Real Estate Blog
Residential builder Scott Felder Homes acquired by investment firm
A volume homebuilder based in Austin has been acquired by a private equity firm that has more than $1.1 billion in assets under management.
Platform Ventures of Kansas announced Thursday it had purchased Scott Felder Homes LLC for an undisclosed amount.
Scott Felder Homes is active in 28 communities from Austin to San Antonio and controls more than 1,000 homesites, according to the announcement. That includes Belterra in Dripping Springs, Oaks at San Gabriel in Georgetown, Santa Rita Ranch near…
10-story apartment complex pitched for Glenwood Ave
Grubb Properties wants to bring a 10-story apartment complex to Glenwood Avenue, just inside the Beltline.
St. Paul developer buys church retreat near Red Wing, plans boutique hotel
Commonwealth Properties, a St. Paul developer that specializes in developing boutique hotels in vintage properties, has bought a 63-acre former convent and conference center on the shores of Lake Pepin.
The Rochester Post-Bulletin reports on the sale of Villa Maria conference center, located about 12 miles downriver from Red Wing.
Commonwealth paid $2.25 million for the conference center, and owner John Rupp said he plans to revamp the property into a “romantic country boutique hotel” that takes…
Buyer of Little Havana site plans apartments, retail
The company recently paid $11 million for the property.
Dallas bank to open Austin-area office in Westlake
Vista Bank, which dates back more than 100 years to its roots in West Texas, now has a total of $700 million in assets, including $613 million in deposits, spread around 15 offices around the state.
Charlotte planning director to present proposed changes to UDO process
Taiwo Jaiyeoba said he will go before the city's transportation and planning committee on May 29 to present next-step options for creating place types and a unified development ordinance. The timeline for implementing a UDO will likely get altered as a result.
State of Georgia eyes sale of prime 27-acre tract in Cartersville
The land is in a prime location, just north of downtown Cartersville and just west of Interstate 75.
Office/retail project in downtown Fort Lauderdale obtains $33M construction loan
The project should be completed in spring 2019.
More than 1 in 5 Phoenix millennials living with parents
Millennials are having a tough time entering the housing and rental markets as more than one in five is still living at home with their parents.
A new Zillow report finds that 21 percent of those age 21 to 38 are living at home due in part to higher rents at apartments and tougher requirements for home loans, according to ktar.com.
While Phoenix is a relatively inexpensive city when it comes to apartment rents, according to recent reports from Apartment List, millennials can still have a tough…
More Pittsburgh 20-somethings still living with parents, but other cities see bigger increase
College graduates are more likely to be living with their parents than they were before the housing bubble burst.
An analysis of Census data by Zillow finds that, nationally, 28 percent of recent college graduates in their 20s lived with their parents in 2016, compared to 19 percent in 2005.
This is happening in Pittsburgh as well, but not nearly to the extent of other places like Las Vegas and Riverside, Calif., which top the list. Those cities also experienced the most dramatic housing booms…