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Commercial property includes office buildings, medical centers, hotels, malls, retail stores, multifamily housing buildings, farm land, warehouses, and garages. In many U.S. states, residential property containing more than a certain number of units qualifies as commercial property for borrowing and tax purposes.
Overage or land-sale overage (also called “claw back”) is a term in land sales used to describe a sum of money in addition to the original sale price which a seller of land may be entitled to receive following completion if and when the buyer complies with agreed conditions.
MGM sold the land on the condition that a high-rise not be built on the property. The company approved of 63's four-story height, which would have minimal effect on the views from CityCenter's hotels. [6] The $80 million sale was finalized in June 2021, [7] and construction began that month, [6] with Penta Building Group as general contractor. [11]
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The area is covered by the San Ramon Valley Fire Protection District. The ZIP code is 94506. The community is inside area code 925. Blackhawk is known for its uniform architecture and suburban lifestyle, with the median household income being $167,875 and median home price of $1,117,500. [needs update]
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