Real Estate Blog

Recently signed Carolina Hurricanes head coach Rod Brind’Amour is hoping to close on another deal in the near future.

The former Canes center has listed his 10,285-square-foot north Raleigh home for sale, with an asking price of $3 million.

That is according to a listing on the website of Hodge & Kittrell Sotheby's International Realty, which boasts of the home’s saltwater pool, putting green and batting cage.

Built in 2002, the home sits on nearly two acres at 12304 Birchfalls Drive and has…

Mike Sabik has the answer when someone observes that the Riverchase Estates community in Lancaster County is too removed to be an easy commute to Charlotte.

“You know what it’s too far removed from?” he asks the naysayer. “The ordinary,” Sabik answers.

Sabik is Southeast division president of LGI Homes (NASDAQ: LGIH). He’s putting on the final touches for Saturday’s grand opening of a $4.6 million amenities center at Riverchase Estates.

Two years ago, the first homes were built…

Pulte has plans to develop a 124-unit townhouse project on a roughly 10-acre site in Elizabeth. But the Elizabeth Community Association has filed a civil summons and complaint against the homebuilder, alleging that it's violating deed restrictions for the property.

The massive redevelopment of the Sparrows Point steel mill in Baltimore County will need up to $150 million in tax increment financing assistance to help build new roads and infrastructure, the developer says.

Tradepoint Atlantic officials said they are planning to push for the TIF approval from the Baltimore County Council in the coming months. The TIF would be funded through the sale of private bonds that are repaid to investors through diverted property tax revenue over a period of decades. The…

Compared to similarly-sized cities, Denver is among the more expensive places to rent, according to a new WalletHub report. However, when it comes to quality of life, Denver is in the top third of cities.

The WalletHub report ranked the best and worst cities to rent in America, using “Rental Market and Affordability” and “Quality of Life” as its metrics. Denver ranked 127th out of 182 cities when it came to “Rental Market and Affordability.” In terms of “Quality of Life,” Denver was ranked 61st. Factoring in both these rankings, Denver was ranked 86th overall in terms of the best cities to rent in America.

Overall, cities with a higher quality of living tend to see higher costs of living, said Teo Nicolais, an instructor at the Harvard Extension School who specializes in real estate.

“Real estate prices reflect the desirability of the land and that’s what we see here,” he said.

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With home prices in metro Denver up 65 percent, renting long-term may not be a bad o..

A Westminster sewage collection network in so overtaxed and outdated, the City Council has enacted a year-long moratorium on new development that would feed into it.

The health and well-being of city residents is believed to be at stake.

The 22-mile-long Big Dry Creek Interceptor Sewer system collects sewage and wastewater from about two-thirds of the city of more than 110,000 people. It serves nearly all of Westminster north of West 92nd Avenue and south of 124th Avenue.

After being briefed about the sewer’s capacity, age and condition issues last week, the City Council on Monday night unanimously adopted an emergency ordinance that freezes acceptance of new, large-scale development proposals in the area served by the Big Dry Creek network for up to a year.

“The (sewer) system is now at a trigger point of risk that warrants both near-term mitigation measures, as well as longer-term expansion to support continued development,” a staff memo recommending the emergency ordinance read…

The Phillips 66 property in Louisville, an inactive 432-acre site that was pitched as a possible Amazon HQ2 location, is back on the market after a deal to sell it to a California real estate investment firm failed to materialize.

“We are continuing to actively market the property,” Phillips spokesman Dennis Nuss said Monday.

A representative with the Bancroft Capital investment group told the Daily Camera last year that the company intended to buy the property from Phillips 66 with the aim of luring Amazon to the city. The estimated $50-million sale was expected to be finalized in the first quarter of 2018.

The site, just off Northwest Parkway and U.S. 36, has been mostly vacant for the better part of a decade.

To read full story, go here

Good news Denver residents: The city ranks among the top 15 cities to live in, according to a new WalletHub report.

The study assessed a total of 62 cities with populations over 300,000 and Denver ranked number 12 overall. To determine the top cities, the report looked at five equally-weighted areas: affordability, economy, education and health, quality of life and safety. Denver took fifth place in the economy category, though it ranked 30th in affordability.

Overall, Colorado cities fared well in the report, with Colorado Springs ranking ninth and Aurora 22nd. Colorado Springs took second place in the affordability category and was among the top 15 cities in terms of its economic, education and health rankings. Aurora was in the top 10 cities for the economy ranking, coming in eighth place.

Meanwhile, cities such as St. Louis, Baltimore, Cleveland, Memphis and Detroit ranked at the bottom of the list with lower economy, education and health rankings.

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