Former Gov. Pat McCrory rolled out “Project Phoenix” in 2014, proposing partnerships with private developers to overhaul downtown Raleigh’s state government complex. Months into Gov. Roy Cooper’s administration, the ambitious plan to revamp aging state government properties remains on hold – with one exception.
Triangle cities and towns have spent decades developing strategies to control flooding during heavy rains like this week’s storm. Those rules and practices have helped, but Mother Nature can’t always be stopped.
CHICAGO – Chicago's Trump Tower has an unusually large number of condominiums for sale and for rent, and real estate agents predict that a glut of available units in the building may pressure owners to drop their prices.
One of the biggest upsides to purchasing a house with a home equity conversion mortgage is that doing so does not impose a monthly payment burden on the borrower. The disadvantage is that this type of reverse mortgage, offered through the Federal Housing Administration, will cover only about 50-60 percent of the house price, depending on the borrower's age. That means the purchaser will need to find the remaining required cash elsewhere. The most common source is asset liquidation.
Q: What do we need to consider if we sell our home to a close relative? Specifically, are there any tax ramifications or other potential issues if we want to help our family member by selling for significantly below market value?
LOS ANGELES – Eddie Ybarra and Francisco Martinez, both in their 40s, work side by side building the walls of two of the newest condo buildings in downtown Los Angeles. They drive pickup trucks to work, park in adjacent lots and both take their lunch break around 10 a.m. That's about all they share.
Developer CitySpace Homes is working on two projects, adding 10 new brownstone-style condominiums next to the 25 tall and skinny ‘folk vernacular’ homes it built off Dorothea Drive. The company has also just broken ground on what will one day be a collection of 55 houses and two four-unit apartment buildings off Maywood Avenue.
More than a quarter of Durham's youngest children live in a home where the head of household's income is at or below the poverty level and nearly half live in a home where the head of household's income is at or below 185 percent of the poverty level.
A bill that proposed to strip North Carolina counties and municipalities of their authority to impose impact and other regulatory fees on new construction was scaled back by a House committee on Thursday. Local officials say doing away with fees on development will shift the burden of growth on existing taxpayers.
MINNEAPOLIS – Nearly a year before Jack Sazama will actually set foot in his new digs at the Spectrum apartments near the University of Minnesota, the freshman strapped on a set of cheap plastic goggles, strolled through his new apartment in virtual reality and then signed a lease.
Construction nears completion on a Residence Inn by Marriott hotel Thursday, January 19, 2016 in downtown Raleigh. More than 1,000 hotel rooms are slated to open in Wake County in 2017, the most hotel rooms county wide in a single year since 1999.
New hotel nears completion in downtown Raleigh
Tir Na nOg says goodbye
Wendell Falls project back on track
Rookie firefighter bustin' moves while directing traffic