Real Estate Blog

Royal Star Hawaii will begin the second phase of its $35 million project to develop its motorcoach maintenance facility on Kamehameha Highway in Kalihi this month.

A two-story, 7,400-square-feet building on the four-acre site will house both the office and maintenance facilities of Royal Star, including 75 employees.

It will ultimately house the corporate headquarters for Stars of Paradise, the parent company of Royal Star, after completion of phase three of the development project, which is…

Cincinnati ranks near the bottom of the 50 largest metro areas in the U.S. with the highest share of million-dollar homes sold, according to a report released Tuesday.

The Queen City ranks No. 41 – but No. 1 in Ohio – on the list compiled by online loan broker LendingTree, which is based in Charlotte, N.C. The top 10 were dominated by coastal cities.

In Cincinnati, 0.34 percent of homes sold for more than $1 million, the report indicated, with the median price of those homes being $1.3 million.…

An 8,000-square-foot home in Walworth that comes with an in-ground pool, theater room and a built-in wine room is on the market for $2.3 million.

Located at N2011 N. Lake Shore Drive, the 12-room home also includes a two-story brick fireplace, floor-to-ceiling windows and a master suite with a 'spa-like bath,' according to real estate agent Stacey Schultz of Keefe Real Estate.

Built in 1994, the contemporary-style home features five bedrooms, six-and-a-half bathrooms, a recreation room with bar…

Single-family home sales on Oahu declined by 4 percent in the second quarter of this year, as the median price increased by the same percentage, while condominium prices rose by 5 percent on a slight increase in sales, according to a report by Honolulu real estate firm Locations.

The median price of a single-family home as of the end of the second quarter was $785,000, compared to $757,000 during the same period in 2017, Locations said, based on Multiple Listing Service data through June 30. That…

The U.S. Securities and Exchange Commission officially filed charges Tuesday against two prominent Grapevine-based real estate investment trusts and five of its senior executives in connection with misleading investors about the source of revenues involving two of its key funds.

Lawyers for the SEC’s Fort Worth Regional Office filed a 22-page complaint in federal court in Dallas on Tuesday accusing United Development Funding, which manages a series of privately held and publicly-traded REIT…

Amazon.com Inc. is opening its second checkout-free convenience store in Seattle.

Tucked into the base of the newly built Madison Centre office tower at the corner of Fifth Avenue and Marion Street, the newest Amazon Go is significantly larger than the 1,800-square-foot store in Amazon's Day 1 skyscraper that opened to the public in January.

The Madison Centre location will be closer to 3,000 square feet, according to building permits filed with the city of Seattle.

The store at 920 Fifth Ave.…

Developers have applied for a tax break to build a five-story, 120-key hotel on Beale Street, at the site of the former Club Crave.

A 15-year PILOT (payment-in-lieu-of-taxes) was requested for new construction at 380 Beale Street. TCH Memphis LLC submitted the application with the Center City Revenue Finance Corp. (CCRFC), an affiliate board of the Downtown Memphis Commission.

The total development cost is estimated at $16.1 million, according to CCRFC documents. Hard costs are estimated at $10.5…

Brett Landes was closing on a real estate deal he was brokering for Roger Staubach’s firm in the early 1990s. He and a colleague were discussing how they would split the $30,000 commission when the legendary Dallas Cowboys quarterback decided they would each get $10,000 and the rest would go to charity.

Meanwhile, the broker on the other side of the deal was getting about $500,000 by structuring the deal in a unique way and flipping the property.

“What you two need to do,” Staubach told them,…

Nine development teams are chasing an opportunity to rehabilitate up to 22 historic buildings at Fort Scott, a sprawling campus tucked into the northwest corner of the Presidio with expansive views of the Golden Gate Bridge and Pacific Ocean. The site is the largest redevelopment opportunity left within the national park.

A hotel developer in Cary is denying that it paid people to show up to a Cary Town Council meeting to speak in favor of its project, but council members are skeptical.

The controversy began when an anonymous ad surfaced on Craigslist last week. The post sought 20 people who would attend the meeting and give support for an unnamed development proposal.

The attendees should be “clean and well kept people,” the ad states. A phone number was provided for interested participants to call. They would…