Inland – 0.12 Acre – Rocky Hill – Lot 2

This 0.12 Acre [478.40 sq m] building Lot is located about 10 minutes out of Utila Town Center on the paved road to the Utila Airport. Very little site preparation is needed to begin construction. Property Location New Airport Road Rocky Hill Utila The Bay Islands Honduras Property Details Lot Size: 0.12 acre [478.40 sq m] Annual Property Tax: $13.25 Property Features

  • 0.12 acre [478.40 sq m] lot
  • 1.5 miles [2.4 km] from public beach
  • 1 mile [1.6 km] from Utila Town Center
  • Municipal 110/220V Power
  • Private Well Water
  • Paved Road Access
  • In-zone for wired Telephone Service
  • In-zone for Cellphone Service
  • In-zone for DSL Internet
  • In-zone for Cable TV

Property Description

This 0.12 Acre [478.40 sq m] building lot is situated about 10 minutes out of the Utila Town center on the paved main road to the ‘new’ Airport, and about half way between the Town Center and the Airport. The

Read the rest of article…

Chairturday! Ko Ko Ko

Chair knows the best eggs come from free-range chickens. Chairs little friend Stool is going to help gather the eggs. As usual. Column and Column stand by and do little.

Boston rents are movin’ on up

The cost of apartment living in some of Greater Boston’s most charming and hippest neighborhoods is going through the roof, even as overall rents in the area have remained relatively flat.

Newton Center and Somerville’s Davis Square and Winter Hill are the hottest rental markets around.

“It’s a picture-postcard New England community and the cream of the crop outside of Boston,” bragged a Newton-proud Michael Spurr, owner of Newton Centre Associates, an apartment listing company. “It has s

Read the rest of article…

Barbarians or White Knights: What to Make of Private Equity’s Love of Real Estate

When Savanna was looking to snatch 80 Broad Street in Lower Manhattan early this year, it prepared for a lengthy siege.

The New York-based private equity firm knew that the office towers owner, a partnership of Swig Equities and Broadway Management, was in hot water. A $12 million mezzanine loan on the 417,000-sq.-ft. property had soured, and Cushman & Wakefield was shopping the defaulted first mortgage, which had more than $98 million in its principal still on the books.

The scenario was ripe for a cash-flush investor like Savanna to dig its heels into a debt position and then work from that foothold to increase its share to a partial or total ownership stake.

And theres good reason that Savanna might have expected a long battle, not the least of which is the fact that private equity investors are still viewed with some skepticism as vulture investors.

Read the rest of article…