Real Estate Blog

The parcel was previously zoned for a planned community district, but no master developer signed on to install the necessary infrastructure.

After years of delay, Waller Park Place could finally be gaining momentum now that McCourt Global is on the hunt for new partners for its $1 billion mixed-use complex near the historic Rainey Street district. ABJ talked with McCourt as well as another interested partner on what's next in this massive downtown development opportunity.

Upscale apartment complex under construction.

For the first time in more than two years, San Francisco office rents creeped up by 2.2 percent to about $76.28 per square foot during the second quarter, according to brokerage firm JLL.

Rents are finally moving up despite years of blockbuster leases because most of the new office space coming on the market in San Francisco is leased up. For the past few years, new office buildings helped relieve the booming demand, but the city hit a dry spell for new space.

“Rents were pretty stable because…

Yes, Seattle has some big challenges, including homelessness and traffic congestion, but the real estate industry leader says the city has the smarts and the will to overcome them.

Lennar Homes acquired a 32.2-acre site near Homestead for $9.5 million with plans to build a townhouse community and some commercial space.

SFI Palm Tree Farms LLC, an affiliate of New York-based iStar Financial, sold the tree farm at 11406 S.W. 248th Street to the Miami-based homebuilder, a subsidiary of Lennar Corp. (NYSE: LEN). The property was seized in foreclosure in 2012 from an agricultural business.

As previously reported by the Business Journal, Lennar filed an application with Miami-Dade…

Discount grocery chain Aldi Inc. has confirmed plans to open a store at Gravois Plaza in Tower Grove South.

The company said Friday that it will open a new location at 3865 Gravois Ave. to replace the current Aldi store located at 3721 S. Grand Blvd. Aldi did not provide further information on the new store.

“It is still too early to confirm additional details at this point, however, we will be sure to share more information once available,” Rob Jeffries, O’Fallon division vice president…

The Kansas City area's last Sears service center will close — and the Overland Park building is now for sale.

While the building was used by Sears Holdings Corp. (Nasdaq: SHLD) as a parts and service facility, it is zoned for different uses as well like printing, laboratories, commercial pickup, warehousing or as a showroom or service center.

Located off U.S. Highway 69 and near Interstate 35, the 21,316-square-foot facility at 9000 Nieman Road was built in 1980. Nathan Anderson, a partner with…

GrayStreet Partners will need more time and additional approvals to continue work on renovations to the Print Building.

If approved by the village, the projects would bring more than 50 homes to the village.