Real Estate Blog

In his newly created role, the well-known broker will help to establish the firm's industrial team in Houston.

A Toronto real estate finance company has closed a $5.3 million land banking transaction in Atlanta for a large national homebuilder.

The deal closed April 16 was the first in Atlanta for Terra Firma Capital Corp., according to a company statement. The location of the land and the name of the homebuilder client were not disclosed.

The land banking transaction was partially funded with available cash balances. According to the company, land banking is a financing product provided primarily in…

A joint venture between StonebridgeCarras and Chicago-based Creek Lane Capital announced Wednesday it has purchased 5 acres of land in Alexandria for its Hoffman Town Center project, allowing the companies to move forward on construction on the 1 million-square-foot mixed-use development anchored by a Wegmans grocery store in early 2019.

Doug Firstenberg, a principal with Bethesda's StonebridgeCarras, declined to disclose the price that the joint venture paid for blocks 4 and 5 from the Hoffman…

An online retailer specializing in health and fitness products will soon open its first store in Kettering.

Karma Kollective will open its brick-and-mortar store at 3117 Far Hills Ave. in the Fountain Square Shopping Center on April 28.

Founded by certified health coach Ann Murphy-Zahora, Karma Kollective describes itself as a “modern health boutique” with products including health foods, wellness supplements, fitness apparel and workout accessories.

“We believe having the wisdom and compassion…

State Sen. Scott Wiener's bill designed to add 3 million housing units along transit hubs in Oakland, San Diego, San Jose and Sacramento was derailed by a committee vote.

Proponents envisioned the measure as a way to help solve the housing crisis by upzoning development sites near public transit corridors and stations, such as BART stations in the East Bay, with five-story apartment complexes and condos. The proximity to rail hubs and bus stations was designed as a way to reduce car traffic congestion.

But…

Through the first three months of 2018, new home sales are slightly off the pace from a year ago, when sales were the strongest in a decade. Here are some other takeaways from the newest report from the North State Building Industry Association.

1. In March, the association reported 437 sales at 138 “communities” in the region, which includes the Yuba-Sutter area as well as Sacramento, Placer, Yolo and El Dorado counties. That was 61 homes better than the previous month.

2. However, year-over-year…

For a two-bedroom home nestled between the Castro and Noe Valley in San Francisco, one prospective buyer was so anxious he plunked down an offer — a very attractive one at that — before the seller’s agent had set an offer deadline.

Out of courtesy, the seller’s agent gave other would-be buyers a chance, which generated seven more offers and ignited a bidding war. The original bidder then upped his price to $1.53 million and sealed the deal at 33 percent above the asking price for the home,…

Costing $300 million to $350 million, the mixed-used development by Brandywine Realty Trust will be a game-changer for this part of Austin. It will include a boutique hotel, a large office for a global tech company and a 370-unit apartment complex.

The Lake Norman area was again home to Mecklenburg County's most expensive residential sale in March.

That home in Cornelius' The Peninsula neighborhood sold in late March for just shy of $3 million; the 6,7840-square-foot waterfront property carried a sale price of $2.97 million. It hit the market in mid-February, listed at about $2.99 million.

In February, the famed “Ricky Bobby” mansion, featured in “Talladega Nights: The Ballad of Ricky Bobby,” came in as that month's priciest home sale,…

The Atlanta Housing Authority will work in a public-private partnership with developer McCormick Baron Salazar “to create an amenity rich 239-unit mixed-use, mixed-income residential community.”