Archives for December 2010

Greenfab Modular Installation Video

I wasn’t able to make it out to see Seattle’s first LEED platinum targeted modular home get built in a day fortunately they blogged the event and put together a YouTube video:

Marlborough Bought For $13m, What’s Up Now?

A reader wonders what is up with the Marlborough? After a big launch party touting Live Historic’s conversion of the project to condos, reverting back to apartments after poor sales, it was foreclosed upon in February 2009 for defaulting on $19 million in debt to Chinatrust Bank, to be bought back for $18 million in… Read More

Realogics Takes Over Sales for Olive 8

Wow, big news today! Olive 8’s developer, RC Hedreen, has switched their sales & marketing team from Coldwell Banker Bain to Realogics to close out the remaining 50% of unsold units. This is 18 months after they ditched Williams Marketing for Coldwell and only a few months after their auctioning of 32 units. Leading up… Read More

For Christmas I’d Like a Penthouse

With about 1,400 condos for sale in Seattle which one are you hoping that Santa gives you the keys to? Here are a few that I’d thrilled with. Penthouse at TEN12First 6,000 square feet, 13′ ceilings. Only $15.6m. Keep in mind it isn’t even under construction yet. Penthouse at Millenium Tower 9,876 square feet, your… Read More

Lakeview Townhome For Rent

Lakeview Townhome unit B was for sale starting in March of 2009. Did it get pulled off and turned into a rental? It’s for rent now for $3,150. You get 1,735 square feet, 3 bedrooms, 2.5 baths, private garden and 2 car garage: Or you can rent the penthouse in my building…

Union Arts Coop Loft For Sale

The Union Arts Cooperative at 1100 E Union St, right by where I live, has a loft for sale. This is the first time I’ve seen a unit for sale there. I’ve only ever been in the building once. The friend who invited me over seemed curious to know whether they were getting a good… Read More

Open Houses This Weekend

Readers, please welcome Katrina to Urbnlivn, who is joining us to write a few open houses posts. – Matt Pickings are slim this weekend for open houses in Seattle, but maybe there’s one or two that you’d like to stop in and see on your way to your next holiday party. 127 26th Ave E… Read More

Sub $100k Downtown Condo at the Elektra

A reader tipped me off to a condo at the Elektra, unit #513 for $99.9k and he’s wondering what’s the catch: I live near the convention center at the border of First Hill, Capitol Hill, and Downtown. I’ve noticed that the wedge-shaped Elektra building at Hubbell & Terry & Pike has some very inexpensive units… Read More

Investor Lists 3 Portofino Units

Over the years an investor accumulated at least three units at the Portofino, a loft-y Capitol Hill building on Pine. I’m surprised that with rising rents and declining vacancy rates that they’d unload them now. But times must be tough because they’re all short sales: Unit #311 for $249,950: 514 square feet, corner unit, last… Read More

What Happened to the Olive 8 Auction Winners?

Curious about what happened to the people who won at the Olive 8 auction? Curious about whether all the units closed? Curious if anyone didn’t meet the unpublished minimum price and needed to pay more? I was and spent some time digging through county records to see how things settled out. Since Olive 8 auction… Read More

November Condo Report: Sales Flat, Prices Up!?

Yesterday Redfin released data on what happened with the Seattle Area market in November showing that for the city of Seattle the median condo price increased 6.1% to $303,320, sales were flat at 138 sales and inventory declined 10% to 1,102 homes on the market at the end of the month. Median Price Up 6.1%… Read More

gProjects Building at 18th and John

gProjects, an AIA FutureShack award winner, is building three townhouses at 18th and John set to be completed in July. Not much in the way of photos but it sounds good on paper: Customize a Capitol Hill townhomes with award winning gProjects. Homes offer triple height sky-lit spaces, custom cabinetry, work horse kitchens, swanky baths,… Read More

Watch a Green Home Get Built In One Day

Tomorrow from 10 am to noon at 1827 S Lane St, Seattle (near Boren Ave S and Rainier Ave) watch Seattle’s first LEED Platinum (targeting certification) modular home by Greenfab get assembled: Transported via truck from the factory in Idaho, six boxes (measuring 12’ wide, 20’ long and 16’ high) will be installed one-at-a-time by… Read More

IREM Forecast: Sideways Is The New Up

Friday morning I woke up at the crack of dawn (and skipped hockey the night before too) to attend Seattle’s Institute of Real Estate Management’s (IREM) 25th annual forecast breakfast. The keynote speaker was Dr. Arun Raha, the Executive Director and Chief Economist for the State of Washington. He kicked things off pointing out that… Read More

479 sf Loft at Monique Lofts

Fans of Monique Lofts, a 479 square foot south-facing re-modeled loft, has just been listed for $249,000. You can check it out tomorrow at an open house from 1 to 4pm. The last similar unit to sell at Monique Lofts was #305 which is now pending, last listed at $239,950. Disclaimer: the unit is being… Read More

Buy at 1111 E Pike Get A Smart Car

I swear, just yesterday I was wondering when we’d see some end of year promotions to move units and today in their push to sell the remaining 10 units at 1111 E Pike, Realogics has announced if you buy a select unit you’ll get a Smart Car [pdf]: Pike/Pine homebuyers are blessed with the most… Read More

Veer Lofts Sold Out. Enso Has 29 To Go

Matrix, Vulcan’s sales team, Tweeted and sent out an email about their progress in South Lake Union. Veer Lofts has sold out their 99 units. Took them three and half years (they went on sale mid-February ’07) and two sales teams. Enso meanwhile has sold 100 units and has 29 to go. Oddly only six… Read More

Downsides to Ground Floor Units?

A reader asks us on Twitter about ground floor units: I’m shopping for a place in SEA soon. Is there something bad about ground floor units that I don’t realize? Security and noise would be the biggest downsides to me but could be outweighed by having a private entrance or private terrace. But I’ve never… Read More