Real Estate Blog

After the city of Phoenix Planning Commission could not get the required quorum to vote on the proposal, a controversial project proposed near Scottsdale Road and Kierland Boulevard will head to the Phoenix City Council for consideration at its meeting Wednesday.

The development, proposed by DMB and Circle Road Cos., is planned to contain approximately 170 multifamily residential dwelling units, 210 hotel rooms and other commercial uses on 1.93 acres.

The Paradise Valley Village Planning Committee…

A historic Denver campus will soon become a mixed-use space with offices, retail and a hotel.

Anytime Fitness was the ninth fastest-growing franchise by sales in 2017, according to the newly released Franchise Times Top 200+, which ranks the largest franchises in the U.S. by global systemwide sales.

Woodbury, Minnesota-based Anytime Fitness, the fifth-largest franchisor in Minnesota, saw sales increase by 19.2 percent from the prior year. As of December 2017, the firm had 2,355 total franchised units — four are open in Hawaii, on Oahu and Maui, while a fifth will open in Aiea, possibly…

Hawaii-based Nordic PCL Construction has been awarded a military contract worth $41.47 million for the construction of an F-22 fighter alert facility at Joint Base Pearl Harbor-Hickam.

The facility will be built at Joint Base Pearl Harbor-Hickam with a completion date of Dec. 31, 2020. The funds were obligated from the fiscal 2016 military construction budget, the Department of Defense said in its announcement on Monday.

The U.S. Army Corps of Engineers was the contracting authority.

Nordic last…

As retail sputters in some places around the country, Silicon Valley retailers and property owners are facing a different challenge: How to compete in a market where investment is still hot in the retail sector.

The Great Mall in Milpitas is one of those looking for a competitive edge in a region where the traditional malls are either going by the wayside or upping the ante to create a space that offers not just shops, but experiences.

Indianapolis-based Simon, an international shopping center…

Councilmember Kymberly Marcos Pine introduced Resolution 18-208 on Thursday.

The owners of an iconic modern home in the Upcountry Maui town of Kula, one of only seven houses designed by Italian architect and designer Ettore Sottsass, listed the house for sale this week with an asking price of $9.8 million.

The owners, designer Adrian Olabuenaga and his designer wife, Lesley Bailey Olabuenaga, commissioned Sottsass, founder of the Memphis Group design and architecture studio, to design the house, which was completed in 1997.

The Olabuengas are founders of Acme Studios Inc.,…

Pinefino is the first big housing project to hit the market in downtown South San Francisco. Together with the hundreds of other units in the pipeline, the project will help transform the area.

Raleigh’s FMI Corporation, which provides management consulting and investment banking services to engineering and construction firms, has released its U.S. third-quarter 2018 Construction Outlook.

The report forecasts construction industry output for the nation throughout the remainder of the year.

Overall, total engineering and construction spending is forecast to increase 6 percent, compared to a 5 percent increase in the same quarter last year. This increase is expected to be led by the top-three…

A divided Delaware City Council has given a Dublin developer the green light to begin building 240 apartments.

After pushback from the city on density and height issues, council members voted 4-3 in favor of allowing Dublin-based Metro Development LLC to build Seattle House Apartments on 24.2 acres along Rts. 36/37.

Mayor Carolyn Riggle casted the deciding vote.

“I feel this is a great use for the property, based on input from the business leaders,” Tre' Giller, president of Metro Development,…