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Real Estate

Portico mixed-use development marks milestone

Over the last 18 months, the mixed-use development in Meridian called Portico has leased 265,000 square feet of commercial space. That’s about 80 percent of the 327,849-square-foot project at the Eagle Road exit off I-84. In a commercial real estate ...

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The new normal goes beyond real estate collapse

The crisis that almost collapsed the financial system, the markets and the economy was a once-in-a-lifetime event for most of us. The effect was not only monetary, but psychological. Shifts in attitudes about money, financial independence, retirement, leverage and consumption ...

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Paramount sells 51 new homes in 2009

Boise-based developer Brighton Corp. is declaring 2009 a successful year for Paramount, its master-planned community in Meridian. Fifty-one new homes sold in the community last year, and three new commercial tenants moved in – Walgreens, Edward Jones and Idaho Health ...

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Idaho Falls convention center plans move forward (access required)

If Idaho Falls has better luck than Boise does, crews will break ground on a new convention center in 12 to 18 months. The Idaho Falls Convention and Visitors Bureau recently selected a site at mixed-use development Snake River Landing, ...

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Twin Falls markets vacated Dell call center building (access required)

The Twin Falls Urban Renewal Agency has agreed to accept termination of the lease agreement with Dell Inc., freeing the agency to market the 48,000-square-foot call center building to prospective new business occupants. Dell operated the technical support call center ...

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Home price recovery looks slow

The latest report from First American CoreLogic indicates a more pessimistic outlook than previously expressed. The national real estate data company predicted the U.S. will see further declines in home prices, followed by a recovery in the spring. But that ...

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Gap between commercial real estate asking and actual rate deepens

In 2009, commercial real estate saw a widening gap between what the landlord asks a tenant to pay and what the tenant actually pays. In the office sector, the average asking rate declined just slightly from the level it maintained ...

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New RESPA regulations may slow real estate recovery

New federal regulations designed to protect homebuyers from nasty surprises at loan closing time could slow the recovery of the real estate market, some industry insiders say. The regulations require early disclosure of expected loan costs for residential mortgages, with ...

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Brokers predict longer office lease rates in 2010 (access required)

Despite an anticipated rush of commercial foreclosures in the coming year, brokers from Boise’s Colliers International predict the economy has stabilized enough for more office tenants to start signing longer lease agreements. Office specialist Scott Feighner said businesses have figured ...

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