Why Hasn’t Southwest 3rd Avenue and Oak Street Been Developed Yet?

About Marty Smith

Marty Smith is the brains (or lack thereof) behind Dr. Know and skirts the fine line between “cultural commentator” and “bum” on a daily basis. He may not have lived in Portland his whole life, but he’s lived in Portland your whole life, so don’t get lippy. Send your questions to dr.know@wweek.com.

... read more at: http://www.wweek.com/news/2017/08/02/why-hasnt-southwest-3rd-avenue-and-oak-street-been-developed-yet/

UPDATE: Independent senior facility Camden Hills Villa auction is canceled

CAMDEN — Camden Villa owner Joe Goudreau said Wednesday afternoon, Aug. 9, that his business, the Camden Hills Villa, Inc., an independent senior facility in downtown Camden, would not be auctioned off. Keenan Auction Company, of South Portland, said in an email: “Real Estate Foreclosure Auction 17-157, the 25-Unit Independent Living Facility and Commercial Waterfront Lot, located at 51 Mechanic Street and 4 Knowlton Street, Camden, Maine has been CANCELLED and will not be taking place on 8/16/17.”

“I was able to work something out with the lender,” said Goudreau. “And, it’s business as usual.”

Goudreau said he “worked it out with Camden National Bank” and that he maintains ownership of the deed to the Villa. 

Goudreau also owns the nearby Knox Mill, also on Mechanic Street, and which he has converted to apartments.

“That one is going smoothly,” he said.

“My residents and my employees have been amazing and I thank them for their patience and belief

... read more at: http://www.penbaypilot.com/article/update-independent-senior-facility-camden-hills-villa-auction-canceled/88791?source=mp

Empty nesters, Millennials shelling out to live in new Phoenix-area condos

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Lisa and Gregg Larson talk about their reasons for moving from Scottsdale to Enclave at Borgata, new luxury condos in Paradise Valley.

When plans to turn the Borgata, a once-posh Scottsdale shopping center,

... read more at: http://www.azcentral.com/story/money/real-estate/catherine-reagor/2017/06/02/new-condos-metro-phoenix-drawing-buyers-millennials-empty-nesters/336480001/

Portland’s housing crisis is something that can be turned around

Portland is facing a housing crisis. A 2015 report commissioned by the city and carried out by the Greater Portland Council of Governments indicated that middle-class families are being priced out of the city. This same report says that by 2025, Portland will face at least a 28 percent gap between the demand for and supply of workforce housing: housing that is affordable to someone making the median income for a particular area.

Maine Housing’s 2016 Housing Facts and Affordability Index for Cumberland County lists the median home price for the city of Portland as $262,000. According to housing affordability guidelines, being able to comfortably buy a house in that range requires an annual income of $80,110 – nearly twice the median Portland income of $43,839.

ABOUT THE AUTHOR

Joie Grandbois is a sustainability advocate and a 22-year resident of Portland.

The home price that an individual earning

... read more at: http://www.pressherald.com/2017/07/21/maine-voices-portlands-housing-crisis-is-something-that-can-be-turned-around/

Billionaires’ Row: Can Manhattan be rescued from real estate speculators?

Billionaires Row: Can Manhattan be rescued from real estate speculators?

It’s no secret that Midtown Manhattan, despite being one of the most sought-after places to live in the United States, if not the world, is home to an abundance of vacant apartments.

Last year, Patrick Radden Keefe, staff writer for The New Yorker, cited U.S. Census Bureau statistics showing that one third of the apartments in the corridor bounded by Fifth Ave., Park Ave., 49th St., and 70th St. stand empty for at least 10 months of the year.

The proliferation of luxurious but empty New York City apartments is a symptom of the internationalization of capital and the growth of a super-rich global elite, which The New York Times helped identify in a 2015 investigation into the owners of luxury condominiums at the Time Warner Center at Columbus Circle.

The Times discovered that many of the condominiums’

... read more at: http://www.peoplesworld.org/article/billionaires-row-can-manhattan-be-rescued-from-real-estate-speculators/

Mayor, residents say Bayside proposals don’t do enough to provide affordable housing

Portland residents and at least one elected official say the proposed private development projects for a 4-acre parcel of city-owned land in Bayside fall short of the need for more affordable housing.

Roughly 50 people turned out for a two-hour public hearing Wednesday night and nearly everyone who spoke criticized the city staff for presenting projects to members of the City Council’s Economic Development Committee that could result in retail and office space, light industrial use, commercial buildings, some low income housing, and one-bedroom condominiums priced at $200,000 or less.

For 178 Kennebec St., one of the six parcels open to development, the city staff is recommending a proposal for housing above space for retail shops or artists.For 178 Kennebec St., one of the six parcels open to development, the city staff is recommending a proposal for housing above space for retail shops or artists.

... read more at: http://www.pressherald.com/2017/07/19/mayor-residents-say-bayside-proposals-dont-do-enough-to-provide-affordable-housing/

Seattle home prices rise at more than twice national average, as US tech hubs see biggest gains

Seattle cranes
Seattle has more construction cranes in operation than any city in the country. (GeekWire Photo / Kurt Schlosser)

Seattle home prices continue to shoot upward faster than a luxury condo building in South Lake Union. In May, the region’s single-family home prices increased by 13.3 percent year-over-year, more than double the national average gains of 5.6 percent.

That’s according to the most recent Case-Shiller National Home Price report, which takes the temperature of the nation’s housing market each month.

May was the ninth month in a row in which Seattle experienced the biggest year-over-year increase in home prices. The numbers suggest a correlation between cities with booming tech industries and hot housing markets, which probably comes as no surprise to any Seattle or San Francisco resident.

Portland came after Seattle in the May report, with price gains of 8.9 percent. Denver

... read more at: https://www.geekwire.com/2017/seattle-home-prices-rise-twice-national-average-u-s-tech-hubs-see-biggest-gains/

Case Shiller: Chicago Area Falls To Last Place In Home Price Gains


Case Shiller: Chicago Area Falls To Last Place In Home Price Gains

When US single family home prices hit a sixth consecutive monthly high and the top 20 metro areas register an average 5.7% gain in home prices over the last year while Chicago is still struggling to get back to the housing bubble peak and only registers a 3.3% year over year gain…well….that’s sadder than even last month. According to today’s release of the Case Shiller home price indices for Chicago and 19 other metro areas in May Chicago fell to last place for year over year gains.

That paltry 3.3% year over year gain in the Case Shiller Chicago index is the smallest in 7 months and leaves us in the dust compared to Seattle with a 13.3% gain. Chicago condo prices did a little better

... read more at: http://www.chicagonow.com/getting-real/2017/07/case-shiller-chicago-area-falls-to-last-place-in-home-price-gains/