News about properties and real estate
Orchard Pointe, a 17-year-old, vinyl-sided apartment complex in Vancouver, Washington, wouldn’t have drawn a second look from Invesco Real Estate in early 2010, when most multifamily-property investors wanted newer, trophy buildings in coastal markets such as New York and San Francisco. “We wouldn’t have even considered it,” Greg Kraus, head of acquisitions at the Dallas-based …
Continue reading “Apartment Investors in U.S. Not Scared by Vinyl Siding in Search for Yield”
There might finally be some good news this year about the nation’s dismal housing market. Or, at least, the bad news could stop. Either way, it will be welcome relief for current homeowners as well as for potential real-estate investors. Reasons to be optimistic have been sadly lacking since the housing bubble burst in 2006. …
Continue reading “Why 2011 May Be the End of the Housing Crash – WSJ.com”
Is housing headed for a dreaded double-dip? Or are signs finally pointing to a long-awaited rally? Despite the glum statistics recently, well-heeled buyers in many markets should feel comfortable betting on the latter. Home prices nationwide in December were down more than 31% from their 2006 peak, according to the latest Standard & Poor’s/Case-Shiller index, …
The Sebring City Council, in a 4-1 vote Tuesday, decided not to pursue legal action against the developers of Majestic Cove because it figured it had no legal grounds to sue the company.The problem, the council members said, lay in the wording of the city’s development agreement, dated Nov. 15, 2005, with the developer.Council decided …
A labor of love, an economic boost and a local link to a world of travelers: the newly opened Royal Floridian South Tower is all of those. The first new beachside construction project since 2006, the 53-unit structure is the latest addition to Spinnaker Resorts, owned by Ken Thomas. His 10 resort properties include six …
The scenery includes parking lots and vacant land just steps from the Mississippi River. To Trooien, who owns much of the acreage, those empty parcels were the property that would redefine downtown St. Paul. At the height of the real estate boom, Trooien proposed the highly publicized Bridges of St. Paul project — a massive …
Continue reading “Developer Jerry Trooien — A vision gone bust”