Washington State Commercial Real Estate Ramblings from a Olympia Commercial Real Estate Agent

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Home : Blogs : Ryan Haddock : Washington State Commercial Real Estate Ramblings from a Olympia Commercial Real Estate Agent : Archives July, 2008

Where have all the developers gone? - 07/08/08 04:39 PM

With financing hitting one of it's hardest times smaller builders have found themselves over leveraged and holding too many properties. Some have turned these into rental properties, some have given up and are losing the half completed homes to the bank and yet others are buying all the homes they can.
Where did the big guys go? Half completed developments surround us, final plat approvals suddenly are taking longer than expected. Those on short plat schedules are dragging their feet so they aren't forced to close. So what's the story.
The real story is this.......timing. Why would you close now or … (5 comments)

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Ryan Haddock

Olympia, WA

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Kidder Mathews

Address: 108 5th Avenue Suite 102, Olympia, WA, 98501

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