Real Estate Blog
Median home price on Oahu increases 3% to over $800K
Oahu’s median price for a single-family home has for the first time broken the $800,000 mark after a year in which the median price has not gone below $760,000 once, according to statistics from the Honolulu Board of Realtors.
The median price of $810,000 in August was a 3 percent increase from $786,250 in August 2017 and an all-time high for the market, surpassing by 1.8 percent the previous high of $795,000 set in June 2017. The local real estate firm Locations also reported the $810,000 figure…
Roseville defers senior housing project’s development fees
The city of Roseville deferred a senior independent living project's fees in an effort to incentivize and streamline its development.
Upstart 50 Creatives: Redesigning justice, one step at a time
The co-founders of Designing Justice + Designing Spaces are building better environments to promote healing and communication.
Letter from the editor: If Amazon picks Austin for HQ2, here is where I think $5 billion campus will rise
Allow me to broadcast my answers to the three most common questions I get nowadays:
Is Amazon.com Inc.'s HQ2 coming here? Nobody knows — not even Mike Rollins, president of the Austin Chamber of Commerce. He submitted Austin's bid but is being kept in the dark so far like the rest of us, he said.
Would HQ2 be good or bad for Austin? Both. As with anything on an economic level, there would be winners and losers. Need more? Just look around at what's happening to Austin and know that all the pros…
Phoenix sees significant increases in apartment rents
Average monthly rent for Phoenix apartments over the past 18 months increased at a rate that ranked in the top five for major U.S. cities, according to a new study by RENTCafe.
Phoenix saw a 6.8 percent increase in average monthly rent, from $933 to $996, based on data collected from January 2017 through July 2018. That rapid escalation placed them second nationally for big cities, just behind Queens, New York, which saw an 8.4 percent increase.
Still, Phoenix lags in overall cost relative to…
Partners of the Year: ARS is all in for the Ellie Fund
ARS and the Ellie Fund are among the Business Journal's Partners of the Year award honorees.
SABOR votes out new CEO after three months on the job
The board of the San Antonio Board of Realtors voted to terminate the contract of CEO Shane Johnson on Wednesday. The organization said a difference in visions for the organization's future and its mission prompted the move.
SABOR's 2018 Chairman of the Board Lorena Peña declined to specify details about the termination. Johnson joined SABOR on June 18 following his previous stint as the CEO of Cape Fear Realtors on North Carolina's coast. Peña says no interim CEO has been named at this time.
Johnson…
How Oregon Works: Why the construction industry is Oregon’s job builder
The number of people employed in Oregon's construction industry hit a peak in 2008, when nearly 92,000 people worked in construction trades, only to have the Great Recession incite a two-year decline.
But it didn't stay down for long, and it's still going: Since 2010, the state's construction workforce has increased by 46 percent, reaching a new peak of 96,800 by the end of 2017.
As the data here shows, it's only just getting started.
The construction industry is expected to grow its workforce…
Our view: California takes bold action on housing — with the boldness removed
By reliable estimates, California is short of the homes it needs by about 3 million. It’s an accumulated deficit that not only gets larger each year, but in recent years is getting larger faster.
Given that trajectory, it should be beyond argument that bold action to stimulate more housing is needed — action that, by definition, will disrupt the status quo. That status quo simply isn’t working. It’s failed millions of current and future Californians who need to be able to afford a place…
NRP Group apartment project on Broadway clears first HDRC hurdle
A new mixed-use project on Broadway Street and Jones Avenue being developed by The NRP Group and Blue Star developer James Lifshutz has cleared its first Historic and Design Review Commission hurdle.
On Wednesday the project was conceptually approved following a short presentation by representatives from The NRP Group. The project will need final approval from the HDRC to move forward. As reported on Monday, the proposed five-story, 283-unit apartment complex — tentatively named 1011 Broadway…