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UPDATE: Developer says he has purchased Hara Arena

Michael Heitz, a Lexington-Ky.-based developer, has bought Hara Arena, Heitz said Wednesday.

Heitz said he bought the income tax liens from Montgomery County and hopes to close on further liens from banks on Friday.

RELATEDMoney troubles surround Hara Arena: What we know

Asked about his plans for Hara and its 120 or so acres of property, he said: “No 1, clean it up and secure the property.”

He declined to say what he has invested in the site thus far. 

The Dayton Daily News reported in March that Hara property owners-trustees owed back taxes and around $350,000 to banks.

Heitz typically buys distressed properties and gets them “shovel ready” for users. He said he plans a Monday afternoon press conference to discuss his purchase and his plans.

RELATEDHara redeveloper will face challenges 

Hara closed in 2016, taking with it a $36 million annual economic impact and decades of memories.

Heitz has purchased other local properties, such as the Rita Construction building in North Dayton, a former inn at Wagner Ford Road off Interstate 75 and the old Executive Lodge at 2401 Needmore Road in a similar tax lien sale.

Heitz may be best known locally for demolishing the former Howard Paper plant smokestack off Edwin C. Moses Boulevard in 2011. He said he drove by that property for years on I-75 before deciding to do something about it. He finally bought it on July 1, 2010.

RELATEDHeitz conducts business with a handshake

“I thought it gave Dayton a bad rap,” Heitz told the Dayton Daily News in 2013.

Heitz also prepared North Dayton property where Dayton Children’s Hospital is building a two-story clinic, a project that ended up mired in a legal dispute. 

Dayton Children’s Hospital sued Heitz and his firm Garrett Day LLC,  alleging the developer defrauded the hospital when it didn’t properly clear the site at the corner of Stanley Avenue and Valley Street.

LUXURY HOMES IN DAYTON AREA

PHOTOS: Check out this luxury Washington Twp. home

PHOTOS: Check out this luxury Kettering house with home theater

PHOTOS: See inside the former manstion built by Charles F. Kettering

You won’t believe the inside of this INCREDIBLE Oakwood house

This $2 million Warren County estate is a rural paradise with a resort-style pool

Lance Armstrong's former Austin home on the market for $7.5 million

Want to live in Lance Armstrong’s old house?

>> See a video slideshow of the home here

The cyclist’s former home in west Austin, Texas, is on the market for $7.5 million. According to CultureMap, it was originally listed two years ago for $8.25 million.

>> On Austin360.com: See a photo gallery of the home

The six-bedroom, 7.5-bathroom home across the street from Pease Park was built in 1924 and has since been remodeled. The 8,158-square-foot home has a pool with a fountain, a pool house with a full bathroom and kitchenette and a covered outdoor living area.

>> Read more trending news 

Read more here.

Photos: Inside $550K Lion Gate Estate, whimsical home with carpeted ceilings, vintage cars

In the market for a whimsical $550,000 home with carpeted ceilings, vintage cars and statues lurking around every corner? No? You'll still want to check out the now-viral listing for Detroit's Lion Gate Estate. Trust us.

6 money-saving hacks for apartment renters

From the moment you start searching for an apartment until your last goodbye to the landlord, there are numerous fees, utility costs and more than can make having your own place a little more expensive than you planned.

>> Read more trending news

There are several money-saving hacks to trim some of those added costs, according to frugal bloggers, lifestyle pros and real estate experts.

Each one of the tips below will help you save a little money so that you can save toward splurges and bigger goals− like homeownership.

1. Check out rentals in the chilly months.

While November through February offer fewer rental options, you can strike a deal for a lower rent more often and more easily in the winter months, according to Lifehacker. Landlords have to look harder for tenants in these slow apartment hunting months, so they might be more willing to take less rent or a lower deposit, or to offer a few extra services than what you'd get in spring and summer.

2. Choose floor No. 2. 

While conventional wisdom indicates saving money by opting for a floor that's higher in the building, that cheaper rent could push your other bills higher, according to the Wise Bread blog. Choosing the second floor of a place with three levels of units saves dramatically on the utility bill -- far better than getting a nominal rent break. The best insulated floor of three is the second, which is particularly important if you'll be paying for air conditioning in the sunny South.

3. Power down on the electric bill.

If you're responsible for the electric bill at the apartment, hack away at it, real estate website Trulia advised. Be sure to identify energy sappers like appliances that use a remote control or an external power supply or have a continuous display, Trulia said. All of them continue to use electricity even after they're turned off. To save as much as $150 on your power bill annually, invest in a smart power strip and plug in such devices as TVs, cable boxes and game consoles to cut off "phantom power" at the source.

4. Save on renters insurance

You could always save on renters insurance by forgoing it altogether, but that leaves you open to losing all you own, according to The Balance. Instead, get the insurance, but economize by exploring professional discounts if you are in a profession such as police officer, firefighter, teacher or nurse or are a credit union member or retiree.

If you haven't already chosen where to rent, you may want to opt for apartments near a fire station, in a low crime area or in a newer building to further reduce your renter's insurance.

5. Make a movable bathroom floor upgrade

A lot of the most affordable apartments, and even some of the pricier ones, have unattractive, cold or warped bathroom floors. To keep from losing your deposit by altering the actual bathroom floor, consider making an inexpensive deck tile upgrade that merely rests on the floor and can be used at your next place, too, RentManager.com suggested. And instead of cutting tiles to fit that specific floor, fill in the hard-to-fit nooks and crannies with black river rocks.

6. Walk through on your way out. 

Make time to schedule a walk-through at the empty apartment before you're gone for good, Wise Bread recommended. Look at the place with your apartment manager, and review any charges you might incur against your deposit and any outstanding bills. While it's tempting to avoid the face-to-face even if you've had a wonderful rental experience, having the supervisor sign off on notes from your conversation lays the groundwork for protests far better than waiting to get the refund in the mail.

RELATED: Don't phone it in: 5 hacks for getting the best mobile phone plan

Could flood-ravaged Houston become jackpot spot for HGTV?

The thousands of flood-damaged homes across southeast Texas could bring a boom to at least one Lone Star industry.

>> Read more trending news 

Some real estate investors are counseling buyers to purchase homes damaged by Hurricane Harvey, pay for the repairs and then resell them, according to Reuters.

These property “flippers,” as they’re known in the industry, expect to take advantage of a tight housing market, especially in Houston, to reap a potentially substantial profit, Reuters reported.

Ray Sasser, a real estate investor and advisor, followed a similar plan advisors are currently reemploying to attract the home front venturers when Tropical Storm Allison struck Houston in 2001.

He bought several homes -- some for as low as 30 percent of their market value -- selling many of them a year later at full market price.

RELATED: Houston suburb tops best value neighborhoods list

At a recent Houston real estate seminar, Sasser revealed his plan to purchase 50 flooded homes for pennies on the dollar, invest 15 to 20 percent for repairs, aiming to then turn them back onto the market in a short time.

With an estimated 268,000 homes suffering some damage due to the floods, what was a tragedy for a significant number of Houstonian homeowners may be a lucrative opportunity for eager flippers.

Many homeowners may consider walking away from their damaged homes with whatever cash they can get, so flippers can buy properties at near-record-low levels.

Meanwhile, the tight nationwide housing market, combined with Houston’s diverse economy and growing population, are creating ideal conditions for flippers to find buyers.

As new homes go up on the old sites, flippers may also be looking at quick sales for prices at or near full market value.

RELATED: Some Houston neighborhoods better for investment return than others

For homeowners looking to sell their damaged homes, the Better Business Bureau posted some advice on how to avoid scams on its website, including the following:

  • Checking if the company has a local office
  • Meeting in person at the buyer’s office to learn about their processes
  • Avoiding paying any “application fees” or “processing fees”
  • Contacting the buyer’s lender to see if they have the funds to complete the purchase
  • Examining the contract to ensure that the seller is no longer obligated to make mortgage payments

Read more at Reuters.

Springboro council OKs $380 million Austin South deal

The Springboro City Council gave the green light Thursday on development of the $380 million Austin South Springboro.

The council voted after developer Larry Dillin unveiled the project publicly for the first time.

With two members absent, the council approved a resolution 5-0 authorizing City Manager Christine Thompson to sign the development agreement with Dillin’s companies.

Those companies are VisCap - the company under which Dillin is developing and leasing on both sides of Austin Boulevard since taking over for developer Randy Gunlock and RG Properties - and Springboro Landing Associates - the company owning the 63.7 acres in Springboro city limits and 3.5 acres in Miami Twp.

“This is a wonderful thing for Springboro,” Mayor John Agenbroad said.

RELATED: Springboro ready to approve Austin South development

Now the city and Dillin’s companies begin a contingency period of 90 to 180 days expected to lead to arrangement of financing for the project. Annexation of the Miami Twp. land into Springboro is among the contingencies.

By late spring 2018, the project could be breaking ground.

It comes as Dillin concludes work at Austin Landing, a mixed-used development at Austin Boulevard across from the new project site along Interstate 75.

RELATED: Austin South could spur $350 million in development

Springboro is to finance more than $32 million to pay for roads and other infrastructure.

Dillin, his investors and the companies moving to the development are expected to put in as much as $350 million, according to the development agreement released this week.

Upscale senior and multi-family housing, a hotel and retail are among the uses anticipated in the first phase of the 67-acre development on the southeast corner of Interstate 75 and Austin Boulevard, in Springboro and Miami Twp.

RELATED: Council traveled 2.5 hours for meeting at Levis Commons

Dillin and the city reached agreement after setting aside terms of a settlement reached by the city and the prior developer, R.G. Properties, in a lawsuit about plans to build a WalMart there.

RELATED: Springboro ready to negotiate on property across from Austin Landing

The development agreement sets a schedule of payments to Miamisburg City Schools, starting in 2021. Payments of more than $3 million would be in lieu of taxes on the improvements that are to be diverted through tax incremental financing to help pay for the development.

The development is to be accessed off Austin Boulevard by an entrance across from one leading into Austin Landing and allowing no left turns for westbound motorists. A full entrance would be built off 741, Main Street in Springboro.

Dillin is also expected to be involved in redevelopment of Springboro’s central crossroads, Main Street and Central Avenue, Ohio 73 in Springboro.

RELATED: Architect hired to redesign former Springboro IGA shopping center site 

Barack Obama not looking to buying Kennedy’s Martha’s Vineyard estate

Despite rumors, former President Barack Obama is not looking to purchase a home on Martha’s Vineyard, Business Insider reports.

>> Read more trending news

Obama’s spokesperson, Kevin Lewis, denied reports that the former first family was looking to purchase a vacation home.

The Boston Globe reported earlier in the week that the “word around the island” was that the Obamas, who have vacationed on the island off the Massachusetts’ coast multiple times, were looking for homes in the rural communities of Aquinnah, Chilmark and West Tisbury.

>> Related: Sasha Obama works summer job on Martha's Vineyard

The Globe listed properties owned by Caroline Kennedy and her husband, Edwin Schlossberg, as ones of particular interest to the Obamas.

>> Related: Barack, Michelle Obama sign multimillion-dollar book deal with Penguin Random House

Kennedy owns two parcels of land, which were both originally part of Jacqueline Kennedy Onassis’ 366-acre estate, Red Gate Farm. Both pieces of property are currently on the market for $12 million and $15 million, respectively.

Donald Trump's childhood home in NYC listed on Airbnb

President Trump’s childhood home, located in Queens, New York, has been listed on home rental website Airbnb. The house is in the Jamaica Estates neighborhood.

>> Read more trending news

The listing provides a short history of the house, which was built by Trump’s father, Fred:

President Donald J. Trump’s childhood home. In 1946, Donald Trump was born to Fred and Mary Trump and brought home to Jamaica Estates. Here they lived, in a home built by Fred himself. This is their home. Five bedrooms, 3.5 bathrooms, 14 beds and 2 sofa beds.

The house is conveniently located for those who wish to visit the city during the day and retreat to a calmer scene at night.

>> Earlier story: Donald Trump's childhood home goes on auction block

According to an earlier listing, the 2,500-square-foot house features "a brick and stucco exterior and an old world charm interior featuring arched doorways, hardwood floors, five bedrooms, four and a half baths, library, living room with fireplace, formal dining room, basement and more."

Anyone who’s interested can rent the house for $725 a night. They can also stay longer and receive a weekly discount of 20 percent and a monthly discount of 40 percent.

If one is looking for something a little bit more permanent, Chateau Des Palmiers, Trump’s St. Martin-based estate, is selling for $11 million cheaper than its original asking price.

‘Charlotte’s Web’ author E.B. White’s Maine home listed for $3.7M

The Maine barn from the beloved children’s book “Charlotte’s Web” is officially on the market.

>> Read more trending news

Listed at $3.7 million, the New England property, including the beautiful barn, was home to late author E.B. White. It was where he lived with his wife until his death in 1985, according to an online exclusive from Yankee Magazine.

Since then, Robert and Mary Gallant have made the lovely Allen Cove farmhouse in North Brooklin, Maine, their home.

“It’s clear they do not want to leave,” Yankee Magazine writer Mel Allen penned. “They know they should. It is time, they say, to downsize to one home and live closer to their four children and seven grandchildren, who remain in the Carolinas.”

» RELATED: For sale: ‘Scariest’ lodging in America, iconic Clown Motel 

So now, decades later, the Gallants want another family to love the home the way they have.

The more than 200-year-old New England property has the original swing hanging by the doorway (the same one that E.B. White’s character Fern enjoyed) and, Allen wrote, “there may or may not be a spider spinning her web in the darker corners of the rafters.”

It includes 12 rooms, six working fireplaces, three and a half bathrooms and a wood cook stove.

» RELATED: President Trump’s Caribbean estate selling for $16.9 million

The 44-acre saltwater farm also features views of the bay and mountains of Acadia National Park, a sun porch, a boathouse with a dock and more.

The House at Allen Cove listing is priced at $3.7 million.

According to The Associated Press, Down East Properties listing agent Martha Dischinger said Wednesday the property retains many historical touches, and the owners maintained the gardens tended by E.B. White’s wife, Katharine, before her death in 1977.

Read the full Yankee Magazine exclusive at NewEngland.com.

President Trump’s Caribbean estate selling for $16.9 million

President Trump’s St. Martin estate, Chateau Des Palmiers, has run into some issues selling since being listed in May.

Since its initial listing for $28 million on Sotheby’s International Reality, the price for the estate has dropped more than $11 million to $16.9 million, reports Business Insider.

Chateau Des Palmiers is a beachfront property that contains 11 bedrooms and 12 bathrooms. A listing on 7th Heaven Properties provides details about the property for potential buyers:

Located in a highly exclusive gated enclave a direct beachfront location, the world-class residence comprises an ocean side villa, a garden side villa and a manager’s house, plus a wide range of amenities, including: a huge heated pool, an open air and air conditioned fitness center, a tennis court, and covered outdoor bar, billiards and dining areas.

Trump purchased the property for an undisclosed amount in 2013.

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