Which upgrades will pay back best when house sells?
Can’t sit on that aqua-green toilet one more time? Hate that pink porcelain sink? Can’t stomach that gold-speckled laminate counter top?
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Highwoods beats Street, recession
One of the Tampa Bay area’s largest commercial real estate developers, Highwoods Properties Inc., beat analysts’ expectations despite the recession. (HIW)
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Builders, Developers Can Solicit Financial Support from Owners of Self-Directed IRAs
LAKE MARY, Fla. – Builders and developers who are finding it difficult to secure financing from traditional lenders can solicit owners of self-directed retirement accounts, says a leading funds administrator.
Glen Mather, president of Entrust Administrative Services, which administers more than 2,000 retirement accounts that total more than $200 million from offices in Lake Mary, Boca Raton and Jacksonville, told the Latin Builders Association in Miami recently that they should go directly to the source to seek alternative funding for worthy projects.
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Army Corps to get $4.9M to fix Oahu harbors
The U.S. Army Corps of Engineers will get $4.9 million in stimulus funding to repair three Oahu harbors.
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Struggling soil may lack essential nutrients
Soil has several important roles in gardening. It provides physical support by giving roots a place to develop and anchor plants. It holds water and nutrients necessary for plant survival. And it is full of microorganisms and insects that break down organic matter.
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Augustalee project gets boost
The Mecklenburg-Union Metropolitan Planning Organization has voted to include six transportation projects related to the Augustalee development in Cornelius in its thoroughfare plan.
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Butler in ‘overdrive’ to explore options
Butler Bank, whose capital was cut in half in the first quarter, said it is exploring all opportunities to stabilize operations, including a takeover by another bank, as the Lowell, Mass.-based construction lender works closely with federal regulators to develop a strategic plan.
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Erickson closes Affton sales center, returns deposits
Erickson Retirement Communities has shuttered the marketing and sales center for its planned Grant’s Farm Manor senior housing project in Affton, citing an inability to secure financing for the project.
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YRC Negotiates $351 Million in Sale/Leasebacks
YRC Inc. and USF Reddaway Inc., subsidiaries of YRC Worldwide Inc., continue to shed their ownership in trucking facilities across the country.The two trucking transportation groups entered into another real estate sales contract with Estes Express…
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Concerns Over Lawsuits Hold Up FHA Nomination
A Senate Banking Committee vote to confirm David H. Stevens as head of the Federal Housing Administration was postponed yesterday after concerns were raised about lawsuits involving Long & Foster, the Washington-area real estate brokerage where Stevens has been president for seven months.
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