Sentences with phrase «condo conversions»

Urban areas close to public transportation, shopping, and entertainment have high potential for price appreciation, and neighborhoods with successful condo conversions are prime candidates for future apartment rental shortages.

While condo conversions benefit multifamily owners by shrinking the supply of apartments, condo buyers are typically renters, so conversions won't necessarily lead to a jump in occupancy rates.

At the same time, a rush by owners into condo conversions is taking inventory off the market.

No firm has overseen more successful condo conversion sales.

Luxury condo conversion of drug rehab center in NYC's Upper West Side priced for $ 61 million sellout

Joe Moore (49th) agreed that more needs to be done to counteract the negative effects of condo conversions in his ward, but he added that such development also has stimulated the local economy.

That kind of price discount has made San Diego ground zero for condo conversions in California.

Tom K. Wilson is a 5 decade real estate investing veteran who has bought and sold over 4,000 units and over $ 450M of real estate in 6 states, including three condo conversion projects, 17 syndications, 8 multifamily, 13 commercial, and over 600 residential properties.

«You have a very strong condo conversion market and a strong desirability from a lifestyle perspective to be in downtown,» says Smith.

Previously, Witkoff had engaged in condo conversions at 150 Charles Street, which was met with protest by West Village residents who claimed that Witkoff had violated zoning rules during the conversions.

After working in commercial real estate doing condo conversions for many years, Jillian started a firm that specializes in securities transactional legal matters such as Private Placement Memorandums, SEC compliance, Regulation A filings, Direct Public Offerings, and Intrastate Offerings.

They couldn't hold the buildings as rentals because they had overpaid based on condo conversions.

And Compass, which was tapped to sell CL Investment's $ 300.2 million luxury condo conversion at 287 Park Avenue South, lost out when the developers shelved the plans in November.

«There's hardly any major or quasi-major market where condo conversions — even downtown loft - type of conversions — haven't caught on,» says Arthur Nevid, managing director of investment and lending for Charlotte, N.C. - based Mountain Funding.

The company established itself as the largest condo conversion company, and has a strong presence in markets such as Florida, Las Vegas and Chicago.

Rainbow Lofts: A 21 - unit condo conversion took the Rainbow Auto Garage and expanded it into a luxury condominium building.

A 21 - unit condo conversion took the Rainbow Auto Garage and expanded it into a luxury condominium building.

With condo conversions carving up the few we have, the number that exists continue to shrink.

Although condo conversions signal buyers» confidence in their neighborhoods, the report's authors argue there are not enough safeguards to keep developers from displacing the city's working poor.

«Obviously, there are condo conversions occurring because people want to move to Rogers Park, and that is a good thing.

UPDATED, 5:47 p.m., March 28: New details are emerging on the shady agreement that led to the $ 116 million purchase and planned condo conversion of Rivington House — a former nonprofit AIDS - care facility — by Slate Property Group, Adam American Real Estate Group and China Vanke.

In addition to these proposed updates to the current Condominium Act, the new amendments will also enable unit owners of condo conversion access to Tarion's new home warranty program for eligible limited coverage.

Case in point: Last year bridge and mezz loan provider Mountain Funding of Charlotte, N.C., took over four failed condo conversions in Florida from Boca Raton - based Bay Communities Real Estate.

We are wrapping up a 3 - family condo conversion in Dorchester, MA (near JFK / UMass) and will be hosting an open house on Saturday, December 13 for anyone local who wants to see our work, network, etc..

Chicago: Partially completed condo conversions are selling off to experienced apartment landlords, but «you have to sift through the unrealistic bottom feeders to find the legitimate buyers.»

WE»LL NEED THE MULTIFAMILY MARKET TO WEAKEN FIRST SO APT SELLERS ARE INCENTED TO SELL TO CONDO CONVERSION INVESTORS BECAUSE THERE»S NO ONE ELSE TO SELL TO.

Take the case of a recent condo conversion in South Beach.

I sold them that unit for $ 350k, and later this year I will be finalzing condo conversion on that property and their condo unit will be worth $ 650k, so it turned out a sweet deal, and now my dad plans to give it to my sisters, so they have some security in their lives.

Also suitable for high end condo conversion.

- Older and / or neglected single family homes - Multifamily condo conversions - Empty buildable lots - Condos in disrepair

Since then he has bought and sold over $ 100M of real estate, including 7 apartment buildings, 3 condo conversion projects, 3 syndications, 1700 total units and has flipped over 260 houses.

The effect has been a diminishing pool of quality rental housing in the area, particularly for larger families needing the more spacious apartments often targeted for condo conversions, said John Fitzgerald, executive director of the Howard Area Community Center in Rogers Park.

He also participated (and still selectively to date) in doing condo conversions (multi family homes to condos) and «raise the roof» projects (converting single family ranches to colonials in growth neighborhoods).

In April, Corcoran replaced Elliman at Magnum's 100 Barclay, the $ 915 million condo conversion of the Verizon Building.

A two - bedroom condo conversion could cost you around $ 169,000 in the area, and fully renovated colonial homes range from approximately $ 100,000 to $ 400,000.

With less than 6 month's supply, we are technically no longer in a «buyer's market» and certainly in the under $ 100k condo bracket, we've been in a strong seller's market for nearly a year now, particularly in areas like Orlando's MetroWest where condo conversions are increasingly tough units to acquire with a dozen contracts for every foreclosure.

Alternately, if the condo market is thriving in the area, capture the condominium resale value of the property by converting it to condos or by selling it to another investor or condo conversion company.

At the time of condo conversion in the early «70s, the rehabbed units sold at prices ranging from $ 40,000 to more than $ 50,000.

In January, Madison Equities, Building and Land Technology and Thor Equities removed Town from 212 Fifth Avenue, a $ 523 million condo conversion in Midtown South.

Magnum shopped the site for $ 73 million and then $ 80 million in 2015, but ultimately plowed ahead with a condo conversion.

Harry Macklowe is including three stories of retail in his condo conversion at One Wall Street and nearly 30,000 square feet of retail at his ground - up condo skyscraper at 432 Park Avenue.

The new ownership is planning a $ 290 million condo conversion, featuring 145 units, in collaboration with a Morgan Stanley real estate fund.

An abandoned $ 300 million condo conversion, 19 New Developments Along The Second Avenue subway line, and 12 billionaires who could buy all of Manhattan...

With a vast real estate empire and a billion - dollar art collection to divide, one of the more salacious details to emerge from their split was that Harry's then - girlfriend (and now fiancée) was living at 737 Park Avenue — his condo conversion several years in the making that's only now -LSB-...]... [more]

Slate Property Group, which is spearheading the condo conversion, filed applications with the DOB on Feb. 9 to convert the site into condos.

«It does not allow [the owners] to make any alterations and the stop work order for the condo conversion project remains in effect,» he said.