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Nightmare at Pond View Village
GLOUCESTER, MASS. - Bob Gillis has learned the hard way about the risks of building and selling highend condominiums. “It’s a tough business, and you have to have the nerves for it,” he said.
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International Buyers Desert Condo Markets
Think things couldn’t get worse for condominium developers? Think again.
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Just Beach-y
Long considered a sleepy beach town, Galveston is now wide awake.
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Nationwide
Chicago—AvalonBay Communities has acquired a 3.5-acre site here for a new 1,000-unit apartment community, Avalon on South Clark. The development cost is approximately $280 million.
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High Rents Rescue Condos
Philadelphia—In April, after being on the market for a full year, only 50 of the 128 condominiums at Venice Lofts had buyers who had signed sales agreements, and the pace of sales had slowed to a crawl.
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Banks Get Tough with Condo Projects
Condominium developers are starving for construction financing as commercial banks focus on rental projects.
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REGIONAL MARKETS: NATIONWIDE
Chicago—Kaplan Development Group, a Woodbury, N.Y.-based seniors housing operator and developer, and Harrison Street Real Estate Capital, a Chicago-based private equity firm, have formed a new venture focused on the acquisition and development of seniors housing properties in the Northeast and...
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The Middle-Market Strategy
Paterson, N.J.—While other condo developments languish around it, the Condominiums at Cooke Mills are still selling well, thanks to relatively low prices.
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The Middle-Market Strategy
Paterson, N.J.—While other condo developments languish around it, the Condominiums at Cooke Mills are still selling well, thanks to relatively low prices.
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Wraparound Condos Highlight Collaboration
MINNEAPOLIS - On a small site along 10th Avenue in Minneapolis, adjacent to one of the largest redevelopment efforts in the city’s history, sits the Midtown Exchange Condos on the Greenway.