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tumwater: Where have all the developers gone?
- 07/08/08 09:39 AM
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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tumwater: Listing Updates - Thurston/Lewis County
- 04/16/08 03:25 AM
Okay well things have changed a bit since last posting an update on my active listings so I want to make sure I put as much information in here as I possibly can.
2225 Cooper Pt. Rd - Total of 12.75 acres with 5.3 acres developable. Difficult jurisdiction and setbacks on the site make it a bit challenging however the 75,000 cars per day and Hwy interchange visibility in the most prominent location in Olympia make this a great opportunity. $3.5M
0 Sawall Ave - 300 acres for residential use. 14 seperate tax parcels, 11 of which have septic approvals. The other 3 … (0 comments)
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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.
;)
;)
