Jul 08 2008
Mosler lofts is the latest new construction condo building to be hit by a lawsuit in the
Mosler Lofts also has been hit with a separate lawsuit from Kroll Map Co., whose is located adjacent to Mosler lofts. The lawsuit indicates the builder did not do promised work on Kroll’s Map building. It also failed to properly protect the building from construction related impacts.
Jun 23 2008
Received a call today from Bernard Troy of King 5 news. He is doing a story on Madison lofts and how prices are dropping. I gave him inputs about other projects where we are seeing price drops also.  One of the projects I mentioned is the Cosmopolitan where I happen to own an investment unit. Â
 Buyers might be able to get a better deal on a condo that is 2-3 years old than buying new. But isn’t this the case with buying a new car! If you buy a car a couple of years old you can get a significant price savings, but car buyers do buy new cars. Why? because they like the feel of a new car.  This seems to be the case with condos and houses.  Â
May 07 2008
The Clise family who owned a big chunk of prime real estate in the Denny Triangle close to the Valcan projects currently under construction has decided to remove the land from the market due to the recent change in the real estate and financing markets. As reported in the Seattle Timesit could take up to 15 years to develop a property that large.
Mar 29 2008
The development team of ESCALA, the 31-story mixed-use luxury condominium project in downtown Seattle’s Midtown district, celebrated a construction milestone this week as the building rose above street level.
The eight floors of underground parking at ESCALA are complete and the ground floor of the project has been poured. The crew is currently pouring the mezzanine level and will next start work on the second-story level to be fully occupied by the private city club Club Cielo. The construction rate will proceed at a little over a week per floor for the residential units after Club Cielo’s level is complete.
“This is a major milestone for ESCALA and urban living in Seattle Continue Reading »
Mar 18 2008
There was a email sent to me today from the Ava sales team informing me that the Executive Group and Fana Development Group received the Master Use Development Permit with unanimous support of the Seattle Design Review Board for Continue Reading »
Mar 18 2008
Seattle condo buyers don’t get too excited yet, because even though the fed cut the rates it does not mean the mortgage rates will go down the same amount to buy that Seattle condo.  Investors don’t want to get locked into long term investments with low interest rates if we have high inflation. Despite a reduction of 2.25 points since September in interest rates we have seen little fluctuation in l Continue Reading »
Mar 17 2008
There is a free downtown condo tour so potential buyers can see the latest new developments and conversions that are or will be available in the Seattle Condo market. They are also providing participants with a complementary shuttle service to take you from one sales center to the next.
Buyers should put their realtors name on the sign-in forms, so they can be represented and have a realtor of their choosing to represent them. Many projects have restrictions on your realtor representing you if you did not include their name on the first visit and registering is a way for them to monitor this.Â
The Seattle Condo tour provided me with this press release:
Fisher Communications is proud to announce that the Seattle Condo Tour is back and Continue Reading »
Mar 14 2008
Rumor is that some  builders in the Seattle and Bellevue area are offering price guarantees for units in their buildings. I wanted to find out exactly how this worked so I contacted the Trio Sales center to find out right from the source. The Trio is located at Denny and Western where Belltown, Queen Anne and the waterfront converge. I was informed this is how the guarantee works: Continue Reading »
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