WeKnowUrban

At WeKnowUrban we are waiting and watching what's going on with all of the newer high rise buildings.  There are definitely issues to be aware of but all is not as bad as our local media would have you believe.  Remember, sensationalism sells.  I'm not saying that the press is sensationalistic fo...

LANDLORDS - We can help you too. We do A LOT of rentals. In 2008 we represented: 4 renters and 2 landlords at Optima Biltmore Towers High Rise Condos 2 renters at Biltmore Square Condos 3 renters at Optima Camelview Village Condos 4 renters and 2 landlords at Summit at Copper Square High Rise Con...

BUYERS - We know which are the best high rise and loft communities in town. We know where the great condo deals are We know where the foreclosures are We know which condo buildings are in trouble We know the secrets because we study the loft and high rise market 7 days a week SELLERS - Prices in ...

Everyday we talk to developers, other real estate agents, investors, broke people, rich people, good guys, bad guys, scoundrels, scalawags, and anyone and everyone we can find who knows or thinks they know anything about high rise and loft condo living in the valley. We know what is going on. We ...

Despite the slowdown in the national housing market, condominiums remain a popular option among home buyers. But they're also at the heart one of one of the biggest misperceptions surrounding FHA loans. There are some strings and limits, but make no mistake - you can obtain FHA financing to help ...

There have been a couple articles and at least one television report about the recently filed Notice of Trustee Sale on Summit at Copper Square high rise. The purpose of this post is to clarify some points made and to further explain others. It is our understanding that the original construction ...

My previous post on the topic stated the purchase price as being $15M.  The actual amount was closer to $16M.  Optima reportedly purchased the 278 unit apartment complex with the intent to tear it down and build upscale luxury condominiums on the 8.54 acre site.  I am very curious to know what th...

The developer of Century Plaza finally filed for bankruptcy last week; no big surprise...except that it took so long to happen.  So what's likely to happen next?  In our opinion the value of the note just went down.  AZCentral.com reported that M&I Bank, the construction lender, claims that the b...

Late last week, a Denver based real estate investor purchased the remaining 64 unsold condominiums in Hayden Ferry Lakeside's Bridgeview tower for $20.3 million.  Suncor, master developer of the mixed-use complex has been hit very hard by the economy and unfortunately had to let go of their gemst...

For decades high rise condos in Phoenix were rare. In fact until 1990 there were only four high rise condo buildings in the entire Valley, all located in the Phoenix Midtown area. And those four towers, constructed in the 1950's and 1960's, were built as rental apartments and only later converted...