Real Estate Blog

For most of last year, apartment rents moved lower and vacancy rates rose as thousands of new apartments hit the market in metro Denver.

But the streak, which ran three quarters, was snapped in the first three months of this year after average apartment rent in metro Denver rose 1.7 percent, or $24, from the fourth quarter to $1,420, and the vacancy rate fell to 6.1 percent from 6.4 percent, according to the Metro Denver Vacancy & Rent Report published by the Apartment Association of Metro Denver.

The rent gains and tighter vacancy came despite the addition of 2,443 new apartments in the first three months of the year, which is down from the 3,246 added in the first quarter of 2017.

“Rents almost always increase in the first quarter of the year,” Mark Williams, executive vice president of the association, said in a statement accompanying the quarterly report. The last time average rents fell in a first quarter was at the start of 2009, following the financial crisis.

Despite the re..

If you’ve driven Sixth Avenue west out of downtown Denver, you’ve probably seen the Robinson Dairy sign north of the highway, its six white prongs jutting upward above the defunct brand’s white-and-blue logo.

Now, five years after Robinson folded and shuttered its operations there, the dairy has been sold. Unlike many centrally located commercial properties that have changed hands in Denver in recent years, however, there are no major changes planned for the property — or its sign — in the near future.

Central Development this week announced it bought the dairy, which sits northwest of the Sixth Avenue-Interstate 25 junction, and neighboring office and warehouse buildings for $10.3 million. The 6.63-acre property has 97,987 square feet of building space.

The property is zoned for light industrial use, and Central Development executives say that’s what it will be, for now. The company will rename the area the Robinson Marketplace.

“We liked it because of its location. It has great a..

WASHINGTON – Housing and Urban Development Secretary Ben Carson proposed far-reaching changes to federal housing subsidies Wednesday, tripling rent for the poorest households and making it easier for housing authorities to impose work requirements.

Carson’s proposals, and other initiatives aimed at low-income Americans receiving federal assistance, amount to a comprehensive effort by the Trump administration and Republicans in Congress to restrict access to the safety net and reduce the levels of assistance for those who do qualify.

The ambitious effort to shrink federal assistance has been dubbed “Welfare Reform 2.0,” after Bill Clinton’s overhaul of the welfare system in 1996. The proposals – affecting housing, food stamps and Medicaid – would require congressional approval.

Trump earlier this month signed an executive order directing federal agencies to expand work requirements for low-income Americans receiving Medicaid, food stamps, public housing benefits and welfare. The agen..

The pending land purchase represents the third Nashville deal since the company arrived in town less than three years ago.

Denver doesn't look like it's slowing down anytime soon, according to the experts at JLL.

The Lakeview Green mixed-use redevelopment project is one step closer to securing funding for its site in the Lakeview District.

The Birmingham City Council’s Economic Development Committee and Budget and Finance Committee recommended 1904 on 4th LLC, which is the lead developer on the project, receive a $1.5 million Birmingham Business Development loan. The item will go before the city council next in an upcoming meeting.

KRE Ventures is applying for the loan to help fund the new development…

The Oregon Museum of Science & Industry has long been one of the go-to destinations in Portland, particularly for families with small children. It's a scientific playhouse, the kind of place that keeps kids occupied with hands-on activities that don't involve staring at a screen.

That ethos — OMSI as a destination — that sits at the core of the organization's growth ambitions.

OMSI is getting ready to name a master developer to spearhead a project that will transform its 18-acres on the…

With HQ2, Amazon seems interested in not only economic opportunities but how it can help cities grapple with serious issues like housing affordability, education and diversity.

Ranch at Bear Creek has sold for $38.5 million, according to HFF, a New York-based provider of real estate and capital markets services.

It was purchased by Castle Lanterra Properties and sold by Aukum Group. HFF marketed on behalf on the seller.

The 201-unit community is located at 3324 South Field Street in the Bear Creek area of Lakewood. It was originally constructed in 1973.

The property features flat-style units and townhomes.

It has a recently renovated pool area, fitness center and…

Watching coverage of Hurricane Harvey from afar, many people’s perception was that the entire city of Houston was severely damaged. Indeed, thousands of Houston homes were flooded; some Houstonians are still displaced from their domiciles, and it’s nearly impossible to overstate the breadth of the devastation.

However, most commercial real estate, particularly in the industrial sector, was unscathed by the storm.

“Commercial real estate, in general, wasn’t affected that much by the hurricane,”…