The developer, Gotham Construction, bought the air rights from several adjacent low-rise properties and stacked them 18 stories high, like invisible Lego blocks.
But since the highway is squeezed tightly between the expensive high-rise properties of Riverview Terrace and the East River, there was nowhere to direct the 150,000 cars that use the road daily, and the city was reluctant to close it for a repair project, he said.
Adding to its recent $475 million purchase of apartment high-rise properties from the troubled Macklowe family, Equity Residential has paid $45 million for an apartment complex rental community a mile from the beach in tony Del Mar, Calif., Forbes has learned.
Rising property equity giving the illusion of growth.
Proponents cited rising property taxes and diminishing county services.
Despite rising property prices, simplicity is the pervading style.
Must all roads lead to rising property prices?
In other cases, rising property assessments offset any savings.
For ordinary citizens, rising property prices make homes increasingly unaffordable.
WITH the housing market faltering, conversation about rising property prices has been replaced by conversation about rising property taxes.
She names rising seas, rising insurance premiums, rising property taxes, rising temperatures.
