A reader emailed me a few weeks ago with a very interesting story, but I was unable to take the time to write up a properly-researched post. Mish has picked up the slack, and has the scoop on the likely mass default of the entire 82-unit Riverwalk condo complex in Redmond. It turns out the…
Tag: condos
25-Story Apartment Tower Built in 2001 Now a Teardown
The SunBreak broke an interesting story on Saturday afternoon: Belltown’s McGuire Apartments Killed by Flawed Construction Photo by Flickr user Nick Denny The McGuire apartment building, at 210 Wall Street in Belltown, opened its doors in 2001. Now, just nine years later, it’s closing them for good. Though the marketing copy, ironically, boasts “exceptional attention…
Video Two-Pack: Pent-Up Supply & High End Condos
Here are a couple of videos for you today. First up, Zillow Chief Economist Stan Humphries on Yahoo News: Here’s the money quote: We think that the amount of pent-up supply that we have of people on the sidelines, combined with the amount of foreclosures that we have, combined with the current negative equity rates…
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…
King 5: Alki “The Bermuda Triangle of Real Estate”
Just aired tonight on KING 5 News: Alki littered with for-sale and for-rent signs Excerpting from the online story text: Realtor Sandra VanderVen shows us a condo off Alki beach that has been on the market for a year and a half. “It almost seems like you could put a free sign out!” VanderVen jokes…