Phoenix Business Journal

Title: Residential Real Estate News - Residential Real Estate News Headlines |
Description: Residential Real Estate news
    Here's a little-noticed factor behind Denver's shortage of homes for sale
    Many reasons have been cited for metro Denver's trend of record-low inventory of homes for sale. Here's one that doesn't get talked about as much.

    Karmaloop founder Greg Selkoe puts Back Bay condo up for sale for $10.5M
    Greg Selkoe has always been a Boston guy. But the entrepreneur behind the rise and public fall of streetwear e-retailer Karmaloop, recently put his $10.5 million Back Bay condo up for sale after moving to Los Angeles with his wife and two children last year. Selkoe, who founded an online apparel startup last September called Wanderset LLC, previously ran Karmaloop for about 15 years to a peak revenue of about $150 million in 2013 before financial trouble led to bankruptcy and a public battle?

    Are Canadian home buyers returning to Hawaii?
    Dennis Rush of Elite Pacific Properties said he closed on a deal for a unit at the Wailea Beach Villas to a Canadian buyer last week for $4.2 million and is seeing a "resurgence of Canadian buyers."

    First look inside the Gridiron, where no two condos are the same (Photos)
    A dozen of the units will be sold as affordable housing with purchase prices restricted by incomes.

    Bids surpass $15M in Phoenix Indian School land auction
    The land is in a prime location.

    Another factor in lack of homes for sale: reverse mortgages
    The Sacramento region has the fourth-highest percentage of homeowners with reverse mortgages in the U.S., according to a new report. That may be contributing to the rise in home prices.

    Patti Payne's Cool Pads: Cheryl and Andy McLauchlan's $5 million Yarrow Point manse is the house that love built
    A decade ago, Cheryl and Andy McLauchlan were living in what Cheryl thought was their dream home in Clyde Hill with their two little children, Amanda and Ian, when Andy saw a property on Cozy Cove in Yarrow Point. ?We both were loving our home in Clyde Hill,? said Cheryl, ?but Andy said, ?I want that! It?s a shared dock. Shared waterfront. We?ve got to get down here at Yarrow,?? she said. Three months after that declaration and buying the property, he was diagnosed with liver cancer.?

    Colorado's Aimco drops $160 million on D.C.-area apartment complex
    Colorado's Apartment Investment and Management Co. (Aimco) has purchased the Bent Tree apartment community in Fairfax County, Virginia, outside Washington, for $160 million. The buy adds 748 units to the real estate investment trust's already robust holdings in greater Washington. The acquisition price works out to roughly $214,000 a unit. Denver-based Aimco (NYSE: AIV) characterized the garden-style complex, 13639 Bent Tree Circle in Centreville, as Class B with average rentals of $1,500 per?

    Cryptocurrency makes its way to Dallas-Fort Worth's housing market
    An El Segundo, California-based startup has brought cryptocurrency home sales to Dallas-Fort Worth, with plans to sell a North Dallas house after fixing it up and readying it for a would-be buyer. Aperture Real Estate Ventures has launched its Property Coin concept in North Texas, giving home buyers the opportunity to buy an upgraded home in the hot North Texas housing market on an electronic dime by using Property Coin, bitcoin or ethereum. Property Coin offers investors the ability to buy into?

    Still wary of impacts on neighborhoods, group calls CodeNext 'beyond repair'
    Community Not Commodity, an anti-CodeNext group trying to put the land-use rewrite up for a public vote, is asking City Council to "immediately halt" the process after the release of the third draft.