Comments on: Condo Projects Battling it Out

By: Local agents sue Cosmopolitan Owner

Local agents sue Cosmopolitan Owner — Mon, 21 Sep 2009 19:23:06 +0000

[...] soap opera. The local courts have been kept very busy with lawsuits. Earlier this year it was Fontainebleau suing over financing along with CityCenter, then CityCenter was being sued by early condo buyers requesting large price [...]

By: Yet Another Lawsuit

Yet Another Lawsuit — Wed, 24 Jun 2009 20:32:34 +0000

[...] Condo Projects Battling it Out [...]

By: San Diego Homes Blogger

San Diego Homes Blogger — Thu, 14 May 2009 20:03:14 +0000

There have been a number of interesing developments in the downtown San Diego condominium market. Several of the new developments pre-sold units to home buyers between 2006 and 2009, and they are only now reaching their move-in dates. During that time the values of San Diego condos in general has dropped around 30%. So several of the condo developers have decided to unilaterally reduce the purchase prices of the pre-sold units by as much as 20%. This has been sufficient to keep most of their existing buyers from walking away from the purchases. It also shows very good faith on the part of the condo developers.