CLEVELAND, Ohio — One of the most contentious political debates in Northeast Ohio this year is not about the presidential election, control of the Senate or even the Ohio Statehouse corruption scandal.
It’s about zoning in Pepper Pike.
Hundreds of yard signs bearing the phrase “No to Mixed-Use” are scattered throughout the small, well-to-do far-eastern suburb. They line the sidewalk-less residential streets as part of an effort that opposition organizer Manny Naft said aims to keep the city’s “bucolic” nature.
The signs refer to a measure on the Nov. 3 ballot to change the zoning for a 68-acre tract of land owned by behavioral health services nonprofit Beech Brook, along with two smaller adjoining lots. The issue has divided the community.
The division resulted in online bickering, contentious town hall meetings, threats of defamation lawsuits and even unused condoms left at Axiom Development Principal Bryan Stone’s home.
Stone, who lives
Had it been a scene in a movie, it wouldn’t have ended well. A short drive along a circuitous route through open fields on the edge of a motorway on the outskirts of the city followed by a meeting with two men in suits wearing surgical masks.
Thankfully however, nothing untoward came of this meeting with Eddie Byrne and Michael Hynes of homebuilder Quintain Ireland at the company’s as yet undeveloped Cherrywood Village site in south Dublin. The masks are, of course, an obligatory requirement for doing business in the midst of Covid-19.
And when it comes to progressing the hugely ambitious masterplan it has for Cherrywood, Quintain would seem intent on doing quite a lot of business between now and 2025. By that point, the company says it will have completed 1,300 of the 3,000 new homes it has in mind for the wider 118-acre Cherrywood land holding that
Dallas-based Invitation Homes, the country’s largest rental home owner, is forming a joint venture with a private equity firm to buy up to $1 billion in single-family homes in Dallas, Seattle, South Florida and a dozen other U.S. markets.
Invitation Homes, which owns 80,000 homes, announced the venture with Rockpoint Group LLC on Wednesday. The companies will initially invest $375 million, with Rockpoint putting $300 million into the buying spree.
“We believe both the fundamentals in our sector and the need for high-quality rental housing in the U.S. are as strong as they have been in our company’s history,” said a statement from Invitation Homes CEO Dallas Tanner.
Single-family home rental companies grew out of the 2008 financial crisis, with Wall Street titans like Blackstone Group Inc. investing heavily in buying up distressed properties. Blackstone launched Invitation Homes but cashed out last year, netting billions in profit.
This year, Invitation
It’s the newest, hottest trend in residential development, so new that it does not yet have a standardized abbreviation, talked about by various players as BFR, B2R, or BTR. The dramatic emergence of “built-for-rent” single-family over the past eight years is supported by voracious demand, but the participants in this space will need to pick their strategies skillfully and think increasingly in terms of diversification, niches, and even new methods of production.
The demand for newly-built rental homes is being fueled in part by the wave of millennials who are finally forming families. Many of them are having kids now, which is driving them to want to have a home in the suburbs, with a yard, other kids in the neighborhood, parks nearby, and good schools. Adding to
The essence of luxury exudes throughout Greater Philadelphia’s diverse regions. From expansive suburban estates to the elegance of a multi-level urban oasis, there is truly a home for every lifestyle.
These four homes for sale showcase ultra-modern amenities, architectural excellence and unrivaled views. Read on to discover some of the area’s most notable sales on the market.
7 Woodsworth Court, Wayne
Square footage: 9,100
A timeless manor estate and walk to Wayne dream. The grandeur and architectural detail of “Woodsworth” offers unparalleled character and elegance, and the perfect setting for lavish entertaining and casual living on a grand scale. Featured in Better Homes and Gardens, the bold and refreshing design make this home truly inspiring. The current owners have added a 1,200 square-foot carriage house, saltwater pool and extensively renovated the main house seamlessly. Just off North Wayne Avenue, it’s an easy walk into
In today’s hot sellers’ market, many of the standard rules are reversed.
For example, buyers usually have the upper hand in negotiations — in normal times. But according to a recent report from the National Association of Realtors, the inventory of homes for sale is down 21% from last year, and sellers are receiving an average of three competing offers.
With these record-low inventories and continued buyer interest, sellers start out in a strong position when they list their home. That said, getting the best price is still a long and involved negotiation process — and it pays (literally) to know how to play your cards right.
Here are five things to keep in mind when negotiating the best terms for the sale of your home.
1. Set Yourself Up for Success
The more perceived value a home has, the higher the price it fetches. And one of the best
ONE of Lismore’s best known CBD properties will go under the hammer on Friday.
At 11am the former home of popular Mexican restaurant Black Sombrero at 136 Keen St will be auctioned on the site.
It is understood that this is a mortgagee auction.
Agent Peter Butcher said the property, which comprises land area of 544 sqm and floor area of 363 sqm, will be sold as vacant possession.
“We have had a good interest from potential purchasers,” he said.
“The premises have had previous usage as a retail sporting goods store and more recently as a Mexican restaurant and is ideally suited to an owner-occupier or rental investment.”
Further down the road at 85 Keen St, a retail property which has housed the longest family-owned bicycle shop on the same site, is on the market.
What Does “For Sale By Owner” Or “FSBO” Mean In Real Estate?
A common way to sell a home in this competitive housing market is via “For Sale By Owner” (FSBO). This means that a real estate agent will not be involved in the sales process. The seller of the home has decided not to involve a real estate agent and will handle the transaction completely by him or herself. The owner of the home will be involved in every part of the process, from showing the house to handling the negotiations.
Why would someone want to sell their home as FSBO? Usually sellers decide to do this because of the potential to save money. The big savings comes from not having to pay a real estate agent a commission once the home sells. This commission cost can be anywhere from 5 percent to 7 percent — in some cases,