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…
Tag: condos
Renegotiating and Walking Back to Olive8
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…
Checking Up on That 2010 Downtown Condo Dream
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…
Tacoma Condo Project Foreclosure Auction Reveals Grim Reality
How bad is the condo market in Tacoma? Pretty bad. Recall this article from June: Tacoma Luxury Condo Project Headed for Foreclosure The Esplanade, a nine-story condominium on the west side of the near-downtown Thea Foss Waterway, has until Aug. 21 to escape from the imminent foreclosure, said sources close to the project who were…
Some Luxury Condo Developers Finally Dropping Prices
Another great story in the Seattle Times today by Eric Pryne: Bellevue Towers, other new condo projects cutting prices The developer of the region’s tallest luxury condo towers says it’s cutting prices an average of 20 percent in hopes of kick-starting sales. Only 43 of the 539 units at Bellevue Towers in downtown Bellevue have…