Real Estate Blog

More senior housing is on its way to Elk Grove, in the form of a 151-unit project in the city’s Laguna Springs area.

Tucked outside of Sherman is a ranch that offers a potential buyer more than lakeside living.

The 2,245-acre Valley Lake Ranch — in Savoy roughly 15 miles east of Sherman and 70 miles north of Dallas — includes a 1,100-surface-acre lake that will belong exclusively to the buyer of the property, priced at $24.5 million.

The manmade lake, commissioned by the state of Texas in 1959 and completed in 1961, is nearly the size of White Rock Lake. With depths up to 38 feet, the body of water is ideal…

A secluded, elegant property on the shores of Lake Washington in Seattle’s Mount Baker district is on the market for $15 million. Windermere brokers Deirdre Doyle and Patrick Chinn have the listing.

“This is one of the last remaining pieces of property like this in the area with this much waterfront – it is a stunning piece of property,” says Chinn.

Doyle says this property is a rare chance to have an in-city legacy waterfront retreat with 240 feet of lake frontage.

“The house is set…

Home building giant PulteGroup Inc. (NYSE: PHM) reported Friday that one of its top executives, Harmon D. Smith, executive vice president and chief operating officer, plans to retire effective March 29, 2019.

Smith had served as executive vice president and COO for PulteGroup since February 2016. He oversees all day-to-day homebuilding operations, new home sales, architectural services and purchasing. Smith has held various leadership positions since joining the company in 1989.

Smith's total…

“I felt like I was on the cutting edge. To me, this is the next phase.”

With 375 agents across 10 offices serving Western and Central Washington, the combined Re/Max operation will be the fifth-largest in the U.S. by sales volume.

Jefferson County Clerk records show that most of the half-dozen liens pursuing more than $600,000 from Columbus-based Edwards Communities have been settled.

Developers in metro Denver are churning out so many luxury apartments it is depressing rents in the priciest neighborhoods, forcing landlords to provide more concessions and shrinking the premium tenants pay to live downtown.

But is it a bubble ready to burst? The real estate community remains divided about what comes next as a record number of units continue to hit the market in Denver.

“I personally believe that Denver is overbuilt,” Kelley Klobetanz, chief underwriter at Greystone & Co. in Denver., told attendees at a multifamily conference hosted by Bisnow in Cherry Creek on Thursday.

Charlie Williams, a senior vice president at KeyBank in Denver, countered that for four years observers have worried about overbuilding in apartments. He even passed on deals that looked too speculative, only to see them succeed.

Maybe it takes 18 months instead of 14 to fill a building, or more concessions need to be offered, but every time a new project hits the market, it eventually gets filled..

THORNTON — A statewide ballot measure that would dramatically increase the distance new oil and gas wells would have to be from homes, schools and waterways will be a job-gutting attack on Colorado’s economy, opponents say. It will deprive cities and towns of millions of dollars in tax revenues and rob thousands of mineral rights owners access to their underground property.

Or Proposition 112, known during the petition process as Initiative 97, will bring long-sought sanity to neighborhoods throughout the state, bolstering the health and safety of thousands living above or on the edge of Colorado’s increasingly industrialized energy landscape.

Those are the competing messages voters will have to sort out on Nov. 6, when they will be asked whether additional controls should be placed on drilling in a state experiencing an ongoing population boom alongside an intensifying hunt for the resources that power modern life. Specifically, the measure would increase setbacks for new wells to 2..

In the grand scheme of Denver’s transformation over the last decade, it’s just a couple blocks. But it’s hard to overlook Platte Street when more than 450,000 square feet of new commercial space has risen there in the past four years alone.

The street, in the Lower Highland neighborhood, hosted its latest grand opening event Thursday when BP unveiled its Lower 48 U.S. headquarters there.

Occupying the top three floors and 160,000-square-feet of the Riverview building, 1700 Platte St., the space features 240 glass-enclosed private offices, a three-story, X-shaped staircase and a 52-foot-long table made from a lighting-felled pine tree, among dozens of eye-popping features. Stantec was the architect for the space.

For BP, it’s what’s outside the counts.

“We wanted our employees to have access to a fantastic work-life balance,” CEO Dave Lawler said. “We’re on, I think, 500 miles of walking and biking trails right here on the Platte River. A lot of employees can walk to work from (Lowe..