Real Estate Blog
Nob Hill condos open after fire
Seventeen months, nine days.
That's how long developer Kenny Hinkes has been looking forward to this day. The Carlisle, a luxury condominium project located at the corner of Carlisle Boulevard and Central Avenue, held a grand opening Wednesday after rebuilding following an arson fire in November 2016 that destroyed the project. The project was near completion, with owners set to move in when it burned down.
“It's been an extraordinary journey,” said Hinkes. “The outpouring of support from the…
Real estate renovation company buys dozens of apartment buildings near JU
An Addison, Texas-based company that buys distressed multifamily units and renovates them has purchased $51.7 million worth of property in the Arlington neighbor.
The properties are all located near Jacksonville University and make up at least six apartment communities. They include Arlington Eagle, Eagle Pointe, Eagle Pointe II, Jacksonville Village Apartments, Eagle Court and Eagle Ridge Apartments
S2 Capital LLC purchases Class B and C multifamily properties in Texas and Florida in areas with…
Nearly 80 percent of Franklin County homes selling above auditor’s value
Of the 4,378 homes sold in Franklin County through April, just 38 sold at the auditor's value.
Data from Franklin County Auditor Clarence Mingo shows that 3,431 homes sold above value and 909 below it. This follows a 2017 reappraisal process for all 430,000 properties in the county.
“Homeowners are in an incredibly strong position to command a high return on their property investment,” Mingo said in a statement. “And home buyers in this county are showing that they are willing to spend top…
The Hill is hot: Pagano adds to development in historic neighborhood
Pagano Development has broken ground on four new homes in The Hill neighborhood, furthering the company's focus on development in the historic neighborhood.
Construction update: Here’s the latest on the $65M Mosaic project
The $65M Mosaic project progresses as SunRail readies its Kissimmee debut
Israeli developer Minrav acquires Kips Bay property site for $64 million
Israeli real estate investment and development firm Minrav Development has completed a $64 million purchase of a site in Manhattan's Kips Bay neighborhood.
Per The Real Deal, the development site — located at 368 Third Ave. — consists of 116,000 buildable square feet and calls for a 34-story, 103-unit residential tower.
The property costs about $550 per buildable square foot and is currently vacant.
On the sell side of the transaction are Itzhaki Properties and Continental Ventures. The two…
Why this 1,800-acre site along the Catawba River may prove difficult to sell
Commercial real estate firm CBRE has put more than 1,800 acres along the Catawba River in York County on the market for a subsidiary of a Japanese company.
Sacramento’s BoaVida buys two more California mobile home parks for $27 million
Affiliates of Sacramento-based BoaVida Communities LLC and Cascade Corporate Management bought upscale recreational vehicle and mobile home parks in San Diego County for $27 million.
Neighbors want historic designation that could delay 558 new homes in S.F.’s wealthy Laurel Heights
The largest housing proposal on the north side of San Francisco is facing a new hurdle: Neighbors who want a historic designation of the existing property. But the developer is pushing back.
Laurel Heights Improvement Association, a neighborhood group, nominated the UCSF Laurel Heights campus at 3333 California St. for the National Register of Historic Places.
Developers Prado Group and SKS have proposed partially demolishing the existing office building and building 558 new homes, along with…
Prologis, commercial real estate giant with Denver ties, snaps up competitor for $8.4 billion
Prologis, a global industrial real estate firm with offices in Denver, announced this week it has acquired a Denver-based competitor and its entire 71 million square-foot portfolio for $8.4 billion.
The purchase, described in a news release as a “merger agreement,” was announced by Prologis and the now acquired DCT Industrial Trust in a news release Sunday. The deal, which includes Prologis taking on DCT’s debt, was was stock-for-stock transaction.
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Prologis said the buy, which brings in 215 acres of land under contract or option to be developed, strengthens its footprint in high-growth markets like Southern California, the San Francisco Bay Area, South Florida, Seattle an..