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Blog Details for "CONDO FIASCO"
CONDO FIASCO CONDO FIASCO My Preconstruction Condo Fiasco at the Plaza on Brickell Ave. in MIami Articles
Call from CNBC
2007-10-12 23:10:00 I just got off the phone with James Jacoby of CNBC. He wanted to know my story and asked if I was in touch with other condo owners in the same situation. Next week he will be in town to do a story and wants any other condo owners to get in touch. If you ... More About: Call
Questions Questions Questions
2007-10-12 06:37:00 My story has been featured on a couple of blogs yesterday and the number 1 comment is regarding the legality of selling unsecured shares blah blah blah. Well luckily I’m not doing that so I’m not concerned. The point is, buy at your own risk. By law I cannot (and do not) give any ... More About: Questions
Got Some Attention
2007-10-11 20:52:00 It seems my blog got a little attention. I usually get about 300 unique visitors a month. Today alone (so far) I got 600 1000. More About: Attention , Tent , Some
Own a piece of Miami for $35.50
2007-10-02 05:03:00 So here it is. Believe it or not I am going to try to sell my condo one share at a time. So what do you get when you buy a share? Well, I will send you a beautiful certificate which you can frame and put on your wall. Plus, you’ll get a link from ... More About: Miami , Piece
Enough insanity! Here?s some more.
2007-09-28 05:39:00 Here I am trying to sell my condo and getting nowhere. Maybe there is something to learn from these guys. I’ve compiled a list of outrageous but creative ways to make money which gave me an idea of my own. Lunar Embassy I was watching a program about the moon and lunar exploration. ... More About: Insanity , Some
Miami is ?Crane City?
2007-09-21 15:34:00 OMG! Just read an article that refers to Miami as ‘crane city‘. According the article there are 50 new buildings still in construction! Many of the builders are auctioning more and more. I am trying to get the going prices of properties that have been sold at auction…I’ll post them if I find them. If ... More About: City , Cran
Plaza website back up
2007-09-17 15:12:00 Interesting how the official website for the plaza went back online. A friend of mine was telling me that contractually, they have an obligation to market the building. The website is an important marketing tool…they probably realized that lawsuits might ensue and put the site back up….good move Related… More About: Website , Back , Back-up , Plaza
Want to buy some parking now?
2007-09-16 15:10:00 I just got a letter in the mail from The Plaza on Brickell asking me if I wouldn’t be interested in buying ‘the use of additional covered parking spaces’. Sure… let me dish out some more money into the pit. Outrageous. More About: Parking , Some
Developer on Brickell Ignores Housing Crisis
2007-09-13 15:58:00 I just read an article about builder Renzo Renzi who is trying to add 150 units to the Beacon at Brickell Village. They mentioned our beloved Plaza: “Plans to enhance come as Brickell’s condo e supply is to soar from 5,348 units to 12,299 by the end of 2008. Two projects ?The Related Group’s ... More About: Developer , Housing , Crisis , Kell
Investor buying condos at 70% of market value
2007-09-10 15:06:00 I just read an article about Joseph Long who is putting together investors to raise $700 million and go on a real estate shopping spree in south Florida. According to one article, he already proposed to buy a bunch of condos at a 30% discount but was turned down since the builder preferred to ... More About: Buying , Market , Investor
US Market stinks?Related Group looks abroad
2007-09-06 19:39:00 I just read this article about how our builder is working on projects abroad. More About: Market , Group , Related , Broad , Looks
Official Plaza on Brickell website is down
2007-08-31 19:05:00 I was just looking for the phone number for the sales office, and like everything, I look online. I noticed that http://www.theplazaonbrickell.com is parked! I don’t know what to say…discouraging…to say the least. If The Related Group can’t even keep the website up…how are buyers going to find them? Did they just give up? Hard ... More About: Website , Brickell , Official , Plaza on Brickell , Kell
Update on Plaza
2007-08-30 17:16:00 I just called the sales office and here is the update. Since selling out all the units, they have resold 163 units. According to them, 10 units were sold in the past two months. Closing is still scheduled for December of 2007 but because my unit is on the 45th floor, closing will probably ... More About: Update , Plaza
Condo Vultures: What do they expect?
2007-08-27 16:20:00 I keep wondering what the condo vultures expect to gain from their purchases. How much lower than market value? Just read this article about Peter Zalewski with some examples: A Colombian doctor put down nearly $1.3 million on 12 condos. That’s $108k per condo….CHEAP! A two-bedroom, 2.5-bath, bayfront condo listed for $495,000 and appraised for $550,000 ... More About: Condo , Expect , Vultures
Della Casa Sues Related Group
2007-08-20 14:44:00 The kitchen designer and supplier for several of ‘The Related Group ’ projects is suing the The Related Group, possibly delaying the delivery of the condo. The construction in question is The Apogee, a super high luxury condo located in one of the most exclusive parts of Miami Beach. They are alleging that the Related Group ... More About: Casa
Optimism for Florida Housing Market!?
2007-08-14 20:31:00 Oh how I love to read good news about the housing market. Today I read some good news about the housing market in Flor ida . More About: Market , Housing , Optimism
Condo Auction
2007-08-13 15:15:00 I was shocked to hear that an auctioneer in Miami can sell 20 condos a day. I guess if the price is right… I was equally shocked to learn that even though the number of condos sold has dropped by 52% from last year this time, the prices have increased by 7%. The current median ... More About: Auction , Condo
Finally a developer in trouble
2007-08-06 15:38:00 With all the chaos going down in my life with this condo, it seems that the developers are oblivious to what’s going on. Everywhere I turn around there are plans for new condos. More condos!?!?! In the case of The Related Group, they sold out on all their units and will do quite well this ... More About: Developer , Finally , Develop , Fina , Ally
And Once Again?more bad news
2007-07-30 15:00:00 So this is the headline this morning: S. Fla. condo, home sales continue drop Here is the summary: Condominium sales in June compared to the same month a year ago: dropped more than 50 percent Number of existing Miami-Dade single-family houses sold in June compared with a year ago: dropped 47 percent Single-family houses and condos ... More About: News , Bad News
Signs of hope in other areas of Florida
2007-07-27 15:00:00 Sorry I haven’t written in a while. My wife had a baby. So anyway, I just read that 469 existing homes were sold in Miami in June. That’s a drop. Statewide, existing home sales dropped for the 4th month in a row. But while prices dropped 5% in pretty much every area of Flor ida , home ... More About: Signs , Hope
A Friend In Need Is A Friend Indeed
2007-07-02 20:23:00 I have some good news. A good friend of mine told me he would like to go 50/50 on the condo if I have to close. That is welcome news at a time I’m trying to make ends meet. He said even if each of us has to put out a couple of hundred bucks ... More About: Friend
The Related Group in the news for no good reason
2007-06-30 03:39:00 Seriously I don’t know what’s newsworthy these days anymore. Why is there an article simply titled The Related Group on CNN Money today? The article says this: The Related Group is great The Related Group made Miami great The Related Group is building in Latin America The Related Group is making low income homes because they are so generous Happy ... More About: News , In the News , The News , Reason , Good
Small World
2007-06-28 21:41:00 I happened to be talking to someone in my office about my condo fiasco and this person is in the exact same predicament. She bought a place on the “Avenue on Brickell Condominium” 1060 Brickell Avenue, Miami FL 33131. Her deposit was $40k and the place was worth $380k. I hate to see someone else ... More About: World , Small , Small World
Sales Down?Prices Same?go figure
2007-06-26 17:25:00 I just read an article about sluggish sales in South Florida but prices have remained the same. Probably people like me who refuse to loose money. More About: Sales , Same , Figure , Prices
The Related Group keeps expanding
2007-06-25 05:00:00 What amazes me the most is that The Related Group (the developers of my condo) are still really active. In a project with Donald Trump, they were able to sell 60% of condos worth $900k to $2.5 million. In such a bad market, that to me is incredible. It is reassuring to see that ... More About: Late
Market Forecast Poll Results
2007-06-22 18:02:00 Thanks everyone for voting (all four of you). As it turns out… things will NOT get any better. I love the optimism that exudes from my readers…makes me feel warm and wanted. More About: Market , Results , Poll , Mark , Fore
Let the Lawsuits begin!
2007-06-21 17:39:00 I just read about Collier County Commissioner Jim Coletta (see picture) of Naples, FL suing a builder to get their $28k deposit on a preconstruction back. I hope the legal fees aren’t more than say…$500. On a similar note, a group has filed a class action lawsuit to stop the construction of a luxury high ... More About: Lawsuits , The Law , Suit
Hialeah Historic District?
2007-06-20 15:28:00 Ok, this is just my optimism speaking louder than my better sense but there has been a lot of buzz here in South Florida about some historic landmarks and their preservation. If you live around here you think of Hialeah as being a dirty ugly place where poor people live. The thing is that there ... More About: District , Historic , Hist , Tori , Leah
Florida Once Again Top Destination
More articles from this author:2007-06-20 13:55:00 I was glad to read this article this morning about how Flor ida regained the status of top tourist spot. Hopefully hurricanes won’t scare anyone away. For all you people out there who have not been to south Florida… come on over. More About: Destination , Once 1, 2, 3 |
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