By The Tim on March 3, 2010
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 unsold units, [...]
Posted in Local, News | Tagged Business Journal, condos, downtown, Escala, Grind, Pryne, Seattle_Times
By The Tim on February 3, 2010
April 2008: Raising Prices to Entice Buyers—wait, what? (Awesome plan, Escala!)
Developer Lexas Cos. said this week that on June 5 it will raise the asking prices 3 to 7 percent for about 70 unsold units that have been on the market since last spring.
Another 22 units that will be released for sale May 1 also [...]
Posted in Local, News | Tagged condos, downtown, Escala
By The Tim on January 19, 2010
I posted this to the Twitter news wire yesterday, but since the original story merited a full blog post back in May (Walking Away at Olive8), I thought that Andy’s thoughtful follow-up would be worth posting as well.
As it turns out, local internet entrepreneur Andy Liu didn’t end up walking away from Olive8 after all.
One [...]
Posted in Local, News | Tagged condos, downtown, Olive8
By The Tim on December 23, 2009
Here’s an interesting comparison. First, this graphic, posted here in June 2006, from a Seattle P-I article titled Booming development set to change Seattle’s look:
Then, a similar graphic from the most recent Seattle Business Magazine. The red rectangle on the first graphic shows the area that the second graphic covers.
I guess Seattle wasn’t [...]
Posted in News | Tagged condos, downtown
By The Tim on July 6, 2009
Lots of local real estate related news over the weekend worth mentioning. Here’s a brief roundup of the stories you might be interested in.
Let’s kick things off with some good news via Aubrey Cohen at the P-I. Looks like the state’s irresponsible plan to pre-distribute $8,000 tax credit is dead in the water, [...]
Posted in News | Tagged Business Journal, Cohen, condos, downtown, foreclosures, Seattle_PI, Seattle_Times, SmartMoney, Smith_Tower, walk away, Wall_Street_Journal
By The Tim on June 22, 2009
Thanks to everyone who responded to the call earlier this month from KUOW for help on their story about the soft market.
Here’s the resulting piece: It’s a Tenants Market for Downtown Seattle Office Space
There may be signs of recovery in the region’s housing market, but not so for the region’s office market. A recent survey [...]
Posted in News | Tagged commercial, downtown, foreclosures, KUOW, NPR, office space, radio, short sales
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