Comments on: Marlborough House going back to Apartments http://www.theseattlespecialist.com/seattle-real-estate/marlborough-house-going-back-to-apartments Jim Reppond and the Reppond Team discuss the vibrant, changing Seattle Real Estate Market. Whether your a seasoned investor or a first time home buyer, Jim\'s vast knowledge of the Seattle Real Estate Market will captivate and educate... Tue, 06 Jan 2009 01:12:09 +0000 http://wordpress.org/?v=2.0.7 by: Jim Reppond http://www.theseattlespecialist.com/seattle-real-estate/marlborough-house-going-back-to-apartments#comment-2749 Thu, 18 Dec 2008 16:19:03 +0000 http://www.theseattlespecialist.com/seattle-real-estate/marlborough-house-going-back-to-apartments#comment-2749 (see 12/16/2008 update at bottom of article) (see 12/16/2008 update at bottom of article)

]]> by: Charles Richey http://www.theseattlespecialist.com/seattle-real-estate/marlborough-house-going-back-to-apartments#comment-2233 Wed, 05 Nov 2008 21:17:58 +0000 http://www.theseattlespecialist.com/seattle-real-estate/marlborough-house-going-back-to-apartments#comment-2233 We're seeing some of this in Las Vegas. There are some condo conversions that went back to being apartments and new properties being pulled off the market and turned into rentals. We’re seeing some of this in Las Vegas. There are some condo conversions that went back to being apartments and new properties being pulled off the market and turned into rentals.

]]> by: Jim Reppond http://www.theseattlespecialist.com/seattle-real-estate/marlborough-house-going-back-to-apartments#comment-2204 Mon, 27 Oct 2008 21:38:12 +0000 http://www.theseattlespecialist.com/seattle-real-estate/marlborough-house-going-back-to-apartments#comment-2204 Obviously you'll want to go over the CC&Rs (covenants, conditions, and restrictions) and see how it addresses this issue. But I recommend you speak to a real estate attorney to get some legal advice. It seems that you could make a strong argument that by allowing more than the previously agreed to number of rental units it could adversely affect the value of your condo. Whether there is recourse or not is another matter. Obviously you’ll want to go over the CC&Rs (covenants, conditions, and restrictions) and see how it addresses this issue. But I recommend you speak to a real estate attorney to get some legal advice.

It seems that you could make a strong argument that by allowing more than the previously agreed to number of rental units it could adversely affect the value of your condo. Whether there is recourse or not is another matter.

]]> by: Eric http://www.theseattlespecialist.com/seattle-real-estate/marlborough-house-going-back-to-apartments#comment-2192 Sat, 25 Oct 2008 23:03:12 +0000 http://www.theseattlespecialist.com/seattle-real-estate/marlborough-house-going-back-to-apartments#comment-2192 What recourse is a available to owners who buy units in a condo, that go to partial rental status. In my building, the purchase agreement limits rentals to 20% of the units, but over 40% of the units are available in my building at this time. This concerns me as I really don't want to live in a hybrid condo-apartment comlex. What recourse is a available to owners who buy units in a condo, that go to partial rental status. In my building, the purchase agreement limits rentals to 20% of the units, but over 40% of the units are available in my building at this time. This concerns me as I really don’t want to live in a hybrid condo-apartment comlex.

]]> by: Jim Reppond http://www.theseattlespecialist.com/seattle-real-estate/marlborough-house-going-back-to-apartments#comment-2010 Sat, 11 Oct 2008 15:49:46 +0000 http://www.theseattlespecialist.com/seattle-real-estate/marlborough-house-going-back-to-apartments#comment-2010 I'm sorry to hear Live Historic is having a hard time. They are one of my favorite condo-conversion developers. I think they are truly committed to developing a quality product that enhances the communities that their projects are in. That being said, it doesn't surprise me to hear they are having a difficult time. It's brutal out there for new or newly converted condo projects. Few buyers and extremely tight lending restrictions. And most buyers don't want to get tied into a pre-sale commitment right now. I’m sorry to hear Live Historic is having a hard time. They are one of my favorite condo-conversion developers. I think they are truly committed to developing a quality product that enhances the communities that their projects are in.

That being said, it doesn’t surprise me to hear they are having a difficult time. It’s brutal out there for new or newly converted condo projects. Few buyers and extremely tight lending restrictions. And most buyers don’t want to get tied into a pre-sale commitment right now.

]]> by: Karen http://www.theseattlespecialist.com/seattle-real-estate/marlborough-house-going-back-to-apartments#comment-2001 Fri, 10 Oct 2008 01:42:31 +0000 http://www.theseattlespecialist.com/seattle-real-estate/marlborough-house-going-back-to-apartments#comment-2001 Live Historic is in the financial crapper. They have fired almost all of their staff and have creditors and lien holders lined up. Do not be surprised to see all of the Live Historic properties up for fire sale within the next few months. Live Historic is in the financial crapper. They have fired almost all of their staff and have creditors and lien holders lined up. Do not be surprised to see all of the Live Historic properties up for fire sale within the next few months.

]]> by: More repartmenting and condoments | The Seattle Condo Blog http://www.theseattlespecialist.com/seattle-real-estate/marlborough-house-going-back-to-apartments#comment-1998 Tue, 07 Oct 2008 19:53:49 +0000 http://www.theseattlespecialist.com/seattle-real-estate/marlborough-house-going-back-to-apartments#comment-1998 [...] Thanks to Jim and Matt who reported that Live Historic’s Marlborough conversion project is reverting back to apartments. Matt also noted that Maris condos on Shilshole made available their unsold units as rentals. Marlborough and Maris joins other developments which reverted back or switched to apartments or are now leasing unsold units - Max, WestWater, Carbon 56, Domaine, Expo 62, Landes, Strata. I’m sure we’ll be seen more of these. [...] […] Thanks to Jim and Matt who reported that Live Historic’s Marlborough conversion project is reverting back to apartments. Matt also noted that Maris condos on Shilshole made available their unsold units as rentals. Marlborough and Maris joins other developments which reverted back or switched to apartments or are now leasing unsold units - Max, WestWater, Carbon 56, Domaine, Expo 62, Landes, Strata. I’m sure we’ll be seen more of these. […]

]]> by: Seth http://www.theseattlespecialist.com/seattle-real-estate/marlborough-house-going-back-to-apartments#comment-1989 Mon, 06 Oct 2008 19:36:56 +0000 http://www.theseattlespecialist.com/seattle-real-estate/marlborough-house-going-back-to-apartments#comment-1989 I wonder how the other Live Historic properties are doing???? I wonder how the other Live Historic properties are doing????

]]> by: Live Historic Project Back to Apartments | urbnlivn on Seattle condos http://www.theseattlespecialist.com/seattle-real-estate/marlborough-house-going-back-to-apartments#comment-1988 Mon, 06 Oct 2008 19:18:18 +0000 http://www.theseattlespecialist.com/seattle-real-estate/marlborough-house-going-back-to-apartments#comment-1988 [...] Jim has the scoop that Live Historic’s Marlborough project is no longer a condo conversion based on poor sales. Oh well, it will make nice apartments too. See photos from my visit earlier this year. [...] […] Jim has the scoop that Live Historic’s Marlborough project is no longer a condo conversion based on poor sales. Oh well, it will make nice apartments too. See photos from my visit earlier this year. […]

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