The curator of this weekly posting of real estate and community development news is Pike Oliver. He is Acting Chair of the Runstad Department of Real Estate in the College of Built Environments at the University of Washington. Please note that some links may lead to items that are behind a paywall.
Glenn Straub, a Florida-based developer, claims that D.R. Horton, the nation’s biggest homebuilder, violated an agreement to greatly expand the residential side of the luxury Tesoro Club in Port St. Lucie.
Continental Properties LLC has acquired Met Tower, a 366-unit residential building in Seattle it helped develop in 2001, for $216.1 million. The seller was Seattle-based Westlake Tower Associates, according to multiple media reports. The buyer orignally developed the 31-story tower in a joint venture with Bentall and sold the building in 2003 for $105 million, or $287,000 per unit. Bentall was looking to get out of the multifamily real estate business at the time.
Across North America, trees stand ready to help us solve the climate crisis. Trees remove carbon dioxide from the atmosphere and store it in their wood. This opportunity arises from cross-laminated timber, or CLT. First introduced in the 1990s, it enables architects and engineers to design tall, fire-safe and beautiful wood buildings.
Catherine Mazorodze was overworked and tired when she quit her job as a farmworker in Zimbabwe’s Manicaland province. No job meant she was also homeless, along with her grandmother with whom she had shared a small home provided by the farm’s owners. Mazorodze jumped at the opportunity to get a small plot of land of her own - distributed by the leaders of Chisumbanje, her village - but soon realised there was a price to pay.