Construction Maison

PARK SLOPE, BROOKLYN — If you've ever wanted to live in the old Brooklyn home of a notorious gangster, you've got a chance to do it. The Park Slope home where Al Capone used to live is up for sale, and it will only cost you a cool $2.5 million to move in. Capone grew up in a nearby building on Garfield Place, according to realtor.com, and moved into this listing in the early 1900s. "If he had lived here today, he wouldn’t have to go into the rum-running business," listing agent Bren Salamon told Patch . That's because Capone could make some serious dough from the two rental units attached to the condo, which could bring in a pretty penny in 2017 Park Slope . Anyone who moves in, though, won't be looking at any old relics of Brooklyn gone by. The home, as many are in the borough these days, was completely renovated by an investor about a year ago. The main townhouse is 2, 980 square feet spread over two levels. Along with three bedrooms and 2.5 bathrooms, t...

PARK SLOPE, BROOKLYN — If you've ever wanted to live in the old Brooklyn home of a notorious gangster, you've got a chance to do it. The Park Slope home where Al Capone used to live is up for sale, and it will only cost you a cool $2.5 million to move in. Capone grew up in a nearby building on Garfield Place, according to realtor.com, and moved into this listing in the early 1900s. "If he had lived here today, he wouldn’t have to go into the rum-running business," listing agent Bren Salamon told Patch . That's because Capone could make some serious dough from the two rental units attached to the condo, which could bring in a pretty penny in 2017 Park Slope . Anyone who moves in, though, won't be looking at any old relics of Brooklyn gone by. The home, as many are in the borough these days, was completely renovated by an investor about a year ago. The main townhouse is 2, 980 square feet spread over two levels. Along with three bedrooms and 2.5 bathrooms, t...

PARK SLOPE, BROOKLYN — If you've ever wanted to live in the old Brooklyn home of a notorious gangster, you've got a chance to do it. The Park Slope home where Al Capone used to live is up for sale, and it will only cost you a cool $2.5 million to move in. Capone grew up in a nearby building on Garfield Place, according to realtor.com, and moved into this listing in the early 1900s. "If he had lived here today, he wouldn’t have to go into the rum-running business," listing agent Bren Salamon told Patch . That's because Capone could make some serious dough from the two rental units attached to the condo, which could bring in a pretty penny in 2017 Park Slope . Anyone who moves in, though, won't be looking at any old relics of Brooklyn gone by. The home, as many are in the borough these days, was completely renovated by an investor about a year ago. The main townhouse is 2, 980 square feet spread over two levels. Along with three bedrooms and 2.5 bathrooms, t...

Poulsbo, Washington / Alan November 8, 2015; North Kitsap Herald Low- income tenants at Woodcreek Apartments in Poulsbo, Washington are facing displacement from their formerly subsidized homes as a new owner undertakes renovations and increases rents. From the story: Kim Kinslow was among the first Woodcreek tenants to receive a letter notifying her that her tenancy had been terminated. She’d lived there for 15 years. Kinslow, 47, is on a fixed income. She had to move back in with her parents on Bainbridge Island. “I’m being forced to move in with my parents,” Kinslow said. “But still it’s humiliating.” An earlier story in the North Kitsap Herald also provides stories of tenants being forced to move. It’s a little hard to tell from these two articles exactly what is going on, but the basic outline is clear. Woodcreek Apartments was created with a federally subsidized mortgage from the United States Department of Agriculture Rural Development Service (USDA-RDS). Owners of the pr...

PORTLAND – The remaining low-income residents of rental units at the Eastland Park Hotel have 90 days to move out and make way for a major hotel renovation that could include a new ballroom in Congress Square Plaza . Eviction notices were sent to residents Monday. Earlier this month, about 12 tenants were still living in the hotel, said city spokeswoman Nicole Clegg . The notices came as no surprise since the hotel’s owner, Ohio- based RockBridge Capital , has been clear about its plan to convert about 50 low-income apartments into hotel guest rooms under the Westin Hotels name. The 90-day notice is 60 days longer than the residents’ leases require, said Adam Valente, senior vice president of RockBridge Capital, who noted that the investment group is making a significant donation to the city’s housing fund. The evictions will set in motion an overhaul of the 85-year-old hotel that Valente said will turn a “left-for-dead property” at a heavily traveled intersection into “a great sh...

I just finished my all-new DAVOS portfolio that includes the following best-in-class REITs: Digital Realty (DLR), American Tower (AMT), Ventas, Inc. (VTR), Realty Income (O), and Simon Property Group (SPG). As a reminder, the DAVOS REITs were picked because of their high-quality attributes and most importantly for their dividend repeatability. While these REITs do not represent all of my favorite picks, they embody a diversified basket that serve as a proxy for robust dividend growth in the REIT sector. I’ll be honest, the last pick was the hardest. It was easy for me to select DLR, VTR, O, and SPG – because these four REITs have scale, experience, and muscle – all essential elements of durability. However, I was torn between the last pick, debating most of my Saturday as to whether I would go with American Tower or AvalonBay (AVB). I was really leaning to go with AvalonBay, but I decided at the last minute to include American Tower . It was a tough call, but after reading this ar...