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Condo Conversions in the News
Last Update: 08/09/2007
 
 

Condo Conversion Ban Unnecessary
980 CJME News Talk Radio - Regina,Sasketchewan,Canada
With that seemingly successful policy in place Bjerke doesn't feel the city needs to put a hold on the one condo conversion in the city that is currently ...
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Condo Conversions Only Part of the Problem
Saskatoonhomepage.ca - Saskatoon,Saskatchewan,Canada
Once that building permit is issued, the landlord can hand out 30 day eviction notices effectively emptying the building in readiness for a condo conversion ...
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Stall condo conversions, suggests Sask. cabinet minister
CBC Saskatchewan - Saskatchewan,Canada
Frank Quennell says it's one way of countering landlords who may be exploiting legal loopholes to speed up conversion plans triggered by the recent spike in ...
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  Remaining units range from $214500 to $530300 at 200 North ...
Chicago Sun-Times - United States
Eighty condominiums were sold at a computerized grand opening event at 200 North Dearborn, a high-rise condo conversion in the Loop. ...
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  Legislature addresses renters' concern
Seattle Post Intelligencer - USA
But despite a failed effort in Olympia this year to update the state's condo-conversion law, many agreed that more should be done to help tenants ...
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  Famed Office Building Undergoes Condo Conversion, Catches Eye of ...
Multi-Housing News - New York,NY,USA
By Matthew Marin, Associate Editor Los Angeles -- The landmark, Eastern Columbia Building, which was originally designed as an office/retail building, ...
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Planners discuss condo conversion
St. Helena Star - St. Helena,CA,USA
7, at Vintage Hall to discuss the proposed condominium conversion of a six-unit apartment complex on Monte Vista. If approved, the six rental units, ...
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First BanCorp Provides Financial Update
CNNMoney.com - USA
The Miami Agency condo conversion loans referenced above are fully secured with real estate. The Corporation performed an impairment analysis as of June 30, ...
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KALIKOW PASSES ON MANHATTAN HOUSE
New York Post - New York,NY,USA
A legal rift between Kalikow and his partner Jeremiah O'Connor over control of the billion-dollar Manhattan House condo conversion prompted a Manhattan ...
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Condo Conversion Brings Together Luxury and Affordable Prices            Back to Top
Multi-Housing News - New York,NY,USA
Vista Condominiums, the first ever high-rise apartment conversion to condo in Wyandotte County, is offering a new perspective on living that is luxurious, ...
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Tenants turfed
Canada.com - Hamilton,Ontario,Canada
City councillors raised the issue of loopholes in the condo conversion process at a July council meeting, citing concerns about the growing number of ...
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Condo Conversion Caveats
Realty Times - TX,USA
Flexibility: The condo conversion developer has flexibility on how much or how little renovating is done. Location, Location, Location: Some apartment ...
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Statewide bankruptcy involves condo
Sarasota Herald-Tribune - Sarasota,FL,USA
Court documents show that Puig got involved in the condo conversion game back in 1994. Since then, he has converted and sold more than 1400 units, ...
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Venture gets loans for 55 E. Monroe condo conversion
Crain's Chicago Business - Chicago,IL,USA
The venture has contracts for 115 of the 161 units in the first phase of the project, which is the conversion of the top seven floors. ...
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Ask Curbed: How Much Do I Get?
Curbed - New York,NY,USA
Last week, we received a question from a reader who's being kicked out of his longtime home to make way for a condo conversion. Good times. ...
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Massive housing demand here
Ballard News Tribune - Seattle,WA,USA
Fox said the city has lost 4700 rentals to conversion since 2005. Since condo laws currently fall under the state Legislature's jurisdiction, city leaders ...
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Developer Ford Gibson builds office condos in a tough market
Miami Herald - Miami,FL,USA
I am an office condo developer, I think there will always be a place for medical office condos. We are doing a medical office conversion in Kendall. ...
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City's condo fees a 'joke'?                                                                                 Back to Top
Los Angeles Daily News - Los Angeles,CA,USA
Responsible for overseeing the conversion of downtown office buildings into lofts and condos, Hamid Behdad has heard firsthand how the 15 percent ordinance ...
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Quando, quando, quando, condo
Toronto Star - Ontario, Canada
"In the grand scheme of things, delays in condo developments happen. We're in the same boat as a lot of people, especially if you buy in a conversion ...
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Ocean Bank posts loss due to bad loans
Miami Herald - Miami,FL,USA
... development firm, which held $50 million in unpaid loans on a Boca Raton condo conversion project known as Villa Mare Beach & Yacht Club Residences. ...
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Bewitching conversion
Boston Herald - United States
We recently looked at Unit 2, a spacious five-bedroom condo with 2700 square feet of living space spread over two floors. This unit features original ...
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Condo Conversion Boom Slows With Housing Market
Gazette Newspapers - Long Beach,CA,USA
City Council policy long had been to try to increase home ownership in the city, so for the most part, conversion of apartments to condominiums was ...
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Bourbon Square condo conversion scrapped
Chicago Daily Herald - Chicago,IL,USA
Ryan said that in the future, another condo conversion may be considered, but there are no plans for that now. The 50 people who put down money will all get ...
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Planners to consider condo conversion                                                         Back to Top
St. Helena Star - St. Helena,CA,USA
Cantrell's apartment complex is not the only candidate for condo conversion in the Monte Vista neighborhood. Robert Cobb recently acquired a similar ...
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Sagging condo market takes a toll on Corus
Chicago Tribune - United States
Because Corus has "a loan portfolio consisting almost exclusively of condominium construction and conversion loans, this nationwide slowdown has clearly ...
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2007 Co-op & Condo Expo Exceeds Expectations
Cooperator - New York,NY,USA
Rounding out the day, Jack Boyajian of ROA Hutton and a trio of associates presented "Co-op to Condo Conversion: A How-To." This final seminar focused on ...
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Conversion rules under review
Long Beach Press-Telegram - Long Beach,CA,USA
The condo conversion rules should be reviewed by the Planning Commission - and that panel would then forward its findings and recommendations to the City ...
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Condo Hotels: What to Check Out Before You Check In
TheStreet.com - USA
The scourge of changing tax laws made them less attractive investments and many conversion projects were sunk. In the late 1990s came The Mutiny, ...
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Guardian JV Pays $38M for Two Multifamily Assets
GlobeSt. com - New York,NY,USA
"Not only did they pay a higher price originally because they were slated for condo conversion, they also invested a lot of money on upgrades. ...
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The housing market: How bad will it get?                                                          Back to Top
Inman.com (subscription) - Emeryville,CA,USA
In hindsight, some apartment-to-condo conversion projects may have been better off as apartment buildings, Swerdlow said. There are still projects that are ...
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Charleston area awash with condos for sale
Charleston Post Courier - Charleston,SC,USA
She noted that the condo conversion trend drove up values and made it harder for wage-earning renters to find housing at an affordable price. ...
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What to Look For in a Condo Conversion
American Chronicle - Beverly Hills,CA,USA
If you buy a condo conversion, think about how much time you'll be spending there, and consider looking for one with some green space or a pool. ...
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* City weighs condo limits
Daily Pilot - Costa Mesa,CA,USA
In the past, the planning commission and sometimes the council took condo conversion projects on a case-by-case basis, asking owners to make a range of ...
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Toddlers may be in, but tenants still out at Rector
Downtown Express - USA
In February, Andrew Heiberger, the CEO of Buttonwood, told the Battery Park City Broadsheet that his company was planning a non-eviction condo conversion at ...
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Real estate tidbits from the Seaport
Downtown Express - USA
Our next project will be a condo conversion of a building we recently renovated, in that same neighborhood." The recent retail boom in the Financial ...
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LB to review condo policies                                                                                 Back to Top
Long Beach Press-Telegram - Long Beach,CA,USA
By Joe Segura, Staff writer LONG BEACH - The Planning Commission agreed Thursday to review the city's condominium conversion procedures and policies, ...
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Meeting slated on condo plan
The Republican - Springfield,MA,USA
The city's zoning ordinance requires a review committee for a mill conversion overlay district, under which Cabotville falls. Department heads, the mayor's ...
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Mc Williams Ballard Sells Out Va. Condo Building
Multi-Housing News - New York,NY,USA
... has announced that it has completed the sale of the 332 condominiums in Renaissance 2230, a condo conversion project in Falls Church, Va. ...
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Smith Tower condo conversion needs one more city approval
Seattle Post Intelligencer - USA
By AUBREY COHEN Owners of the Smith Tower have one of two key city approvals needed to convert the Pioneer Square landmark from offices into condominiums. ...
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Memphis Real Estate Recap
Memphis Daily News - TN, USA
I think they do like the opportunity to have kind of an affordable condo conversion out there, and I think that's what Continental could be to them. ...
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Georgian Bay Ave. condo conversion
parrysound.com - Parry Sound,Ontario,Canada
Council feels that it needs to "cushion the impact of this conversion on the town's rental inventory by allowing a gradual take up of the tenants" and that ...
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Hollywood's latest star: urban living
Los Angeles Times - CA,USA
Across Vine Street from the W site, finishing touches are being put on a $70-million condo conversion of the former Broadway department store. ...
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Camera follows condo investor
Record-Searchlight (subscription) - Redding,CA,USA
Redding would let her off the hook for paying all but a small water fee for the condo conversion she plans on C Street, just off Hartnell Avenue. ...
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70 units in two communities going condo
Bizjournals.com - Charlotte,NC,USA
Some investors eyeing the current high demand for condo living are eagerly looking for conversion opportunities that can get product to market much quicker. ...
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Lawsuit Filed Against Apartments with 'Uninhabitable Living ...
Asianjournal.com - Los Angeles,CA,USA
"Here in Los Angeles, lack of affordable housing has reached crisis proportions driven, in part, by an aggressive wave of condo conversion," said Steve ...
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Artists losing cherished studio space                                                                Back to Top
Boston Globe - United States
There was little the arts group could do to prevent the conversion to condominiums. In May, town voters approved a zoning change allowing residential use of ...
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Our lady of perpetual development
National Post - Canada
So Stinson bought the property and the adjacent hall in 2000, and drew up a proposal for a condo conversion. Local residents welcomed the plan, ...
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New Condo Conversion, Soleil at Anderson Springs
Business Portal 24 (press release) - Bad Lausick,Sachseri,Germany
Arizona is on fire and its real estate investment opportunities couldn't be any hotter! It's certainly a buyers market, and the buyers are ready and eager ...
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Owner Begins Process of Change at Santa Fe Lofts, But Says No ...
LA Downtown News Online - Los Angeles,CA,USA
It announced that owner Kor Group is laying the groundwork for a condo conversion of the 132 "live-work" lofts. It marks Kor's second conversion attempt in ...
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Asbury Park condo project under way
Asbury Park Press - Asbury Park,NJ,USA
Rossi said the condos will be sold at market rates and he is doing the condo conversion legal work. The units will range in size from 900 to 1700 square ...
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In our view: Condo Confidence
The Columbian - Vancouver,WA,USA
The conversion of 112 apartments to condominiums in the four-year-old building has been the plan, but it's happening several months earlier than envisioned, ...
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NFL Players Association Sells Home Turf                                                        Back to Top
CoStar Group - Bethesda,MD,USA
Pro Football Union Sells Downtown DC HQ for $23.5M, Bldg. Slated for Office Condo Conversion The NFL Players Association (NFLPA) has sold its downtown ...
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Home prices edge up in June, but sales down
Annapolis Capital - Annapolis,MD,USA
David Albrecht, sales manager for North Green, an 84-unit condo conversion in Annapolis, said his complex has some of the more affordable homes in the city. ...
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Roosevelt Court Apts. Slated for Condo Conversion
CoStar Group - Bethesda,MD,USA
Investment group Roosevelt Court Partners LLC acquired the 48-unit Roosevelt Court Apartments in Seattle for a little less than $6.45 million, ...
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Condo-conversion limit wil have an impact, attorney says
San Diego CityBEAT - CA,USA
... between the city of San Diego and an attorney suing the city over how it reviews and approves condo-conversion projects was on the verge of crumbling. ...
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Council Will Consider Hearings On Iceland, Wright's Garage
Berkeley Daily Planet - Berkeley,CA,USA
Tonight the council will find two condo conversion items on its consent calendar--items on this part of the agenda are approved without discussion unless a ...
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Work Starts for Canco Condo
GlobeSt. com - New York,NY,USA
By Eric Peterson JERSEY CITY, NJ-Work is under way on a major conversion project that will turn the five-building, one million-sf former American Can Co. ...
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Condo project trying Boca's patience                                                                 Back to Top
Palm Beach Post - FL, United States
Work on the four-building, condo-conversion project began four years ago, and construction permits will expire in September. Take a look at housing in our ...
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Condoldrums: The sluggish housing market extends to many of the ...
Wisconsin State Journal - Madison,WI,USA
Lower-priced condos, such as those at Bella Casa, a conversion condominium project near the Greenway Station shopping center in Middleton, are easier to ...
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Some Reno condo projects on hold
Reno Gazette Journal - Reno,NV,USA
... conversion projects such as the Montage, the Belvedere Towers and the Riverwalk Towers, as well as the Palladio, which currently has its first condo ...
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Commission to discuss condo conversions
Daily Pilot - Costa Mesa,CA,USA
Saywitz requested a rehearing after the commission voted in April to allow the conversion to condos if three of the apartments were eliminated -- a condition ...
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Condo eviction has NDP wondering ... "Where is the government to ...
630ched.com - Edmonton,Canada
Bill 34---the one MLA's stayed up all night arguing over--- put in rules that force owners to give one year notice when a condo conversion is going to ...
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Capitol Towers apartments altered downtown skyline in '60        
The Tennessean - Nashville,TN,USA
By the time of a condo conversion for the building in 1990, some of the more colorful residents had included Capitol Hill reporter Drue Smith, ...
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Seeking Condo-to-Rental OK, $ Offered to Build Arts Center                         Back to Top
Falls Church News Press - Falls Church,VA,USA
... the Planning Commission's recommendation Monday and the City Council's vote this coming Monday is limited to permitting the condo-to-rental conversion ...
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Pleasant Hill OKs condo conversion rules
San Jose Mercury News - CA, USA
By Danielle Samaniego On Monday the Pleasant Hill City Council approved, 4-0, condominium conversion rules that ensure the city maintains at least 20 ...
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Pleasanton looks to update condo-conversion ordinance
San Jose Mercury News - CA, USA
... In 2005, the City Council directed staff to review the existing condo conversion ordinance to reflect changes in California law, and to address the potential ...
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In Shift, Phoenix Condos Convert to Apartments
Commercial Property News - USA
... as homes have become less affordable due to price appreciation and rising interest rates, while supply has decreased due to condo conversion activity in recent ...

Century 21 Real Estate Professionals has landed a $24 Million ...
PR Leap (press release) - Chula Vista,CA,USA
... 21 Real Estate Professionals is pleased to announce Christian Frazier has landed a $24 Million contract to market the Lexington Place Condo Conversion project. ...

Condo plan under review
Daily Pilot - Costa Mesa,CA,USA
... Now he's trying to make his one-time dream into a reality for other potential homeowners with a condo conversion project — the Bungalows at Elden. ...

Will the condo conversion ordinance disappear?                                          Back to Top
Somerville News - Somerville,MA,USA
... for conversion require landlords to give tenants one year's notice of a conversion. ... He said the ordinance would add predictability to condo conversions, while ...

Forced-out tenants could see more money
Seattle Post Intelligencer - USA
... "I think there should be a law against condo conversions, period.". ... tenants have first crack at buying the condos for 60 days after the notice of conversion. ...
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Condo-conversion inspections weighed
Chicago Tribune - United States
... said. Condo conversions that do not provide adequate parking would have to pay into a village fund for downtown parking, he said. ...

Ohio Group Returns for 99-Unit Cedar Springs
GlobeSt. com - New York,NY,USA
... piece at the edge of Oak Lawn. The returning owner has mapped out a condo conversion for the fully leased Cedar Springs Crossroads. ...

Manhattan Residential Market Cools
Houston Chronicle - United States
... Indeed, developers and nontraditional real estate players jumped on the condo conversion craze in recent years, causing a surge in hotels, industrial buildings ...

Condo-conversion conundrum
Daytona Beach News-Journal - Daytona,FL,USA
... "The conversion is the ... In April, Apartment Locators of Daytona Beach reported an apartment shortage might happen because of a "condo explosion." It has caused ...

'Conversion, reversion'                                   
Naples Daily News - Naples,FL,USA
... Investors purchased Bermuda Island in North Naples late last year, residents feared they’d lose their home in yet another apartment-to-condo conversion. ...

Plan to conquer 'impossible dream'                                                                     Back to Top
Mercury-Register - Oroville,CA,USA
... Councilmember Nancy Nadel (Downtown-West Oakland) said she is not convinced the condo conversion proposal would prevent low- and middle-income residents from ...
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Beach hotels making the condo conversion
WBBH - Ft. Myers,FL,USA
... is so good. But her smile turned to a frown when she heard how more and more hotels around the area want to go condo. "I just think ...

SF workshops for builders, owners
San Francisco Chronicle - CA, USA
... Workshop topics include how to get a permit; condo conversion; lead paint laws and enforcement; seismic safety; disability access; landlord-tenant ...

Historic cottages get nod for condo conversion
Provincetown Banner - Provincetown,MA,USA
... Both parties have deep roots in the Outer Cape area and said that the decision to condo-ize had been a hard one to make. Joseph ...

The Consequences of Condo Conversions
A North County Times newspaper article summarizing the San Diego Assn. of Governments recent workshop on condo conversions

News and notes about real estate and our built environment
The city of San Diego has launched a new website that includes links to a number of housing topics, including rental subsidies for low-income households, first-time home-buyer help and condominium conversion tenant assistance.


 

 
 

 

 
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