Real Estate Blog
Houston’s most expensive mansion ever just got a price cut of about $13 million
When Chateau Carnarvon first hit the market, the mansion was touted as the most expensive home ever listed for sale in Houston at $43 million.
Now, the price tag for the more than 27,000-square-foot mansion has been reduced to $30 million, according to its listing on the websites of the Houston Association of Realtors and Martha Turner Sotheby’s International Realty. Despite the decrease, it’s still the priciest home for sale in the area. Kellie Geitner with Martha Turner Sotheby's is the listing…
Energy-efficient Orono Dream Home sells for $2.38 million
A home in Orono built by Minneapolis-based Sustainable 9 has sold for $2.38 million.
The house was previously listed for $2.4 million and was featured as a Business Journal “Dream Home a year ago. It was sold to Scott M. Ross, according to state and Hennepin County property records. He could not immediately be reached for comment.
Built in 2016, the 4,076-square-foot home on Lake Minnetonka is an Energy Star-certified smart home. It has four bedrooms, four bathrooms, an office, game room,…
Prominent luxury Realtor sues homebuilder with celebrity clients like Lance Armstrong, Kendra Scott
Laura Gottesman, a well-known luxury Realtor in Austin, is suing Michael Deane Homes over alleged defects in what had been her family's home on Mt. Bonnell. Michael Deane Homes has built homes for the likes of cyclist Lance Armstrong, and sources say the company also worked with the Yeti brothers and jewelry designer Kendra Scott.
Want to buy a home in Wichita? Expect to pay a little more
The average price for an existing home in the greater Wichita area jumped by more than 9 percent to just over $144,500 in March.
Disgruntled potential buyers at tiny-house community in Charlotte weigh legal action against developer
At least two people who put down lot-reservation fees at a planned tiny-house community in northwest Charlotte say they are considering legal action against the developer after unreturned phone calls, emails and requests for refunds.
The community, Keyo Park West, was touted as a 56-lot community of tiny homes between Cathey and Tom Sadler roads in the Coulwood neighborhood, with the homes ranging in size from 490 to 1,000 square feet. An open house last summer drew thousands of people and created…
See some of Tampa’s biggest residential construction projects from the sky (Photos)
The massive construction projects changing Tampa's landscape change almost daily.
Many of the large multifamily and mixed-use developments proposed throughout the city in 2015 and 2016 are well under construction. Projects in and around downtown Tampa and are taking shape, from Altis Grand Central to Seazen, the apartment building that has replaced the former Chart House restaurant.
View the photo gallery to see aerials of the following developments:
Where: Across Grand Central Avenue from Oxford…
Apartment-building boom in Denver second-largest in the U.S., per capita
As much as rents have risen in metro Denver this decade, the increases could have been even higher absent the second-largest surge in apartment construction of any major metro area in the country, according to a new report from Apartment List.
Metro Denver added $12 billion worth of new apartments between 2000 and 2016. That ranks 11th among the nation’s 25 largest metros in dollar terms, but second only to Seattle after adjusting for the size of the population.
“It’s hard to quantify an exact rent impact, but it’s safe to say that in the face of rapidly increasing demand, Denver’s rent growth would have been more extreme without these additional units,” said Chris Salviati, a housing economist at Apartment List, an apartment search site based in San Francisco.
Rents in metro Denver are up 62.5 percent between 2000 and 2016, according to the Consumer Price Index for Denver-Aurora-Lakewood. That is higher than the 42.4 percent increase in consumer prices overall across that same time..
Houston company adds 205,000 SF to its San Antonio retail portfolio
Kotel Investments Inc., a real estate investment company with offices in Southern California and San Antonio, tapped Houston-based NAI Partners' landlord services division to manage its San Antonio retail portfolio.
NAI Partners, in turn, assigned the six-property, 205,000-square-foot portfolio to Cindy James, a San Antonio-based property manager who has been in commercial real estate for more than 20 years. James comes to NAI Partners from Endura Advisory Group, where she had a similar role and…
Banyan Street Capital merges with New York real estate firm
Miami-based Banyan Street Capital has merged with New York-based MHP Real Estate Services to form a commercial real estate firm with over $3 billion in assets and over 15 million square feet.
Norman Sturner, the co-founder of MHP, will be chairman of the company. His son, David Sturner, will be president and CEO, after previously being principal and chief operating officer.
“The union of MHP and Banyan Street has been in the works for some time,” Norman Sturner said. “With MHP’s portfolio…
Concern over waterfront tax grows, particularly among condo owners — but it’ll be tough to stop
One opponent said the tax overly burdens a small group of people when the new waterfront will benefit the entire city.