Real Estate Blog

Building a home in Minnesota is 20 to 30 percent more expensive than in Wisconsin, but Pulte Homes of Minnesota will still build 500 homes per year here anyway.

The California Energy Commission, in a unanimous vote Wednesday, approved a mandate requiring that all new housing in the state built after 2020 come with installed solar power.

The action brings California a step closer to its goal of having all new housing in the state use zero net energy. It could also add thousands of dollars to the upfront cost of a new home.

“This is an undeniably historic decision for the state and the U.S.,” said Abigail Ross Hopper, CEO of the Washington, D.C.-based…

Scientists with the U.S. Geological Survey’s Hawaiian Volcano Observatory said Wednesday that a steady lowering of the lava lake at Kilauea volcano’s Overlook crater within Halemaumau “has raised the potential for explosive eruptions” that could happen as soon as next week.

The steam-driven explosions – caused by the lava mixing with groundwater beneath the caldera – could occur with little warning and hurl “ballistic blocks” of anywhere from a few pounds to a few tons to a distance…

Twenty nine of the homes would front directly on the river, and some homes would reach approximately 4,800 square feet.

Among the many properties that Prince acquired during his life is a tropical paradise in the Turks and Caicos Islands. Now, the 10,000-square-foot estate, originally priced at $12 million, is being sold to the highest bidder, according to a post on TopTenRealEstateDeals.com.

Prince bought the property — with 10 bedrooms and bathrooms, two private beaches and 200-foot dock — in 2010. And though he'd made some changes (he painted the driveway purple first thing), TMZ reported shortly after his…

Starrett City, East New York’s sprawling 46-building housing complex, has officially been sold for $905 million.

Earlier this year, a state Supreme Court decision allowed the sale to take place, despite some objection of the property's shareholders. The decision cleared the path for a pair of deep-pocketed real estate investors — Brooksville Company and Rockpoint Group — to wrap up the deal.

The two buyers, known under the joint venture of Spring Creek Towers, will spend $140 million on…

It's that time of year again. The 2018 list of Austin Business Journal's Best Places to Work has been revealed.

To find out the final ranking of the winners, and what makes them such great places to work, you'll want to attend a June 22 lunch at the downtown Hilton Austin Hotel — tickets are available online. This year's awards event has a wild west theme; feel free to wear your boots, spurs and cowboy hats. It's usually a festive atmosphere. Check out photos from last year's groovy '70s theme,…

2017 revenue: $1.5 billion

+36%

Revenue was up 36 percent for design-build firm Arco Construction Co. in 2017.

Recent projects in which Arco has been involved include the $40 million Woodward Lofts mixed-use development underway at 1519 Tower Grove Ave. in St. Louis, a recently completed 259,000-square-foot bottling and distribution facility in Hinds County, Mississippi, and a 28,400-square-foot training facility for St. Louis-based contractor Budrovich. Arco also is teaming up with ClearPath…

CRG is no longer moving forward with its 750,000-square-foot development in Creve Coeur.

The company said about four or five homeowners declined to extend agreements with CRG that would have given the company time to rezone the property. CRG had 38 residences that comprise the Balmoral subdivision under contract near Olive Boulevard and Interstate 270, north of DeSmet High School, for the project.

CRG, the private real estate investment arm of Clayco, had not detailed what the 750,000-square-foot…

Kennedy Center Chairman David Rubenstein says the massive expansion of the performing arts center in Northwest D.C. will likely be finished next May, according to The Washington Post — though The Carlyle Group co-founder and noted philanthropist might be pushing it a little.

A spokeswoman with the Kennedy Center told the Post that Rubenstein was being “aspirational” in his remarks, which were made at the center’s Spring Gala on Sunday. More information about the status of the expansion…