Condo News Highlights

November new homes sales rise
By Patrick Rucker. Dated 12/27/2006

WASHINGTON (Reuters) - Sales of new U.S. homes rose a higher-than-expected 3.4 percent in November, but they were down 15.3 percent from a year ago, a government report on Wednesday showed.
Read More... (external link)

Housing market in flux
By SCOTT BRODEN. Dated 12/18/2006

Affordable townhouses are the new starter homes for many who can't afford big high-priced houses, yet first-time buyer Amy Childers was looking for more.
Read More... (external link)

Gay condo controversy
By Scott Van Voorhis. Dated 12/17/2006

The Bay State, the birthplace of gay marriage, is on the cusp of another revolution in alternative living that could prove to be just as controversial - gay condo communities.
Read More... (external link)

Condo-mania hits North Oakland
By Momo Chang. Dated 12/18/2006

Developers seem to have caught on to the fact neighborhoods like Temescal are ripe for building market-rate condominiums. They have bought lots, shuttled through the city's planning process and erected five to six-story complexes that tower over existing nearby structures.
Read More... (external link)

Downtown Department Store Reborn as Lux Condos
By Liza Danver. Dated 12/15/2006

Friday Mayor Jonathan Weinzapfel announced his formal request to the Evansville Redevelopment Commission to help fund an exciting new project downtown.
Read More... (external link)

Condo project sales lagging
By FRANK GLUCK, Herald Tribune. Dated 12/18/2006

BRADENTON -- Not many developments here can boast the views of the massive SevenShores condominium project planned for land straddled by Anna Maria Sound and Perico Bayou.
Read More... (external link)

Shops, lofts planned in Edwardsville
By Terry Hillig. Dated 12/11/2006

EDWARDSVILLE — A planned $8.6 million development with shops and upscale loft apartments is expected to inject new life into what has been a relatively listless corner of the downtown business district for several years.
Read More... (external link)

Reports of Condo Market's Demise Greatly Exaggerated
By MICHAEL STOLER. Dated 10/12/2006

This columnist and many real estate leaders disagree with the news that the condominium marketplace is falling apart and that every condominium development is set to tank. To the naysayers: Let them speak to savvy, experienced, and talented real estate developers who are bullish and will continue to develop residential condominiums.
Read More... (external link)

Builders' confidence in condo market takes a dip
Real Estate Weekly. Dated 08/30/2006

Builder confidence in the condominium housing market weakened significantly in the second quarter of 2006, as sales continued to retreat from the record-high levels seen last year, according to results from the National Association of Home Builders Multifamily Condo Market Index (MCMI) released recently.
Read More... (external link)

Investors Struggle With Aftermath Of Condo-Investing Fever
By Amy Hoak, From MarketWatch. Dated 10/13/2006

People camped out for the chance to buy a unit in Radius, a condominium development in Hollywood, Fla. The building's 285 units sold out in just over 10 hours -- half a year before construction was even set to start.
Read More... (external link)

Condos would cater to artists
By TOM DAYKIN. Dated 12/14/2006

A former tannery in Milwaukee's Bay View neighborhood has been sold to a Mequon firm that will convert much of the complex into a $20 million housing development, targeting artists and other "creative class" home buyers. 78544Tannery Conversion
Read More... (external link)

New York Developer, Backer Scale Down Projects in Miami
By Christine Haughney and Michael Corkery. Dated 06/16/2006

In a sign some global investors may be souring on the U.S. housing market, a New York-based luxury condominium developer and his Israeli financial backer are trimming back in Miami. The U.S. partner plans to expand in India and elsewhere overseas.
Read More... (external link)

Vegas Developers Draw Wild Card: Spiraling Costs
By Peter Sanders and Christina Binkley. Dated 12/14/2006

Casino giant Harrah's Entertainment Inc. has spent nearly $1 billion over the past year buying up land on and around the Las Vegas Strip for an ambitious redevelopment of the gambling mecca's tourist corridor. But the company hasn't revealed exactly what it plans to do with the 350 acres it has amassed.
Read More... (external link)

Thomas Enterprises Developing 64-Acre Mixed-Use Property
By Kelly Sheehan, Online News Editor. Dated 12/14/2006

DECEMBER 12, 2006 -- Alpharetta, Ga. -- Thomas Enterprises, a development firm headquartered in Newnan, Ga., is building Prospect Park, a 64-acre, mixed-use development in Alpharetta, Ga., a suburb of Atlanta. The community is slated for completion in the spring of 2008.
Read More... (external link)

Phoenix Realty Group Announces Investment in Harlem Apartments, Condos
By Kelly Sheehan, Online News Editor. Dated 12/14/2006

DECEMBER 07, 2006 -- New York -- Uptown Partners LLC, a New York-based development firm, and Artimus Construction Inc., a development company also based in New York, has broken ground on Fifth on the Park, a 30-story, mixed-use building that will occupy a full block on Fifth Avenue between 119th and 120th streets in the Harlem section of Manhattan. The project is slated for completion in the fall of 2008.
Read More... (external link)