Real Estate Blog

Construction is ratcheting up and a surge in new units are making their way to the Buckhead apartment market, a dynamic that is making its mark on the rents owners can charge.

But the growth doesn’t seem to be having a significant impact on overall occupancy – or on the popularity of this market as a venue for development.

According to statistics supplied by the Atlanta office of Colliers International, total inventory in Buckhead’s apartment market hit 21,160 units as of the end of first…

The sale of the former Loretto Heights campus in southwest Denver has been finalized and Westside Investment Partners, a Colorado real estate company, is the new owner.

Westside, a Glendale-based private commercial real estate investment and development group, purchased the 75-acre parcel on South Federal Boulevard from Colorado Heights University.

The closing was announced Tuesday on Denver City Councilman Kevin Flynn’s District 2 Facebook page. “My office will be scheduling meetings between the developer and my stakeholder committee, the Registered Neighborhood Organizations and other involved constituencies,” Flynn said.

A meeting was held Tuesday night at Parish Hall at the Church of All Saints, 2559 South Federal Blvd., with the new owners, neighbors and stakeholders, mostly members of the nearby Dartmouth Heights Home Owners Association.

Residents are extremely concerned about redevelopment of the property bringing more traffic to the area.

“Traffic, traffic, traffic. I thin..

Aurora Loan Services LLC will pay a $41 million fine for what the U.S. Attorney says were fraudulent loans from 2004-08 under an agreement with the government announced Thursday.

The mortgage company that was headquartered in Littleton now has minimal assets and no employees, according to a news release from the U.S. Attorney District of Colorado’s office.

During the four-year period in question, the company, a subsidiary of Lehman Brothers, sold loans that it said had gone through a “pre-funding fraud detection” review when it fact they hadn’t, according to the release.

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Denver homeowners this fall will have another option available to them when it comes time to sell. They can ask Zillow, the online real estate marketplace, to make them a cash offer.

Whether it will be an offer they can’t refuse is another matter. But Zillow said the program is designed to smooth out some of the headaches that come with trying to find a new home while selling the old one.

“Zillow Offers is designed to help address one of the biggest pain points for home sellers – the uncertainty and inconvenience of how and when they can sell their house,” Zillow Brand President Jeremy Wacksman said in a statement.

Zillow Offers is available in Phoenix and Las Vegas and is rolling out in Atlanta. Denver will be the fourth city added.

Within two days of receiving a request from a seller, Zillow will make a no-obligation cash offer or it will say pass. If an offer is made and accepted, Zillow will buy the home, prepare it for sale and then list the property. The timing of the transac..

Two Bay Area firms have made their first entries into Sacramento region commercial real estate, in a pair of $30 million-plus portfolio deals.

The property on Fourth Avenue South measures just over three acres and likely will be redeveloped as office, says a Kinzer Partners broker who has the listing.

The new and expanded leases only encompass about 4 percent of the nearly 1.3 million-square-foot regional mall, but it isn't the size that matters.

Alexander & Baldwin has hired Francisco Gutierrez, the former GGP executive who oversaw the $573 million redevelopment of Ala Moana Center’s Ewa wing, to lead the Hawaii real estate investment trust’s real estate development activities.

Gutierrez joins Alexander & Baldwin (NYSE: ALEX) as vice president of development, effective Aug. 27.

He served as senior director of development for GGP (NYSE: GGP), formerly known as General Growth Properties, overseeing the redevelopment of Ala Moana Center…

Age: 38

Title: President

Company: Menlo Group Commercial Real Estate

Hometown: Spokane, Washington

Education: Bachelor's degree, Brigham Young University; MBA, Arizona State University

Definition of success: Helping someone else become a better version of themselves.

What makes an effective business leader? Humility and drive

Mentor: Patience, empathy, selflessness

Something about you that would surprise other people: My wife and I speak Portuguese in our home daily. Mainly to talk…

Age: 38

Title: Managing director

Company: Jones Lang LaSalle

Hometown: Scottsdale

Education: University of Mississippi

Definition of success: Being genuinely happy doing what you do and how you do it.

What makes an effective business leader? A good communicator, passion, commitment and integrity.

Mentors: Pat Williams and Steve Corney

Something about you that would surprise other people: I played professional golf in my previous life.

Favorite band: Brett Dennen

Trapped on a desert island,…