Real Estate Blog
As compliance program deadline looms, homeowners in deed-restricted affordable Denver homes face tough decision
It’s been more than six weeks since Denver officials mailed letters to 301 homeowners officials identified as living outside the rules of the city’s Affordable Housing Ownership Program in one way or another. Those letters offered the recipients the opportunity to work with the city to get on the right side of regulations or risk “further legal recourse.”
So far, 149 homeowners have responded to the city. Just 14 have resolved their issues. Eleven provided documentation proving they meet income qualifications to own an affordable home and the other three cleared up clerical issues. None of the 149 people reached has agreed yet to sell their home to an income qualified buyer, according to the city.
The May 31 deadline to sign up for the program — or face less friendly contact with municipal officials — looms.
“There is still time to enter into conversation with us,” Denver economic development spokesman Derek Woodbury said last week.
The city is using a variety of tactics to reach t..
This dynamic duo closes on $300M in apartment deals in 24 days
These brokers closed on 1,557 units between April 12 and May 4
Jacksonville software company looking to add 107 jobs, move downtown
A software solutions company is aiming to receive city incentives to move downtown and expand its company with 107 Jacksonville-based jobs.
The Downtown Investment Authority will discuss Wednesday the possibility of providing the unnamed company 40 parking spaces at the Yates Garage over a five-year period. Incentives will require both DIA and City Council approval.
Legislation for the project, codenamed “Project Wolfe,” did not identify the company's name. However, it was described as a company…
Redefining the Core: Momentum continues to build in the city’s core (PHOTOS)
Welcome to the sixth annual Redefining the Core. As in years past, we’re excited to bring readers the definitive guide to what new developments are happening in and around downtown Sacramento.
Much like Sacramento itself, this guide has grown more robust since we first published it in 2013. Back then, there wasn’t much in the way of new development. Quite a lot has changed since then. Not surprisingly, most of the activity is focused around downtown and midtown Sacramento, spurred on in part…
Barelas mixed-use redevelopment project breaks ground
See update at bottom of story.
Construction is officially underway for a mixed-use residential and commercial space in the Barelas neighborhood, according to a release by the city of Albuquerque's Planning Department.
Mayor Tim Keller and City Councilor Isaac Benton, along with representatives from the Planning Department and members of the community, broke ground on Friday for the construction of Zocalo Lofts, a public-private redevelopment project several years in the making.
Business First…
Seminary to move to Phila. from Hatfield
The Biblical Theological Seminary has been reviewing its next steps and how to establish a seminary for the 21st Century that is relevant and meets the needs of its students.
Former Sly James staffer, Polsinelli lawyer joins Milhaus as KC VP
John McGurk, a former chief of staff for Mayor Sly James, has been named as the vice president of development for Milhaus Kansas City, the company announced Monday.
McGurk comes to Milhaus from Polsinelli PC’s real estate development practice, where he managed transactions such as the Kansas City streetcar.
“One of the projects I’m most proud of is the KC streetcar. It’s spurred economic renewal and revitalization in just a few years,” McGurk said in a release. “My professional career…
Exclusive: Houston architecture firm expands to Dallas
“Dallas was at or near the top of the list when we all got together and talked about long term plans.”
PBJ Cribs: See inside the $5 million custom Chandler home of LifeLock co-founder Todd Davis (Video)
Todd and Sarah Davis are all about family, and their 13,000-square-foot custom home in Chandler reflects that sentiment.
“Family is most important,” said Todd Davis, the co-founder and former CEO of LifeLock Inc., the Tempe-based identity protection technology company. “I’ve lived in Chandler for 20 years and love the community feel of the city. My family lives nearby. It’s a great community.”
They’ve dubbed their home Casa Sueños because it’s their dream home.
The Davises spent…
Exclusive: 18-story Oakland tower, Broadway-Valdez’s largest housing project, to break ground
The developer has three major Oakland housing projects.