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Monthly ArchiveFebruary 2018

$2M will buy wide views of Lake Geneva from a Cape Cod-style home: Open House

An 11-room, Cape Cod-style estate with wide views of Lake Geneva is on the market for $2.17 million, just the thing for people looking for luxury lake living.

The two-story, lakefront home also features a private pier and 76 feet of lakeshore real estate if you want to get out on the water. The pier area includes a canopy and a swim deck.

Built in 1944 and encompassing 3,504 square feet, the home underwent renovation in 2009. It includes five bedrooms, four bathrooms, a loft, patio and three…

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Mass. home prices rise higher as Hill mulls housing bill

As Beacon Hill grapples with the intricacies of legislation to boost housing production, affordability appears to be drifting further out of reach for many as rising home and condo prices in Massachusetts set up for what could be another banner year.

The median sale price for a single-family home was $350,000 last month and the median condo sale price was $345,000, both record highs for January, the Warren Group reported. The increases are “a good indicator that 2018 could be another record-setting…

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Nextdoor forms partnership with residential brokerage

“Real estate has been a part of the conversation from the very beginning.”

Source: http://feeds.bizjournals.com/industry_21

Panelist: Pittsburgh's apartment building boom is missing more than just the poor

Bisnow panel delves into the challenges of serving up more than just luxury apartments in Pittsburgh’s multifamily building boom

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'Casual and modern' waterfront home in Sarasota hits the market at $15 million (Photos)

A waterfront home on Siesta Key that wrapped up construction just two years ago is listed for sale — fully furnished — at $15 million.

The house, at 3799 Flamingo Ave., totals 18,706 square feet, with 8,138 square feet of indoor living space. It features modern architecture and a neutral palette. The list price breaks down to $1,843 per square foot.

Joel Schemmel of the Schemmel Property Group with Premier Sotheby’s International Realty is the listing agent on the home, which hit the market…

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HUD spends $31K in taxpayer money on dining room furniture for Ben Carson

The HUD Headquarters at the Robert C. Weaver Federal Building in Washington, D.C. and Ben Carson

Ben Carson, self-proclaimed cost cutter at the helm of the Department of Housing and Urban Development, spent $31,000 in taxpayer money on a new dining room set for his office. And he doesn’t plan to return it.

The department did not ask for approval from Congressional appropriations committee, which is required for any office redecoration costing more than $5,000. The justification, according to a HUD spokesperson: the table, which sits inside Carson’s office, serves a “building-wide need.” The table was bought from a company in Carson’s hometown, Baltimore, the New York Times reported.

An agency spokesperson said Carson wasn’t aware of the purchase but does not plan to return it, according to the Times.

Last year HUD official Helen Foster filed a complaint alleging she was demoted after she resisted Carson’s wife Candy Carson’s requests to sidestep the $5,000 law. According to Foster, HUD interim Craig Clemmensen asked her on Candy’s behalf to “find money” to pay for the decoration in January 2017. Foster refused, and was later demoted from chief administrative officer to a new role overseeing the agency’s Freedom of Information Act requests, she said.

The HUD spokesperson claimed Foster was reassigned as part of a routine reorganization of the agency. “Secretary Carson, to the best of our knowledge, is the only secretary to go to the subbasement at his agency to select the furniture for his office,” the spokesperson said.

Meanwhile Carson is also under pressure for bringing his son, whose company does business with the federal government, along on an official tour of Baltimore year. The agency’s inspector general is looking into the trip, and whether it created conflicts of interest.

Earlier this month the White House proposed slashing HUD’s budget by $8.8 billion, or 18 percent. Carson, a retired neurosurgeon, has warned against making publuc housing “too comfortable” for residents. [NYT]Konrad Putzier

Source: http://feeds.feedburner.com/trdmiami

Ray Lewis' estate in Reisterstown is back on the market at a deep discount

Ray Lewis’ estate in Reisterstown is back on the market — for 36 percent less than the original asking price last year.

The future NFL Hall of Famer, set to be inducted into the Canton, Ohio professional football shrine this summer, is now asking $1,888,520 for the 28-acre, 6,600-square-foot home on rural Tufton Avenue in the Worthington Valley.

State records show Lewis, 42, purchased the estate for $1.95 million in 2003. It was built in 1981.

The estate was originally listed for $2.95 million…

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Here are the roadblocks that are facing David Beckham’s MLS stadium

David Beckham and rendering the proposed soccer stadium in Miami (Credit: Miami Beckham United)

Bruce Matheson’s fight against David Beckham’s Major League Soccer stadium will go on, new court records show.

Attorneys for Matheson, a wealthy activist and landowner, are alleging that Miami-Dade County gave Beckham and his partners “a secret discount from the taxpayers” when it gave them a no-bid, $9 million deal for 3 acres of county-owned land. Matheson is suing the county to block the proposed 25,000-seat stadium in Overtown, and is now appealing a judge’s ruling from October that threw out his lawsuit.

The county based the 2017 price on two appraisals from late 2015, the Miami Herald reported. The $9 million comes out to about $74 per square foot. A year later, land was selling for $142 per square foot. Commissioners approved the deal in 2017, requiring that Beckham and his partners spend at least $175 million on construction of the stadium.

Beckham, partners Marcelo Claure, Jorge and Jose Mas, and Simon Fuller launched the franchise in January, but the group still has a number of challenges to overcome if it does decide to build the stadium in Overtown. Their assemblage includes 6 acres purchased for $19 million in 2016.

In addition to opposition from Matheson, Beckham’s group still needs to close on the county owned land. It also needs to secure land-use changes, rezonings and the contentious permanent closure of Northwest Seventh Street, the Miami Herald reported.

Residents from the nearby Spring Garden neighborhood have vowed to fight it “at every step.” Even the Mas brothers, Beckham’s first local partners, have reservations about the Overtown site, according to the Herald. [Miami Herald] – Katherine Kallergis

Source: http://feeds.feedburner.com/trdmiami

Photos: Baytown estate up for sale again on smaller property, listed at $2.7M

A Baytown estate is up for sale again — but on a much smaller plot of land.

Two houses — totaling over 12,300 square feet — sit on 2.5 acres at 6711 Sjolander Road, according to the property’s profile on the Houston Association of Realtors’ website. The estate is listed for $2.65 million by agents Erwin Nicholas of Mr. Real Estate and Eric Bowden of Bowden Realty. 

Click through the gallery above to see photos of the Baytown mansion, located south of Interstate 10 East. 

The home at…

Source: http://feeds.bizjournals.com/industry_21

Chicago developer plans 224-unit apartment complex near Kenosha's Southport Plaza

The apartments would offer a mix of studio, one, two and three-bedroom units.

Source: http://feeds.bizjournals.com/industry_21

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