Real Estate Blog
UAB plans major project in Hoover mixed-use development
UAB has purchased property in Hoover with plans for a new medical office building.
Design powerhouse: Inside Perkins+Will’s acquisition of lauckgroup
Lauckgroup, a Dallas-based interior architecture firm, was acquired in March by Chicago-based Perkins+Will Group Ltd., combining two firms with Houston presences into what principals of each predict will be a design powerhouse in Texas.
Seattle unveils preliminary property charges for waterfront upgrades; Nordstrom could pay $1.85 million
The city's $688 million Waterfront Seattle program includes rebuilding the waterfront after the new State Route 99 tunnel opens and the Alaskan Way Viaduct is taken down.
Terrazzo flooring company sold to former Solutia executive
Paul Berra III, a former executive at specialty chemical maker Solutia, has purchased 86-year-old flooring contractor Missouri Terrazzo Co. from Richard Dreyfus.
Terms of the sale, announced Friday, weren’t disclosed. Berra is the fourth owner in the company’s 86-year history, according to a spokeswoman. Dreyfus will stay on for a period of time as a consultant, she said.
The company installs terrazzo, resinous flooring and wall systems and dyed, polished and stained concrete.
Berra plans…
Gilbert approves deal with university for vacant downtown building
A private, liberal arts university based in Missouri will begin offering classes this fall in a downtown Gilbert building formerly occupied by another school.
Park University, which already has an Arizona presence in Glendale and Tucson, plans to begin classes this fall in Gilbert pending approval by the Higher Learning Commission and the Arizona State Board for Private Postsecondary Education.
The Missouri-based university will set up shop in about 11,000 square feet of the University Building,…
Solera Health quadruples space in move to downtown Phoenix
This Phoenix health firm plans to hire more this year
See Pacific Office Automation’s new Phoenix office space after acquisition
Pacific Office Automation Inc. has doubled its office and warehouse space in Phoenix, with plans to hire at least 40 employees this year.
Beaverton, Oregon-based Pacific Office Automation moved from its 32,000-square-foot Tempe office into a 65,000-square-foot Phoenix office off McDowell Road and 45th Street in February. A grand opening was held at the office April 5.
Doug Pitassi, Pacific Office’s president, said the larger office is part of the company’s expansion and to accommodate growth…
Patti Payne’s Cool Pads: Amazon exec and his wife list West Seattle beach home (Photos)
An Amazon.com Inc. executive and his wife have listed their gorgeous on-the-water property in West Seattle for $2.25 million.
“We absolutely love the beach lifestyle,” said the seller, who asked not to be named for privacy reasons. “Love waking up in the morning and smelling the saltwater, hearing the waves against the bulkhead and watching marine life out the windows.”
Managing broker and owner John Manning of RE/MAX On Market has the new Beach Drive Southwest listing.
“You’re very much…
New apartment complex slated for $1B Creative Village
This will be the fourth apartment complex for the 68-acre development.
Phoenix housing market overvalued, but don’t expect a new bubble
Phoenix homes are overvalued.
That's according to the latest CoreLogic Home Price Index, which this week pegged Phoenix's housing market as one of many across the country as being overvalued.
From February 2017 to February 2018, home prices in Phoenix grew 6.7 percent.
The biggest reasons for the assessment seem to be population growth combined with a lack of desirable housing inventory in the neighborhoods people want to live.
That's good news for sellers in those desirable areas, who likely…