Real Estate Blog

Uline Inc.’s seemingly endless need for building space in Kenosha County is still not satisfied. The shipping and packaging materials maker now plans to develop another 800,000-square-foot distribution center in Kenosha.

Jeff Clark, founder and president of SuperFloors Inc., and his wife, Marie Clark, are putting their mansion on Lake Sammamish for sale at $13.98 million.

The 1.5-acre site has 158 feet of waterfront and a Bellevue address, situated at the south end of the lake, facing due north.

Now retired from SuperFloors and in the commercial real estate business, the Clarks are moving to Arizona with their two dogs to be closer to family, and may build a much smaller place on Lake Sammmish to come back to in…

The Sacramento Business Journal's Redefining the Core event on May 15 focused on development in and around the urban core.

The event at the Esquire IMAX Theatre in downtown Sacramento attracted 200 people. It included a panel discussion moderated by Business Journal real estate reporter Ben van der Meer. The panelists were Craig Hausman of Hausman Architecture, Todd Leon of Capitol Area Development Authority (CADA), Nikky Mohanna of Mohanna Development Co. and Mike Paris of BlackPine Communities.…

The rate of the lava flow from the eruption of Kilauea volcano on Hawaii’s Big Island picked up Saturday as five of the 22 fissures merged into one line of spatter and fountaining, and lava from another was less than a mile from crossing Highway 137 near the ocean.

Hawaii County Civil Defense said in a 2 p.m. update that while no residents were immediately threatened, the lava flow, moving at a rate of 900 feet per hour, could cross the highway within four to seven hours.

Evacuations were voluntary,…

When developer East West Partners put the 49 studio units in its Coloradan condo building on the market in August, they were gobbled up in a month. At $265,000 to $370,000 apiece and spitting distance from Union Station, they were a predictably hot commodity in housing-starved Denver.

Flash forward to this week, and East West is in the midst of another avalanche of demand, this time for something even rarer in the downtown area: 33 covenant-restricted affordable condos. The units — 12 one-bedrooms and 21 two-bedrooms — are among the final 160 affordable units set to be created under the city’s now-defunct inclusionary housing ordinance, city officials said this week.

They have been priced at $230,751 for the one-bedrooms and $285,936 for the two-bedrooms, figures set by the city so that they are attainable for people making 50 to 95 percent of the area median income of $63,000 per year.

“If you start looking at single-family homes, you can’t buy anything for under $300,000 in the ci..

WASHINGTON — Long-term U.S. mortgage rates jumped this week, marking their highest levels in seven years amid the peak home buying season.

The benchmark 30-year rate pushed toward the significant 5 percent level. Mortgage buyer Freddie Mac said Thursday the average rate on 30-year, fixed-rate mortgages was 4.61 percent, up from 4.55 percent last week. The new average rate was the highest since May 19, 2011. By contrast, the 30-year rate averaged 4.02 percent a year ago.

The average rate on 15-year, fixed-rate loans climbed to 4.08 percent from 4.01 percent last week.

The latest indications of a strong economy and rising commodity prices — gasoline is at a four-year high — lifted yields on bonds and mortgage rates followed suit.

U.S. retail sales rose at a solid pace in April, according to a government report issued Tuesday, a sign that consumers may be rebounding from weak spending earlier this year and driving stronger economic growth. Consumer spending has rebounded in the past t..

Denver Mayor Michael Hancock on Friday appointed a longtime affordable housing advocate to fill a new chief housing officer post that will oversee a coming expansion of city spending on the issue.

Provided by the Denver mayor's officeBritta Fisher has been appointed as the city of Denver’s chief housing officer.The hiring of Britta Fisher comes several months after Hancock’s administration reshuffled its management of affordable housing initiatives. In February, housing policy director Erik Soliván, who had been positioned as Hancock’s point person on the issue just 13 months earlier, resigned amid the changes — and after the city posted the new, higher-ranking chief housing officer position.

Fisher will step in as Hancock’s advisers and City Council members discuss a proposal to double the city’s $15 million-a-year commitment to a local affordable housing fund. Hancock has proposed tapping about $8 million a year from marijuana sales tax proceeds and adding $7 million from else..

The dual guilty pleas entered late Friday afternoon by former LPCiminelli vice president Kevin Schuler could have an impact on a pair of federal trials due to begin next month against the chairman of the Buffalo construction firm and the company’s president.

Legal sources, who asked not to be unnamed, said Schuler, who pleaded guilty to federal wire fraud and conspiracy to commit wire fraud charges, may have to testify at the upcoming trials of Louis Ciminelli and Michael Laipple – both of…

Alexander & Baldwin has named Carol Reimann, who has served in various executive roles for Maui County and businesses on Maui, to lead the company’s collective interests on the Valley Isle in the new position of vice president of A&B-Maui.

Reimann, who assumes her new role on June 4, most recently served as director of housing and human concerns for the county.

Prior to that she was community and government affairs manager for Monsanto, executive director of the Maui Hotel & Lodging Association…

Los Gatos-based Roku has been subleasing space from its longtime business ally, Netflix, for years. But the TV streaming platform company has grown rapidly and industry insiders say it is now looking seriously at hundreds of thousands of square feet at a new San Jose development.