Real Estate Blog

In between swishing three-pointers for the Philadelphia 76ers, forward Ersan Ilyasova netted an oceanfront home in Juno Beach for $3.25 million.

Ilyasova and his wife Julia V. Ilyasova bought the 4,370-square-foot home at 230 Celestial Way from David LaRue and Scott Buist, as co-trustees of Seraphine J. Manfredonia trust. BMO Harris Bank provided a $1.5 million mortgage to the buyers.

The price equated to $744 per square foot, which is a pretty good value for a home on the sand in South Florida.…

Owners of a retail center just north of University of California Davis plan to add dozens of apartment units as part of a redevelopment.

New York Times best-selling author Elizabeth George is selling her Isola Bella (“beautiful island”) estate at Langley on Whidbey Island.

Windermere’s Louis Muniz has the $4.5 million listing. Four years, ago the house was listed elsewhere for $5.5 million but was taken off the market.

George, who is married to retired Kern County (California) Fire Capt. Thomas McCabe, has had the property since 2002 and completed the house in 2006.

They’re selling to move to Seattle full-time, to steep themselves…

Which is in the greater public interest of San Francisco: Making substantial progress in finally providing housing for homeless people, or fully preserving the occupational prerogatives and political influence of the building trades unions?

Because it’s increasingly evident that we’re not going to be able to do both. For the second time in barely two years, San Francisco construction unions are attempting to shoot down an innovative proposal that would provide hundreds of units of housing for…

Several new for-sale communities are hitting the market across the Queen City.

As homebuilders are dealing with rising costs of land and construction while demand continues to intensify, the city is amid something of a high-density housing boom, with new-construction projects ranging from infill sites within or close to center city to large communities in the suburbs with hundreds of townhouses and community amenities.

Both local and national developers have gotten in on the frenzy, with townhouse…

The neighborhoods with the fastest-selling new home construction are different than they were a decade ago.

National Church Residences is looking at expanding one of its major properties in Worthington.

The development group has begun to look at Stafford Village and Stafford Court Homes, an 88-unit senior housing facility at 814 Hartford St., east of High Street between Stafford Avenue and North Street. It has been reaching out to neighbors, residents and community leaders as it formulates a plan for what kind of expansion will actually take place there.

George Tabit, vice president of construction and…

Property insurance costs should drop next year in Denver because the city fire department received a top rating during a recent audit, Chief Eric Tade said.

The Denver Fire Department scored a “1” during the audit conducted by ISO Mitigation, Tade said. The audit evaluated everything from the department’s training program to water supply to emergency communications. The rating is then used by insurance underwriters to set commercial and residential rates in a city.

Typically, a top rating results in a 5 percent reduction in the cost of residential and commercial property insurance, Tade said. If property owners don’t receive a direct discount, the new rating should negate any other increases, he said.

The Denver FD has achieved the distinction of being awarded a Class
1 Public Protection Classification rating by @ISO_Mitigation, who evaluates municipal fire protection efforts in communities throughout the US. We are extremely proud of this tremendous accomplishment! pic.twitter.com/..

A local real estate company’s bet on defunct Denver-area off-track betting and entertainment center Red and Jerry’s paid off last month when it sold the renovated building for nearly double what it bought it for last year.

Cadence Capital Investments sold the 102,000-square-foot building located just off South Santa Fe Drive at West Oxford Avenue for $14.8 million on April 20, according to a news release from the sale’s broker, CBRE. The Greenwood Village-based company bought the space, occupied for 22 years by an at-times raucous sports betting room and bar and more family-friendly arcade, for $7.5 million in 2017, days after Red & Jerry’s owners folded their hand there. Declines in the live animal racing and arcade industries helped bring on the business’s demise, owners said.

Last month’s buyer, California-based LBA Realty, takes on the building and a tenant with a long-term lease. Ferguson Enterprises, a plumbing, HVAC and industrial products wholesaler, now operates a warehouse ..

The days of buying a home in the Denver metro area for under $300,000 are all but gone.

Just 1 percent of the homes started in metro Denver in the first quarter were priced below $300,000, down from 3 percent in the first quarter of 2017, according to Metrostudy, which tracks home construction in the region and other big cities. The numbers include new single-family homes, townhomes and condominiums.

And it isn’t because construction is taking a breather. Builders are ramping up this year, with home starts 14 percent higher in the first quarter than they were a year earlier. That marks the second consecutive quarter of double-digit gains, according to Metrostudy.

At an annualized rate, home starts are running above 12,000 for the first time since 2007. But much of what is being built skews above the half-million-dollar mark. Starts on homes priced below $299,999, already low, have dropped by two-thirds the past year.

Only 22 percent of the new homes started in the first three month..