Real Estate Blog

The building was geared to attract patrons from Palm Beach.

Home construction is starting to blossom around the region, with builders posting strong sales.

While Denver’s booming economy is certainly good news, skyrocketing home prices and rents are not.

With the average price for a single-family home in Denver at $540,624 according to a report by the Denver Metro Association of Realtors, homeownership remains less and less attainable for many. But with the median rent for a one-bedroom apartment at $1,050 according to a report by Apartment Lists, it’s clear that being a renter isn’t much better.

The rental situation is so bad that the Colorado Center for Law and Policy believes Denver is in an eviction crisis.

When staying in your home is difficult and finding a new one is next to impossible, many renters — particularly seniors, low-wage earners and people of color — find themselves vulnerable and at risk of exploitation by dishonest landlords. The result? There were more than 8,000 eviction cases in Denver last year.

But renters gained some ground this month when a new law with a simple, common sense protection took effect: When you..

The Colorado Front Range is experiencing a tech real estate gold rush.

Between July 2017 and the end of June, tech companies took on 849,000 square feet of new office and commercial space between Fort Collins and Colorado Springs, according to research compiled by real estate firm CBRE. That’s more than double the amount of space tech firms filled in the proceeding 12 months and brings the total tech-dedicated space in the region to 17.3 million square feet.

“Colorado is witnessing tech industry expansion to a degree not yet seen this business cycle,” Katie Murtaugh, a CBRE senior research analyst and author of the company’s Colorado Tech Book 2018 report, said in a statement last week.

The appetite for space was driven by growth of local companies and those already working in the state, but also in-migration, the report found. At least 22 companies either opened new Front Range offices or moved their headquarters to the area during the 12-month study period.

Denver saw the most s..

The building will include some live/work units.

Asheboro-based PEMMCO Manufacturing is investing $1.2 million in its facilities, opening up capacity for new jobs and growing business.

Rick Powell, president of PEMMCO, told Triad Business Journal construction is expected to begin late fall on a 15,000-square-foot expansion, adding to the company's existing 50,000-square-foot facility.

PEMMCO has 85 employees, Powell said, and the company has committed to adding 20 new jobs with an average annual salary of $36,800. The company manufactures and…

Carrollton flooring company Fabulous Floors has received an investment from Pennsylvania private equity firm NewSpring and a pair of other dealers.

Fabulous Floors was founded in the late 1980s and focuses on flooring projects for commercial and residential properties. The company is riding the building boom in the Dallas-Fort Worth area and has a satellite office in Oregon.

The company’s president Joel Alhadef said in a prepared statement that the investment will help Fabulous Floors expand…

Three years later, Trader Joe’s is ready to open its Germantown store.

In August 2015, the Memphis Business Journal first reported that all signs pointed to a Trader Joe’s store opening on Exeter Road. After multiple years of speed bumps, the store will officially open Friday, Sept. 14, at 8 a.m.

Located at 2130 Exeter Road, the store marks the third Trader Joe’s in Tennessee and the first in the Memphis area.

The store will be open 8 a.m. to 9 p.m. daily and will sell both beer and wine…

Plans for Northern Kentucky University’s Town Center project are continuing to develop.

The $112.6 million town center project at the intersection of Nunn Drive and U.S. 27 was originally announced in December. It will include a 65,000-square-foot St. Elizabeth Healthcare-anchored medical office building, 30,000 square feet of retail and restaurant space, 225,000 square feet of residential space, a hotel and public parking in addition to greenspace and other amenities.

The project received preliminary…

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