Real Estate Blog
Developer wants to build nearly 500 senior housing units in Rotterdam
The developer reduced the size and scope of the project in an effort to win approval from town officials. There's expected to be strong demand for the housing if it's built. Rotterdam has a large senior population compared to the U.S. as a whole.
With a tight construction site, this camper serves as a mobile office for busy developer
Borror's got a unique strategy to lease out its not-yet-competed residences in popular Short North.
The developer is nearing completion on The Castle, the substantial joint venture it has put together with White Castle at 985 N. High St. But pre-leasing the luxury apartment units there proves difficult with the substantial construction around the site.
That's why the developer has created a mobile leasing office inside a Mercedes camper van to put tenants into one- and two-bedroom apartments there.
“The…
Are housing markets in N.C. priced right? Depends on the metro, study says
According to a new report by CoreLogic, housing market conditions in about one-third of the country's 100 largest metropolitan areas are considered to be overvalued.
But for Greensboro, the opposite is true. The Greensboro housing market is considered to be undervalued, even as home prices increased by 3.34 percent from January 2017 to January 2018.
According to CoreLogic Inc. (NYSE: CLGX), an overvalued housing market is one in which home prices are at least 10 percent higher than the long-term,…
Waukesha buys vacant strip mall, will soon seek redevelopment proposals
The city of Waukesha bought a vacant strip mall across the street from its City Hall, and next month could call for companies to redevelop the property.
Judge, police help oust Trump Hotels from Panama property
By Jeff Horwitz, Mark Stevenson and Juan Zamorano, The Associated Press
PANAMA CITY — Workers pried President Donald Trump’s name from signs outside his family company’s luxury hotel in Panama on Monday, as Trump’s executives were ousted from their management offices in a business dispute under orders from Panamanian officials. Trump’s security guards also left.
The end to a 12-day standoff over control of the property came early in the day when a Panamanian judicial official and police officers backed the hotel’s majority owner, Orestes Fintiklis, as he took possession of the offices. The Trump-affiliated management and security officials then left the 70-story, waterfront high-rise.
“This was purely a commercial dispute that just spun out of control,” said Fintiklis, a Miami-based private equity investor and head of the hotel owners’ association. “And today this dispute has been settled by the authorities and the judges of this country.”
The Trump Organization’s lawyers, however,..
Average price of a single-family home in metro Denver passes half-million dollar mark
Home price gains in metro Denver are rising at a double-digit pace this year after taking a breather in 2017, pushing the average price of a single-family home sold in February above $500,000 for the first time, according to the Denver Metro Association of Realtors.
“We have never been above $500,000,” said Steve Danyliw, chairman of the DMAR market trends committee and a Denver Realtor. “It is a psychological barrier, especially for some of our younger buyers.”
The average price of a single-family home sold in metro Denver reached $502,986 in February, up 2.5 percent from January and 11.8 percent from February 2017.
By contrast, the income gains needed to support higher prices are running just under 3 percent in Colorado.
There were a few signs in the latest numbers, however, that the increases may not continue at such a blistering pace. Inventory has inched up as more new listings arrived and sales slowed, in part because of rising mortgage interest rates.
Average rates on a 30-..
Man convicted of luring investors to Colorado real estate scam now leads financing of $100 million Wisconsin redevelopment project
Provided by Wausau Pilot & ReviewRiverlife Village siteMore than 10 years after a former Denver man was charged with securities fraud for his role in an $8.3 million real estate scam, he continues to make monthly restitution payments to his victims.
But Jason Sharkey’s criminal background hasn’t stopped him from becoming a key player in an $80 million to $100 million riverfront redevelopment project in Wausau, Wis., that’s funded in part by city money, according to records from the U.S. and Canada.
The first phase of Riverlife Village is now under construction on 16 acres of city-owned land in Wausau, a community of about 39,000 people 100 miles west of Green Bay, with Sharkey running the project’s financing through a company he founded called Quantum Ventures.
“That’s insane. That’s just crazy, that’s what that is,” said Broomfield resident Thomas Severino Jr., one of many investors lured into the Colorado scam by Sharkey. He and his wife invested $40,000 with Sharkey, who still se..
Veteran Kingwood real estate agents form new company
“Every once in a while, it gets a little hairy and it’s nice to ask, ‘can you help me out with this?’”
McBride spends $2.5 million for Wildwood land
McBride Homes has purchased 20 homesites in the Homestead Estates neighborhood in Wildwood for $2.54 million.
Status check: Don’t hold your breath for Oakville Triangle to get underway
The vision for Oakville Triangle calls for a diversity of housing options, new public open spaces and compatibility with the existing neighborhoods.