local real estate news, statistics, and commentary without the sales spin.
Longtime readers or followers of Seattle real estate and/or local business may remember Kirsten Grind, a local reporter with the Puget Sound Business Journal who reported extensively on the latter-day problems and eventual failure of Washington Mutual. Before leaving Seattle for New York to work for the Wall Street Journal, Kirsten put over a year…
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…
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…
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)…
Kristen Grind over at the Puget Sound Business Journal had another great article about the unfolding mess with local developer Mike Mastro: Rival banks battle over Mastro bankruptcy A legal battle between rival creditor banks over developer Michael Mastro Sr.’s real estate holdings is breaking out in federal bankruptcy court — a dispute that affects…