The Lumen Condos auction was held today. 19 units were being advertised, but only 16 were auctioned off. Coverage of the event is plentiful, so rather than rehashing, I’m just going to provide a few links: Findwell: Lumen Condos Sell Out at Auction BizTalk (PSBJ): Lumen condos sell at auction Urbnlivn: Lumen Auction Results +…
Tag: condos
Weekend News Roundup
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, thanks…
Tacoma Luxury Condo Project Headed for Foreclosure
Regular readers may recall this post from last October: Construction Defaults Over 10%, Tacoma Condos Empty. Tacoma News Tribune: Downtown condo sales at a crawl How’s the market for condominiums in downtown Tacoma? “What market?” says Judy Mayfield, head of sales for The Esplanade, the 162-unit project on the Foss Waterway, now nearing completion. After…
Weekend Roundup: Empty Condos, Story Updates, & a Rosy Forecast
Got a few interesting stories for you today. First up, from the Puget Sound Business Journal: Seattle, Bellevue luxury condominium towers are slow to fill up Three-quarters of the new condos at five major buildings in Seattle and Bellevue are unsold, leaving developers in a high-stakes battle to unload millions of dollars worth of homes….
News Roundup: Time to Rent, Tax Credits, Indices…
Here are a few relevant news stories that have popped into my inbox in the last few days: Money Magazine: When it makes sense to rent (Seattle is #1—woo!) Seattle P-I: Tax credit down-payment plan waiting for IRS Seattle P-I: Dueling indexes: How much are Seattle-area house values down? USA Today: Condo market fights to…