Monday, June 4, 2012

Keep your home house-fly freeAs the calendar turns to June and the temperatures start to rise in WA and nationwide, we begin to spot more bugs, insects and pests as compared to during the winter.

Hiring an exterminator is one way to limit the number of ground-based bugs in your home. For example, periodic treatments can help to keep ants, beetles and termites at bay.

For airborne pests, however, prevention can be more difficult.

House flies can be especially nagging. They often enter through open doors and windows, then buzz through kitchen and bedrooms, spreading germs and general annoyance.

If your home is battling house flies, the good news is that there are a number of chemical-free, environmentally-friendly ways to reduce or eliminate house flies; solutions that are safe for homes with children and pets.

First, make sure your screen doors and screened-in windows are all in working order. Tears, rips and holes should be repaired or replaced. This is often a house fly's easiest point of entry into your home.

Next, remember that house flies are attracted to surfaces with sugar or protein. Therefore, it's important to keep kitchen surfaces and non-carpeted floors clean because these are probable "hot spots" for a house fly. Clean once or multiple times per day, and try to use products containing orange, clove or lemon oil. These oils often repel flies.

Then, examine all trash cans. Lids should remain tightly closed and garbage bags should be changed frequently. Garbage is a breeding ground for house flies and, because flies can hatch from eggs in a matter of hours, the sooner your garbage is sealed and moved to a garage or outdoor dumpster, the better.

Lastly, consider placing 2-3 dozen cloves into an apple and leaving it in a room in which flies are bothersome. The smell of the cloves repels flies and, although it won't prevent flies from returning, the method is helpful for temporary fly relief.

City leaders mull TIF financing for Georgetown Park (Georgetown Metropolitan)  Gray and Brown said to be considering tax-funded bond program for Vornado to attract better tenants.

Toki Underground and Durkl teaming up for fashion / food market (CityPaper)  Maketto will be a 2-story space in the Atlas District.

Mortgage rates hit another new low (Mortgage News Daily)  The weak economic report causes rates to slide, resulting in the lowest rates ever, with 30-year fixed rates hitting 3.6%.

New soccer stadium could cost up to $157m (Washington Post) Greater Washington Sports Alliance says a new stadium could also generate up to $7m a year in revenue for the city with a 24,000 seat stadium.

Friday, June 1, 2012

Construction is underway on the Park Chelsea, located on 880 New Jersey Ave. SE, bordered by Second St. and H St. (also known as Square 737). W.C. Smith + Co.’s development includes 13 floors, 432 units and three underground parking levels with 430 parking spaces. The development also includes plans to extend I Street between Second St. and New Jersey Ave. and connecting H Street into New Jersey Ave. Esocoff & Associates is the project architect. The project is expected to be completed two years from this fall.

The development, located between the Navy Yard Metro and the Capital South Metro, includes various amenities such as a bicycle maintenance facility, fitness center with a yoga studio, a rooftop garden and a cornucopia of pools reaching for that “luxury apartment building” status. Well, there are only two pools, but one’s on the roof and the other is a 75’ indoor lap pool.

This sort of “luxury” construction is new to the area, according to project manager Brad Fennell, though development of the southeast ballpark area is not. Regardless, Fennell thinks this will help create new standards in an area that’s not quite known for architectural prowess but contains a draw of the waterfront, the waterfront park, of course, the National’s stadium.

“I think it sets a new standard for the architectural standard in the neighborhood. I think the units that came before it have reflected the emerging nature of the neighborhood,” said Fennell of the building that bears some obvious resemblance to Esocoff's projects in the 400 block of Massachusetts Ave., NW.

The new development will connect I St. to its other half at New Jersey Ave. and connect H St. to New Jersey Avenue, which will extend the east of reaching the west side of the city and disconnect the loop that now exists.

Because of the new street connections, “the project entails relocating some deep utilities as sort of the pre-cursors, and once that work is complete then we can begin building,” Fennell said. “There’s a deep sewer that currently runs under the street that has to be re-routed."  After completing that unpleasant but necessary work, Fennell said construction on the street and the development will be in full-swing.  He continued to say the new street connections “will help strengthen the east-west connection through the city.”

It should be noted that M St. is connected past New Jersey Ave. as the main thoroughfare, but K and L Streets, one and two blocks south, respectively, are also connected past New Jersey Ave.

Nonetheless, it could help to mitigate traffic and, if nothing else, remove the existing I to First to H loop.

“We think it’s positive for the city,” said Fennell.

Washington D.C. real estate development news
Former chat show queen turned struggling tee-vee network owner Oprah Winfrey may be downsizing her property portfolio in her long-time home base of Chicago, IL but according to The Bizzy Boys at Celebrity Address Aerial (and some additional research into the property records by Your Mama) the big-livin' billionairess continues to spend boo-coo bucks enlarging her somewhat remote ranch near the community of Kula on the Hawaiian island of Maui.

As best as we can surmise from public property records, Miz Winfrey's ever-expanding Hawaiian hideaway currently encompasses at least 31 parcels that combined span just over 782 acres. Most of the the various parcels are contiguous although some key pieces remain missing from the middle of her property puzzle and Your Mama would fall off our inflatable donut with shock if over the next few years she didn't drop a substantial wad of dough to snatch those up too.

Although some of the property records are a mite confusing, Miz Winfrey has, buy our rudimentary and unscientific calculations, spent at least $44,000,000 and perhaps more than $60,000,000 on the various properties that altogether have at least a dozen homes and scores of outbuildings and farm-related structures. She's had at least one of the many houses on her ranch photographed for her magazine.

Property records indicate Miz Winfrey first starting buying up property on Maui in October of 2003 when she shelled out $5,300,000 to purchase a pair of adjacent parcels that combined span 23.7 acres and include a recently re-built compound with an 8,838 square foot main mansion plus at least 3 additional structures.

Over the last nearly 10 years Miz Winfrey has steadily bought up dozens of surrounding properties. Some of her most recent acquisitions came in March 2011 when she snapped up three vacant parcels that combined measure 24.5 acres and cost $3,300,000. At just about the same time she picked up a 12.57 acre spread with a 4,253 square foot house (plus equestrian facilities) for $4,400,000 and just about a month later she dropped another $4,500,000 on a 6.87 acre spread with a couple of modestly-sized residences.

Most of Miz Winfrey's Hawaiian holdings are contiguous but there remain a healthy handful of key properties missing in the center of her real estate puzzle that Your Mama would be shocked if she doesn't purchase in the the not so distant future.

After years in Chicago (IL) where her eponymous and insanely influential talk show taped, Miz Winfrey now makes her primary home at The Promised Land, a 42-acre, fully-landscaped estate in Montecito, CA with a 23,000(ish) square foot mansion, numerous outbuildings and a distant, sparkling view of the Pacific Ocean. She paid, so the story goes, around $52,000,000 for the property which carried 2011 taxes of more than $886,000.

Miz Winfrey still owns her long-time, 4-unit combination Chicago duplex at Water Tower Place as well as a 4,607 square foot Streeterville condo she bought in 2006 for $5,600,000 and recently (re-)listed for $2,800,000. It's now in contract. She also owns a number of less significant properties in Tennessee, Illinois and Indiana, most of which are believed to be occupied by family members.

Real estate watchers expect Miz Winfrey will eventually purchase a posh pied-a-terre in Los Angeles since the commute from Montecito to her OWN offices in L.A. is considerable, ninety minutes on a good day by car. Of course, she may be holding off to see if her limping network is going to sink or swim. We shall she, puppies, we shall see.

Construction halted on 1336 H Street NE today when the building’s brick façade collapsed onto the sidewalk.

No one was hurt in this morning’s collapse, which occurred during an “emergency façade repair,” according to building owner Mark Rengel, who also said the building will mostly likely become a restaurant.

Both Rengel and ANC 6A chair David Holmes said they knew the building could easily collapse, and Holmes said ANC 6A filed a report stating this.

“The façade’s been crumbling for 20 years,” Rengel said. “I had an inclination this was gonna happen … gravity helped us out.

“They did have it caged off and fenced in,” said D.C. Fire Battalion Chief E.R. Mills III.

The bricks from the second floor of the building littered the ground, and a metal garage door was torn from the building. It landed on the scaffolding, knocking out an important metal pin holding it together. Since the scaffolding is two stories tall, it presented the problem of collapsing onto the street into traffic.

The right lane of H St. heading west has been closed for drivers’ safety.

Holmes said the ANC filed a report with DCRA this past September, claiming the building’s façade was on the verge of collapse and presenting a danger to pedestrians and drivers alike on H St. He said the report was not only ignored but insulted, drawing insults such as calling the ANC members “Chicken Little.”

“They were contemptuous of our report,” he said.

DCRA building inspector Delaine Engleberg said it was safe for the construction to resume at noon but suggested an engineer check the back wall of the building. She said the construction team was working on removing the façade anyhow. The only unsolved problem is the scaffolding.

She said only Helder Gil could offer further comment, but he could not be reached by press time.

Washington D.C. real estate development news

...Johnny Depp has been hanging around Nashville, TN and just may want to set down some real estate roots in the country music capital.

The Kentucky-born, Oscar-nominated actor (Dark Shadows, Pirates of the Caribbean, Alice in Wonderland), who recently vehemently squashed rumors and tabloid reports he and his French lady-mate and baby momma Vanessa Paradis were on the fritz, is a serious real estate baller with a fat portfolio of luxury properties around the globe so it wouldn't be such a crazy surprise to Your Mama if he wanted a house to call home in Nashville.

The famously private couple maintain a residence in the upscale Paris suburb of Meudon, a remotely situated villa in Plan-de-la-Tour, about 10 or 12 miles from St. Tropez in the South of France, and an all-but-undeveloped 45-acre private island in the Bahamas called Little Hall's Pond Cay. In Tinseltown Mister Depp owns at least 5 of the 7 houses on a curvy cul-de-sac just above the Sunset Strip in West Hollywood including a multi-acre compound with a spooky-looking chateau-style mansion built in 1922.

Insurance is protection against unexpected expenses and insurance policies are available for nearly any scenario you can envision -- even your own ransom. But just because an insurance policy is available, that doesn't mean you should buy it.

Some insurance policies give you good bang for the buck. Others are plain wasteful.

In this 3-minute segment from NBC's The Today Show, you'll hear of several common insurance policies and their relative merits to people of WA who purchase them.

For example, Americans will spend an estimated $450 million on pet insurance this year. Because of the policies' restrictions and deductibles, though, it's an insurance policy that rarely pays off. This is one reason why financial experts often recommend that you pass on purchasing pet insurance.

Within the segment, other reviewed insurance policies include :

  • Mobile phone insurance
  • Flight and travel insurance
  • Extended warranties for electronics
  • Umbrella policies
  • Renters insurance

There's also discussion about home warranties, and why you should avoid policies that last longer than one year.

Insurance should be an important part of your overall financial plan. However, the key is to have the proper policies in place, with an appropriate amount of coverage. Review your policies annually and keep your coverage current.