Archive for September, 2007

Boca council allows extension for Eden condo project

Representatives of the Eden condo-conversion project, across from City Hall, have 24 more months to decide whether to proceed with the original plans for a luxury condominium or turn it into an assisted-living facility.
City officials today granted Boca LLC the last extension to the project’s building permits, which will now expire September 2009. Work on [...]

Saturday, September 22nd, 2007 In Condo, Real Estate Tags: , ,

The 10th Annual Green Building Expo

The 10th Annual Green Building Expo is scheduled for October 5th and 6th, 2007 at the Scottsdale Center for the Performing Arts. With more than 6, 000 people expected to attend, this year’s Expo is shaping up to be an exciting two days filled with a wide array of activities for all ages.
Green builders and [...]

Saturday, September 22nd, 2007 In Real Estate Tags: , , ,

Las Vegas Hotel Unions Reach Tentative Pact With Stratosphere

Unions representing about 1,200 workers at the Stratosphere hotel-casino reached a tentative labor contract with management over the weekend and plan to hold a vote on the deal Saturday.
The agreement involving Culinary Workers Union Local 226 and Bartenders Union Local 165 is the latest in a series of contract agreements reached with Las Vegas Strip [...]

Tuesday, September 11th, 2007 In Hotel Tags: , , , , , , , , , , , , ,

French hotel group Accor completes sale of US chain

The French hotel group Accor said Monday it had completed the sale of its US hotel chain Red Roof Inn to an investment consortium for 1.313 billion dollars (954 million euros).
Red Roof, which comprises 341 hotels, was acquired by Global Special Situations Group and the Westbridge fund.
Accor said in a statement it now planned [...]

Tuesday, September 11th, 2007 In Hotel Tags: , , , , , ,

Seattle may allow taller condo buildings

The city of Seattle may allow taller apartment and condo buildings near downtown — up to 125 feet — if developers make some units available for middle income residents.
Those would be people who earn too much to qualify for subsidized housing but not enough to be able to afford market rates. Deputy Mayor Tim Ceis [...]

Tuesday, September 11th, 2007 In Condo, Real Estate Tags: ,

Industrial condos offer alternative to leasing for small businesses

It’s a commercial building, but it looks like a condominium.
Actually, the two units under construction on Janesville’s north side are industrial condos, and they’re ideal for the small business owner or hobbyists who want to own a building, one of the developers said.
Bill Mears of Coldwell Banker Commercial McGuire Mears & Associates in Janesville [...]

Tuesday, September 11th, 2007 In Condo, Real Estate Tags: , , , ,

Apartment sector ‘out of sync’

Apartment rents need to jump sharply or sales prices must plummet further before the market reaches a balance, says Dick Ayres, convener of the Auckland CBD Apartment Investment Group.
He said rents needed to rise before savvy investors could justify some of the prices being demanded by vendors.
Ayres was responding to an article in yesterday’s Business [...]

Tuesday, September 11th, 2007 In Apartments, Real Estate Tags: , , , , , , ,