Commencing January 1, 2012, legal, real estate and insurance professionals will be required to advise clients of KRS 381.280 which creates a forfeiture of property rights for the taking of the life of a party in interest to the same prior to such parties executing deeds and other documents in question. It works like this:
Change the Locks !!!!
The Illinois General Assembly has recently amended the Landlord and Tenant Act to add a new requirement for landlords: when a unit changes over to a new tenant the locks must be changed or rekeyed. This applies to dwelling units only. The Act is not applicable for dwelling units in a building of 4
Modular Construction
Has modular construction finally come of age ? The Modular Building Institute thinks so. Modular construction is no longer just for preparation of walls and roof joists. Today, contractors are using prefabrication and preassembly in construction of steel framed structures, multi-story structures, health care and education facilities. The benefits of modular construction positively affects:
New Word: “De-Malling”
In the late 1960’s and 1970’s the retail industry clustered under a common roof in controlled 72 degree conditions. As consumer tastes changed and populations shifts, the "life-style" center became the next new thing. The problem being addressed today is what do we do with all of the covered malls around the country ? One
Risk Appetite: One Perspective from Chicago
YoChicago.com recently interviewed Alan Lev, CEO of Belgravia Group. Alan discusses his company’s recent performance and strategies in this challenging market and his thoughts on the future of the Chicago residential real estate market and its ability to absorb the current inventories. What struck me as insightful and telling are Alan’s insights (at the
Marcellus Shale: The Next Gas and Oil Boom ?
If you thought the earth beneath your feet was solid; think again. Land owners and energy industry prospectors are busy in Eastern Ohio, West Virginia, New York and Pennsylvania looking for pockets of natural gas embedded in the Marcellus Shale buried deep beneath the surface. Named for the town where it all started, Marcellus, New
Value of Walkability
According to walkscore.com a walkable neighborhood has:
1) A center: Walkable neighborhoods have a center, whether it’s a main street or a public space.
2) People: Enough people for businesses to flourish and for public transit to run frequently
3) Mixed income, mixed use: Affordable housing located near businesses.
4) Parks and public space: Plenty of
Co-Working Office Space
As more workers and entrepreneurs are requiring space to hold meetings and appointments outside the company office, there is a growing need for locations away from homes in which to "plug in", make phone calls without the background music and noise of a Starbucks or other such cafe. The industry which addresses this need is referred
Is There a Walmart in Your Future ?
Walmart has opened its supercenters in many if not most urban and rural communities. Where do they go next ? With the over abundance of strip store space just about everywhere Walmart has many options. Walmart is embracing the concept of ‘in-flll" with three concept store formats with which they are experimenting:
- Walmart Express
Gorilla Marketing Hits Real Estate
Internet/mobile advertising company, Adzookie, is offering to paint your home and pay your mortgage if you keep your house wrapped in their ad. Not a new idea, but this one will get much more attention for less marketing dollars than the cost of a traditional advertising campaign.
Any reason this concept will not work