January 2013

There are 14 blog entries for January 2013.

Church to Condo

We usually only highlight high rises, but we thought we’d share some examples of churches being converted into condos in the United States. Our first example is the most recent conversion in Watertown, Mass., where owner Brian Badrigian spent $9 million rennovating a late-19th-century Baptist church in Watertown, Mass., into eight condominiums.

sanctuary in seattle

Another example is the Sanctuary in Seattle.  Once a Christian Science Church building, in 2012 it was converted to 12 townhomes.  The ceilings are a sky high 30 feet and the colorful stained glass windows tower above dinner guests at 20 feet. 

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There is more great news for Nashville as global media powerhouse Forbes names Nashville “Nowville”.  This is the second time this month that Nashville has received major media attention with New York Times naming Nashville the nations “it” city.

With a blend of traditional and modern values Nashville presents a song of opportunity and a smile of success for residents who are buying homes in Nashville.  The combination of career opportunities and less expensive housing is luring new energy into Nashville.  If you are looking to buy a high rise condo in Nashville, you should contact our Nashville Highrises.com specialist, Lisa Peebles who will help guide you to find a home in “Nowville”.

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The election, Sandy, the Mayan claim to the end of the world…you don’t have to listen too carefully to be consumed by negativity these days. These naysayers, however, have failed to do their homework. The economy is actually getting better. Below is the data that proves, despite fabricated reports to the contrary, our fiscal situation is improving.

  • Standard & Poor’s Case-Shiller Home Price Indices rose by 6% this year. These are the first “real” price increases we have seen in five years and bodes well for the real estate sector and economy as a whole. (Yes, I realize home prices increased when the government offered the first time home buyer tax credit, but those number were inflated because of that credit so cannot be counted for real data.)
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Fifth and Columbia

A new high rise will soon be reaching the clouds in Seattle’s north west sky.  After being on hold for five years due to the economy The Fifth and Columbia Tower’s will be breaking ground this summer.  As the tallest building in 20 years constructed in Seattle, this 43 story high rise designed by Zimmer Gunsul Frasca Architects (ZGF) features unique asymmetrical  reflections creating a mirrored reflection of it’s surroundings at different angles.

A change in occupancy type is planned for Fifth and Columbia Tower to have floors 2-15 a hotel and 16th Floor and above for office spaces.The Fifth and Columbia Tower is expected to be completed in 2016 and will reach heights greater than Seattle’s iconic Space Needle. 

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1521 condosGreat news, only four units remain at the new Seattle highrise, Fifteen Twenty One.  With 143 units soaring above Pike Place Market, Fifteen Twenty One offers incredible views.  The building amenities include a 24-hour concierge, fitness center, meeting room, sky lounge, wine storage and assigned parking in a secure garage.

1521 seattle

Fifteen Twenty One has received the National Association of Home Builders silver finalist for Project of the year and is LEED Certified.  This luxury highrise condo has been featured in Seattle Times, Urban Ash, Builder, Daily Obsession and Sotheby's.  It also won two awards in Opus "Best of the West" development competition.  Highrises.com loves the views and access to urban living at this new highrise and we think these will be

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Ready for DC’s newest highrise? Meet The Monty.

the montyLocated in Bethesda between Fairmont Avenue and St. Elmo Avenue this soon to be highrise is expected to be breaking ground as soon as march. With 118 resident units and a ground floor of commercial, this 17 story highrise the developers hope to achieve LEED silver certification. At the top of this architectural residential sculpture is rumored to be a terrace and gym, for those that prefer to lift weights from the 18th floor.

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Now is the time to apply for 2013 Homestead Exemption! You must apply between January 1st and March 1st.
This will mean substantial savings on your real estate taxes. If you do not apply by March 1ST , you will lose your eligibility for this year.

To qualify for the Homestead Exemption, the applicant must at minimum meet the following criteria as of
January 1st : * Be a U.S. citizen or legal resident, * Own the property (i.e., have legal or equitable title).*
Occupy the property as his/her permanent residence (to the exclusion of all others), * Only those qualified
persons listed on the exemption application will receive the exemption benefits. If the property is held jointly
by husband and wife, either party may apply

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As good as 2012 was, 2013 may be even better!
2013 forecastMany real estate experts are very positive in their projections for 2013, and expect that -
Mortgage rates will remain near record lows, at least through the first half of 2013, and then possibly rise to about 4% by year end.
Property values are expected to rise by 2 to 3% during 2013.
New household formation should increase by approximately one million nationwide, and housing starts are expected to rise to an annual rate of about 1 million per year.
Foreclosure rates are expected to continue to fall throughout the year.
Together, these are strong indicators of an active, vibrant and healthy real estate market in 2013.
Call Emily Ray-Porter & Associates for your real estate needs!!! 214-296-9155 

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We just had to share some great news.  The New York Times named Nashville the "it" city in the January 8th article "Nashville's Latest Big Hit Could Be the City Itself". The writer contributes it to the Mayor Karl Dean in his second term.  Mayor Dean gambled on the most expensive project in Nashville's history, the Downtown Convention Center Complex costing more than $623 million.  Combining this with the music and young vibrant population arriving in Nashville, there is a fresh vibe to this classic city.  Nashville also recently ranked the top five cities for job growth by Gallop.  All these factors make Nashville a great city to buy a home in.  You can even find several highrise condos for under 200,000.  With real estate closings up 28 percent over the…
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For sale is Astronaut Buzz Aldrin’s Los Angeles penthouse.  It is now on the market for $3.3 Million Human Earth Dollars at the location 34.066876 latitude, -118.427769 longitude.  Buzz Aldrin was the second person to walk on the moon in 1969.  You now can be the second person to own this condo, as it is the first time to become available on the market since he bought the home in 1998.  This celebrity penthouse is located  at the highly coveted SE corner unit at La Tour, Wilshire Corridors finest full service building. This penthouse has a large open floor plan with floor to ceiling walls of glass  and offer unobstructed panoramic views of Century City, Beverly Hills, and Los Angeles. The two secondary bedrooms have been reconfigured into a large den

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