It’s time once again for the monthly reporting roundup, where you can read my wry commentary about the news instead of subjecting yourself to boring rehashes of the NWMLS press release (or in addition to, if that’s what floats your boat). To kick things off, here’s an excerpt from the NWMLS press release: Western Washington…
Tag: Business Journal
A Ceiling for Seattle-Area Long-Term Appreciation Rates
photo source: Public Records(Look familiar?) The Puget Sound Business Journal and the Seattle Times both spent some print this weekend on the tale of a mega-mansion on Mercer Island (1631 Roanoke Way, 98040) that sold last month for $12 million. Of course, the angle of most of the local press I saw on the sale…
Details on Escala’s Exit from Fantasy Land
Kirsten Grind over at the Puget Sound Business Journal posted a more detailed update yesterday on the 180° strategy turnaround at the upscale downtown condo complex Escala that we mentioned a month ago. Escala cutting condo prices by 50 percent Downtown Seattle condominium tower Escala will lower prices by as much as 50 percent on…
An Unprecedented Level of Openness in Government
Apparently, this is what “an unprecedented level of openness in Government” looks like: Via Kirsten Grind at the Puget Sound Business Journal. The Puget Sound Business Journal for months has asked the Office of Thrift Supervision (OTS), the federal agency that regulated Washington Mutual, to release internal communications between WaMu’s regulators. … On Wednesday, an…
Why was WaMu really closed, and what are the FDIC & OTS hiding?
On Friday the Puget Sound Business Journal posted another great piece by Kirsten Grind on all the shady dealings that went on behind the scenes in the WaMu shutdown ordeal. The piece, titled The Washington Mutual decision is currently available on their site only to subscribers, but over on Portfolio.com (one of their sister sites)…