January 2010 Vol. 8, No. 1
The January 2010 issue of New England Condominium magazine focuses on Management.
In this issue, you can read about managing luxury apartments, distressed properties and Malden, Massachusetts.
Visit our archives to see other articles that were published in 2010.
News Briefs
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01.20.10 The credit crunch has kept a couple from realizing their dream of turning an old laundromat in Bangor, Maine, into green condominiums.[Wcsh6.com]
- 01.16.10 Condominium owners in Portsmouth, NH, are not being notified of public hearings that could affect their views, increase neighborhood traffic, block their sunlight and diminish property values. [Seacoast online]
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01.06.10 Questions about ownership, construction, zoning and old permits at the Woodlands condominium complex in Clinton, MA, have prompted Building Inspector Tony Zahariadis to issue a stop-work order on the troubled project, which was started nearly 10 years ago. [Worcester Telegram]
- 01/04/10 The former business manager of a Ledyard, CT, condominium association who police said stole $226,000 and had a serious gambling habit entered a not guilty plea Monday in New London Superior Court. [Norwich Bulletin]
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12.14.09 City councilors and other Fall River, MA, officials reacted with surprise to last week’s announcement that another $2.15 million needs to be paid on the Kuss Middle School eminent domain taking... That ruling ordering the city to pay new damages focused on probable conversion of industrial property and how many condominiums the Zoning Board of Appeals would likely have allowed Chace Street Inc., the property owner, had the city not taken the land by eminent domain. [Herald News]
- 12.07.09 An Andover condominium association, a property management company and two people have been charged by the Department of Housing and Urban Development with discriminating against families with children. [Banker & Tradesman]
Featured Articles
Malden Massachusetts
When people mention “suburbs,” it’s not uncommon to think of quiet towns – bedroom communities – lacking the vibrancy of the nearby city that residents head off to each
morning. Malden, Massachusetts, however, though only a 12-minute train commute
from downtown Boston, is defying that stereotype. “Malden,” says Mayor Richard C. Howard, “is a city of opportunities” working to beautify and improve itself. Thanks in part to his long-term mayoral
leadership, the city is succeeding in doing just that, particularly in the
areas of schooling and housing.
Read More
Managing Distressed Properties
In today’s difficult economy, more and more homeowner associations are facing the
prospect of dealing with some form of distress. Whether it’s physical distress from lack of funding for repairs or financial distress from
foreclosures and declining property values, these problems affect not just
individual homeowners, but the entire condo community. There is simply no such
thing as a distressed unit owner who does not impact those around him.
Read More
Million-Dollar Management
At the vast majority of condominiums, a management company’s duties can be fairly straightforward – maintain the common areas, advise the trustees about operations, and keep
financial documents and other records. But in the rarified atmosphere of $1
million-plus condominium units, the management team takes on an expanded role.
Managers become home service experts, performing a myriad of tasks that are
customized to individual needs. Management becomes such an integral part of the
luxury lifestyle that it’s even touted in the marketing campaigns.
Read More
