Real Estate Blog

Gibson Brands wants to auction off property in the Gulch as it continues to navigate Chapter 11 bankruptcy proceedings.

Nashville Post reports that Gibson has asked a federal bankruptcy court for permission to auction its Valley Arts Building. The property is the subject of a lawsuit filed against Gibson by New York investor Somera Road, which claims it agreed to buy the property in December before Gibson struck a new deal with another buyer, Starguitar LLC, a few days later. Starguitar, which reportedly…

Jacksonville is not seeing enough new development of industrial space to keep up with the demand the market is experiencing, according to a quarterly report from Colliers International Northeast Florida.

The vacancy rate dropped below 3 percent in the second quarter, and average lease rates increased to $4.95. By comparison, only two quarters ago, vacancy was at 4.6 percent and average lease rates were at $4.44, according to Colliers data.

The report said that despite “overwhelming evidence” that…

The St. Paul City Council has cleared the way for the J.A. Wedum Foundation's plan to redevelop a former school building site into senior housing, a move that will also realign the busy intersection at West Seventh Street and Lexington Avenue.

The Star Tribune reports on the City Council vote, which was needed to designate the 5.5-acre site of the former Riverside School as a “traditional neighborhood,” allowing construction to proceed.

The Business Journal reported on the J.A. Wedum Foundation's…

Hygge Coworking, a Charlotte-based operation, is entering its next chapter with plans for two more locations — nearly tripling its current office space.

Hygge (pronounced hoo-ga) opened its doors in an 8,700-square-foot space on West Hill Street on Nov. 1, 2015. About 10 months later, the coworking company reached capacity and soon after signed for a 7,600-square-foot space on Remount Road. Its most recent expansion involved taking over a 10,000-square-foot office in early 2017 at ATCO Properties…

The entity formed to develop the office building in Conshohocken has two years to get the office building out of the ground.

A two-story home located inside a gated community in Waukesha County's Lake Country is on the market for $1.29 million.

The home previously was listed at $1.49 million and was reduced to $1.4 million in April. The most recent price reduction happened in July.

Spanning 8,622 square feet, the two-story home at N27 W30323 Grand Haven Drive in Delafield features five bedrooms and seven bathrooms. Built in 2010 on a 2.12-acre wooded lot, the home also includes an indoor basketball court, fitness center,…

Dallas-based restaurant giant Brinker International (NYSE: EAT) is selling nearly 100 restaurant properties in deals worth more than $300 million.

Four Corners Property Trust (NYSE: FCPT), a California-based owner of restaurant real estate, has agreed to buy up to 48 corporately-owned Chili’s Grill & Bar locations for up to $155.7 million.

With the deal, which is expected to close this month, Brinker will sign 15-year leases for each unit sold, and Four Corners will have the option of five-year…

A pair of Homearama homebuilders have joined a group of custom builders putting up houses in Crooked Tree Preserve.

Wieland Builders LLC and Leland Group have signed on to build in the Mason neighborhood’s luxury section, which features homes priced starting at $700,000. The two builders, who are participating in this year’s Homearama, join Daniels Homes, J&K Custom Homes, John Candle Homes, Pendragon Homes and the Schnicke Co. as the luxury builders at Crooked Tree Preserve. The community…

Over the past six years, the median home value remained relatively steady or even increased in the five wealthiest ZIP codes in the Tampa Bay area (see the List on Page 6). This is in contrast to the region as a whole, which saw home values decrease by an amount ranging from around 10 percent in Manatee and Pinellas counties to just under 30 percent in Hernando. However, this is still reflective of the home value lost during the housing collapse that accompanied the recession. Home values increased…

Atlanta Business Chronicle's top real estate stories of the week.