Real Estate Blog
Columbus housing authority to put $25M into rehabbing four communities
State funds will help Columbus Metropolitan Housing Authority to renovate over 250 affordable housing units and fund dozens more units in two new communities.
CMHA will spend about $25 million to renovate four communities in east Columbus, the next stage in the group's multiyear effort to modernize the affordable housing options in the city and give a comprehensive overhaul to the 1,424 housing units in its portfolio.
The four communities are 53-unit Eastmoor Square, 50-unit Glenview Estates,…
Top of the Market: More million-dollar homes in Collierville, Downtown and Eads
Three Shelby County homes sold for more than $1 million last week, with two selling for more than $1.3 million.
The No. 5 priciest home of the week sold in Collierville for $734,000. This 2004 home, located on Bayhill Woods Cove, has five bedrooms and four-and-a-half bathrooms in 5,500 square feet.
The week's No. 4 home, located in Germantown's 38139 ZIP code, sold for $810,000. The 5,400-square-foot house, located on Williams Glen Cove, was built in 1999 and holds five bedrooms and five-and-a-half…
140-acre Anne Arundel tract could become parkland instead of housing
A tract of land at the center of a long-running development battle in Anne Arundel County could become park space if a county attempt to purchase the property is successful.
County Executive Steve Schuh announced Thursday that Anne Arundel's government is in talks with Snyder Development Corp. to buy the 140-acre Turtle Run at Deep Cove property in Churchton, a south county community on the Chesapeake Bay.
Snyder Development has tried for more than a decade to win permission to build housing on…
Baltimore’s 21224 ZIP code among tops for gentrification in U.S.
The 21224 is getting some national buzz.
The ZIP code that totals four miles and includes Patterson Park, Canton, Highlandtown and parts of Essex is among the top 20 in the U.S. to have gentrified between 2000 and 2016, a new study shows.
During that time period, the number of households in the 21224 decreased by 2.6 percent, while home values increased by 107 percent, the study by the real estate data firm Rentcafe said.
All of this took place while the median household income in the 21224…
If Amazon cares about housing, Denver’s unlikely to land HQ2 but we’re close
Jeff Neumann, The Denver PostAmazon picked 20 regions, including Denver, to further explore building a second headquarters. Here’s the competition.If it were up to housing experts to pick Amazon’s second headquarters location, Denver wouldn’t be it.
But the Mile High City would come very close. Fourth-place close, albeit in a three-way tie, according to a new report by real estate site Zillow and researcher Pulsenomics that explored housing in the 20 places Amazon picked as HQ2 finalists.
Researchers asked 105 housing economists and professors which city or region was most likely and least likely to be Amazon’s HQ2.
Six picked Denver as most likely. And no one felt Denver, which has a Zillow median home value of $384,300, was the least likely city. Denver has the ninth highest median home value of the 20 finalists. Zillow added that economists also liked Denver because it’s “relatively affordable,” and “it’s a boom town and (a) younger generation loves it” and “Pot is legal.”
In a ..
Tennessee developer expanding East End health care facility
They will more than double the square footage at the facility with this new building.
Lerner affiliate outbids competitors for GSA-owned warehouse property near Nationals Park
An affiliate of Lerner Enterprises outbid its competitors to pick up a federally owned Capitol Riverfront property at auction, the General Services Administration announced Thursday.
Lerner, as Half Street Partners LLC, paid $31 million for 49 L St. SE, a 0.68-acre property that includes a 33,000-square-foot warehouse built in 1924.
The online auction for the site went live in October. The GSA reports there were 14 registered bidders who placed a total of 74 bids, and the auction closed Dec.…
The 10: Shaping commercial real estate
There’s a lot happening in the commercial real estate business. Plenty of projects are in the pipeline. Warehouse vacancy is low and demand is high. At the same time, the region doesn’t have a mega-project in the works, and with sinking hotel occupancy rates, some wonder just how many more rooms the region can support. This edition of “The 10” focuses on the people, companies and trends shaping commercial real estate in the Albany area.
Wiegmann Associates doubles HVAC division with acquisition
St. Charles-based Wiegmann Associates has acquired the service assets of SystemAire, which will add 10 percent to 20 percent in revenue for the company.
Sojourner-Douglass College debts total more than $25.1 million
The Sojourner-Douglass College in East Baltimore lists more than $25.1 million in debts in its recent Chapter 11 bankruptcy filing — a first glimpse into the financial troubles of the now defunct school.
The college owes money to nearly 60 creditors. They include the City of Baltimore for outstanding water bills totaling $100,650 and real estate taxes totaling $65,839.
Sojourner-Douglass College filed for Chapter 11 bankruptcy protection on Feb. 21, about an hour before its properties at 200…