Real Estate Blog
Executive Inc: Clarence McAllister gives back to the next generation of entrepreneurs
McAllister, the owner of Fortis Networks in Phoenix, came to the United States from Panama with a full-ride scholarship to college. He hasn't forgotten his roots, and is looking to inspire other minority entrepreneurs.
Quarles & Brady adds first zoning attorney to Phoenix office
The attorney operated his own firm prior to joining Quarles & Brady.
Metro Denver apartment rents may fall as landlords cut more deals
Apartment rent increases in metro Denver continued to moderate in August, and the chances are strong that desperate landlords may cut more deals in the months ahead, according to two new rent surveys.
The median rent for a one-bedroom unit in Denver listed on apartment search engine Abodo fell 2.1 percent to $1,509 the past month, while the rent for two-bedroom units fell 2.64 percent to $1,880
“Apartment vacancies are creeping up and with the huge amount of new developments and apartment starts in Denver, developers are offering concessions in the local market,” said Sam Radbil, a spokesman for the company, based in Madison, Wis.
So many units are hitting the market that more developers and property managers are offering price breaks and free months of rent to fill vacant units, he said. Also, with the peak moving season over, leasing managers know the competition will become more intense for the smaller number of tenants out there.
“This isn’t just a trend seen in Denver. All acr..
Luxe restaurants want a slice of Orlando’s retail market
These potential restaurants range from concepts already in South Florida to concepts new to the Sunshine State.
Microsoft buys ‘huge piece of dirt’ in the Arizona desert
The tech company bought 272 acres of land west of Phoenix.
Bucks ‘really early’ in determining redevelopment plan for Bradley Center site
While a Milwaukee Bucks executive says the team’s leadership is just starting to explore redevelopment concepts for the soon-to-be demolished BMO Harris Bradley Center, they are looking beyond restaurants and bars.
Tech firm buys significant chunk of land in Goodyear
The company bought the land on the southwest corner of MC 85 and Lower Buckeye Road.
Decision on convention center site could come down to mayor
The decision over whether a convention center and hotel proposed for downtown will be built at the Shipyards or at the site of the former courthouse and city hall annex could ultimately come down to Mayor Lenny Curry’s administration, not the Downtown Investment Authority.
Though the DIA has received three responses to a request for proposals regarding building a center at the old courthouse site. It also received an unsolicited submission by Iguana Investments, a firm owned by Jaguars owner Shad…
Developer’s plan for 400 apartments runs into resistance in Delaware
A developer hopes to build 400 apartments in two complexes in Delaware, but city officials aren't so sure about the projects.
Delaware City Council heard plans from Metro Development to build two complexes: The 240-unit Seattle House Apartments on 24.2 acres along Rts. 36/37, south of Bowtown Road and across the street from the Glennwood Commons development, and the 160-unit Highpointe Place Apartments on 16.7 acres off of Botown Road, just west of the Village Gate Apartments.
Council plans to…
Hines’ multifamily construction affiliate files for Chapter 11 bankruptcy
The filing comes months after the company was sued by an apartment developer in Florida for alleged construction defects on a 306-unit apartment project in Orlando.