Chan, bought 1659 Kapiolani Blvd. and 1673 Kapiolani Blvd., home to Club Femme Nu, for an undisclosed price in a transaction that closed on Oct. 11.

Steve Sombrero, president of Cushman & Wakefield ChaneyBrooks, represented the sellers in the transaction, Seiju Co. Ltd., Maruito…

“The impetus for headquarters relocation is alignment and teamwork,” CEO Jim Squires told analysts Wednesday.

Alameda Brewing Co.'s closure leaves an uncertain future for the its prime Northeast Portland pub and brewing operation

The office building is part of a larger $750 million mixed-use project which encompasses roughly 150 acres facing Interstate 4.