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Shifts In Florida Real Estate Trends
By Phil S. Laboon
For the past few years Florida real estate prices have been reaching record highs, creating a market where investors could buy low and sell high almost overnight. But now, as supply has finally surpassed demand, real estate values are declining and investor interest is dwindling. In June, 2006, home sales were down 30% statewide while condo sales decreased 35%. In Naples, Florida – the area with the highest real estate prices in the country with the average single-family house priced at over $450,000—real estate sales dropped a whopping 48% while prices fell 8%. New luxury condominium resort complexes had been popping up all over the state, but condo sales dropped 31% in both Miami and Ft. Lauderdale while Tampa was hit even worse with a 47% decline.
Major urban areas like Orlando, Miami, Tampa, and Ft. Lauderdale are becoming overcrowded and unaffordable to most potential buyers, so investor interest is shifting to less developed regions in the state that have not fallen victim to exorbitant prices and uncomfortably dense populations. Predominantly residential areas like Hernando County are gaining momentum by boasting reasonable prices with room for appreciation. Preconstruction investment in Hernando has proven profitable and safer than investing in existing real estate during the Florida market’s state of price and appeal descent. Whereas investing in a declining market is usually very risky, preconstruction investing provides a cushion against such hazards.
When investing in preconstruction real estate, the down payment—which is much lower than that of a traditional investment—is
Construction labourer - Affordable Construction* - Fort Saskatchewan, AB
Advice E-mail this Job Job Number: 3950151 Title: Construction labourer (Cribber) ( NOC : 7611) Terms of... Employer: Affordable Construction* How to Apply... (From Canadian Job Bank)
Construction labourer and helper - Krell Construction - Calgary, AB
courses, etc.): Construction Safety Training Systems... unload and transport construction materials, Remove rubble and other debris at construction sites, Read... (From Canadian Job Bank)
Construction labourer - Dave Leduc Construction Ltd. * - Midland, ON
3948448 Title: Construction labourer ( NOC : 7611... English, Read English, Write English Type of Construction: Residential Own Tools/Equipment: Steel-toed... (From Canadian Job Bank)
Construction labourer - Bryan Schultz Construction - Armstrong, BC
E-mail this Job Job Number: 3956657 Title: Construction labourer (/Carpenter) ( NOC : 7611) Terms of... Employer: Bryan Schultz Construction How to Apply... (From Canadian Job Bank)
Construction labourer - INAYAT CONSTRUCTION LTD. - British Columbia
unload and transport construction materials, Clean up... and other debris at construction sites, Tend or feed machines or equipment used in construction Own Tools... (From Canadian Job Bank)
Construction labourer - LAVERGNE CONSTRUCTION (1988) LTD. - Peace River, AB
Write English Type of Construction: Industrial, commercial and institutional Specific Skills: Load, unload and transport construction materials, Erect and... (From Canadian Job Bank)
Construction labourer - Drexler Construction Ltd. - Guelph, ON
3948620 Title: Construction labourer ( NOC : 7611... Languages: Speak English, Read English Type of Construction: Water mains, Sidewalks and curbs, Roads and... (From Canadian Job Bank)
Construction labourer - Vector Construction Ltd. - Vancouver, BC
3947870 Title: Construction labourer (Restoration... an asset Languages: Speak English Type of Construction: Industrial, commercial and institutional... (From Canadian Job Bank)
CONSTRUCTION LABOURER AND HELPER - George Adams Carpentry and Construction Ltd. - Regina, SK
AUG-2008 Job Title: CONSTRUCTION LABOURER AND HELPER... construction materials - Mix, pour and spread materials - Remove rubble and other debris at construction... (From Canadian Job Bank)
General construction labourer - Sorichetti Construction - Oshawa, ON
unload and transport construction materials, Erect... and other debris at construction sites, Direct traffic at or near construction sites, Read blueprints... (From Canadian Job Bank)
General construction labourer - Antrim Construction (North ) Ltd - Fort Mcmurray, AB
Write English Type of Construction: Residential Weight Handling: Up to 23 kg (50 lbs) Specific Skills: Load, unload and transport construction materials, Assist... (From Canadian Job Bank)
Construction worker - Orangeville Construction * - Orangeville, ON
3952076 Title: Construction worker (General Help... required. Some construction experience required. Employer: Orangeville Construction * How to Apply: Please... (From Canadian Job Bank)
General construction labourer - Hedman Construction Ltd. - Winnipeg, MB
unload and transport construction materials, Assist... materials, Remove rubble and other debris at construction sites Own Tools/Equipment: Tools, Steel-toed... (From Canadian Job Bank)
General construction labourer - DALE COLEMAN CONSTRUCTION LTD. - Stormont, ON
unload and transport construction materials, Erect... materials, Remove rubble and other debris at construction sites Own Tools/Equipment: Steel-toed safety... (From Canadian Job Bank)
General construction labourer - De Vries Construction and Renovation - Winnipeg, MB
English Type of Construction: Industrial, commercial and institutional, Residential Specific Skills: Load, unload and transport construction materials, Erect... (From Canadian Job Bank)
Construction worker - Derrick Concrete Cutting & Construction - Edmonton, AB
Number: 3948852 Title: Construction worker (Concrete... 435-4389 Employer: Derrick Concrete Cutting & Construction How to Apply: Please apply for this job only in... (From Canadian Job Bank)
Construction - Kidco Construction Ltd - Calgary, AB
KIDCO CONSTRUCTION LTD. Is hiring for the following positions Experienced 31/51 Scraper Operators; will train on twins. Experienced Twin Scraper Operators... (From Working.com)
Framer helper - construction - Kermanshahi Construction - White Rock, BC
Job Job Number: 3948105 Title: Framer helper - construction ( NOC : 7611) Terms of Employment: Permanent... English Type of Construction: Residential Specific... (From Canadian Job Bank)
construction labourer - Saint-laurent, QC
Advice E-mail this Job Display your job offer: construction labourer Number of position(s) to fill : 1... of providing the construction industry with a full... (From Canadian Job Bank)
Construction Industry - Voice Construction - Edmonton, AB
Gradepersons Required for earthmoving projects. Schedule is 10 days on and 4 days off. Must have slope laser experience and be capable of establishing grade... (From Working.com)
kept secure in escrow until the development is finished, keeping the investor’s money safe even if the development fails. Since preconstruction projects are not advertised, these early phase properties are also impervious to competition-incited price increases. Preconstruction purchasing also allows investors to flip their properties for significant profit when the prices increase at the completion of construction. Article Source: http://www.ArticleJoe.com YAERD offers real estate investing advice, Hernando Preconstruction information, and tips to new and veterans in the real estate industry. You will also find information on Jroberts New Construction Homes, and Florida Spec Homes.
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Sunset review report calls for abolishing residential construction agency
The Texas Residential Construction Commission is under fire from the state’s Sunset Advisory Commission.
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DU to open new residence hall
Nagel Hall, a new $40 million residence hall, officially opens at the University of Denver on Thursday.
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Mortgage Applications at lowest level in eight years
Even as housing prices drop across the country, fewer people appear close to buying a home.
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Peco sets stage for its first green building
Peco Energy Co. on Wednesday launched the first phase of a five-year initiative to make itself more environmentally friendly by rolling out its first green building. (EXC)
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Mortgage Applications at lowest level in eight years
Even as housing prices drop across the country, fewer people appear close to buying a home.
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Workplace fatalities down in Pennsylvania
Workplace fatalities decreased in Pennsylvania last year, according to preliminary estimates released by the U.S. Department of Labor Bureau of Labor Statistics on Wednesday.
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Sunset review report calls for abolishing Texas Residential Construction Commission
The Texas Residential Construction Commission is under fire from the state's Sunset Advisory Commission.
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Wachovia to sell $40M in land, construction loans to joint venture
Wachovia Corp. is selling $40 million in land and construction loans to a joint venture headed by LandCap Partners, according to The Wall Street Journal. (WB)
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Mortgage applications drop to lowest level in eight years
Even as housing prices drop across the country, fewer people appear close to buying a home.
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Workplace fatalies down in Pa., rise in N.J.
Workplace fatalities decreased in Pennsylvania and increased in New Jersey last year, according to preliminary estimates released by the U.S. Department of Labor Bureau of Labor Statistics on Wednesday.
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Gulf Coast Builders Exchange initiates change in leadership
The Gulf Coast Builders Exchange is looking for a new executive director.
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New green job curriculum lands in the District
D.C. has scored the first green-collar job training program in the U.S.
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More than 20 Birmingham firms make Inc. 5000 list
Birmingham is home to 21 of the nation’s fastest-growing companies, according to Inc. magazine’s second-annual listing of America’s 5,000 fastest-growing private companies.
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UGA to name three buildings after former governors
The University of Georgia will name three prominent campus buildings for three former Georgia governors who are alumni -- S. Ernest Vandiver, Joe Frank Harris and Zell Miller.
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Wachovia to sell $40M in land, construction loans
Wachovia Corp. is selling $40 million in land and construction loans to a joint venture headed by LandCap Partners, according to the Wall Street Journal. (WB)
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Dow Reichhold to shut down; 53 RTP workers affected
Dow Reichhold Specialty Latex, a joint venture of The Dow Chemical Co. and Research Triangle Park-based Reichhold Inc., said Wednesday that it will go out of business by the end of the year – a move that will eliminate 53 jobs in RTP. (DOW)
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Mortgage applications drop to lowest level in eight years
Even as housing prices drop across the country, fewer people appear close to buying a home.
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Mortgage applications drop to lowest level in 8 years
Even as housing prices drop across the country, fewer people appear close to buying a home.
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</div>
Mortgage applications drop to lowest level in eight years
Even as housing prices drop across the country, fewer people appear close to buying a home.
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U.S. home, apartment construction hits 17-year low
Home and apartment construction nationwide fell in July to its lowest level in more than 17 years.
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Wachovia to sell $40M in land, construction loans to joint venture
Wachovia Corp. is selling $40 million in land and construction loans to a joint venture headed by LandCap Partners, according to The Wall Street Journal. (WB)
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</div>
Mortgage applications drop 61 percent
Even as housing prices drop across the country, fewer people appear close to buying a home.
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</div>
Mortgage applications drop to lowest level in eight years
Even as housing prices drop across the country, fewer people appear close to buying a home.
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Report: Wachovia to sell land loans to joint venture
Wachovia Corp. is selling $40 million in land and construction loans to a joint venture headed by LandCap Partners, according to The Wall Street Journal. (WB)
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Wachovia sells land loans
Wachovia Corp. has sold a reported $40 million in development loans to LandCap Partners, a California real estate firm. (WB)
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U.S. home, apartment construction hits 17-year low
Home and apartment construction nationwide fell in July to its lowest level in more than 17 years.
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Nuclear agency OKs new bids for KC weapons parts plant
The National Nuclear Security Administration bolstered Kansas City’s hopes of retaining 2,100 high-paying jobs by authorizing resolicitation of bids for a new $500 million nuclear weapons parts plant in south Kansas City.
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</div>
U.S. home, apartment construction hits 17-year low
Home and apartment construction nationwide fell in July to its lowest level in more than 17 years.
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</div>
U.S. home, apartment construction hits 17-year low
Home and apartment construction nationwide fell in July to its lowest level in more than 17 years.
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</div>
U.S. home, apartment construction hits 17-year low
Home and apartment construction nationwide fell in July to its lowest level in more than 17 years.
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Corporate Executive Board's finance chief resigns
Timothy Yost, chief financial officer of the Corporate Executive Board Co. for the past six years, will step down from his post Sept. 5. (EXBD)
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</div>
U.S. home, apartment construction hits 17-year low
Home and apartment construction nationwide fell in July to its lowest level in more than 17 years.
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Housing affordability jumps in region
The sharp fall in median home price in Greater Sacramento has helped drive up affordability, according to two reports issued Tuesday. By one measure, the capital is now the most affordable housing market in California.
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U.S. home, apartment construction at 17 year low
Home and apartment construction nationwide fell in July to its lowest level in more than 17 years.
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</div>
U.S. home, apartment construction hits 17-year low
Home and apartment construction nationwide fell in July to its lowest level in more than 17 years.
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U.S. home, apartment construction hits 17-year low
Home and apartment construction nationwide fell in July to its lowest level in more than 17 years.
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U.S. construction of homes, apartments hits 17-year low
Home and apartment construction nationwide fell in July to its lowest level in more than 17 years.
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Associated General Contractors joins national advocacy group
The American Road & Transportation Builders Association (ARTBA) said Monday that the Associated General Contractors (AGC) of St. Louis and the Heavy Constructors Association (HCA) of Greater Kansas City have joined as state affiliates.
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Two NM firms make fastest-growing Hispanic businesses list
Two companies from New Mexico were recently ranked among the top 100 fastest-growing Hispanic firms in the U.S.
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U.S. home, apartment construction hits 17-year low
Home and apartment construction nationwide fell in July to its lowest level in more than 17 years.
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U.S. home, apartment construction hits 17-year low
Home and apartment construction nationwide fell in July to its lowest level in more than 17 years.
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U.S. home, apartment construction hits 17-year low
Home and apartment construction nationwide fell in July to its lowest level in more than 17 years.
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U.S. home, apartment construction hits 17-year low
Home and apartment construction nationwide fell in July to its lowest level in more than 17 years.
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Bay Area home sales above last year, median price falls hard
Bay Area home sales eked out their first year-over-year gain since early 2005 in July while the median sales price dove to a 53-month low, according to a report Tuesday.
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U.S. home, apartment construction hits 17-year low
Home and apartment construction nationwide fell in July to its lowest level in more than 17 years.
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U.S. home, apartment construction hits 17-year low
Home and apartment construction nationwide fell in July to its lowest level in more than 17 years.
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U.S. home, apartment construction hits 17-year low
Home and apartment construction nationwide fell in July to its lowest level in more than 17 years.
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U.S. home, apartment construction at 17-year low
Home and apartment construction nationwide fell in July to its lowest level in more than 17 years.
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U.S. home, apartment construction hits 17-year low
Home and apartment construction nationwide fell in July to its lowest level in more than 17 years.
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U.S. home, apartment construction hits 17-year low
Home and apartment construction nationwide fell in July to its lowest level in more than 17 years.
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U.S. home, apartment construction hits 17-year low
Home and apartment construction nationwide fell in July to its lowest level in more than 17 years.
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Embassy Suites to open 62 hotels in three years
Embassy Suites Hotels, one of the locally headquartered brands owned by Hilton Hotels Corp., is planning to open 62 franchised hotels in the next three years.
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Marquette Interchange officially opens
Gov. Jim Doyle and state Department of Transportation Secretary Frank Busalacchi officially opened the $800 million Marquette Interchange project Tuesday morning, three months ahead of schedule and an estimated $10 million under budget.
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Potawatomi make $10.2 million payment to city, county
As part of an annual revenue sharing agreement, the Forest County Potawatomi made a $10.12 million payment on Friday to the city and county of Milwaukee, putting the total amount shared at more than $73 million since 2000.
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Judge stops Norwood?s ?tag and hold? law
A Hamilton County judge has ordered the city of Norwood to stop enforcing an ordinance that requires scrap yards to “tag and hold” metal articles they acquire from scrappers for seven days before reselling or processing them.
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Fay keeps on truckin' (Update)
Tropical Storm Fay blew in during the wee hours of the morning leaving us with yet another day of closures. But things should return to normal on Wednesday.
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Ohio company buys Crown Building Materials
An Ohio building supply company on Monday said it has expanded in Portland with the acquisition of local company Crown Building Materials.
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Brasfield & Gorrie earn LEED gold status for Auburn building
Auburn University’s new Building Science Center, which was built by Brasfield & Gorrie LLC and named for its president M. Miller Gorrie, recently earned the state’s first LEED gold certification.
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Smoother entry to Eden Industrial Park
The opening of a new road in the Eden Industrial Park is being hailed as the key to luring more tenants into the complex.
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Wichita NAWIC chapter receives education award
The Wichita chapter of the National Association for Women in Construction on Tuesday will receive the Founders Award from the American Council for construction Education.
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Carolinas? construction barometer drops
A barometer of construction activity in North and South Carolina registered a 2.2 percent drop in the first quarter, according to the Carolinas Association of General Contractors.
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URS Corp. buys engineering firm, expands Texas presence
URS Corp. has acquired LopezGarcia, an engineering design and environmental planning firm that focuses on the state and local infrastructure market. (URS)
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Community colleges won't admit illegal immigrants ? for now
The board governing North Carolina’s community colleges voted Friday to bar illegal immigrants from admission until it comes up with a permanent policy on the issue.
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Orange County Public Schools gets 'A+' rating
Fitch Ratings assigned an 'A+' to Orange County Public Schools' $99.4 million 2008 certificates of participation.
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Community colleges won't admit illegal immigrants - for now
The board governing the state's community colleges voted Friday to bar illegal immigrants from admission until it comes up with a permanent policy on the issue.
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Nobel Learning buys Texas school
Nobel Learning Communities Inc. said Monday it has bought the Ivy Kids Early Learning Center’s school in Missouri City, Texas, for an undisclosed sum. (NLCI)
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Carolinas? construction barometer drops
A barometer of construction activity in North and South Carolina registered a 2.2 percent drop in the first quarter, according to the Carolinas Associated General Contractors.
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Recasting corridors
Springfield Township was a booming residential community in the 1950s. The city of Silverton was a shopping mecca for northern Cincinnatians.
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Construction owners need to know their liabilities
As a construction owner, you can incur liability if you fail to recognize and comply with certain implied legal obligations, many of which spring from an implied covenant of good faith.
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Red Bank location attracts more tenants
Two mixed-use office and retail developments along the busy Red Bank Road corridor have picked up key occupants in recent months.
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High school built in 1950s goes modern
Newport Central Catholic High School Principal Bob Noll has always believed his staff can offer students at his small school something they can’t find at larger public schools – a strong Catholic education with a personal touch.
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Nature returns to Fernald, with help
Jay Stenger has been admiring the scenery at Fernald.
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Mariemont?s new units align with 1921 plan
As a resident of Mariemont, David Arends is deferential to the historic character and small-town feel of his community. But as president and CEO of downtown-based Cole + Russell Architects, Arends clearly recognizes the importance of designing to meet the needs of today’s market.
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Business group uses Web site to fight IRS
Like Howard Beale in "Network," small businesses are mad as hell, and they're not going to take it anymore.
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First-time homebuyer perk might jump-start market
Local Realtors and home builders believe a $7,500 tax credit available to first-time homebuyers is the one prong of President Bush’s Housing and Economic Recovery Act of 2008 that could provide the biggest stimulus to Cincinnati’s housing market.
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Downsizing done, builders plan growth
Taylor Morrison Inc. Division President Richard Dalton said his company is finally dealing with something new -- growth. He and other home builders say they're at least planning for growth after months of declining home sales, shrinking profit margins, office consolidations and recent staff reductions. (BXH)
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Apartment complex goes to school
Mark Chason isn't hanging onto the past.
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Construction at Globe Metallurgical heating up
The initial construction phase at the Globe Metallurgical plant in Niagara Falls is under way. By next month, it should be operational, and by year's end, chemical grade silicon will be manufactured there. A second phase, to be completed next March, will yield 4,000 tons of solar-grade silicon annually.
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Realtors take advocacy role in local political races
When it comes to politics, especially local races, the Buffalo Niagara Association of Realtors has decided to be more vocal.
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UB students building skills while earning course credit
When the University at Buffalo started building houses with Habitat for Humanity in 1990, volunteers couldn't even leave a hammer unguarded without it disappearing.
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Study: NY roadways rank near bottom nationwide
New York's highways are among the five worst-rated road systems in the country, says a new study.
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