Real Estate Blog
Birmingham real estate firm expands into 3 new states
A Birmingham-based real estate company is expanded into three new states.
Lake Homes Realty recently established real estate brokerage operations in Maine, Michigan and Florida.
“Entering these states has been a milestone for Lake Homes Realty,” said CEO Glenn S. Phillips. “We are now working from the top to the bottom of the eastern United States. This is really an exciting time for our brokerage.”
Phillips said the market expansions fall in line with the company's annual goals. At the…
Kentucky developer planning 535-unit housing project near Grove City
A Kentucky developer is behind the latest large-scale housing project near Grove City.
Erlanger, Kentucky based Fischer Homes, through its Grand Communities Ltd. subsidiary, wants to build a 535-unit development on about 210 acres west of Jackson Pike, south of the intersection with Hibbs Road. The project, which is called Farmstead, calls for 415 single-family homes and 120 row houses, according to plans submitted to the city.
Documents submitted to the city show a development that would likely…
NFL player turns profit on Charlotte home recently sold in auction (Photos)
The south Charlotte mansion of Houston Texans' Johnathan Joseph has sold following an online auction last month.
According to Mecklenburg County property records, the 15,454-square-foot gated home carried a sale price of $3.25 million — more than 75%, or $1.4 million — than the $1.83 million that Joseph and wife Delaina paid for the home in 2014.
The modern estate, which sits on 1.6 acres in Charlotte's Seven Eagles neighborhood, had originally been listed at nearly $5 million last August and…
Travel Agency to move into new Triad shopping center
Construction on the travel agency is expected to begin soon.
Second-generation family member to take top role at AKT Investments
Land development company AKT Investments Inc. will stay in the family in naming a new CEO.
Chrysanthy Tsakopoulos Demos, daughter of founder Angelo K. Tsakopoulos, will take over as AKT’s president and CEO as of June 1, the company announced Wednesday.
“I’m thrilled, and I’m so excited and honored,” said Demos, who for the last decade served as the company’s vice president. “Angelo decided he wanted to play a little more golf, but this is something he created.”
She said she’s…
Greater Cincinnati’s largest homebuilder plans 535-unit project near Columbus
Greater Cincinnati's largest homebuilder is planning a major project outside the region.
Erlanger-based Fischer Homes, through its Grand Communities Ltd. subsidiary, wants to build a 535-unit development on about 210 acres in Grove City, west of Jackson Pike, south of the intersection with Hibbs Road. The project, which is called Farmstead, calls for 415 single-family homes and 120 row houses, according to plans submitted to the city.
Documents submitted to the city show a development that would…
Don Postles sells investment property
WIVB-TV anchor sells Wyoming Avenue double.
Renovations planned at Dayton’s largest apartment community
The largest apartment community in the Dayton region will soon undergo renovations.
This Fortune 500 founder has unloaded tens of millions in stock
In the last few weeks, NVR Inc. (NYSE: NVR) founder and philanthropist Dwight Schar has sold about $91.3 million worth of stock accrued from his tenure at his Fortune 500 homebuilding company, according to Securities and Exchange Commission filings.
The stock was sold off in batches throughout May, with NVR trading around $3,050 per share during that time. The most recent, according to a May 21 SEC filing, was when Schar sold off 3,731 shares for $11 million. Before that, as of May 14, Schar reported…
Hostel-style hotel built from shipping containers planned for Silverthorne
Rendering by Smith Design CompanyThis architectural rendering produced by Smith Design Company shows the entrance to The Pad, a planned boutique hotel that will come with some hostel-style accommodations, along the Blue River in downtown Silverthorne. Last week, Silverthorne Town Council approved the developer’s final site plan.The developers of a new $6.5 million boutique hotel with hostel-style accommodations aren’t too far away from starting what could be one of the greenest demolitions to hit downtown Silverthorne.
Overall, the project has been described as, “a hostel lodging facility created to accommodate the modern traveler who prioritizes experience, adventure and new friendships.”
It’s been named “The Pad,” and it’s to be made out of 16 prefabricated shipping containers, along with the more conventional metal-frame construction.
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