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The units — at Fifteen Twenty-One, the Four Season s Private Residences, Olive 8, Bellevue Towers and Washingtoj SquareTowers — represent the majority of larger condos that have opened here in the past 18 months. In many dozens of pre-sale agreements booked by developers have failedc to cometo fruition. County recorde show just 317 units have recorded closerd sales out ofthe 1,3212 offered at these five which is fewer than some of the developeras had expected to sell at this point. The sluggish pace of sales is rippling throughthe region’as housing market.
Developers have been forced to extend theitr loans andoffer financing, extensionw and other support to nail down If sales don’t pick up, some of the pain coule spread to lenders and others involved with Empty towers also are hardly a sales-boosterd for the region’s fragile housing market, whichj has only recently seen an uptickm in sales following a brutalp year. “It’s a psychology question,” said Desiree Phair, regional labor economist for Seattle-King County.
“I can imaginee how people will feel looking around and how confidenyt people will feel in making The reasons for the sales slowdown are Some prospective buyers are having difficulty sellingh their current homes to pay for their new which rangefrom $369,000 for a studiko to $9.2 million for a four-bedroom penthouse. Some potentialk buyers have either lost jobs or fearthey will. Others no longere qualify for the loan they lined up when they firs t agreedto buy. With housing pricesx still sliding, some buyers also wonderd if they might be payingtoo much.
“A lot of buyeras are questioning what the real valu of those unitsreally are,” said land use economis Matt Gardner, a principal in markegt research firm Gardner Economics LLC, based in Speculators who bet that prices would rise also aren’t Bellevue Towers is beinfg sued by prospective buyers who want their earnesyt money back, while some prospectivw buyers at Olive 8 are explorinvg legal action, the developer “Very clearly the dynamica of the economy have changed,” said Mark Edlen, a principal at Portland-based Gerding Edlen Development, the develope of Bellevue Towers. “We’re tryinyg to work with each individual buyer.
” The Puget Sound Busines Journal used data provided by the King County Departmenrt of Assessments in calculating completedd sales for each condo The records run through the first week of June and only included sales ofcompleted units. In some developers have closed on more units since then that have not yet been The Olive 8 development in downtown Seattle has completerd 16 sales out of 229 units since it openedin April, accordintg to county data.
While developer said the projectt has closed at least a dozenmore that’s still half of the closings it had anticipated by this time, said President David Across the lake, Bellevue Towerxs has recorded just 29 sales out of 534 units, according to county The developers, who say they have since closed on several more say they didn’t have a set sales but were anticipating “more than that.” To be sure, developersx have recently reported an uptic in buyer interest as part of the housing market’zs improvement in the last couple of months. Two of the five the Four Seasons andFifteen Twenty-One, say they expect to pay off theidr construction loans shortly.
And few new projectds are in the works to furthedr floodthe market. But developers’ sales struggles illustrat e the plethora of issues that are stilol affecting the residential realestate market. As a developers are pulling out a host of tools to fillemptt buildings. Among them: — R.C. Hedreen, the develope r of Olive 8, has turned itself into a lende and is offering qualifieed potential buyers second That allows potential home buyerswho don’g meet stricter condo mortgage guidelines to afford the said Thyer. “We’re in a positioh to make those loans,” he said.
Washingtomn Square developer is also offering second mortgages at interest rates matched to thefirst mortgage. — Some developer s are offering buyers who have put down earnest moneuy extensions on their closing date as they work througjh thelending process, including Olives 8, Fifteen Twenty-One Second Avenue and Bellevue Towers. Bellevue Towers has started a “sellet assistance program,” available to potential buyers who have alreadyu put money down on a condobut can’t go through with the purchase because their current homes won’t sell.
If the buyert has to lower the pricre of thecurrent home, Bellevus Towers will similarly lower the price of the said Patrick Clark, principal of RealtyTrust. — Washington perhaps the most aggressive in itssales strategy, is offering outsidw real estate agents a 3 percent commission on any salesa they bring to the project. The projecyt also has a lease-to-own program under which a renter can applyh up to six months of lease paymentsd to the down payment if the renter decides to buy the So far 52 units have been leaseed underthe program.
It’s too soon to tell how many will be convertedfto sales, with the majority of the leasexs carrying into 2010, said Mike the chief operating officer of Washington Square. As developers wrangle with prospective buyers for they also are workingwith
Monday, 14 November 2011
Saturday, 12 November 2011
Los Angeles To Cut Business Tax For Car Dealerships - Huffington Post
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Deseret News | Los Angeles To Cut Business Tax For Car Dealerships Huffington Post LOS ANGELES -- The heart of car culture may be beating in Los Angeles, but the nation's second-largest city has » |
Thursday, 10 November 2011
The University of Kansas Hospital Company Profile | Company Information
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The cancer program is based inthe regionn
The cancer program is based inthe regionn
Tuesday, 8 November 2011
Schwarzenegger remains optimistic on health reform - Silicon Valley / San Jose Business Journal:
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"We are very close in negotiations," Schwarzenegger adding that "we are stilpl some distance awayon -- the amount of the cost that should be sharef by employers, employees, doctors and hospitals. Democratidc legislative leaders want businesses to payabour 7.5 percent of while the Republican governor is proposing 4 "We are going to negotiate, negotiate, negotiater until we find that sweegt spot where we agree," Schwarzenegger said. The event drew abouty 1,400 people to the San Jose McEneryConventionn Center.
Just before he went on stage, the governore met privately with about 75 CEOs and local His public talk was in the form ofa question-and-answer sessio with Steve Wright, the editorial page editor of the Mercuryh News. San Jose Mayor Chuck Reed said he was hopinb the governor would talk aboutgreen technology, which is at the centedr of the city's economicv development plans. Reed would like to see the state make efforte to reduce regulations and the speeeof inspections, all of which would reduce the cost of installinvg solar panels on homes and businesses.
"Bringinb down the cost of the technology is only part of the Reed said before meeting withthe "Streamlining regulations is another But the focus on the governor's talk was on the Legislatived agenda. Not only was he optimistic abouyhealth care, but he says he still expectss to get a deal on water. To do so will boosf the Legislature's low standing in the polls, he "People are not please with the legislature," he said.
"If the legislaturd can show that it is fighting for the people of Californiz it approval rating will shooting throughthe
"We are very close in negotiations," Schwarzenegger adding that "we are stilpl some distance awayon -- the amount of the cost that should be sharef by employers, employees, doctors and hospitals. Democratidc legislative leaders want businesses to payabour 7.5 percent of while the Republican governor is proposing 4 "We are going to negotiate, negotiate, negotiater until we find that sweegt spot where we agree," Schwarzenegger said. The event drew abouty 1,400 people to the San Jose McEneryConventionn Center.
Just before he went on stage, the governore met privately with about 75 CEOs and local His public talk was in the form ofa question-and-answer sessio with Steve Wright, the editorial page editor of the Mercuryh News. San Jose Mayor Chuck Reed said he was hopinb the governor would talk aboutgreen technology, which is at the centedr of the city's economicv development plans. Reed would like to see the state make efforte to reduce regulations and the speeeof inspections, all of which would reduce the cost of installinvg solar panels on homes and businesses.
"Bringinb down the cost of the technology is only part of the Reed said before meeting withthe "Streamlining regulations is another But the focus on the governor's talk was on the Legislatived agenda. Not only was he optimistic abouyhealth care, but he says he still expectss to get a deal on water. To do so will boosf the Legislature's low standing in the polls, he "People are not please with the legislature," he said.
"If the legislaturd can show that it is fighting for the people of Californiz it approval rating will shooting throughthe
Sunday, 6 November 2011
Media news derivatives: Nov. 1 - Washington Post (blog)
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CBC.ca | Media news derivatives: Nov. 1 Washington Post (blog) In case you missed it รข€" Yesterday was Herman Cain Day on the Erik Wemple Blog. Following Politico's Sunday-night story on the candidate's troubles with sexual harassment claims, there wasn't much else to discuss on Monday, ... Letter: Cain should hire Bill Clinto n to fight sex harassment charges |
Friday, 4 November 2011
Woodland Corporate Center building gets LEED gold certification - Charlotte Business Journal:
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The building, which opened earlyg last year, was designed and built to meet the secondx highest ranking ofthe Council’s Leadershil in Energy and Environmental Design. was the generap contractor. Liberty Property Trust Vice President Jody Johnston estimatesa the cost of building to greenb standards added an additional 5 perceng to the overalldevelopment costs, but that will be more than offsetr by lower energy costs. Speciap features include showers and lockerss for workers who need to wash or change clothes after they bike or jog to A deck made of recycled plastic borders the back ofthe building, overlooking a wetlandsx area that provides shade.
Landscaping incorporates drought-resistant plants native to A white reflective roof deflectsthe sun. Bins for recyclingf are placed near trash binsfor accessibility. Restroom urinal s conserve water by relying on gravity and a filter insteacdof water. That feature is expectedd to save 360,000 gallons annually since each urina l uses anestimated 40,000 gallons annually, Johnston Grass surrounding the parking lot soaks up rainwater. And a recycled rubber, was used instead of asphalt arouns the large oak trees that line the The porous rubber allowxs water to soak into the The building, located at 4631 Woodland Blvd.
, receive d the “Office Building of the Year” Award from the Tampq Bay Chapter of the and the “Green Buildingy Design Award” from the Hillsborough City-Countt Planning Commission in Tampa. Liberty (NYSE: LRY) has developes and leased 19 buildings with nearly 1 milliobn square feet of space in the parksince 1996. Key park tenantse include , Travelers, Travel and .
The building, which opened earlyg last year, was designed and built to meet the secondx highest ranking ofthe Council’s Leadershil in Energy and Environmental Design. was the generap contractor. Liberty Property Trust Vice President Jody Johnston estimatesa the cost of building to greenb standards added an additional 5 perceng to the overalldevelopment costs, but that will be more than offsetr by lower energy costs. Speciap features include showers and lockerss for workers who need to wash or change clothes after they bike or jog to A deck made of recycled plastic borders the back ofthe building, overlooking a wetlandsx area that provides shade.
Landscaping incorporates drought-resistant plants native to A white reflective roof deflectsthe sun. Bins for recyclingf are placed near trash binsfor accessibility. Restroom urinal s conserve water by relying on gravity and a filter insteacdof water. That feature is expectedd to save 360,000 gallons annually since each urina l uses anestimated 40,000 gallons annually, Johnston Grass surrounding the parking lot soaks up rainwater. And a recycled rubber, was used instead of asphalt arouns the large oak trees that line the The porous rubber allowxs water to soak into the The building, located at 4631 Woodland Blvd.
, receive d the “Office Building of the Year” Award from the Tampq Bay Chapter of the and the “Green Buildingy Design Award” from the Hillsborough City-Countt Planning Commission in Tampa. Liberty (NYSE: LRY) has developes and leased 19 buildings with nearly 1 milliobn square feet of space in the parksince 1996. Key park tenantse include , Travelers, Travel and .
Wednesday, 2 November 2011
As Miles Add Up, So Do the Unforgettable Moments - New York Times
fusajacuxejilyp.blogspot.com
New York Times | As Miles Add Up, So Do the Unforgettable Moments New York Times The Amateur Athletic Union, then the governing body for marathoning in the United States, thought that women should not run more than 10 miles. The AAU also thought that women should start at a different place or time from the men in a marathon. ... P ower Players Mary Wittenberg is setting the pace Who Quits Before Race Day? |
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