Real Estate Blog

After nearly a month of negotiations, the city of Austin and Precourt Sports Ventures have carved out the basic shape of a potential Major League Soccer stadium deal at a North Austin site.

The city posted Friday evening a term sheet for a professional soccer stadium at McKalla Place, a 24-acre site owned by the city just south of the Domain.

“The term sheet … is the result of the negotiations and contains the basic terms to be included in definitive agreements to be drafted by the city and PSV,”…

U.S. mortgage rates perked up this week, according to Freddie Mac.

The 30-year fixed mortgage averaged 4.54 percent for the week ending July 26, up from 4.52 percent the previous week. A year ago, mortgage rates stood at 3.92 percent.

Favorable mortgage rates have helped drive U.S. home sales and the refinance market.

“The next few months will be key for gauging the health of the housing market,” said Freddie Mac Chief Economist Sam Khater. “Existing sales appear to have peaked, sales of…

From the start, supporters have hoped Beloved Community Village would help people beyond the 13 residents who moved off Denver’s streets and into its 8-foot-by-12-foot tiny homes last July.

The village, 11 homes, a bathhouse, two portable toilets and a circular common building bounded by a brightly decorated chain-link fence at the corner of 38th and Blake streets, was meant to be a pioneer. It’s a pilot project designed to demonstrate tiny homes, arranged in a community where rules are set by the residents themselves, should be part of the solution to combating homelessness in Denver.

It’s had its challenges. Two of the original residents returned to the streets after their neighbors asked them to leave for violating village rules. The village had to move about 200 feet in January — from one side of its lot to the other — at a cost of $25,000 because of now-changed city rules governing temporary residential structures. The city chipped in $10,000.

But Beloved has persevered. A yea..

Former Interior Secretary Ken Salazar predicted the courts would throw out a ballot initiative to increase the setback on new oil and gas wells if it won a majority of votes in November.

“It is fundamentally unconstitutional,” Salazar said of Initiative 97 while addressing the State of Colorado Energy Luncheon hosted by the Colorado Petroleum Council in Denver on Thursday.

Initiative backers are trying to gather enough signatures ahead of an Aug. 6 deadline to make the ballot. The measure would require new oil or gas wells be 2,500 feet or more away from homes, other buildings and bodies of water like streams and lakes.

Drillers currently must keep a distance of 500 feet from homes and 1,000 feet from schools. Salazar, voicing an opinion he said other mainstream Democrats hold, said the measure would represent a “takings” and greatly harm the industry.

The Colorado Oil and Gas Conservation Commission estimates that the larger setback would eliminate 80 percent of the nonfederal lan..

Austin city staff are recommending the city rename streets with heavy ties to the Confederate States of America, such as Dixie Drive and Plantation Road.

But they also think the names of city “assets” with historical connections to slavery or racism— such as Duval Street, Burnet Road, Lamar Boulevard and even the city of Austin's own name — should be reviewed and discussed further.

While there's no “immediate” plan to rename those major corridors or the city's name itself, such an effort…

On course to open to students this fall, the United Community Center’s Acosta Middle School in its first year will introduce about 160 students to possible careers in the construction industry or other skilled trades.

Students have already visited the construction site of the Milwaukee charter school to see contractors pour concrete for the building, for example. See the attached slideshow for a look inside the unfinished building.

“The whole idea is if a kid wants to go to a four-year college,…

The large apartment complex is just one of many that have traded hands in recent years, as real estate investors look for return on investment in Alabama.

Four years after selling his company for more than a billion dollars, Nashville-area businessman Jon Yarbrough is returning to his roots with a new investment project.

Yarbrough, who sold Video Gaming Technologies to an Australian company in 2014 for $1.3 billion, has partnered with the Pamunkey Indian Tribe in its quest to open what would be Virginia's first casino, according to local media reports.

Earlier this year, the Richmond Times-Dispatch reported that an entity tied to Yarbrough bought…

The company has customers around the globe and is leasing more office space to accommodate its growing workforce.

Recently-filed documents for “Project Axis” list a few clues that link the 2,000-job project to Amazon – from a logo that has a “smile” to another developer connected to the company.