The high rise condos at 44 Monroe have been leasing quickly for the last six months and the building is now about half full. There are a number of things that we like about this building; almost every condo has great views, with few exceptions the floor plans flow well and make a lot of sense, [...]
Just learned about this upcoming lecture. Sounds interesting. I’ll be there! If anyone lives in the midtown area and wants to carpool then call the WKU number, extension 4 and leave a message. Will Daly LIVING WITH THE SUN – VALLEY STYLE Clean American Transportation and Valley of the Sun Applications Date: Thursday, July 21st, [...]
March 31, 2011 – 11:21 pm
Ten Wine Lofts in Scottsdale is another boom/bust building that has emerged from bankruptcy and is much better for it. The new owners are really putting a lot of time, money and energy into completely redoing the place. The pool is literally being jack hammered up and will be completely redone by the end of [...]
February 28, 2011 – 7:12 pm
“Traffic” at 44 Monroe is hectic with a lot of people touring the building and signing leases. The first We Know Urban Realty client moves in next week. As one would expect, with all the attention 44 Monroe is getting the owners are starting to tweak prices…. nothing major yet, just fine tuning so far. [...]
February 23, 2011 – 9:34 pm
Last year, a private equity firm, ST Residential, purchased a large portfolio of distressed condos from the FDIC. Part of that portfolio included the remaining unsold units at the 44 Monroe high rise condo tower in downtown Phoenix. Near the end of the year, ST began marketing the condos for sale but for one reason [...]
December 21, 2010 – 9:54 am
This won’t be a big surprise to anyone but it’s still relevant to this site/blog. Ten Wine Lofts, the urban condo community at roughly Osborn and Scottsdale Road has been converted to apartment rentals and is expected to be on the market in early 2011. An investor purchased the community after the original developer and [...]
December 14, 2010 – 5:30 pm
On December 1, 2010 the Phoenix Business Journal reported that the 75 unsold condos at Summit at Copper Square were “within days of being sold.” Word is that the deal has fallen through. In the article two of my competitors mentioned that the best option for the unsold units was to rent them. This led [...]
November 30, 2010 – 12:56 pm
We Know Urban Realty has been luke warm on Landmark on Central High Rise Condos for some time, largely due to reported problems with the infrastructure of the building. In fact, on our Landmark on Central info page we flat out say that we won’t represent people looking to buy there until they educate themselves [...]
November 22, 2010 – 5:16 pm
Early this year Starwood Capital and partners purchased a portfolio of condominiums once valued at $4.5 billion from the FDIC which had taken over the assets from the failed Corus Bank. Now Starwood et al and the FDIC are partnering to sell off those condo communities under the name “ST”. One of the communities is [...]
October 22, 2010 – 1:45 pm
Here’s a deal. The owner of a fantastic studio condo in the Orchidhouse Lofts in Tempe is offering monthly rent of $1300 per month (originally $1500) and will allow the security deposit to be paid over two months. This third floor studio with great views to the south toward ASU has exposed duct work and [...]
