Towers rise in US cities as condos make a comeback
First-time home- owners flocking to urban settings are helping fuel demand
Thu, Jun 12, 2014 - 6:00 AM
Common sight: Construction cranes spike the skylines of US cities including Washington, New York, Los Angeles, San Francisco, Houston and Miami as financing gradually returns to a real estate class that lenders shunned for years. - PHOTO: AFP
[LOS ANGELES] For the first time since the US housing crash, new condominium towers are sprouting in downtown Boston, Seattle and Los Angeles as developers bet on the return of the riskiest type of residential real estate.
Buyers are signing deals to reserve units in two new high-end...