Real Estate Blog

Louisville’s Catalpa Farms subdivision will be a popular place this weekend.

The 200-acre conservation subdivision, which will eventually have 550 lots and 80 acres of greenspace, is the host site for 2018 Homearama, a new home showcase that has been held annually for more than 50 years.

This year’s tour features seven new homes that range in price from the $500,000 range to more than $800,000, said Pat Durham, executive vice president of the Building Industry Association of Greater Louisville,…

Robert W. Kraft, chairman, president and CEO of FirstPathway Partners in Milwaukee, has sold his former 5,000-square-foot mansion in Fox Point for $1.5 million, according to a filing with the Wisconsin Department of Revenue.

FirstPathway Partners helps foreign investors become U.S. citizens through the Department of Homeland Security EB5 program. FirstPathway has provided funding to a variety of projects, including BMO Harris Bank’s new 25-story downtown Milwaukee office tower and the 3rd Ward’s…

Renters can expect to spend nearly six and a half years saving for a 20 percent down payment on a home, according to a new HotPads® analysis. It’s nearly double that in Colorado.

The median home value in the U.S. is $216,000, which means a 20 percent down payment would be $43,200. If a renter making the median income saves 20 percent of their income each month – as financial experts recommend — they would have enough for a down payment in 77 months, which is nearly six and a half years.

In Denver, because of the disparity in median home values compared to the national mark, it could take a renter nearly 12 years to save for a 20 percent down payment. The median home value in the Denver market is $398,000, so a 20 percent down payment is $79,600.

Rising rental costs make it even harder for renters to save for a down payment. Nationally, the median rent is $1,480 per month, up 2.5 percent from a year ago. Experts recommend spending no more than 30 percent of income on housing expenses..

When Toys R Us went under this spring, the Denver area lost eight retail anchor stores spread across six cities. The once-iconic chain gave almost 250,000 square feet of space back to the local market after it sold its last Barbie.

Enough doom and gloom, though. Geoffrey the Giraffe may be no more, but the last three months were a period of growth for Denver’s retail real estate scene.

The total amount of retail space soaked up by grocery stores, restaurants, gyms and other tenants grew by 65,000 square feet between the beginning of April and the end of June, Toys R Us closures included, commercial real estate firm CBRE found in its most recent market report. The long-awaited King Soopers store in Arvada’s Candelas neighborhood opened. Some big-time leases — including a 50,000-square-foot Murdoch’s Ranch and Home Supply in Castle Rock and a 26,000-square-foot Dollar Tree in Brighton — were signed. Overall vacancy ticked up to 7.3 percent from 6.9 percent, but that is largely because ..

The tenant list is coming together at the World Trade Center Denver mega project slated to open in the city’s River North district in 2020. Project partners hope the future occupant announced this week is one the whole neighborhood will want to be part of.

Pura Vida, the high-end, high-service fitness club in Cherry Creek North, has signed on to open a second club that will fill the entire second floor of the WTC Denver’s first-phase office tower, executives with the club and project developer Formativ told The Denver Post this week.

Pura Vida Studio RiNo, as the roughly 15,000-square-foot space will be known, will be a full-service health and wellness center like its sibling to the southeast. It will feature cardio equipment and free weights, plus abundant studio space dedicated to yoga classes, indoor cycling, high-intensity interval training and more. It will have access to the WTC Denver’s planned 20,000-square foot “sky garden” to take instruction outdoors.

J. Madden, Pura Vida..

A St. Augustine-based development company has purchased five parcels of downtown land that includes the abandoned Ambassador Hotel.

The developers plan to renovate the hotel — which is on the National Register of Historic Places — and build 200 apartments and 15,000 square feet of retail and restaurant space nearby.

Axis Hotels LLC, which is associated with Augustine Development Group, bought the roughly 1.5 acres between Duval, Julia, Church and Pearl Streets for $5.4 million, according to…

Outreach took the top three floors of the building, and may have new neighbors in the coming weeks.

The purchase of a 40-acre retail complex and nearby land in Goodyear indicates optimism for the Southwest Valley, city officials said.

Cleveland-based Stark Enterprises bought The Market at Estrella Falls, at the northeast corner of PebbleCreek Parkway and McDowell Road for $49.1 million from the Macerich Co. and Globe Corp. The sellers still own property east of the area.

Plans for the area include developing 10 additional acres for shopping, dining and entertainment in front of the 25-acre…

Yes, the Property Brothers are as tall as they look on TV.

A line of people weaved in and out of the craft aisles of the Michaels in Bellevue Thursday evening as fans waited for the chance to snap a photo with Jonathan and Drew Scott, known as the fixer-upper twins on HGTV’s “Property Brothers: Buying and Selling.”

The Scott brothers were unveiling their new custom-framing collection in partnership with the chain. Nashville was one of the first destinations for the brothers’ in-store meet…

This week's home sales roundup includes five houses that sold for a combined $5.3 million, despite none of them selling for more than $1.4 million.

The week's No. 4 and 5 spots were a tie between a 2003 Germantown home and a 2008 Lakeland home that both sold for $920,000.

The Lakeland home is located on a lake, at Loch Meade Drive in ZIP 38002. The dwelling holds four bedrooms and four-and-a-half bathrooms in 6,000 square feet. To see inside, click through the above slideshow, courtesy of Realtor.com.

The…