Real Estate Blog

If favorable and Denver’s housing market are mentioned in the same sentence these days, it’s from the perspective of sellers and builders.

Certainly not from the point of view of buyers.

Which is why it was surprising when Denver and several metro-area cities were ranked high on a new list of favorable housing markets for first-time homebuyers.

A deeper dive into the criteria used by WalletHub revealed why Denver would rank No. 7 among large cities (population of 300,000 and up) and No. 51 overall on the personal-finance website’s list.

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Three main categories were conside..

“A little strange.”

That’s how Denver-area native Brian Zielenski described seeing a Target on the city’s 16th Street Mall when he walked by the not-quite-open-to-the-public store Tuesday afternoon. When he thinks of 16th Street, he thinks of restaurants and shops that sell T-shirts with pictures of the mountains on them to tourists.

“I guess I just don’t picture a big-box store like a Target or a Best Buy or a Walmart — that kind of large-format store — being on the mall,” he said.

What was disorienting for Zielenski was celebrated by some top city leaders Tuesday afternoon. Mayor Michael Hancock and City Councilman Albus Brooks attended a ribbon-cutting ceremony and sneak peek event at the store located at 1600 California St. It opens to the public at 8 Sunday morning.

Brooks, who represents the Central Business District on City Council, celebrated that a reported 60 percent of the store’s workforce so far lives within 5 miles of it and represents a diverse cross section of Denve..

A Catholic-run soup kitchen in Aurora that provides hot lunches to approximately 150 people a day may have to shut down if the owner of the building in which it has operated for three decades sells the property.

While that is a daunting prospect on its own, there is a complicating factor in the mix. The landlord for Friends of St. Andrew’s hospitality center at Colfax Avenue and Dallas Street is not just any landlord — it’s Regis University, Denver’s 141-year-old Jesuit Catholic institution of higher learning.

The result is an internecine, and somewhat awkward, dispute that pits two Catholic institutions — Regis and Queen of Peace Catholic Parish in Aurora — against each other, while raising soul-searching questions about mission and purpose in a faith community with half a million adherents in metro Denver.

Queen of Peace runs the Friends of St. Andrew’s program with 80 volunteers and a commissary kitchen and food pantry. It also provides an address for those without a home to get ..

Taylor Morrison Home Corp. (NYSE: TMHC), a Scottsdale-based homebuilding company, has added two women to its board of directors, making it the first majority-female board among public homebuilders.

The company said Thursday it added Denise Warren, a former New York Times executive, and Andi Owen, former Banana Republic global president, to its board, making it a now 4:3 female-to-male ratio.

Of the 4,800 companies listed on the NYSE and Nasdaq, less than 1 percent have majority-female boards, 14…

A Bay Area investor has scooped up three Sacramento-area properties in a matter of days, with plans to develop one in downtown Sacramento.

New projects on BART property don’t happen overnight. It took 20 years to break ground at the Walnut Creek Transit Village, while Bridge Housing’s 200-unit project at the San Leandro station started construction after a decade.

It’s not clear where exactly the $565 million West Oakland BART mega-project will fall on that spectrum. Three years into negotiations, BART staff recently moved to extend the exclusive negotiating agreement with the developers until next June.

The development team…

This California apartment builder spent the last few years planning the estimated $46.2 million complex, dubbed Lake Monroe Apartments.

Despite seeing a drop in multifamily building permits, Denver is the nation's seventh-hottest apartment building market, according to data released Wednesday by Richardson, Texas-based apartment data firm RealPage Inc.

In the year ending in May 2018, Denver saw 10,343 multifamily homebuilding permits recorded, a 14.4 percent year-over-year increase.

New York City, with 30,562 multifamily permits, is No. 1, followed by Dallas, with 20,191 permits.

The Seattle area ranked as the third-hottest apartment…

Homearama, the nation’s oldest luxury home showcase, opens to the public Saturday, July 21.

Highlands at Heritage Hill, a new subdivision in Warren County’s Union Township, is hosting the 55th edition of Homearama. Dan Dressman, executive director of the Home Builders Association of Greater Cincinnati, said this year’s Homearama will be unique, as all of the homes will be over $1 million and a couple are priced at more than $2 million.

“It will be a show we haven’t had in many years,”…

The CEO of the Memphis Area Association of Realtors (MAAR) announced her resignation Friday.

Melanie Blakeney, who has held the job for more than six years, will continue leading the organization until Oct. 8, at which point she'll transition into a consulting role, according to a news release.

Blakeney has worked for MAAR in some capacity for 19 years. She said she is stepping away to take another job but declined to discuss that job.

“I’m very committed to seeing MAAR remain, a stable and…