Real Estate Blog

One of the newest members of Kansas City's billion-dollar revenue club has an employee stock-ownership program, which it credits for much of its recent success.

One of the region’s top development companies has purchased land in the Dayton region that is the site for a major revitalization project. The purchase includes a retail building that presents unique opportunities.

A unique property on Lake Michigan near Racine with an indoor pool and an elevator will soon hit the market. See inside this stunning estate inspired by Frank Lloyd Wright, which will have an asking price of $3.25 million.

“Growing our footprint in the Discovery District opens new opportunities for the University of Maryland to deepen its relationships” with public and private partners, UMd.'s president said.

September’s Denver Metro real estate market experienced a seasonal slowdown, with new listings, pending sales, and closed sales declining.

Although closed sales dropped about 20% from August, prices held steady at a median of $585,000, according to September’s monthly report from the Denver Metro Association of Realtors.

First-time homebuyers not tied to historically low-interest rates are leading the charge on purchases, said Libby Levinson-Katz, chair of the DMAR Market Trends Committee.

“In many ways, this is the perfect market for first-time homebuyers to seize opportunities,” she said. “While interest rates are high, these buyers can negotiate instead of jumping into bidding wars where they might pay 10 percent over the asking price to secure a property like many did over a year ago.”

Although the average close-to-list-price ratio is down year-over-year by almost 5 percent to 99 percent, more buyers want concessions like buydowns to reduce their interest rates instead of haggl..

SB 423 is poised to offer an unprecedented path to streamlined approval for eligible, market-rate residential development. That would indeed be a significant change in San Francisco — so long as market-rate developers are game.

“When you can control enough real estate in one area, you can start changing the narrative for that area,” said Hempel CEO Josh Krsnak. “… We really want to do the best we can to add value to the city of Minneapolis.”

Grand Avenue has become a major point of concern as dozens of development projects are planned in the far northwest part of the Valley and leaders seek solutions for the growing congestion.

“We implore you, Mr. President, to use your unique position and authority to protect Lahaina,” McKelvey wrote.

The vacancy rate for the buildings featured on Phoenix Business Journal's recent list of the Valley's largest office buildings has doubled in the past few years, according to second quarter data. It's a trend that's likely top of mind for brokers across the country as tenants reassess their office needs.