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Denver rated 5th best U.S. market for selling a home

Posted by on 11:01 pm in Arizona News | Comments Off

Denver is the fifth best market for sellers of homes in the nation, and Northglenn is the top sellers' market within the Denver metro, according to a new report from Zillow.com. Within metro Denver, Evergreen is the top buyers' market, the report said. Top sellers' markets are not necessarily those where home values are rising, the report said, but instead are those in which homes are on the market for a shorter time, where price cuts occur less frequently and homes are sold at prices very...

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16-story tower on East Boston waterfront wins BRA approval

Posted by on 6:56 pm in Arizona News | Comments Off

A Portland, Oregon, developer that recently bought an empty industrial building on the East Boston waterfront won approval from the Boston Redevelopment Authority Thursday night to renovate and expand it into a 16-story residential tower. Gerdin Edlin will contribute about $7.8 million toward construction of affordable housing in the city under a linkage agreement tied to the New Street project. The company and BRA analysts agreed putting the affordable housing on the 4-acre tower site could...

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Counting down the Triad’s 50 fastest-growing private companies (Slideshow)

Posted by on 6:30 pm in Arizona News | Comments Off

As we once again count down the region's fastest-growing companies in our annual Fast 50 section, there's a certain beauty to the diversity of industries represented. This is our 16th year of this awards program, and each iteration is significantly different in terms of the companies and sectors of the economy represented. This year, for example, you’ll see more contractors and construction-related companies than we’ve seen in quite some time, including a few on the residential side....

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New B.U. research building wins Boston Redevelopment Authority approval

Posted by on 6:30 pm in Arizona News | Comments Off

Boston University’s proposal to build a nine-story research building on the site of parking lot off of 610 Commonwealth Avenue won unanimous approval from the Boston Redevelopment Authority board last night. The $140 million life sciences building will be unusual in that HVAC and other utility machinery will be in neither a basement — there will be no basement — nor in a shed on the roof. “We are aware of the (possibility) of a sea-level rise,” a BU representative said in explaining...

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Mayor Sheehan on $32.5 million in tax breaks: Rewards outweigh risks

Posted by on 5:38 pm in Arizona News | Comments Off

Mayor Kathy Sheehan says tax breaks are all about risk versus reward, especially in Albany, New York. That's why she supports the $32.5 million in tax exemptions approved for the Park South mixed-use development in downtown. "The purpose is to make the numbers work to take the risk and undertake this huge project," Sheehan said. She even stumped herself when seeking a comparison to the project, which is redeveloping an entire neighborhood near Albany Medical Center's campus on New Scotland Avenue....

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B.R.A. approves redevelopment of Mission Hill site razed by government decades ago

Posted by on 5:20 pm in Arizona News | Comments Off

A nearly 2-acre parcel of land in Mission Hill that was cleared in the 1960s for the construction of an I-95 extension that never was built, and has been a blight on the neighborhood since then, is set to be replaced in three phases by residential and commercial buildings under a plan approved Thursday night by the Boston Redevelopment Authority. The unanimous vote the overall plan to develop Parcel 25 followed decades of neighborhood activism and nearly an hour tonight of testimony —...

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Mortgage rates jump this week

Posted by on 4:29 pm in Arizona News | Comments Off

Long-term borrowing costs have been hovering near the lowest levels of the year in recent weeks, but rates jumped noticeably this week. Freddie Mac says the average rate on a 30-year fixed-rate mortgage was 4.23 percent in the week ending Sept. 18, up from 4.12 percent last week. Even so, 30-year rates were averaging 4.50 percent a year ago. That's the highest 30-year rates have been since May. Read more from the Washington Business...

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Cost for Seattle office high-rise site crosses the $1,000-square-foot mark

Posted by on 3:13 pm in Arizona News | Comments Off

If you want to buy an office development site in downtown Seattle, prepare to open your wallet a little wider. In addition to paying $14.3 million for a little less than a half acre last week, Trammell Crow Co. paid $7.5 million for the development rights to build a larger project. When combined, the two acquisitions put the per-square-foot price for the development site at $1,050. That's among the highest price ever paid in Seattle. Trammell is planning a 21-story office tower for the site...

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Would Bo invest in Birmingham? Three questions with Bo Jackson

Posted by on 3:08 pm in Arizona News | Comments Off

As one of the greatest athletes of all time, Bo Jackson knows sports. As an investor in a Chicago bank and an entrepreneur, he also knows business. But his first love – at least in the sports world – was track and field, he told an audience of Regions Bank’s clients today. When he was in the third grade, Jackson said he would sneak out of class to go outside with the older kids, and outrun all of them. He later joined the track team. Jackson said he’s always been fast, developing his...

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Peterson, Brandywine to develop town center in Herndon

Posted by on 2:41 pm in Arizona News | Comments Off

The Peterson Cos. and Brandywine Realty Trust have formed a joint venture to develop a 300,000-square-foot mixed-use town center on Sunrise Valley Drive in Herndon. The Radnor, Pennsylvania-based Brandywine acquired the vacant, 10-acre parcel in Woodland Park, 2291 Wood Oak Dr., in 2012 for $2.1 million. Nearby, Brandywine owns 1.86 million-square-feet of office development in 13 Herndon properties. The town center, as currently envisioned, will include residential units built atop retail and...

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