Real Estate Blog
Ohio apartment developer enters Atlanta market
The NRP Group is launching an Atlanta office headed by Johnson Bazzel, vice president of development. Bazzel was formerly a development executive with Atlanta-based Wood Partners.
Warriors’ Coach Steve Kerr pays 26 percent over asking price for Presidio Heights home
Just as the Golden State Warriors are preparing for their new address at the Chase Center, Coach Steve Kerr has gotten some new digs of his own.
The National Basketball Association three-time championship coach purchased a 4,000-square-foot Presidio Heights home for $7.35 million — 26 percent higher than the property's $5.799 million asking price. The premium equated to Kerr paying $1,837 per square foot.
Complete with four bedrooms, 3.5 bathrooms and a two-car garage, the house includes sweeping…
Honolulu lags in single-family rent growth
Honolulu experienced its first two months of single-family home rent increases in May and June after seven months of year-over-year declines, but an analysis by CoreLogic shows Hawaii’s largest rental market lags behind the national average.
Honolulu posted a 1.1 percent year-over-year decline in January but gained 1.4 percent as of June, compared to June 2017, CoreLogic (NYSE: CLGX) found in a six-month analysis of its single-family rent index for 20 metropolitan areas.
Nationally, the single-family…
$100 million Berkeley apartment project breaks ground
Mill Creek Residential broke ground today on what will be the biggest residential project under construction in Berkeley — with a price tag over $100 million.
The 2133 University Ave. site, called Modera Acheson Commons, will encompass about an acre of the city's downtown and include 205 apartments. Completion will require a mix of restoration work and new construction across three buildings.
It’s about two blocks from both the university and the Downtown Berkeley BART station, making it sought-after…
Our View: The history of Prop. 13 is a tale that doesn’t bear repeating
It can be argued that the seeds of California’s rampaging inequality crisis were in large part sown two generations ago by Prop. 13. But they wouldn’t have grown to such troubling heights without careful tending in the years that followed.
Given the chance, voters have consistently doubled down on 1978’s Prop. 13 with a series of add-ons.
• Prop. 58, eight years later, made Prop. 13 hereditary: Homeowners can pass on their protected tax assessments when they pass on homes to their kids…
Midrise condo tower planned near USF in downtown St. Pete (Renderings)
A developer is planning to build a small condominium project in downtown St. Petersburg, near the city's burgeoning Innovation District.
Named for its address, 357 on Fifth will include 13 units that range from 1,031 square feet to penthouses that are more than 2,460 square feet. Pricing will range from the upper $500,000s to $1.35 million.
The development team, which includes Dr. Julie Kessel, paid $850,000 for the site in March, according to Pinellas County property records. The property is…
Affordable housing coming to Lone Tree along with new light rail stop
The city of Lone Tree, known for its golf course and luxury shopping mall, is now slated for hundreds of units of affordable rental housing centered around a forthcoming light rail stop.
Lone Tree’s City Council unanimously approved Coventry Development’s “attainable housing plan” for the eastern side of the company’s long-in-the-works RidgeGate neighborhood on July 17. The plan calls for a minimum of 350 housing units that will be reserved for residents making between 40 and 60 percent of the area median income for the Denver-Aurora-Lakewood statistical area. Of them, 150 will be reserved for people age 55 and over.
“Attainable housing was always part of the vision (for RidgeGate),” Keith Simon, Coventry’s vice president and director of development said of the master-planned community that was annexed into Lone Tree in 2000. “The issue has certainly gotten more important, and I think the city realizes that. They are in total alignment with us that it is a critical component to buil..
Conshohocken company buys Berwyn office complex
Cassford Corporate Center consists of five properties located at the intersection of Swedesford Road and Old Cassatt Road.
Baltimore-Washington casino market is now the fourth-largest in the U.S.
Local gamblers are putting a lot of chips on the table.
The Baltimore-Washington region has become fourth-largest casino market, bringing in $1.77 billion in gaming revenue in 2017 and surpassing New York City at $1.57 billion, according to an annual report from American Gaming Association.
The three casinos that comprise the region — MGM National Harbor in Oxon Hill, Live Hotel and Casino in Hanover, Maryland, Hollywood Casino at Charles Town Races in Ranson, West Virginia — brought in $608.6…
Whole Foods Market opens soon in Capitol Hill
Whole Foods also offered an update on its long-delayed West Seattle location.