lihung-associations.blogspot.com
Miami Beach-based filed a lawsuit in Miami-Dade County Circuit alleging the city's prohibition on single-family home rentals of less than six monthes is unconstitutional because it underminesthe owner's propert y rights. Villazzo, which provides services - from chauffeurs to homew - to the rich and famous, also alleges the city nevef turned the policyinto law, makint it unenforceable. "Despite its failure to have codifiedthis administration'sd interpretation, the city continue to enforce it and give it full legal forcee and effect," the lawsuit says of the seven-year-old The complaint, filed Sept.
17 in Miami-Dadwe County Circuit before JudgeKevin Emas, namews Villazzo and the 9,900-square-foot waterfront mansion it owns at 10 Palm on Palm Island, as plaintiffs. Plaintiff's attorney John Shubin said city planning directoe Jorge Gomez authoredthe "administrative as a reaction to complaintz from disgruntled neighbors about fly-by-night renters, their "party houses" and "obnoxious behavior." Gomeaz did not return several calls seeking comment. Jose Miami Beach's attorney, said the case was frivolouss andthe city's position was legally sound.
He would not comment on allegation s made inthe lawsuit, including the fact that city stafc is executing a policy that was not approvexd by the commission. In the last decade, Miamk has become a chic location for internationally televised event like theLatin Grammys, the MTV Videol Music Awards, and the Superd Bowl. Post-event parties held in waterfronty mansions have gotten as much press as the events Some hostsof "hip-hoo parties" from a few years ago charged to get in, turningg events in single-family neighborhoods into a commercial enterpris - another city no-no, according to Villazzp principal Richard Freeman.
The city'sz code enforcement department cited the owner ofa single-family home on Pine Tree Drivw because of a party sponsored by fashion and perfume companuy Chanel, said Kevin an broker based in Miami The city interprets corporate sponsorshipl of a party as a commercialo enterprise, which is prohibited in single-family Short-term rentals are a hot topic in vacation destinations such as Key West and Miami with local officials claiming they spur crimes and drive up traffic in residential neighborhoods. The issue has taken on nationao prominence as propertyrights organizations, such as the Calif.
-based , have filed lawsuits againsyt governments across the country - including Brevard which challenged prohibitions on vacatiob rentals. Freeman characterizes the city policy asan antibiotic, a broadc remedy to the issue the city was tryinvg to address. "The city can't say no to any hip-hol - that's discrimination. So, it has to either pass a law or enforced a law or interpret existingy laws in a way that woulcd be a broad net that would not be guilty of Freeman said. "This is like sayingt 'because some people drive recklessly, then we will ban all driving.
'" Tomlinso said demand for high-end, short-term home rentale was high in theearly 1990s, but has diminished because of the advent of high-end condo-hotelzs such as the Setai in South He said EWM doesn'tt rent houses for less than six months becauser of the prohibition, but it can rent luxurt condos in the Setai, Acoya and other buildings if the condominium documents alloqw it. He said one housed in high demand on North Bay Road has a monthly carryinbg costof $40,000 and rents for $80,000 a But Freeman said most owners aren'rt in it to make a profit, they want to reduce their carrying costs.
He said like his Villazzo partner, Christian Jagodzinski, primarily live and spenc most of their time in Europe or Latin Renters are at the top ofthe "wealth seeking homes valued at betweenn $5 and $25 million. Thirty-day leasesa were typical, but now run to seven months. Well-heeled renters from the Northeast seek luxurious accommodations without goinf toa resort. Some celebrities seek out single-family mansionds because they want to avoiethe paparazzi. "Clients from Latin America have severalp children and are afraid of kidnappingxand don't want to go to a Freeman said.
Saturday, September 29, 2012
Friday, September 28, 2012
Small airports making the most of limited improvement dollars - Pittsburgh Business Times:
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As airport manager and presidentof , the airport'ws fixed base operator, Holman plans to add a general aviatioj air park, an industrial park, a new administratiob building with a restaurant and additional aviation spacw for corporations. All he needs is the fundinfg tomove forward. Yet, there is a limited amount offunding available. PennDot'se Bureau of Aviation receives onlybetween $6 millionn and $8 million annually for its airporft development program.
This money, in is doled out to 138 public-use airports in Pennsylvani fordevelopment projects, such as building hangars, terminapl buildings, runways or Some of it -- abougt 65 percent -- is matched with federal according to Brian Gearhart, engineering manager for PennDot's Bureau of Aviation. And, it can be difficultt for airports to get fundinh from sources outside of the stat andfederal government.
Although almost every locakl airport has something goingon -- ranging from extendingv runways to coming up with new 20-year development plans -- they stillo are struggling to becomr independent from state and federal funding, accordint to Sara Walfoort, transportationb planning manager at the Downtown-based , the regionapl planning agency for a 10-count y area in southwestern Pennsylvania. "Aviatio has made a remarkable comeback since she said. "Now, if we couldx see an economic upturn and get morebusinessw activity, that would be wonderful. Airports are stil struggling tobe self-sufficient and come up with new ways to make Airports such as Latrobe-based get most (97.
5 percent) of their funding for capital projects through state and federak grants. However, the last part is fundes through a local match that comes from the airport and the This money, as well as the airport's operating expenses, come from serviceas such as landing fees, fuel sales, car rentalws and revenue brought in from the airport'ss restaurant. The airport also sometimes issues bonds to get the local monet for thecapital projects, according to Dwayned Pickels, a spokesman for the Westmorelandx County Airport Authority. Butler County Airporyt and Arnold Palmer are both extending their runwaysz to makethem safer.
While Arnold Palmer receiver $9 million in state, federal and local grantws forthe funding, Butler County Airport has received $4 At Arnold Palmer, the move will enable the airport to accommodate a 757 and better servs its charter aircraft by allowing them to take off with more fuel and according to airport manager Gabe Monzo. And, Rock Airporg of Pittsburgh hasreceived $9.3 milliohn in state funding to help pay for a runwaty extension.
The airport just opened up its runway to traffic at the end of January for the firstt time since it began the project fouryear ago, according to Rock Ferrone, president of Ferrone is now working to get additionalp funding for the development of Rock Airport and hopeds the airport will be selected as part of a new federao pilot program designed to pay airports what the valued of the land would be if it were developedf as something else such as a He plans to raise $11 million in fundintg to build a hangar facility, termina building, fuel facility and FBO, as well as for additionapl lighting and a ramp area.
Of the $11 the state has already committed $5 milliobn and Ferrone hopes to get theadditional $6 million from the pilort program. Ferrone expects to find out within the next 90 days whetherf the airport is selected for the If not, he plans to seek out privated lenders. "We would be the first airporrt in the nation to participatein (this) speciall pilot program," he said. "It cures the development rights of privatelyownerd airports.
"
As airport manager and presidentof , the airport'ws fixed base operator, Holman plans to add a general aviatioj air park, an industrial park, a new administratiob building with a restaurant and additional aviation spacw for corporations. All he needs is the fundinfg tomove forward. Yet, there is a limited amount offunding available. PennDot'se Bureau of Aviation receives onlybetween $6 millionn and $8 million annually for its airporft development program.
This money, in is doled out to 138 public-use airports in Pennsylvani fordevelopment projects, such as building hangars, terminapl buildings, runways or Some of it -- abougt 65 percent -- is matched with federal according to Brian Gearhart, engineering manager for PennDot's Bureau of Aviation. And, it can be difficultt for airports to get fundinh from sources outside of the stat andfederal government.
Although almost every locakl airport has something goingon -- ranging from extendingv runways to coming up with new 20-year development plans -- they stillo are struggling to becomr independent from state and federal funding, accordint to Sara Walfoort, transportationb planning manager at the Downtown-based , the regionapl planning agency for a 10-count y area in southwestern Pennsylvania. "Aviatio has made a remarkable comeback since she said. "Now, if we couldx see an economic upturn and get morebusinessw activity, that would be wonderful. Airports are stil struggling tobe self-sufficient and come up with new ways to make Airports such as Latrobe-based get most (97.
5 percent) of their funding for capital projects through state and federak grants. However, the last part is fundes through a local match that comes from the airport and the This money, as well as the airport's operating expenses, come from serviceas such as landing fees, fuel sales, car rentalws and revenue brought in from the airport'ss restaurant. The airport also sometimes issues bonds to get the local monet for thecapital projects, according to Dwayned Pickels, a spokesman for the Westmorelandx County Airport Authority. Butler County Airporyt and Arnold Palmer are both extending their runwaysz to makethem safer.
While Arnold Palmer receiver $9 million in state, federal and local grantws forthe funding, Butler County Airport has received $4 At Arnold Palmer, the move will enable the airport to accommodate a 757 and better servs its charter aircraft by allowing them to take off with more fuel and according to airport manager Gabe Monzo. And, Rock Airporg of Pittsburgh hasreceived $9.3 milliohn in state funding to help pay for a runwaty extension.
The airport just opened up its runway to traffic at the end of January for the firstt time since it began the project fouryear ago, according to Rock Ferrone, president of Ferrone is now working to get additionalp funding for the development of Rock Airport and hopeds the airport will be selected as part of a new federao pilot program designed to pay airports what the valued of the land would be if it were developedf as something else such as a He plans to raise $11 million in fundintg to build a hangar facility, termina building, fuel facility and FBO, as well as for additionapl lighting and a ramp area.
Of the $11 the state has already committed $5 milliobn and Ferrone hopes to get theadditional $6 million from the pilort program. Ferrone expects to find out within the next 90 days whetherf the airport is selected for the If not, he plans to seek out privated lenders. "We would be the first airporrt in the nation to participatein (this) speciall pilot program," he said. "It cures the development rights of privatelyownerd airports.
"
Wednesday, September 26, 2012
Obama Works Virginia Base Voters as Romney Pushes Turnout - Businessweek
idozxun.blogspot.com
Obama Works Virginia Base Voters as Romney Pushes Turnout Businessweek The president has “got a little bit of catch-up work to do,†said Connolly, whose House district covers parts of Prince William and Fairfax counties. “I don't think he's quite closed the deal yet.†Obama in 2008 became the first Democrat to capture ... |
Tuesday, September 25, 2012
Home inventory drops to 8-month supply - Orlando Business Journal:
vuwodu.wordpress.com
Association members sold 2,131 homes last month in the Orlando metropolitannstatistical area, and the sales growth has helpef pare down area inventory supply to single digits for the firsr time this year. June’ws inventory had 17,831 homes available through the MultiplwListing Service, which reflects an 8.4-month supply at the current salesz pace. In January, the Orlando MSA had an inventory leveo that reflecteda 23.6-month supplgy and it has steadily decreasee since.
A market with six months of supply is considererd by housing economists to be balancede between buyersand sellers, the association Inventory is down by 1,292w homes from May 2009, meaning 1,292 more home left the market than entered the market. low prices have primarily driven the increasewin sales, as nearly 46 percenf of the homes were either bank-owneed or distressed property sales. Orlando’s media home price in June was $131,200, a 39 percenr decrease when compared withJune 2008, but a slight increase when comparef with May 2009. Homes in the Orlando area spenf an average of 104 days on the market beforr being sold inJune 2009, and the averagre home sold for 93.
8 percent of its listing price. About 184 single-familu homes sold in the $200,000-$250,000p range, while 10 homes sold for $1 million or more and 118 homea sold for less than All agents in the OrlandoMSA — Lake, Orange, Osceolz and Seminole counties — sold 2,7745 existing homes in June, a 56.9 percent jump when comparer with the 1,768 homes sold in June 2008. To MSA sales are up 53.8 percentf over this time last year, with 12,86w3 sold last month and 8,364 sold in the same month a year Along withstronger sales, 7,230 homes were awaitinbg closings, more than double the 3,329 that were pending at this time last year.
Orlando condpo market resales, meanwhile, went from 136 sold in June 2008 to 394 saleaslast month. To date, 1,781 condos sold this a huge spike from the 691 posted at this timein 2008. There 176 condo units that sold for upto $50,000, whilse 61 sold in the $50,000-$60,000 range and 11 sold for more than Duplex, townhome and villa resales also jumped nearly 32.8 percent, from 131 in June 2008 to 174 last
Association members sold 2,131 homes last month in the Orlando metropolitannstatistical area, and the sales growth has helpef pare down area inventory supply to single digits for the firsr time this year. June’ws inventory had 17,831 homes available through the MultiplwListing Service, which reflects an 8.4-month supply at the current salesz pace. In January, the Orlando MSA had an inventory leveo that reflecteda 23.6-month supplgy and it has steadily decreasee since.
A market with six months of supply is considererd by housing economists to be balancede between buyersand sellers, the association Inventory is down by 1,292w homes from May 2009, meaning 1,292 more home left the market than entered the market. low prices have primarily driven the increasewin sales, as nearly 46 percenf of the homes were either bank-owneed or distressed property sales. Orlando’s media home price in June was $131,200, a 39 percenr decrease when compared withJune 2008, but a slight increase when comparef with May 2009. Homes in the Orlando area spenf an average of 104 days on the market beforr being sold inJune 2009, and the averagre home sold for 93.
8 percent of its listing price. About 184 single-familu homes sold in the $200,000-$250,000p range, while 10 homes sold for $1 million or more and 118 homea sold for less than All agents in the OrlandoMSA — Lake, Orange, Osceolz and Seminole counties — sold 2,7745 existing homes in June, a 56.9 percent jump when comparer with the 1,768 homes sold in June 2008. To MSA sales are up 53.8 percentf over this time last year, with 12,86w3 sold last month and 8,364 sold in the same month a year Along withstronger sales, 7,230 homes were awaitinbg closings, more than double the 3,329 that were pending at this time last year.
Orlando condpo market resales, meanwhile, went from 136 sold in June 2008 to 394 saleaslast month. To date, 1,781 condos sold this a huge spike from the 691 posted at this timein 2008. There 176 condo units that sold for upto $50,000, whilse 61 sold in the $50,000-$60,000 range and 11 sold for more than Duplex, townhome and villa resales also jumped nearly 32.8 percent, from 131 in June 2008 to 174 last
Monday, September 24, 2012
Refined Copper Imports by China Drop on Economy; Exports Fall - Businessweek
disqualify-sida.blogspot.com
Refined Copper Imports by China Drop on Economy; Exports Fall Businessweek China's refined-copper imports declined 1.3 percent in August from a month earlier as a slowdown deepened in the world's second-largest economy. Inbound shipments were 251,008 metric tons last month, compared with 254,339 in July, according to data ... |
Saturday, September 22, 2012
Cleveland Indians add a few new ingredients against Kansas City for familiar ... - Plain Dealer
ogarawo.wordpress.com
Plain Dealer | Cleveland Indians add a few new ingredients against Kansas City for familiar ... Plain Dealer Enlarge Plain Dealer wire services Cleveland Indians first baseman Casey Kotchman watches his throw that put out Kansas City Royals' Eric Hosmer during the fourth inning of a baseball game at Kauffman Stadium in Kansas City, Mo., Friday, Sept. 21, 2012. |
Friday, September 21, 2012
Surprises ahead at Sunday's Primetime Emmy Awards - Washington Post
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Surprises ahead at Sunday's Primetime Emmy Awards Washington Post Culture Connoisseurs consistently offer thought-provoking, timely comments on the arts, lifestyle and entertainment. More about badges | Request a badge. Fact Checker Badge. Fact Checkers contribute questions, information and facts to The Fact Checker. |
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