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In February 1988, Jones Lang Wootton USA brokered the sale of Washington Harbour to Crescent Real Estate Equities for $161 million. At the time of the sale, it was the highest price per square foot ever paid for an office building in Washington, DC. It was Crescent's first purchase of a Washington area building.
Real estate is property consisting of land and the buildings on it, along with its natural resources such as growing crops (e.g. timber), minerals or water, and wild animals; immovable property of this nature; an interest vested in this (also) an item of real property, (more generally) buildings or housing in general.
The median sale price for homes in Baltimore as of December 2022 was $209,000, up from $95,000 in 2012. [ 185 ] [ 186 ] Despite the late 2000s housing price collapse, and along with the national trends, Baltimore residents still faced slowly increasing rent, up 3% in the summer of 2010. [ 187 ]
Through the 1960s and 1970s, significant pieces of Toronto's architectural heritage were demolished to make way for redevelopment or parking. In contrast, since 2000, amid the Canadian property bubble, Toronto has experienced a condo construction boom and architectural revival, with several buildings opened by world-renowned architects.
Third Avenue was unpaved like most urban streets until the late 19th century. In May 1861, according to a letter to the editor of The New York Times, the street was the scene of practice marching for the poorly equipped troops in the 7th New York Volunteer Infantry Regiment: "The men were not in uniform, but very poorly dressed, — in many cases with flip-flap shoes.
As the "New Town" – present-day Downtown – waterfront location quickly developed, it eclipsed Old Town as the center of San Diego. [ 44 ] The first skyscraper over 300 feet (91 m) in San Diego was the El Cortez Hotel , built in 1927; it was the tallest building in the city until 1963. [ 103 ]
Rents and cost of living in these gentrified areas rise every year, pushing minorities and the poor out, causing more and more racial disparity and separation in the city. In 2019, the cost of a one-bedroom loft in Rivertown reached $300,000 (~$352,668 in 2023), with a five-year sale price change of over 500% and average income rising by 18%.
[6] [8] [11] [12] [13] On September 24, 1948, the BOT took over the East Side Omnibus Corporation and Comprehensive Omnibus Corporation in Manhattan, receiving two depots in East Harlem. [ 8 ] [ 11 ] [ 14 ] From 1947 to 1950, the BOT reconstructed numerous depots and trolley barns inherited from the private operators, and erected or purchased ...