Real Estate Blog
Prince George’s County golf club offered for sale
National Golf Club at Tantallon in Fort Washington, a 127-acre facility featuring an 18-hole Ted Robinson-designed course, is for sale.
Tantallon Golf LLC, an affiliate of Manassas-based Fore Golf Partners, has owned the private National Golf Club since 2005. It is asking $4 million for the Prince George's County property, located at 300 St. Andrews Drive about 10 miles due south of National Harbor. The offering includes the golf course, 24,000-square-foot clubhouse and swimming pool, plus cart…
Councilman Domb calls for crackdown on deliquent out-of-town property owners
A Philadelphia councilman wants the city to crack down on delinquent property owners who live beyond the city.
Too many property owners are not paying their fair share of taxes, and many of them live outside Philadelphia, said Councilman Allan Domb.
“There’s still about $215 million of nonowner-occupied delinquency,” he said. “These are people that are not using it as their home. Their real estate is worth $5.7 billion, and they owe us $215 million. Their loan to value is about 4 percent.…
SWBC Real Estate sells 300-unit apartment complex in Far West SA
SWBC Real Estate LLC sold the Twin Creeks at Alamo Ranch apartment complex to an out-of-state buyer.
While the sales price and buyer were not disclosed, the property was recently valued by the Bexar County Appraisal District at $41.1 million.
Located at 11650 Alamo Ranch Parkway, the 300-unit property was originally developed by SWBC Real Estate, and opened in 2016. Twin Creeks is comprised of one-, two-, and three-bedroom units.
The sale was brokered by Will Balthrope and Jordan Featherston…
Ready for summer? Cool off at one of North Texas’ lakeside retreats
With summer temperatures setting in, many Texans are looking for ways to cool off. For Dallas-Fort Worth residents, the region offers a number of lakes for swimming, fishing and getting away from the hustle and bustle of everyday life.
According to Lake Homes Realty, Texas is “by far the largest lake market” featured in its Spring 2018 Lake Market Report, boasting more than $3.31 billion in lakeside homes and land.
Three North Texas lakes are among the state’s biggest markets, including…
Dayton-area Applebee’s property sells for $1.6M
The sale is the latest in a string of retail and restaurant properties in the Dayton region, with many properties sold to out-of-state investors because of the comparatively lower costs of commercial real estate in the Midwest.
What an office site deal says about Atlanta airport area land prices (Photos)
The 1.153-acre site has direct access to Hartsfield-Jackson Atlanta International Airport via the SkyTrain.
Wealthy out-of-town buyers push up Boulder home prices
BOULDER — The average price of a single-family home in Boulder has risen to $1.2 million thanks to a spate of sales of $2 million-plus homes.
The Daily Camera reports that activity in the $2 million-and-over market ticked up precipitously, with 18 such first-quarter sales in the city. That’s up from five during last year’s first quarter, and more than triple the five-year high. Two-million dollar home sales have not exceeded single digits in any of the previous five years.
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A&B reports $47M profit for Q1
Hawaii’s Alexander & Baldwin posted net income of $47.4 million, or 66 cents per diluted share, for the first quarter, compared to net income of $7 million or 14 cents per diluted share, for the same quarter last year.
Honolulu-based Alexander & Baldwin (NYSE: ALEX) closed on the sale of six Mainland properties during the quarter for a total of $159.2 million, the proceeds of which were used to finance the real estate investment trust’s purchase of three shopping centers from Terramar Retail…
Exclusive: North San Jose office project near Google gets a new brand, brokers in hunt for tenants
The project, formerly known as Midpoint @ 237, has seen a shift in recent months as the property owners re-brand and appoint a new brokerage to shop the site out to tenants.
New Lake City apartment community sells for $53 million
The deal shows investors remain bullish on Seattle's apartment market as job growth is forecast to slow at a time when thousands of new apartment units are opening.