Archives for December 2009

Art Stable in South Lake Union Almost Sold Out

I don’t know how I completely missed this project but Tom Kundig has designed a building going up South Lake Union (just north of REI) called the Art Stable. The building is a Point 32 project and is under construction and has pre-sold 4 of the 5 units which are being sold as unfinished shells…. Read More

Downtown Ghost Buildings

This month Seattle Business magazine wrote an article on the ghost buildings downtown, Housing is bad. Condos are worse, and included this interesting info-graphic:

Enso Closings Begin; Rollin 90% Rented

Enso is starting closing on homes today with move-ins starting tomorrow. They report having had 13 sales per month over the last six months. Rollin Street is 90% leased. Click more for the full release. Read the comments for a list of units that have closed and their price points.

Cost of Parking Spot in Seattle

A reader writes in wondering how much a parking spots are going for these days. Any ideas?

Recent Auction Sells Only 18 of 37 Units

Just got the press release on the results of the Avaview, Sunrise on the Lake and the Summit auction. They sold 18 units yielding $3 million in sales. “The condominiums offered on auction day sold for 136% over the recommended minimum bid pricing to the full satisfaction of the Seller.” Click through below for the… Read More

Avaview, Sunrise on the Lake, The Summit Auction Results?

Not much word on the results of the auctions of Avaview, Sunrise on the Lake and The Summit other than they sold the best 19. I’ve emailed Team Builder JLS for the results but in the meantime if anyone attended, let us know how it went.

Olive 8 Gets Loan Renewed

With 51 of 229 units closed Olive 8 gets a $90 million two year renewal to sell its remaining units. Click through for the full press release.

Holiday Happy Hour at Brix

Free beverages and appetizers December 18th from 4 to 6 pm at Brix townhome #128. Check out thenew releases

Holiday Pricing at Veer Lofts

Veer Lofts is cutting prices trying to move some units before the end of the holidays. #112: $379,500 reduced from $425,000. 975 sq ft 1 bed/1.5 bath 2 story loft #314: $274,500 reduced from $334,950. 703 sq ft open 1 bed/1 bath flat #416: $282,500 reduced from $310,000. 640 sq ft open 1 bed/1 bath… Read More

Decatur Releases 21 More Homes

Decatur is declaring success on their phase 1 of sales saying “over a dozen homes sold last month!” and releasing 21 additional homes. They’re also FHA approved. See their site for a new photo gallery of glossy photos.

A Tour of The Packard Building

This afternoon I swung by the Packard Building on Capitol Hill for a tour of the just-about-finished apartments. Surprisingly, the tour was packed! The Packard was originally built in 1911 and in this latest renovation they preserved the original facade to ensure architectural and historical continuity for the neighborhood. Dennis Saxman was there but I… Read More

Half of Units Auctioned at Gallery and Brix Haven’t Closed

Deals for the Gallery and Brix auctions were supposed to close by October 27th so I went digging through the King County Property records this week to get the skinny on what closed, and found some surprising results. Brix has closed on only 15 of 36 units auctioned, and Gallery has closed on 25 out… Read More

The Summit, Avaview, and Sunrise on the Lake Auction Postponed

The Summit, Avaview, and Sunrise on the Lake Auction that was going to take place on December 5th has been postponed to December 12th. All units are open for touring 11am to 5pm daily.

Enso Gets Fannie Mae Approval, Closings Start in a Week

From the Williams Marketing Twitter account (or should that be Matrix?): Enso now has FannieMae approval and will start closing homes in approximately a week!

More on Matrix Real Estate

Today I had a chance to talk to Kate Miller from the Fearey Group who is doing PR for Matrix Real Estate. She clarified a few points: They’re keeping the Williams Marketing and MCM brand names They’ll be referring to themselves as “Matrix powered by Williams Marketing” or “Matrix powered by MCM” Think of MCM… Read More

Press Release for Williams and MCM Merger

Here’s the lead, click through for the full release. SEATTLE, WASH. — December 3, 2009 — Today, Seattle-based residential real estate marketing and sales firms MCM Group and Williams Marketing, Inc announced the joint creation of a new company, Matrix Real Estate. With the most experienced professional sales staff in the region and listings valued… Read More

Major Price Reductions at 200 West Highland

A few big price reductions at the 200 West Highland condos on Queen Anne yesterday. #302 dropped from $2,850,000 to $2,050,000. #202 dropped from $2,650,000 to $1,775,000.

1111 E Union Design Review #3 – Looking Better

Thanks to catching a Tweet from @jseattle I swung by the 1111 E Design review instead of grabbing dinner. Over at CHS, Josh Mahar, has a good pre-review write up with renderings. Overall, the developer and Runberg Architecture, were very responsive to the last set of recommendations and I’m pleased with the changes they made… Read More

Property Management Companies Matter

It’s interesting to contrast the customer service of the two different condo management companies I have to deal with. For both units I’ve needed additional garage door fobs. With Madrona who manages Trace Lofts I’ve been able to get fobs the next day when they have them in stock (they’re also conveniently located a block… Read More

Williams Marketing & MCM Merge Into Matrix Real Estate

From WMiss on Twitter: Condo Powerhouses Williams Marketing & MCM Collaborate to Create Matrix Real Estate—Largest Condo & Townhome Sales & Marketing Firm in WA. Sounds like Michael Miller and Leslie Williams are both stepping back and that Chaun Mackey will lead the newly formed company. Official announcement likely coming Thursday or Friday. My first… Read More