Real estate

Empty space haunts Fifth Avenue as retailers balk at rent hikes

Landlords on Manhattan’s Fifth Avenue are sitting on a record amount of open space as retailers balk at committing to expensive new leases in one of the world’s most prestigious shopping districts....

DATE: Oct. 29, 2016 | CATEGORY: Business

Home designer plans several hotels

NEW YORK – The home-design retailer West Elm is taking its brand into the hotel industry, with plans for hotels in five cities: Detroit; Indianapolis; Minneapolis; Savannah, Georgia, and Charlotte,...

DATE: Oct. 29, 2016 | CATEGORY: Business

Relics of Old Durango

Main Avenue edifices are the lasting archetypes of Old Durango. Though new additions and remodels came for decades afterward and continue today, construction of the initial historic district was...

DATE: Oct. 29, 2016 | CATEGORY: Business

U.S. home sales rebounded in September despite tight supply

WASHINGTON – More Americans bought homes in September, many for the first time, despite a persistent shortage of properties for sale. The National Association of Realtors said last week that sales...

DATE: Oct. 22, 2016 | CATEGORY: Business

Sales stable, prices slightly up in third quarter

Third-quarter real estate transactions show nearly across-the-board median price increases coupled with a slight decrease or stagnancy in sales so far this year. “The marketplace is tightening from...

DATE: Oct. 22, 2016 | CATEGORY: Business

New York law cracks down on illegal Airbnb rentals

ALBANY, N.Y. – New York state enacted one of the nation’s toughest restrictions on Airbnb on Friday with a new law authorizing fines of up to $7,500 for many short-term rentals. The measure signed...

DATE: Oct. 22, 2016 | CATEGORY: Business

A surprisingly high number of first-timers now buying homes

WASHINGTON – For years, the U.S. housing market looked bleak for young couples hoping to buy their first homes but struggling with high student debt, low pay and meager down-payment savings. But a...

DATE: Oct. 22, 2016 | CATEGORY: Business

U.S. home construction fell 9 percent in September

WASHINGTON – Homebuilders pulled back on construction for a second straight month in September, with a plunge in apartments offsetting gains in single-family homes. Building activity was weak in...

DATE: Oct. 19, 2016 | CATEGORY: Business

Developer eyes hillside for homes in Dolores

The Dolores Town Board has delayed making a decision on whether to grant a controversial subdivision request by a developer who wants to build homes on a hillside off North Ninth Street. “I think...

DATE: Oct. 15, 2016 | CATEGORY: Business

Cortez housing projects miss out on state tax credits

Though two potential low-income housing development projects in Cortez were not awarded state tax credits earlier this fall, developers for both projects say they’re still invested in the...

DATE: Oct. 15, 2016 | CATEGORY: Business

Silicon Valley office rents tops in U.S.

Aydin Senkut started his venture capital firm Felicis Ventures in San Francisco a decade ago. Five funds and more than $430 million later, Senkut is ready to open an office on Sand Hill Road,...

DATE: Oct. 15, 2016 | CATEGORY: Business

Luxury RV park planned for Purgatory area

Purgatory real estate, which summons images of sprawling cabins and high-end condos for seasonal ski bums, may soon include a luxury RV resort. On Friday, the San Juan County Board of County...

DATE: Oct. 14, 2016 | CATEGORY: Business

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