Real Estate Blog

A merger between two Scottsdale-based homebuilders moved closer to completion this week.

At a special meeting Sept. 26, shareholders of AV Homes (Nasdaq: AVHI) approved a merger deal with Taylor Morrison Home Corp. (NYSE: TMHC) in a cash and stock deal totaling $963 million.

AV's board of directors previously approved the move, which was announced by the homebuilders in June.

Per the merger agreement, shareholders will have the option to receive either $21.50 per common share in cash, 0.9793 shares…

Austin-based Randolph Todd Development and Illinois-based Crown Community Development are teaming to build Meyer Ranch, a 691-acre, single-family housing development in northwest New Braunfels.

The project, at State Highway 46 and South Cranes Mill Road, will have nearly 1,600 homes at full build-out. Phase one homes will start in the $200,000s. Lot sizes will range from 45 feet to 100 feet, according to site plans, and home builders expected to deliver homes in the community include Ashton Woods…

The American Institute of Architects St. Louis Chapter is once again celebrating excellence in the designed environment in the Business Journal with its 2018 Design Awards.

Confetti, acrobatic dancers retrieving the ceremonial ribbon from atop a rock climbing wall and an Eagles cover band: Simon Premium Outlets went all out Thursday to christen its now-open 330,000-square-foot shopping center in Thornton.

Perhaps that’s only appropriate for a shopping center expected to be the biggest sales tax generator — and therefore biggest funder of municipal services — in the north-metro community of more than 137,000.

More than 60 shops and restaurants in the Denver Premium Outlets, 13801 Grant St., welcomed their first guests Thursday morning. Hundreds showed up to be among the first shoppers. Once the paved parking lots near the center filled up, people parked in overflow lots and rode shuttles to the shopping center.

“I like outlet malls,” Northglenn resident Katie Easton said as she waited in a 45-minute line to sign up for the center’s VIP club. “I think it’s cool we will have one closer to us than Castle Rock, which is where I usually go.”

Beyond landing ..

Rank
Company
Number of homes closed in 2017
Number of homes under construction in metro Atlanta
2017

Information on The List was obtained through the Home Builders Association of Great Kansas City and by individual companies through questionnaires.

A new dual-branded hotel is planned next to the Cobb Energy Performing Arts Centre.

Top Atlanta developer Noble Investment Group is looking to build a 250-room hotel, possibly a combination of a Hilton Garden Inn and Home2Suites, according to the Marietta Daily Journal.

The Cobb-Marietta Coliseum & Exhibit Hall Authority board on Wednesday approved a contract with Noble to develop the hotel on land next to the performing arts venue that’s today a parking lot. Noble will purchase the land for…

A group critical of commercial development has set its crosshairs on Austin's Major League Soccer stadium deal, along with future agreements like it.

IndyAustin, a political action committee that helped kill the city's effort to overhaul its land development code, is now circulating a petition calling for voter approval of any sports stadiums or entertainment facilities on city land.

IndyAustin led the petition drive to get an ordinance requiring public approval of future land development code…

The Greenway Business Improvement District has elected a nine-member board of directors, each of whom represent properties along the Rose Fitzgerald Kennedy Greenway.

The BID directors are:

Marques Benton, The Federal Reserve Bank of Boston
Don Chiofaro Jr., The Chiofaro Co.
Jack Clark, Pembroke Real Estate
Ronald M. Druker, The Druker Co. Ltd.
Stephen N. Faber, Related Beal
Holly Masek, Ashkenazy Acquisition Corp.
Andrea Terio, The Davis Cos.
James Tierney, JLL
David Wilkinson, Tishman Speyer

Faber…

Publix Super Markets Inc. will embark on a major construction project to grow its corporate headquarters in Lakeland.

The grocer is adding 190,000 square feet to its 320,000-square-foot campus in Lakeland. The addition will be adjacent to the existing building and identical — three stories with green-tinged glass.

“To say we're busting at the seams would be an understatement,” Publix CEO Todd Jones said.

Publix has yet to select an architect or general contractor, spokeswoman Maria Brous said,…