Real Estate Blog
From salt ponds to neighborhoods, Newark pushes to create waterfront community of over 300 homes
The Newark waterfront has traditionally been an industrial hub dotted with railroad tracks and salt ponds, but it may be soon be transformed into a walkable, dense neighborhood.
The city wants to add 331 homes to the site. Integral Communities has proposed 193 detached homes on 17 acres at the western edge of the city, while Trumark Homes plans to build 138 single-family and townhomes at 8610 Enterprise Dr.
Earlier this week, the Planning Commission recommended both projects for approval next…
Developer and elite private school team up on San Francisco’s first high school and housing tower
Mixed-use tower are pretty common in San Francisco, but so far, no one has combined housing and a school in a single building — until now.
Denver’s home prices are high, but so is the return on investment
America’s most profitable housing markets
A listing of the most profitable housing markets compiled by realtor.com. Included are the average annualized return and median home list price.
1. Bridgeport, Conn. — 14%, $789,100
2. Detroit, Mich. — 12%, $260,000
3. Seattle, Wash. — 12%, $582,400
4. San Jose, Calif. — 12%, $1,240,300
5. Palm Bay, Fla. — 12%, $270,000
6. Denver — 11%, $467,600
7.Providence, R.I. — 11%, $350,000
8. Boston, Mass. — 10%, $529,100
9. Nashville, Tenn. — 10%, $368,000
10. Portland, Ore. — 10%, $477,500
The downside of the Denver metro’s rising housing costs is obvious: a smaller and smaller percentage of residents can afford to buy a home. But for those who can, the return on investment in Denver is one of the most advantageous in the country, according to a recent survey by realtor.com.
The analysis found that the median return for homes was 8 percent nationally over the past year. Of the 100 largest metro areas, the annual return was as high as 14 percent and a..
Why an Atlanta developer is bucking a decade-long trend to build spec in Memphis
To understand why Robinson Weeks Partners bucked the long-term trend and to determine whether or not this could be the start of speculative development flowing back into Memphis, the Memphis Business Journal chatted with RWP president David Welch.
Bail reform legislation could mean over a dozen empty storefronts downtown
The bill to abolish cash bail could cause bail bond agencies to shut down.
Sears real estate spinoff finds money redeveloping former store sites
In 2015, Sears Holding Corp. sold more than 230 of its Sears and Kmart stores to a spinoff called Seritage Growth Properties.
Now some of those former Sears retail sites are being successfully developed by Seritage into new usages, including commercial, residential and retail.
For example, Seritage (NYSE: SRG), the New York-based real estate investment trust, is redeveloping a former Sears store in Santa Monica, California, into a modern office and retail development, according to L.A. Biz.
In…
Kushner Cos. pays fine to NYC regulators
Kushner Cos. paid a hefty fine to New York City regulators for allegedly lying about the number of rent-regulated tenants it had.
The family-run real estate company was fined $210,000 for routinely filing false documents with the city claiming it had no rent-regulated tenants in its buildings. In fact, it had hundreds.
The Kushner Cos. said it relied on “third-party consultants” to prepare its applications for construction permits, and the errors “have been corrected or will be.” (h/t Associated…
At big brokerage firm, new owners crack group of ’60-year-old white guys’
CEO Janet Miller and a top-producing broker buy ownership stakes in what was the fourth-biggest commercial real estate firm in Middle Tennessee last year.
PHOTOS: Dual-branded hotel joins Charlotte’s skyline
This 22-story dual-branded hotel will welcome its first guests on Tuesday.
AC Hotel — the city’s first — and Residence Inn Charlotte City Center are located above the EpiCentre at 210 E. Trade St.
The two-and-a-half-year, 200,000-square-foot project is a joint venture between Charlotte’s Vision Ventures and Florida-based McKibbon Hospitality.
“It fits well in an urban environment,” says John McKibbon, chairman of McKibbon Hospitality.
In total, it brings 300 rooms to uptown across…
Adidas breaks ground on Portland campus expansion (Photos)
The project will more than double the size of the company's North American headquarters and create space for 1,000 new jobs.