FYI, I will be migrating the website to a new host this weekend. During the migration I will likely disable comments to avoid anything being posted and lost during the transition. Hopefully things should be fully operational again by the end of Saturday with minimal disruption, but be aware that it may take some time…
Month: July 2009
Drive by sign of the times
Everyday for well over a year I drive by this development hovering over Hwy 2 as you head eastbound to Lake Stevens or Snohomish. I noticed this one lonely house (with paint all over it) with a tree surrounded by vacant lots. Late this afternoon on my way home from the office in Everett I…
Redfin Turning a Profit Even in Serious Down Market
Congratulations to Redfin, who announced today that they are officially profitable: The Naked Truth is Out: Redfin is Profitable Redfin was profitable last month, all while maintaining our 97% customer satisfaction. The business has been growing by leaps and bounds, in part because the real estate market has had a small rally this summer, but…
Major Local Commercial Real Estate Developer Struggling
Speaking of developers having financial trouble, the Puget Sound Business Journal has a story up today about a major local commercial developer on the rocks: Developer Mike Mastro’s troubles mount. A longtime, prominent Seattle developer is facing a mounting string of legal actions as he struggles to pay off millions of dollars in loans at…
Weekend Open Thread (2009-07-10)
Here is your open thread for the weekend beginning Friday July 10th, 2009. You may post random links and off-topic discussions here. Also, if you have an idea or a topic you’d like to see covered in an article, please make it known. Be sure to also check out the forums, and get your word…