Real Estate Blog
Metro taking bids to manage MLS stadium construction
Metro is now accepting bids from potential construction managers to oversee the development of the Major League Soccer stadium planned at the fairgrounds.
Nashville Post reports that the request for quotation opened June 25 and closes July 9. You can read the RFQ here.
Pre-construction is expected to begin next month, the Post reports.
Phoenix tractor-trailer maintenance facility sells for $6.95 million
A 50,000-square-foot tractor-trailer repair and maintenance building sold for $6.95 million in Phoenix.
The facility sits on 14.4 acres at 2830 S. 51st Ave. and has 14 drive-in, grade-level doors and 24-foot clearance.
Isy Sonabend of NAI Horizon represented the seller, Wabash National Trailer Centers Inc., in the sale. TEC Equipment of Portland, Oregon, bought the property, which was built in 2000.
Wabash National is a unit of Wabash National Corp. (NYSE: WNC) of Lafayette, Indiana. TEC is…
Planning board approves Amazon warehouse plans
The 1,000,000-square-foot Amazon warehouse plans in Schodack, New York, have been approved by the town's planning board, according to WNYT.
The distribution center would employ at least 800 people full-time when it opens in the third quarter of 2019, according to Amazon.
The developer, Scannell Properties of Indianapolis, and Amazon (Nasdaq: AMZN) had representatives at the meeting to provide further details about the huge project, which has generated opposition from some residents concerned about…
Southside apartment complex purchased by Atlanta-based firm
The developer of a 474-unit Southside apartment community has sold the complex for $72.3 million to Atlanta-based Centennial Holding Company LLC.
Thornton Park Luxury Apartments apartment complex, located at 8450 Gate Parkway W., was developed in 2008 by Epoch Residential, which is based out of Winter Park. Epoch bought the property in 2015 for $61.6 million after it received a $50 million loan. It was the first time the company bought a property rather than just building it.
The property's most…
With Mueller under its belt, Catellus closer to building another huge Austin neighborhood
Catellus, which has turned Austin's old airport into the Mueller neighborhood, is now in the driver's seat to transform 208 acres of Northeast Austin into a master-planned community. Colony Park will have more than 3,000 homes.
What’s in store? Why Charlotte interior decorators are using retail spaces to help sell their visions
Who doesn’t want their home to look like a most-pinned page on Pinterest? But let’s face it, interior designers have access to a treasure trove of vendors and ideas that most people just don’t.
Arizona, national home prices increasing due to low supply
Home prices are rising in Arizona and nationally, and that's not going to change until there's more supply, according to a report out today.
CoreLogic’s Home Price Index report for May shows home prices increased nationally 7.1 percent year-over-year and 1.1 percent month-over-month.
However, consumers still want to buy despite high prices.
In Arizona, home prices increased 7.4 percent year-over-year. CoreLogic expects to report a 0.3 percent month-over-month increase for June.
The Phoenix…
Residential roundup: A look at Charlotte’s latest projects
Charlotte's stock of apartments is continuing to grow.
Several rezoning petitions approved by Charlotte City Council in June, for instance, could result in hundreds more apartments added across the city. That includes up to 330 apartments planned near Berewick Town Center and Charlotte Premium Outlets in Steele Creek as well as another 350 units proposed as part of a larger mixed-use development in east Charlotte, near the Albemarle Road interchange on Interstate 485.
And at the massive Rea Farms…
Early Uber investor buys Miami Beach mansion for $17M
A trust headed by Shervin Pishevar, an early investor in Uber and co-founder of the proposed Hyperloop One rapid transit system, bought a waterfront mansion in Miami Beach.
Fortuna 4647 Pine Tree Drive, managed by Brazilian show dog breeder Victor Malzoni Jr., sold the 13,178-square-foot home at 4647 Pine Tree Drive to the trust led by Pishevar. The price equated to $1,290 per square foot.
Dora Puig of Luxe Living Realty brokered the deal.
The home was built on the 43,900-square-foot site in 2013…
Alaskan company puts oceanfront Kauai land back on the market for $20M
A Native Alaskan company has put a prime piece of Kauai real estate — 13 oceanfront acres on the southermost tip of the island in Poipu — back on the market for $20 million after completing infrastructure improvements and securing final subdivision approval.
CIRI Land Development Co. is selling the property at Makahuena Point, which has been subdivided to 10 parcels, in bulk, according to Hannah Sirois of Elite Pacific Properties, who is marketing the property.
Improvements include roads, grading…