A new condo would cost close to $1 million, which is pretty rare …

Good evening from the BDN Portland office on Congress Street. Let’s do this.

What we’re talking about

A million-dollar view, more or less, is among the offerings of a new condominium complex planned for Portland’s East End.

The developer of a building proposed for 180 Washington Ave. is hoping to sell the top-floor condominium for at least $949,000. But despite Portland’s surging housing market, condos that have sold for close to $1 million have been relatively rare.

A rendering of the condo proposed for 180 Washington Ave. (Courtesy of Maine Modern Development and David Harmon Architecture)

A rendering of the condo proposed for 180 Washington Ave. (Courtesy of Maine Modern Development and David Harmon Architecture)

Only six Portland condos have sold for $900,000 or more in the last five years, according to state real estate records. There are another four condos on the market at

... read more at: https://portland.bangordailynews.com/2016/08/18/news/a-new-condo-would-cost-close-to-1-million-which-is-pretty-rare/

The big high-rise freeze

The regional government appears to be backtracking on a high-rise construction halt following a backlash from developers, but the long-term consequences of its controversial decision for the property sector and urban planning remain unclear.

By HTUN KHAING | FRONTIER

TAXI DRIVER Ko Kyaw Zin Htut was disappointed. At a time when he was struggling to cover his running costs because of the grinding traffic, he’d lost a regular source of income: a group of passengers who hired his car every day.

The customers were construction workers, who pooled to rent the taxi from North Okkalapa to downtown, paying K4200. But now they have no work to go to.

The reduction in Kyaw Zin Htut’s income is one of the many consequences of the Yangon Region government’s order to suspend more than 200 high-rise construction projects across the city, pending a review.

Kyaw Zin Htut is far from the only one upset at the regional government’s

... read more at: http://frontiermyanmar.net/en/the-big-high-rise-freeze

Portland launches campaign to clean up West Bayside

The challenges confronting the West Bayside neighborhood in Portland are difficult to miss.

Sandwiched between a bustling downtown and a former industrial zone, it’s the only place where downtrodden people can go to access a cluster of social services within a few blocks, whether it’s a meal, emergency shelter, welfare or help with employment. Many of the people using these services are struggling with mental illness, addiction or both, and the neighborhood bears the scars of a lack of treatment options.

Men and women, young and old, openly drink beer and do drugs, day and night. People urinate in doorways and throw empty beer cans on the sidewalks and in the alleyways. That reality is underscored by “No Trespassing” signs on front stoops and, in some cases, razor wire atop back-alley fences.

On a recent Wednesday afternoon, a pair of used rubber gloves lay on the ground near a pile of litter not

... read more at: http://www.pressherald.com/2016/08/08/city-campaign-aims-to-tame-unruly-culture-in-west-bayside/

Could downtown Fort Myers be an arts mecca? – The News

Is he mad?

For the past nine months, Jack Luft has been plotting a transformation of downtown Fort Myers that will blow people’s minds.

Working from an aerie above United Ale House, the man-about-downtown Fort Myers has plotted a vision of the pleasing but sleepy city center as a hub for artists and art patrons humming 24-7.

If you’re on mobile, click here for the interactive.

Step number one: Take key, mostly city-owned parcels between the Edison and Caloosahatchee bridges and turn them into:

•    a 1,400-seat symphony/opera house
•    a 500-seat repertory theater
•    a 4,000-square-foot black box theater
•    a 30,000+-square-foot expansion space for the Sidney Berne Davis Art Center
•    a 30,000-square foot museum of fine arts
•    a 3,000+-seat amphitheater for open air concerts
•    a college for the performing and visual arts
•    an institute for film and digital arts
•    commercial art galleries
•    live/work

... read more at: http://www.news-press.com/story/news/2016/08/11/could-downtown-fort-myers-arts-mecca/87737552/

Developers: CO condo defect law crippling construction of new for …


Dive Brief:

  • Colorado’s construction defect laws are constraining Denver condo development and potentially decreasing the availability of affordable entry-level homebuyer options, according to The Wall Street Journal.
  • The current law allows homeowners and condo boards to sue builders without first requiring arbitration. The law also has reportedly has driven up the cost of builder insurance, as it requires insurers to cover a wide range of defects.
  • According to a city of Denver market study, the risk of litigation for condo construction defects adds $15,000 to the building costs of each unit.

Dive Insight:

Denver’s hot housing market, as in many other cities, has resulted in a lack of affordable housing, and condos often provide a lower-cost entry into the real estate market for lower-income and first-time buyers. Critics of the Colorado defects law maintain that development of for-sale condos, which has declined in Denver by 53% over the last five years, will prevent more renters from becoming

... read more at: http://www.constructiondive.com/news/developers-co-condo-defect-law-crippling-construction-of-new-for-sale-unit/424194/

Developers: CO condo defect law crippling construction of new for-sale units


Dive Brief:

  • Colorado’s construction defect laws are constraining Denver condo development and potentially decreasing the availability of affordable entry-level homebuyer options, according to The Wall Street Journal.
  • The current law allows homeowners and condo boards to sue builders without first requiring arbitration. The law also has reportedly has driven up the cost of builder insurance, as it requires insurers to cover a wide range of defects.
  • According to a city of Denver market study, the risk of litigation for condo construction defects adds $15,000 to the building costs of each unit.

Dive Insight:

Denver’s hot housing market, as in many other cities, has resulted in a lack of affordable housing, and condos often provide a lower-cost entry into the real estate market for lower-income and first-time buyers. Critics of the Colorado defects law maintain that development of for-sale condos, which has declined in Denver by 53% over the last five years, will prevent more renters from becoming

... read more at: http://www.constructiondive.com/news/developers-co-condo-defect-law-crippling-construction-of-new-for-sale-unit/424194/

Questions to Ask When Buying a Condo


condo-for-sale

fotog/Getty Images

Buying a condo can eliminate a slew of the stresses that come with homeownership. The units usually cost less than a traditional home, and the shared maintenance will see you kicking back while someone else tends the landscaping. Typical amenities like a pool or tennis court aren’t too shabby, either.

Please, Mr. Postman

Send me news, tips, and promos from realtor.com® and Move.

But buying a condo differs from buying a regular home in one major way: You have to live with a condo board that regulates many aspects of your everyday life. And the wrong one could send those once-low stress levels through the roof.

“One of the biggest considerations when purchasing a

... read more at: http://www.realtor.com/advice/buy/questions-to-ask-when-buying-a-condo/

Maine congressman, fiscal hawk, was often late with taxes

FILE – In this Oct. 31, 2015 file photo, Rep. Bruce Poliquin, R-Maine, attends the christening ceremony for the USS Raphael Peralta in Bath, Maine. Poliquin, who’s made fiscal responsibility a hallmark of his campaigns, has been late on paying property taxes for his personal properties and his real estate company numerous times. (AP Photo/Robert F. Bukaty, File)

... read more at: http://www.pantagraph.com/news/national/govt-and-politics/maine-congressman-fiscal-hawk-was-often-late-with-taxes/article_5122871a-7bb0-577f-bae6-9bdca2ddacda.html

Condo sale record in Mpls. highlights action for luxury properties …

A downtown Minneapolis condo with glittering river views and its own manicured lawn fetched a record $6.3 million in a recent sale, shattering a previous high.

The unit, which occupies the entire top floor of a historic building in the Mill District along the Mississippi River, sold for an unprecedented $1,442 per square foot, or $250 per square foot more than the previous record and more than 10 times the metro average.

There were multiple bids on the unit, which like a growing number of luxury properties, was never publicly listed for sale.

Though a market outlier, the sale is just one of several notable deals in the area recently, reflecting deep demand for trophy properties in a hypercompetitive market. The frenzy contrasts with demand for expensive homes in the Twin Cities, which are not selling as fast as homes near the market median and less.

“The luxury market

... read more at: http://www.startribune.com/condo-sale-record-in-minneapolis-highlights-the-action-for-luxury-properties/389433991/