Creston Homes is planning to start construction next month on a 71-unit apartment project at Southeast 20th Avenue and Morrison Street in the Buckman neighborhood. In contrast to the company's project it started recently near the Hollywood Theatre, the Buckman Court Apartments will be a small, infill effort. Creston Homes project manager David Mullens said that although the market for apartments is thriving, the company is being cautious. That kind of approach makes sense, brokers say, in light of the economic collapse in the last few years.
Positive effects of the Asian financial crisis on consumer demand and the housing market of US - Cover Report: Market Research/Housing Policy - Cover Story
OREM -- Another car dealership has rolled into Orem, joining an already booming market in Utah County that now includes several luxury-vehicle dealerships vying for the big-pocketbook buyer. The new Nissan-only Ken Garff dealership is nestled among its competition on the packed University Parkway. But fellow auto dealers say their new neighbor doesn't bother them -- it's just healthy competition.
Arizona's booming real estate market has triggered an unprecedented number of complaints to an understaffed state agency, at times frustrating consumers. Real Estate Commissioner Elaine Richardson, a former state lawmaker, knows how the system works - it's the squeaky wheel that gets heard at the Legislature. But Ms. Richardson says her agency doesn't have a lobbyist on staff and didn't even get a chance to testify before any of the Appropriations committees, to express the need for additional investigators.
Why Burlington's vacant buildings remain so is something of a mystery. Neighbors wonder -- why don't the owners tear these buildings down? Or fix them up? Michael Monte, director of the city's Community and Economic Development Office (CEDO), says it's not always so simple. Renovation and demolition are pricey. "People think, 'Just tear it down,'" he says, "but it's not inexpensive to tear something down. [George Munson] says he doesn't have a permit to keep the house vacant; he hadn't realized he needed one. "I suppose the city wants to fine me. I better get moving." But he also questions the need for such a permit. "If I'm paying the tax on it and it's not hazardous to anyone, why do they have to put their nose where it doesn't belong?" he asks. "Probably the Politburo has some reaso...
Greg Myford, associate athletic director for marketing at Penn State, walks around Beaver Stadium on game days and sees people waving tickets in the air. It's a not-so-secret code for scalping. But, increasingly, Myford also sees tickets changing hands on the Internet -- in a way that is legal, efficient and profitable for Penn State.
Mining giant Arch Coal completed its acquisition of smaller rival International Coal Group on Wednesday. It's the latest in a string of big deals centered on strong international demand for coal used to make steel. Buying ICG, based in Scott Depot, makes Arch a much bigger player in the metallurgical coal end of the industry, where prices as high as $315 a ton dwarf those of coal sold to electric utilities. Arch said ICG will make it the No. 2 U.S. producer of met coal when it announced its $3.4 billion cash bid in May.
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