Wednesday Linklube: Twin Cities Builders Pull Back, Radioactive Granite, Citi Death Watch

by Alex Stenback on November 19, 2008

Charles w schneider house 
The Charles W. Schneider house is on the market for $219,000. Project anyone? Image via St. Paul Pioneer Press.

Local

Department of Duh, Volume II [The Skinny]
Jeff Allen reports on the pullback in Twin Cities New Construction: "2008 new construction permit activity is down 69.4 percent from the peak year of 2004. Year to date, only 4,754 unit permits have been issued in the region. In 2004, there were 15,561 issued by this point in the year."

Radon In Granite Countertops? [WCCO]
Turns out, your granite countertops can not only withstand a 500 degree La Creuset, but might also cook your lungs into a cancer souffle: "The stuff, the hot [granite] that I have, is about 10 to 50 times hotter than the stuff I measured in '88." And if you think that's bad, test your basement.

Utilities See More Payments via Credit Cards [PiPress]
Yet another sign that the consumer is being squeezed as the economy slows.  Good news is, energy prices declined 8.6% at the consumer level in October, and experts predict further declines in prices.

Zenith Condos Almost Ready [Star-Tribune]
The 65 Unit Zenith Condo's (across from Guthrie in the Mill District) is nearing completion.  Have you noticed? Downtown Minneapolis is quietly one of the healthiest sectors going in real estate right now.  Why? Affluent, first time buyers want to live there.

Who Will Save this Old House [PiPress]
Great story about a truly cool "Shingle Style 1890 home with a gambrel roof and polygonal tower." Unfortunately, many of these period classics get the same "great to visit but I don't want to be the one to restore it and live there" reception. Must see slideshow of the interior.

Odd Fit But Welcome Neighbor in Prior Lake [Strib]
VFW Commander turned restaurateur Lyaman McPherson is about to answer the question: Will a new England Style "boxcar diner" work in Prior Lake?

Elsewhere & Otherwise

Citi: From Bad to Worse [Portfolio]
Those of you who had Citi in your financial institution dead pool may be cashing in soon. At $7 per share, it is now worth less than US Bank, and has a market cap more than 70 million dollars less than book value.

CMBS: This is No Cave [Accrued Interest]
Don't look now, but the credit crisis is trying to make a comeback in the commercial mortgage backed securities market.

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