Plans for affordable homes in Blackwell on hold; RRHA-owned land still in limbo | Richmond Local News

In June 2019, the board authorized the sale of 55 vacant parcels: 34 to Southside Community Development and Housing Corporation and 21 to the Land Trust. The vote followed a solicitation, which drew two proposals the previous fall.

Under the plans, 50 of the lots would become homes reserved for people earning 80% of the area median income: $57,200.00 for a family of two or $71,500.00 for a family of four. The other five lots would be developed and sold at market rate.

The properties dot a now-gentrifying neighborhood where a 440-unit public housing complex once stood. RRHA received a $26.9 million federal grant in 1997 through the HOPE VI program to demolish the complex and transform the area.

In the two decades since, the housing authority and developers it worked with built 325 income-restricted apartments and single-family homes, including 90 in the neighborhood, with the grant funds.

During that

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L.L.Bean puts ‘hold’ on plans for large Freeport mixed-use development

L.L.Bean Inc. won’t, at least for now, sell land that was to be the site of a mixed-use development that would include 529 residential units, to be built over the next decade.

Growing controversy over the proposal by KV Enterprises to build the development on land it would buy from Bean prompted the company to put a “hold” on the project until “a clear and comprehensive plan” for the best use of the land can be agreed to by the town and its residents, Stephen Smith, Bean president and CEO, said Sunday.

A rezoning request for the proposal, which includes a mix of single-family homes, duplexes and apartments, as well as commercial lots, first went before the planning board in October. But the plan drew fire at a Nov. 4 public hearing, when residents protested outside and sent letters saying the project was too big.

Portland-based KV Enterprises, owned by

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Sale of SF’s 555 California, part-owned by Trump, put on hold

Efforts to sell the famed 555 California St. in San Francisco have been put on hold amid an uncertain market, a move that could at least temporarily hurt the finances of the cash-strapped Trump family, which owns 30% of the property, according to the Wall Street Journal.

Vornado Realty Trust, which owns 70% of 555 California St., the former Bank of America headquarters, has decided to suspend efforts to unload both the tower and 1290 Avenue of the Americas building in Manhattan, the Journal reported. The sales of the two buildings were expected to

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Sale of SF’s Bank of America building, part-owned by Trump, put on hold

Efforts to sell the famed Bank of America Building at 555 California St. in San Francisco have been put on hold amid an uncertain market, a move than could at least temporarily hurt the finances of the cash-strapped Trump family, which owns 30% of the property, according the Wall Street Journal.

Vornado Realty Trust, which owns 70% of 555 California St., has decided to suspend efforts to unload both the California Street tower and 1290 Avenue of the Americas building in Manhattan, the Journal reported. The sales of the two buildings were expected to fetch as much as $5 billion, about $1.5 billion of which would have gone to the Trump family.

In a statement Doug Harmon, a Cushman & Wakefield chairman who was handling the New York sale for Vornado, said the company now plans to refinance its loans on the buildings and would look at putting them up

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Finder co-founder Fred Schebesta offers jobs to Sydney Grammar students who ‘married’ to hold party

Millionaire tycoon offers two mates a job after they ‘married’ each other so they could throw a big party with 150 guests – and says they can rave at his home

  • Finder website co-founder Fred Schebesta is worth an estimated $193million
  • Like mates who ‘married’ to throw big party, he also went to Sydney Grammar 
  • He is offering them jobs and also the use of his beach penthouse for a big party 
  • Mr Schebesta said elite private schools taught students how to be conformists 
  • But he also said grammar schools drummed in the importance of managing risk 

One of Australia’s richest entrepreneurs is offering jobs and the use of his $4million beach penthouse to two mates who ‘married’ so they could throw a big party.

The teenagers from

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Trump International Hotel Washington DC sale put on indefinite hold

  • The Trump Organization’s efforts to sell the Trump International Hotel Washington DC have been put on indefinite hold, casting doubts on the future of one of the President’s biggest financial bets, according to industry executives.
  • The Trump Organization hired Jones Lang LaSalle to shop the hotel to potential buyers last fall hoping for a price of about $500 million.
  • People familiar with the deal talks said none of the bids came close to the asking price, and several were for less than $250 million.



a large clock mounted to the side of a building: The Trump International Hotel in Washington, D.C.


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The Trump International Hotel in Washington, D.C.

The Trump Organization’s efforts to sell the Trump International Hotel Washington DC have been put on indefinite hold, casting doubts on the future of one of the President’s biggest financial bets, according to industry executives.

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The Trump Organization hired Jones Lang LaSalle to shop the hotel to potential buyers last fall hoping for

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Real Estate: Trade down, hold on or cash out

Sabrina Belleci, Special to the Tribune
Provided

INCLINE VILLAGE, Nev. — It’s that time of year when property owners in Incline Village and Crystal Bay start to think about whether they want to continue using their place at Lake Tahoe or explore other options.

With our local real estate market in a steady uptrend it’s an excellent time to contemplate whether to trade up, trade down, hold on or cash out.

Owners of single-family homes that have appreciated by 10% or more in the past few months who have been thinking about downsizing into a condominium could find themselves enjoying the best of both worlds. This is especially true if you have a property with a lake view or a house in the Millcreek, Lakeview or Championship Golf Course neighborhoods.

With a relatively small supply and very good demand for these types of places you can likely sell your property

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Mets sale: What offseason may hold for New York under new owner Steve Cohen

The Wilpon era is officially over for the New York Mets. The sale to new owner Steve Cohen officially closed Friday and baseball has a new wealthiest owner. Cohen, a lifelong Mets fan who’d been a minority owner in the team for years, has a reported net worth north of $14 billion. Nationals owner Mark Lerner had been the game’s previous wealthiest owner at $5 billion or so.

Cohen did not wait long to clean house. A few hours after the sale closed general manager Brodie Van Wagenen, special assistant Omar Minaya, assistant general managers Allard Baird and Adam Guttridge, and director of player development Jared Banner were all let go as Cohen and team president Sandy Alderson settled the “family business,” Corleone-style.

“I want to thank Brodie, Allard, Adam and Jared for their contributions over the last two years,” Alderson said in a statement. “I especially want to

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Midland homes prices hold their own across the state

The Midland County housing market dominated other West Texas markets and held its own with some of the more populated counties in the state.

The median price for a home sold in Midland County during the month of September was $305,000. That was nearly $70,000 more than the closest West Texas county (Ector). It also was more than Harris, Bexar, Dallas, Tarrant and El Paso counties.

Midland report in September

Homes sold: 226

Dollar volume: $80.720 million

Average sales price: $355,177

Median sales price: $305,000

Homes on market: 856

Inventory: 4.0 months

Median price for a home sold in September

West Texas

Midland $305,000

Ector $237,215

Tom Green $220,000

Randall $217,500

Taylor $205,000

Lubbock $198,878

Across the state

Travis $420,000

Collin $364,220

Midland $305,000

Dallas $285,500

Tarrant $265,000

Harris $252,000

Bexar $244,000

El Paso $182,950

Months of inventory

West Texas

Tom Green 1.4

Randall 1.7

Lubbock 1.7

Taylor 2.3

Midland

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Mets sale: What the offseason may hold for New York under new owner Steve Cohen

The Wilpon era is officially over for the New York Mets. The sale to new owner Steve Cohen officially closed Friday and baseball has a new wealthiest owner. Cohen, a lifelong Mets fan who’d been a minority owner in the team for years, has a reported net worth north of $14 billion. Nationals owner Mark Lerner had been the game’s previous wealthiest owner at $5 billion or so.

Cohen did not wait long to clean house. A few hours after the sale closed general manager Brodie Van Wagenen, special assistant Omar Minaya, assistant general managers Allard Baird and Adam Guttridge, and director of player development Jared Banner were all let go as Cohen and team president Sandy Alderson settled the “family business,” Corleone-style.

“I want to thank Brodie, Allard, Adam and Jared for their contributions over the last two years,” Alderson said in a statement. “I especially want to

Read More