Real Estate Blog

Amazon.com is working on a site for a $75 million-to-$100 million multi-story fulfillment center — its latest metro Atlanta project, according to sources familiar with the plans.

Historical landmark fosters communal feeling among its tenants.

2017 revenue: $132.2 million

-8.7%

Variations in project timing caused revenue at BSI Constructors to fall 8.1 percent.

In 2017, BSI completed nearly a dozen projects including: Kiener Plaza, Wells Fargo Café, Fox Theatre parking garage, Nazareth Living Center Phase 1, Jesuit Archives, The Willows at Brooking Park, BJC Hospice House, Great Circle and St. Joe Cottleville Parish Center.

It has more on deck, with Hotel Saint Louis, Covenant Place 2, Grant’s Trail Expansion, Nazareth Senior Living…

2017 revenue: $135 million

-39.5%

Contegra Construction saw its revenue drop to $135 million in 2017 after several of its projects got pushed into 2018, Eric Gowin, a primary owner of the company, said.

“It was primarily that, but we also had a couple of monster projects in 2016, like the Wentzville Logistics Center,” Gowin said.

In 2017, Contegra completed a 624,000-square-foot warehouse for TriStar Properties, which was completed two weeks ahead of schedule. In addition, Contegra completed…

2017 revenue: $99.73 million

-1.4%

Year-over-year revenue declined 1.4 percent for Mills Properties, as the Maplewood-based property management company focused on internal efficiencies — selling more than 1,000 units in three deals in 2017 and selling another 200 this year. The sales, which totaled about $50 million, position the company to purchase new properties, and come as President Kirk Mills is promoted to CEO.

“We’ve really got everything dialed in, and we’re looking to grow again,”…

On page 3 of the Austin Business Journal's weekly print edition, we publish our Capital Gains column filled with tid-bits of news, talk and speculation. This week, a controversy over a developer's advertisement captured our attention — and so did an award-winning whiskey maker.

2017 revenue: $195 million

+12.5%

With a healthy construction market and more companies converting their buildings to LED products, Villa Lighting Supply experienced double-digit revenue growth in 2017.

“Utility incentives have driven rapid adoption of LED,” said Executive Vice President Matt Villa. “The economy is strong, so new construction is up.” He expects more of the same in 2018 for the company, which is owned by the Villa family.

A big factor in the company’s success in the…

“The Houston land market is the hottest I have ever seen it.”

Aspen TimesA screenshot of a reservation made on Airbnb of a deed-restricted unit in Aspen’s affordable housing program.An Aspen woman has been kicked out of her taxpayer-subsidized affordable housing for renting her apartment on Airbnb.

Katherine Peach’s lease for her one-bedroom unit was terminated last month and she moved out.

The Aspen-Pitkin County Housing Authority, which was her landlord, learned she was violating the terms of her lease when three people came into the Truscott office Feb. 2 asking where Airbnb #72 was, according to a letter to Peach from property manager Janine Guerrero.

It is against APCHA’s rules to rent out any unit in its inventory, since occupants must live and work in Pitkin County for nine months of the year.

“To us, this is a really major thing,” said Cindy Christensen, deputy director of APCHA.

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