Exclusive: Now for sale, Reynoldstown steel mill on Beltline called ‘trophy opportunity’
I really wish people would stop it with this beachfront thing. I know it does in fact reflect a certain reality, but this is supposed to be a critical piece of infrastructure for non-vehicular mobility. It can’t effectively be both Cony Island and 42nd Street, not as long it’s only 14 feet wide!
Detroit moves forward with plans to get historic Fort Wayne redeveloped
Sounds good, so long as the public realm is enhanced and not privatized. Private uses for non-profits and other organizations can work so long as they do not infringe on Fort Wayne’s status as a public space and important heritage site.
Exclusive: Now for sale, Reynoldstown steel mill on Beltline called ‘trophy opportunity’
I find it funny that alternative transportation is so needed in Atlanta that its considered "beach front property" Our transportation problem is so bad that a bike path has become THE place to build and own. If anything this tells us that we need to greatly expand the beltline/Path trails along with other road side bike lanes.
Hidden Pac Heights Victorian beguiles to the tune of $2.5M
2454 Bush Street is the right/lighter color of the two single-story shingled homes in Street View on Google Maps. There appears to be an entrance under the stairs that presumably leads to a long hallway through to 2545 A (also listed as 2454 ½ on some services). The listing also lists one parking space, which I presume is in the garage under 2454 Bush.
To save potential landmarks, LA wants more notice of demolitions
Just look at the result to see the intention . This makes infill projects more difficult so by making the review twice as long there will be less buildings demolished over all, therefor less new dense housing built. Less supply equals more demand, with more demand the people that already own property see it continue to grow in value. The current property owners that benefit the most are also the ones who vote .
SF’s largest landlord says it’s game to sell rent-controlled apartments to the city [Updated]
How and why did Veritas come to accumulate such a large number of rent controlled property?
Why do they want to dump a big chunk of their holdings?
Theory:
As rent control ordinances become more and more restrictive, landlords both large and small are looking to exit the rental business. Case in point is Jane Kim’s initiative that restricts a landlord’s prerogative as to how many people can live in a unit. For all intents and purposes a Master Tenant can turn a unit into a boarding house leading to conflicts with other tenants and a whole host of other unintended consequences.
We know first-hand of a long time family owned rental business owning various medium scale rental properties in San Francisco. All of them under rent control. Over the last few years managing the properties has devolved from addressing maintenance issues to spending more and more time in court as tenants continuously file nuisance lawsuits over petty items with the goal of reducing their rent or obtaining other concessions – like insisting on the removal of neighboring nuisance tenants.
The latest comment was "This is not a business you want to get into".
Veritas offered a way out by buying these buildings at a price that was attractive enough to the owners considering the units were occupied by tenants under the protection of rent control.
But it seems even Veritas, with its large capital piggy bank, cadre or attorneys and real estate professionals and the ability to hold onto property for long periods of time – can’t take it anymore.
Hence the odd decision to announce the dumping of 76 buildings all at once.
You’d figure they’d sell them off piecemeal so as not to generate a hue and cry.
I guess not matter how much money you have behind you – being the landlord of rent controlled properties in this town is a dead end business.
Maybe the non-profits can do a better job of managing these aging, high maintenance properties while at the same time accumulating massive negative returns on investment.
Good luck with that.
At $1.7M, sprawling new Morningside dwelling aims to evoke Frank Lloyd Wright
Nice looking home overall. I particularly like the butler’s pantry, outdoor fireplace and the wood accent in the master bedroom.
Though I think the only thing going for Morningside to validate the crazy high prices is the proximity to driving to both Midtown and Buckhead. Otherwise, the walkability stinks (for most the neighborhood) and resembles a suburban subdivision magnified in size (huge lots, long driveways, very little neighbor to neighbor interaction).