Real Estate Blog
Richard Hill has helped shape Austin — quite literally
Richard Hill's drive to build something successful — and to make friends while doing that — helped him become one the most well-respected figures in Austin's commercial real estate industry. Over his 38-year career, Hill has been directly involved in developing about $4.5 billion worth of commercial product at Trammell Crow and now HPI Real Estate.
Austin’s best buildings: 2018 ABJ Commercial Real Estate Awards celebrate excellence in construction, dealmaking
In Austin's hot real estate market, it can be hard to stand out. But some companies and professionals are doing just that with bold design, innovative thinking and courageous vision.
Nine of the best real estate projects in Central Texas won big Wednesday night at Austin Business Journal's 2018 Commercial Real Estate Awards, along with a longtime executive who's had a hand in the transformative wave sweeping the region.
About 350 attendees were on hand at the awards dinner at the Four Seasons Hotel…
Councilmembers double down on head tax after Amazon halts Seattle expansion
The primary sponsors of the jobs tax say it will help mitigate the impacts of Washington state's “upside-down tax code that puts an inequitable accumulation of wealth ahead of the needs of everyday people.”
Deal with county allows Diamondbacks to start looking for new ballpark in metro Phoenix (including tribal land)
The Arizona Diamondbacks and Maricopa County have reached a tentative deal to resolve their fight over $185 million in repairs and the team’s lease at Chase Field.
The deal, which still needs to be approved by the county, gives the D-backs control over the county-owned ballpark. The baseball team assumes responsibility for repairs, renovations and event booking at the downtown Phoenix ballpark.
The Chase Field deal also gives the D-backs the ability to start looking at rebuilding the 20-year-old…
Portland Children’s Museum’s days are numbered in Washington Park
The nonprofit is on the hunt for a new home as changes come to the park and the city.
Arizona Diamondbacks, Maricopa County reach deal in Chase Field fight
The war between the Arizona Diamondbacks and Marciopa County over Chase Field has reached an armistice.
The county and D-backs have reached a tentative deal to resolve their legal fight over who is responsible for $185 million in repairs at the downtown ballpark. The deal gives D-backs control over the ballpark, as well as the ability to look at other stadium options. But the team also has to cover repair and renovation costs.
Maricopa County will hold a public meeting on the proposal on Monday.
Under…
Hawaii resort home sales rise to highest point since recession, report says
Real estate consultant Ricky Cassiday, author of the report, sees the market activity continuing to increase in 2018.
Hawaii’s Big Island on volcano watch as earthquake swarms indicate new Kilauea eruption
The Puna district on Hawaii's Big Island was placed under a volcano watch after a crater floor collapsed at Kilauea Volcano causing dozens of small earthquakes in the volcano’s east rift zone over the past several days, prompting federal, state and local authorities to prepare for a possible eruption.
The Hawaii Volcanoes National Park also closed 15,688 acres near the Puu Oo crater, including a gravel emergency access road that goes from Kalapana to the western gate at the end of Chain of Craters…
Denver apartment rents still a bargain compared to most surrounding suburbs, report says
Apartments in Cherry Creek and Downtown come with hefty lease rates, but on the whole Denver represents a better bargain for renters than suburbs like Parker, Castle Rock, Thornton, Littleton, Broomfield and even Brighton, according to a new report.
Apartment List pegs the median one-bedroom apartment rent in Denver at $1,050 and the median two-bedroom rent at $1,320 in its May 2018 Denver Rent Report.
“Although Denver-proper has a good number of expensive luxury units in the urban core, the less desirable sections of the city with a greater share of older units keep the median rent down,” said Chris Salviati, a housing economist with the San Francisco-based apartment search site.
Wheat Ridge, another market with older apartments, shows a similar pattern. The median one-bedroom rent there is $1,020 a month and the median two-bedroom is at $1,290.
A surge in new apartment supply in Denver is also keeping downward pressure on rents, Salviati said. Denver rents are up 0.4 percent mont..
Apartment rents up again in Colorado Springs, report says
COLORADO SPRINGS — A recent report says apartment rents in the Colorado Springs area rose again in the first quarter of this year.
The Gazette reports a study by the Colorado Division of Housing and the Apartment Association of Southern Colorado says renters spent an average of $1,130.25 a month during the January-March period, up $13.57 from the fourth quarter and a nearly $70 spike from the first quarter of 2017.
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