Real Estate Blog

Vertical construction has started on the 15-story, $105 million student housing tower at Creative Village being developed by Ustler Development Inc. and Development Ventures Group Inc.

The building will be a major piece of the new 68-acre University of Central Florida/Valencia College joint campus in downtown Orlando's $1 billion Creative Village development, which is slated to become a transit-oriented redevelopment that will focus on apartments, retail, restaurants, education and more on the…

In addition to extending indefinitely its policy for tenant relocation expenses, the city is also looking into creating a “rental registration database.”

The Howard Hughes Corp., which is about to launch sales on its fifth Honolulu mixed-use condominium this week, said 93 percent of the 1,381 units in its first four Ward Village projects are sold or under contract.

The Howard Hughes Corp. (NYSE: HHC) reported 177 sales of condo units at Waiea, Anaha, Aeo and Ke Kilohana in 2017, including 59 units sold in the fourth quarter, which accounted for revenues of $464.3 million from condominium rights and unit sales, the company said in its quarterly earnings…

New regulations for Airbnb present challenges for entrepreneurs and businesses. Lesa Mitchell, managing director of Techstars Kansas City, and Ryan Weber, president of KC Tech Council, have been particularly vocal about the changes.

Andy Cross, The Denver PostA tap room at New Belgium Brewery in Fort Collins, Colorado in 2016.New Belgium Brewing confirmed Monday that it laid off 28 employees, most of whom worked out of the beer maker’s Fort Collins headquarters.

The cuts, made Friday, were partly due to a rapid expansion to Asheville, N.C. in 2013. In a statement, the company said “We expanded our staff to support a brewery about 40 percent larger than New Belgium is today, and we haven’t yet achieved our goals in the face of changing dynamics in craft brewing.”

While the maker of the popular Fat Tire brand shipped more beer in 2017 than the previous year, growth in craft beer sales has slowed, causing New Belgium to rejigger its goals. Industrywide, independent craft brewers continue to thrive nationwide but at a slower pace, according to a 2016 year-end report by the not-for-profit Brewers Association.

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The Manahattan-based developer angling to erect an 81-story skyscraper in the heart of downtown Denver is no longer under contract to buy land where the building is supposed to go, the property’s owner said Monday.

But the developer’s attorney said the situation is a misunderstanding and his employer fully intends to buy the land and build the building.

The Six Fifty 17 project would be the tallest building in Denver as proposed, reaching a height of 1,000 feet. It would bring a combined 705,045 square feet of hotel, condo, parking and amenities space to the corner of 17th and California streets, according to documents that representatives of developer Greenwich Realty Capital submitted to city planners this month.

But Greenwich will have to make some land purchases before it can break ground on the $371 million project.

Greenwich’s contract to buy a 25,000-square-foot lot on the corner now occupied by an asphalt parking lot, where the building would sit, has expired without a deal..

Landlords would be required to tell prospective rental-property tenants more about their application costs and requirements in a measure that passed the Democratic-controlled House on Monday.

House Bill 1127 also seeks to limit rental application charges to the costs of background and credit checks and mandate that landlords spell out to applicants the requirements for approval — such as rental and credit histories and income.

The legislation would also require landlords to provide a written notice to rejected tenants, as well, explaining on what grounds they were turned away. Landlords, under the measure, would also be barred from charging different rental application fees to different applicants and from changing those fees between different properties they might be offering for rent.

Those who violate the legislation, should it go on to be signed by the governor, would face penalties.

The measure passed 36-27 and now heads to the Republican-controlled Senate.

A bill that seeks ..

The leader of the union representing hundreds of Atlantic City hospitality workers called it a “pleasure” to work with the owners of the upcoming Hard Rock Hotel & Casino Atlantic City, after the two sides reportedly signed a neutrality card check agreement, the Press of Atlantic City reports.

Roughly 1,000 members of the Local 54 lost their jobs, along with more than 1,000 others, when the former Trump Taj Mahal closed in 2016. The shutdown followed a contentious contract battle between the union…

LiquidSpace has been spreading throughout Dallas-Fort Worth, with the market being one of the California-based company's most sought-after markets for office space.

Living Spaces could break ground as soon as April on a new store and showroom on Loop 1604 West.