Comments on: remaining santee village units repossessed, in limbo

By: Pshock

Pshock — Fri, 18 Sep 2009 05:49:35 +0000

Mando, where did you get this information from? Doesn’t seem likely…what are they going to do plow over current owners in their homes?

By: mando

mando — Mon, 29 Jun 2009 03:37:43 +0000

You are all full of crapp. All the info you people have is so wrong. Santee village is in negotiations for sale by the contruction finance company. The buyer is said to demolish all santee village buildings to make way for a new state of the art shopping mall.

By: Ziggy

Ziggy — Sat, 24 Jan 2009 03:55:23 +0000

Phase III consisted of 3 buildings. The Cornell(96)Units, maybe 50% sold, Eckhardt(72) less than 30% sold and Santee(42) this building never went to sale. They are not 100% sold. The property was forclosed on by the Developers lien holder. This project is now bank owned. This is not great for the current owners. This is not good for the HOA and clearly not good for anyone who wants to buy. If a property is not at least 80% sold or Fannie Mae approved, then it makes it more difficult to get approval from any bank. Recovery certainly is not around the corner.

By: Tiffany Gatto

Tiffany Gatto — Thu, 22 Jan 2009 01:19:03 +0000

Well, the Rowan Lofts on 5th and Spring are going on auction…the prices are incredible. Feel free to email me for details. Tiffany

By: Anon

Anon — Thu, 22 Jan 2009 00:39:56 +0000

“Options on the table include renting the units out, bringing in another sales team or keeping the units vacant until the economic environment improves.”

Or, you know, LOWERING THE PRICE…

By: alex x

alex x — Wed, 21 Jan 2009 07:46:52 +0000

Ave. Girl there are no “should’s” in the world of business, only “is’s” and “are’s”, and right now this “is” what building owners Downtown are charging to live in their units. “Should’s” are what you tell children to do…

By: Ankur

Ankur — Mon, 19 Jan 2009 17:15:05 +0000

I believe the Manhattan SB building is 1200 for the smallest units (around 510 sq) plus parking.

Not a deal imo.

By: benjamin

benjamin — Fri, 16 Jan 2009 03:07:20 +0000

oh i see… so.. phase one really doesnt count because it’s not applicable to our situation here.
so its 65 percent sold for the other 2 buildings

By: Rich Alossi

Rich Alossi — Fri, 16 Jan 2009 03:04:48 +0000

Unfortunately, my brain really doesn’t work like that.

Just consider this: Phase I is rentals; Phase II is 30% sold (out of about 200 units); and Phase III is 100% sold.

By: benjamin

benjamin — Fri, 16 Jan 2009 03:03:30 +0000

i am so confused now!!!!
Rich, can you do a recaulation on the percentage sold total phase 1,2 ,3 or 4 if there is one (as in avarage for everything)?