Real Estate Blog
Dallas apartments offering more free rent to bring in new residents
With a large number of apartments under construction and on the market, new Dallas developments are competing to bring in residents.
That’s leading many apartment complexes to give concessions, or free rent, to potential lessees. Nationally, the apartment market has added roughly 1 million new units since 2015, and concessions are becoming more popular at lease-up properties looking to establish a resident base.
Dallas ranked fourth in a study by Richardson-based RealPage (Nasdaq: RP) for concessions…
Merger could mean sales boost for Austin roofing business — even when it’s sunny out
While business ebbs and flows at most roofing companies in response to hailstorms, Eco Roof & Solar has figured out a way to smooth out its sales pipeline. It just merged with Austin's Assurance Roofing.
Scaramucci looks to sell home months after buying it
Anthony Scaramucci is expected to list his Long Island home on the market for about $9 million — less than nine months after buying it for $8.2 million.
That's according to The New York Post, which cited how the New York hedge funder bought the 8,300-square-foot Water Mill home after reconciling with his wife, Deidre Ball.
Scaramucci notably served as an aide to President Donald Trump and later accepted the role of White House communications director after Sean Spicer resigned. Less than…
Cal Ripken’s Maryland estate sells at auction, but buyer still a secret
The former homestead of Hall of Famer Cal Ripken Jr. will officially change hands on June 11 following a successful auction sale on Saturday.
The buyers — who still remain a secret — will settle on the property at 13301 Dover Rd. on that date, said Karen Hubble Bisbee Monday.
Bisbee represented two of the eight bidders on the property — including the winning bidder.
But Hubble Bisbee, principal of Hubble Bisbee of Long and Foster Real Estate, said a confidentiality agreement prevented her…
Metro East apartments sold for $8 million
A 162-unit multifamily complex in Shiloh, Illinois, has been sold for $8 million.
Slurm LLC purchased Rockwood Apartments, at 2213 Rockwood Drive, for $8 million. Jeff Colona and Brad Barham of Marcus & Millichap represented the seller, Forest Hills LP, which facilitated the deal through a 1031 exchange.
The apartments were built over several phases from 1997 and 2000 on 9 acres and offer one- to three-bedroom units.
The average rental rate in the Metro East is $777, according to Cushman & Wakefield…
State land hits block for expected $52.1 million
The Arizona State Land Department expects to auction off three parcels worth at least $52.1 million in the next two months, with the bulk of that money going to state jails.
In total, 228 acres of state land will hit the block in three auctions. The biggest parcel, roughly 125 acres of residential land on the southwest corner of Lake Pleasant Parkway and Deer Valley Road in Peoria is starting with a bid of $31.35 million. It will hit the block July 17.
Proceeds from the land will go toward the…
EXCLUSIVE: Brookfield Communities to begin construction on mountain homes in Pine
This mountain community will begin construction this spring
Pair of recent three-alarm fires at Denver construction sites set off warnings for industry
Prior to a deadly fire that broke out at an apartment building construction site in the 1800 block of Emerson Street in March, the Denver Fire Department had not responded to a three-alarm fire since 2013, officials say. Little more than two months later, the department is sifting through the ashes of another three-alarm blaze.
Early Thursday morning, two under-construction townhome buildings in the 1900 block of Grove Street burned down. More than 100 firefighters and 30 emergency vehicles responded to the scene.
No one was hurt, but, like its predecessor on Emerson Street, the fire broke out at the construction site for a multi-family building where raw wood framing was exposed atop concrete ground floors. The three alarm fire in Glendale in 2013 also destroyed an under-construction residential complex with exposed wood elements. The causes of the two recent fires remain under investigation, but officials say the incidents are a wake-up call about heightened fire danger at construc..
Apartment building breaks ground near Florida International University
A local bank will occupy part of the property.
Top of the List: Central Ohio’s busiest residential real estate agencies enjoying sizzling market
Residential real estate is on fire in Central Ohio, which was recently declared the fourth-hottest housing market in the country.
The 25 agencies in this year’s print list racked up $8.01 billion in 2017 Central Ohio gross sales volume.
Compare that to $4.2 billion in the 2010 list, which reflected recession-level sales in 2009.
Check out the five busiest agencies ranked by Central Ohio sales volume in the attached gallery.
Subscribers can see additional information and more agencies below.