Real Estate Blog
Proposed seismic mandate has Portland building owners quaking
The costs associated with retrofitting certain structures has opponents worried about not only their buildings, but small businesses as well.
Exclusive: Chinese tech giant Tencent expands Silicon Valley footprint three-fold with new Palo Alto office
Tencent, the maker of China’s hugely popular messaging and payments app WeChat, is among the largest Internet companies in the world. It has increased its Palo Alto footprint nearly three-fold with a recent lease and appears to be hiring in Silicon Valley.
Why Big Pharma is finally discovering the Bay Area
Some 40 years after the biotech industry's birth, old-school Big Pharma is planting flags in the Bay Area.
AstraZeneca plc (NYSE: AZN) formally opened its 163,000-square-foot lab and office facility Tuesday in HCP Inc.'s (NYSE: HCP) Britannia Cove in South San Francisco. It joins Merck & Co. Inc. (NYSE: MRK) and Bristol-Myers Squibb (NYSE: BMY) as some of the traditional drug maker names expanding operations in the Bay Area while trying to snare some of the region's drug-development mojo.
The movement…
Largest Houston-area commercial contractors in 2018
Information was obtained from firm representatives. Information on The List was supplied by individual companies through questionnaires and could not be independently verified by the Houston Business Journal. In case of ties, companies are listed alphabetically. Not all companies responded to requests for submissions.
Shopping center in Chandler featuring the original Sprouts sells for $26 million
The Boardwalk at Andersen Springs, a shopping center in Chandler that is home to the first Sprouts Farmers Market (NASDAQ: SFM), has sold for $26 million.
Los Angeles-based Westwood Financial purchased the property on the southeast corner of Dobson and Ray Roads in Chandler from West Valley Properties, which is based out of Los Altos, California. Ryan Schubert and Michael Hackett of Cushman & Wakefield Phoenix represented the seller in this transaction.
Westwood Financial owns shopping centers…
S.F. startup Opendoor works with more homebuilders to make it easier for buyers to trade-in houses
San Francisco-based Opendoor will work with customers of all the nation’s homebuilders to allow buyers to sell their existing home to Opendoor and buy a new home in one simple transaction.
The startup initially tested the idea with homebuilding giant Lennar in Las Vegas and later worked with 19 of the industry’s top 25 homebuilders.
Opendoor buys homes for a fee, 7 percent on average, paid by the seller plus concessions to make repairs that would be necessary in a traditional home sale. Convenience…
Exclusive: 44-story Transbay tower proposed next to transit center
Another tower could join the forest of new skyscrapers in San Francisco's Transbay district.
BoaVida expands with $10.5 million North Highlands purchase
BoaVida Group’s recent round of new investments in mobile home and RV parks includes a local acquisition in North Highlands.
Al MacInnis buys another former Blues player’s $1.36 million home
Two former St. Louis Blues players have struck a deal.
Al MacInnis, the former star Blues defenseman known for his wicked slap shot, has purchased a 4,489-square-foot home — four beds and five baths — for $1.36 million from Jori Lehtera, another former Blues player. The deal closed in January, according to St. Louis County records. The Creve Coeur home is located near Bellerive Country Club.
Lehtera, 30, played for the St. Louis Blues from 2014 to 2017. The center was traded by the Blues…
Former mayor sells oceanfront mansion in Palm Beach to oil executive for $14M
A Dallas oil executive bought a waterfront mansion In Manalapan for $13.5 million.
William T. Gerrard, the town’s former mayor and the founder of Advanced Radio Communications Services, sold the 23,817-square-foot mansion at 1960 S. Ocean Blvd. to Jean Christine Thompson, of Dallas. She’s an executive and major shareholder of Thompson Petroleum Corp., a supplier of petroleum products in 23 states. She’s also a significant shareholder of Crockett County National Bancshares.
The mansion, dubbed…