Real Estate Blog
Inside some of the most expensive homes on the market
Sure, spending a day at the Saratoga Race Course is nice. But owning an estate with private stalls and an indoor arena of your own? Even better.
That's just one of the many extraordinary homes on the market in the Albany region right now. We've gathered more than 30 of the top listings, ranging from $1 million to nearly $15 million in price.
Some homes sit on peninsulas overlooking Lake George, and others are just a short walk from downtown Saratoga Springs. So whether you prefer lakeside privacy…
Michael Vick sells Florida mansion to New England Patriots player (PHOTOS)
Former NFL quarterback Michael Vick and his wife have sold their Florida mansion to a New England Patriots player for $1.4 million.
Patriots defensive tackle Lawrence T. Guy and his wife, Andrea Paola Guy, bought the 6,295-square-foot mansion at 12529 S. Stonebrook Circle in Davie, Florida. Vick and his wife, Kijafa Vick, were represented in the deal by Coldwell Banker Residential Real Estate’s Giselle Bonetti.
The price equated to $222 per square foot.
“The gorgeous property went under contract…
As company prepares to move its HQ to Denver, HomeAdvisor basks in glow of big year
When it isn’t helping homeowners find house painters, plumbers and cabinet installers these days, HomeAdvisor is basking in a warm glow.
The for-now Golden-based home services advisory company absorbed its biggest competition when its parent company IAC/InterActiveCorp acquired Angie’s List for $500 million in a deal that closed on Oct. 2 last year.
Since then the combined public company that resulted — listed as ANGI Homeservices on Nasdaq — has seen its share price grow 84 percent. It closed Friday at $23.48, up from $12.76 the day of the acquisition. It’s market cap is now $11.3 billion.
The merger itself has gone swimmingly, CEO Chris Terrill said. The two corporate cultures have blended well and Angie’s List has adapted to HomeAdvisor’s business model of providing free access to consumers and charging service providers to be on the platform.
“Mergers are hard,” he said. “They’re hard enough when you’re bitter rivals and it’s even harder when you have to bring two business mod..
Metro Denver’s minority neighborhoods piling up home equity
When it comes to measuring the biggest percentage increases in home equity since 2012, metro Denver’s minority neighborhoods can’t be matched, according to a survey from real estate brokerage Redfin.
“Urban neighborhoods that are now in high demand typically had a minority ownership. That is why you are seeing those huge price gains,” said Michelle Thomas, a real estate broker with NXT Level Properties in Five Points.
But those big gains are an outcome of the big price declines and misery suffered during the housing crash and aren’t necessarily accruing fully to homeowners when they go to sell.
Predatory lending practices last decade disproportionately targeted minority borrowers, who were also more vulnerable to layoffs during the recession. That left minority communities with higher rates of foreclosure and steeper declines in home values and home equity, said Karla Kirkpatrick-Adams, a broker with Redfin in Denver.
Start with a small amount of equity and pile on big price gains ..
Waipahu contractor awarded $22M in military contracts
Alan Shintani Inc., a Waipahu-based general contractor, was awarded nearly $22.3 million in military contracts from the Navy and the Army Corps of Engineers on Friday, the last business day of the federal fiscal year.
The company was awarded a $10.7 million contract from the Army Corps of Engineers for renovations at Schofield Barracks, with a completion date of June 30, 2020.
The $11.58 million Navy contract is a task order under a previously awarded multiple award construction contract to convert…
Big Island business group seeks consultant to develop plan for Hawaii County park
The Kailua Village Business Improvement District on the Big Island is seeking a consultant to develop a plan to revitalize Hale Halawai, a 3.2-acre oceanfront county park in the center of Kailua-Kona.
The organization posted a request for proposals on its website seeking a consultant to help the business organization develop “a community vision for a revitalized Hale Halawai.” Proposals are due on Oct. 5.
The consultant would be tasked with developing and enacting a community outreach plan,…
Graco strikes deal with Minneapolis Park Board for riverfront park near HQ
Graco Inc. and the Minneapolis Park and Recreation Board announced Friday an agreement to develop a park at the former Scherer Bros. Lumber Co. site, an 11-acre parcel north of the Plymouth Avenue Bridge along the Mississippi's east bank in northeast Minneapolis.
The agreement is expected to end a years-long legal bout between Graco (NYSE: GGG), a Minneapolis-based manufacturer of fluid handling equipment, and the city over the land near Graco's headquarters.
“To say this has been a protracted…
Real Estate Transactions, Residential
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Ground breaks on $46M Washington County event center
Looking to further revitalize the Washington County Fair Complex, city officials and others kicked off construction of a new $46 million event center in Hillsboro this week.
Designed by LRS Architecture, the new center will hit about 89,000 square feet and include exposition space and a conference center with a commercial kitchen, concessions and offices. It will be located at Northeast 34th Avenue and Northeast Veterans Drive and will also include a large entry plaza and an outdoor exhibit area.…