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Updated: 30 weeks 4 days ago

Pace of inflation gathers steam in metro Denver

Mon, 01/15/2018 - 21:06
The price of consumer goods and services in the Denver region rose 3.7 percent over the last year, a greater increase than in previous 12-month periods. That’s according to a new report from the U.S. Bureau of Labor Statistics. The report, covering the 12-county Denver-Boulder-Greeley area, compares consumer prices in the second half of 2016 to those in the same period of 2017. The report measures the cost of typical consumer expenses, from housing to haircuts. Six months ago, the region’s…

Mixed-use project on S Street looking at summer/fall start

Mon, 01/15/2018 - 20:32
Work should get underway in or before the second half of 2018 on a 159-unit mixed-use project on a large empty lot in midtown Sacramento.

Grammy-winning producer Timbaland spends millions on new Miami condo

Mon, 01/15/2018 - 19:29
Grammy-winning producer Timbaland has agreed to acquire two units in the new Aria on the Bay condominium in Miami. Developer Melo Group didn’t disclose the price. However, the units were listed for about $4 million, according to sources familiar with the deal. Timbaland, whose real name is Timothy Zachery Mosley, can close on the deal when the condo tower receives its temporary certificate of occupancy (TCO), which is expected by March. The two units will be combined into one space totaling 4,700…

Former Enterprise executive sells Ladue home for $2.3 million

Mon, 01/15/2018 - 15:17
Last July, William Holekamp, former executive vice president of Enterprise Rent-A-Car, sold his Ladue home for $2.3 million. Holekamp sold the house under a trust in his name to Mark and Ann Cusumano. Mark Cusumano is the CEO of FW Warehousing, and Ann Cusumano is a senior branch office administrator at Edward Jones. The seven-bedroom home has nine bathrooms and sits on 3.8 acres. Built in 1960, the home is 9,576 square feet and has seven fireplaces, 15 total rooms, walk-in closets and a home…

Super Bowl Rentals: Unique options in Twin Cities include a luxury tree house and countryside bed-and-breakfast

Mon, 01/15/2018 - 15:00
Couples or small groups seeking unique accommodations while in the Twin Cities for the Super Bowl have a few options. In the rural areas of the east metro, between 30 minutes and 40 minutes east of the site of Super Bowl LII in downtown Minneapolis, a historic farm is offering up a tree house suite and a rustic cottage while a European-style bed-and-breakfast lodge has room for two in one of its suites. The rentals are being marketed by Denver-based booking startup GlampingHub.com, which specializes…

Baltimore's luxury apartments woo tenants with robots, a Bermuda cruise and free rent

Mon, 01/15/2018 - 14:11
As leasing rates slow at luxury apartment developments in Baltimore, perks like one and two months free rent and even a cruise are being tendered as a way to lure new tenants. "Offering 2 months free on select units," reads an internet advertisement for Porter Street Apartments, a new development in Locust Point off of Key Highway. The bonanza is good for renters and temporarily painful for developers, some experts say, as an overstock of multi-family units in Baltimore that tops 15,000 units over…

Rosie O’Donnell sells Florida mansion for $5M (photos)

Mon, 01/15/2018 - 13:26
Actress, comedian and talk show host Rosie O’Donnell sold her waterfront mansion in West Palm Beach for $5 million to businessman H. Wayne Huizenga Jr. and wife Fonda M. Huizenga. He’s the son of billionaire H. Wayne Huizenga, who led companies such as AutoNation, Blockbuster, and Waste Management, and also owned the Miami Dolphins, Florida Panthers, and the Florida Marlins. Huizenga Jr. leads Huizenga Holdings and is the CEO of Rybovich Marina in West Palm Beach. The home totals 7,592 square…

Rosie O’Donnell sells South Florida mansion for $5M (photos)

Mon, 01/15/2018 - 13:08
Actress, comedian and talk show host Rosie O’Donnell sold her waterfront mansion in West Palm Beach for $5 million to businessman H. Wayne Huizenga Jr. and wife Fonda M. Huizenga. He’s the son of billionaire H. Wayne Huizenga, who led companies such as AutoNation, Blockbuster, and Waste Management, and also owned the Miami Dolphins, Florida Panthers, and the Florida Marlins. Huizenga Jr. leads Huizenga Holdings and is the CEO of Rybovich Marina in West Palm Beach. The home totals 7,592 square…

Orlando in top 10 nationally for sales, real estate jobs

Sun, 01/14/2018 - 18:51
If you want a job in real estate or sales, then Orlando is a great place to be, a new report from Abodo shows. Looking only at job concentration, Fort Lauderdale-Pompano Beach-Deerfield Beach leads the country. Out of every 1,000 jobs in that metro area, 142.4 are in sales and real estate. Three more Florida areas are in the top 10 for job concentration: Orlando-Kissimmee-Sanford (No. 2) has 134.8 jobs per 1,000, Miami-Miami Beach-Kendall (No. 3) has 132.2, and Tampa-St. Petersburg-Clearwater (No.…

Rock stars, hall of famers and race car drivers: Who's making real estate plays?

Sun, 01/14/2018 - 11:06
One of the best ways to monitor the state of local economies is to follow residential home sales. Given that providing coverage of local trends is The Business Journals' sweet spot, we take particular note when bold-faced names begin to shake up the residential real estate market. This most-recent month saw stories that involved people from across the business, entertainment and sports worlds. We spotted homes being bought, marketed and sold by people like hall of fame baseball player Mike Piazza,…
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