August 22, 2008 – 5:22 pm
The Arizona Republic recently reported on infrastructure problems at the high rise condo building Landmark on Central and alleged misrepresentation by sales agents at both Landmark and the downtown high rise condo building Orpheum Lofts.
I certainly can not defend the situation or the conditions at either building. We have been hearing rumors on problems with [...]
August 19, 2008 – 2:03 pm
There have been numerous newspaper articles reporting on the financial woes for Avenue Communities and its downtown Tempe high rise condo developement, Centerpoint.
What I have not understood is how can a project that has sold 20-25% of its condominiums over the last three years survive current market conditions AND the bankruptcy of its construction lender?
But I’m starting [...]
August 14, 2008 – 2:19 pm
I just got a call from a woman who is in escrow for a condo at Century Plaza High Rise. She claims that the developer does not have permanent Certificates of Occupancy but rather Temporary Certificates of Occupancy. This makes sense to me as I wondered how the City of Phoenix could issue permanent Certificates [...]
August 3, 2008 – 11:25 pm
Several articles have run recently regarding the financial challenges facing Centerpoint High Rise community in Tempe.
The gist of the articles suggest that all is fine with the development per Ken Losch, one of the principals of Avenue Communities, the developer of Centerpoint. In general, these kinds of articles don’t really offer any kind of substantive [...]
Owners and renters at Summit at Copper Square have been dealing with the sometimes nostalgic but at times jolting sound of train horns at 3:00am right outside their bedroom windows now for about six months. Owners have complained that the builder of Summit at Copper Square did not adequately disclose the condition and have threatened [...]
Biltmore Square, located at 1701 E. Colter Street (just north of Camelback) in Phoenix was one of the very last developments to squeak throug the real estate boom door before it slammed shut hard. It was approximately December 2005 that investors lined up and fought one another for the opportunity to buy at this apartment [...]
Cyril Moulle-Berteaux wrote an article for The Wall Street Journal that has been shot round the world by real estate agents and mortgage lenders alike for the last couple days. The title of the article is “The Housing Crisis is Over.” Now you know why agents are touting it so much.
In it Moulle-Berteaux [...]
I don’t want to keep harping on the same subject but things are out of hand.
In the last seven days I have helped two different clients rent high rise condos which ain’t bad. What’s bad is that it would have been three leases in seven days if the listing agent of a Vale condo [...]
Yesterday I wrote a blog warning landlords of high rise and loft condos that some real estate agents and property managment companies are doing a very poor job of getting back to prospective tenants and/or their real estate agents. In the post I had given the benefit of the doubt to the agents musing [...]
I had an extremely frustrating experience this past weekend and today. I called and left messages for two different “property management” real estate agents this past Saturday to make arrangements to show the high rise condominiums that they had listed for rent. Neither one of them called me back until Monday!
Now, I know [...]
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