Early Week Links

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2 Comments

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2 responses to “Early Week Links

  1. Brad

    X- Check out “Condo Troubles Futher Squeeze Property Lenders” today. WSJ

    and “Luxury Condo Conversion is Facing Financial Trouble”, Sat., NYT

    Great articles

  2. It’s interesting to see how the Savoy developers had what seemed to be all the necessary ingredients for a successful project, but have now ended up in precarious straits due to insufficient funding. If a developer has not secured funding for construction, it’s not likely to be procured under current conditions. Most reports had indicated that the Beach had remained largely unaffected by the downturn in comparison the urban Core market, but this report contradicts such assertions.

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