NYCHDC Eyes Failed Condos
While many market-rate developers are mulling opportunities to buy distressed condominium deals, some in the affordable housing world are also keeping their eyes open.
Nightmare at Pond View Village
GLOUCESTER, MASS. - Bob Gillis has learned the hard way about the risks of building and selling highend condominiums. “It’s a tough business, and you have to have the nerves for it,” he said.