Word: condoe
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...half dozen developers, including Donald Trump, are eying high-rise condo projects downtown that would offer stunning views of the mighty Mississippi. The Port of New Orleans just signed an agreement to open up four miles of riverfront for development, including a one-mile-long park replacing wharves. Nearby, developer Pres Kabacoff's $318 million plan to transform the St. Thomas housing project into River Garden-a mixed-income neighborhood with Creole cottages, Victorian doubles and Greek Revival houses-should get back on track this month. And a few blocks away, KB Home, one of the nation's largest builders...
...took Tom Perkins’ just-released first novel, “Sex and the Single Zillionaire,” on my skiing trip over intersession for a light read. As I sat in the condo reading, my fellow skiers caught the flamboyant title of the novel and asked me what it was about. I started reading part of the novel aloud...
...that several high rollers in the Las Vegas condo-hotel game, with properties linked to the likes of Michael Jordan and Ivana Trump, are either folding or selling their holdings, a growing number of players are losing their taste for big bets on high-rise residential real estate development...
...Back east, the luxury condo markets that have had similarly explosive growth in Miami and New York, where high-end apartments can command from $2,000 to $4,000 a square foot, haven?t slumped yet. Still, experts say the abrupt reversal of fortune in the desert, where the mainstream residential real estate and hotel markets are still quite healthy, shows just how quickly the odds can change in even the most affluent markets if runaway speculation and overzealous development take hold. ?It?s another case of irrational exuberance,? says John Restrepo, head of a Las Vegas real estate...
...natives, then the Johnny-come-latelies, followed by the tourists--who are vermin in most resort towns. But in Aspen, the bottom slot goes to guys like David Massarano, a prosperous real estate attorney from Houston who recently dropped $470,000 for three slices of a one-bedroom condo in the six-week-old Hyatt Grand Aspen, 157 steps from the gondola at the base of Aspen Mountain...