new development: Even Further Price Reductions at 1200 N Sweetzer Ave, West Hollywood - 04/16/10 04:21 AM
I recently blogged about an appealing new condo development in West Hollywood, that in my opinion, was still overpriced despite having price reductions: 1200 N Sweetzer Avenue.
The Listing Agent has trimmed the prices yet again.
Originally listed at $1,050,000 a 1368 sq ft 2-Bed 2-Bath condo worked out to $767 per square foot.
After 163 days on the market, the price was reduced to $950,000 - $694 per square foot.
After 262 days on the market, the price was further reduced to $899,000 - $657 per square foot.
This represents a 14% reduction from the initial List Price - … (0 comments)

new development: West Hollywood Planning Commission Votes "NO" to New Project - 02/02/10 03:50 PM
The West Hollywood Planning Commission has voted "No" to an over-sized new development proposed by developer Casden Properties, situated at the corner of Santa Monica Blvd and Poinsettia Place in West Hollywood.
The proposed mixed-use project - Movietown Plaza - was to include 294 condos, 76 affordable housing units for seniors, and a 32,000 sq ft retail component.
Neighbors and local residents complained that the project was too tall, too dense, and would generate too much additional traffic in the already grid-locked area.
I'm all in favor of the re-development of West Hollywood and the replacement of old and characterless strip … (3 comments)

new development: Dubai's Developer, Nakheel, delays construction of world's tallest tower - 01/17/09 03:47 PM
DUBAI -- Construction of a one-kilometer-tall tower slated to be the world's tallest has been delayed by its government-owned developer, in a sign of how a city that seemed to have limitless resources and ambition now is struggling to avoid a hard crash.
The developer, Nakheel, has postponed construction on the tower as the company readjusts its plans "to better reflect the current market trends and match supply with demand." Reuters
This action shows that not even the oil-rich state-owned developer is immune to the world's financial credit crunch.
Part of Nakheel's construction delays include the much-hyped Trump Tower.
Does this … (5 comments)

new development: What's going on at "The Madrone" in Hollywood? - 01/14/09 01:30 PM
In March last year I attended a fancy launch party in Hollywood for The Madrone, a 180-unit condominium project situated at the corner of La Brea Ave and Hollywood Blvd. The multi-story mixed-use project being developed by John Laing Homes, has a variety of studios, 1, 2 and 3 bedroom condos ranging in price from the $400,000's to over $1 Million.
At the time of the launch I had clients that were interested in a 1 Bedroom condo which was priced at $640,000 (approximately 1000 sq ft) and despite my opinion that the price was high, they signed a Purchase Agreement. … (7 comments)

new development: Movietown Plaza by Casden Properties - A proposed mixed-use development for West Hollywood - 09/12/08 11:59 AM
Casden Properties is proposing a new development for the City of West Hollywood with construction projected to commence in 2010 and take two years to complete.
Movietown Plaza, located on the east side of West Hollywood, is to be situated on Santa Monica Blvd. between Fuller Avenue and Poinsettia Place - and will replace the aging Movietown shopping center - home of the original West Hollywood Trader Joe's.
The original plans evoked neighborhood criticism; local residents complained of too much mass, too much traffic descending on their streets, and too many people moving in.
Revised plans received a better response when "the taller elements were shifted to the rear … (1 comments)

 
COMPASS PALM SPRINGS | Stewart Penn, COMPASS Palm Springs - Broker Associate (COMPASS)

COMPASS PALM SPRINGS | Stewart Penn

COMPASS Palm Springs - Broker Associate

Palm Springs, CA

More about me…

COMPASS

Address: 830 N Palm Canyon Drive, Palm Springs, CA, 92262

Office: (760) 618-1822

Mobile: (760) 618-1822

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