CondoAuthority.com News and Info

Bidding on Property: The Scene at a Condo Auction

jtest — Wed, 19 Nov 2008 11:37:02 -0500

UrbanTurf, a DC area real estate publication, was on hand this past Sunday for the auction of remaining condos at The Ashmore at Germantown. It seems the auction was not as successful as the developer, Fairfield Residential headquartered in Texas, had hoped with a reported 18 units having been sold out of the 40+ that remained available. Perhaps the results will be better this Sunday when The Mercer in Reston holds its a

Real Estate Developers Attempt to Cope With Economy

jtest — Mon, 17 Nov 2008 15:32:35 -0500

Recently WRC-TV, News Channel 4, ran a segment highlighting the luxury condo developments of Turnberry Tower in Arlington and Trillium in Bethesda. David Mayhood, president of The Mayhood Company discusses current sales efforts underway at Turnberry Tower, which is slated to start delivering in the early Fall of 2009. Meanwhile, Trillium in Bethesda has not started construction and a start date is unknown according to the story.

Condo Auctions: Where the Deals Are?

jtest — Fri, 14 Nov 2008 13:48:01 -0500

UrbanTurf, a DC area real estate e-newsletter and website, published this article highlighting the upcoming auctions at Ashmore at Germantown this weekend and The Mercer in Reston next weekend. It will be interesting to see if the developers are successful at clearing out their remaining inventory or if they would have been better off just lowering the prices and continuing to sell normally.

How do you make an open house stand out?

jtest — Sun, 09 Nov 2008 20:50:19 -0500

This Washington Post article about various "extreme" open house tactics that real estate agents have tried in recent months such as private dinners and back yard barbeques with live music. David Mayhood of The Mayhood Company is quoted throughout the article on his real estate brokerage firm's methods of selling new condominiums at upscale projects like Turnberry Tower in the Rosslyn area of Arlington, Virginia. <

Hip city living by the water

jtest — Mon, 10 Nov 2008 16:28:01 -0500

This Baltimore Sun article notes the rapid change that has occured in Baltimore's Harbor East neighborhood such as the arrival of new condominium developments like The Vue at Harbor East and the new Four Seasons Hotel and Residences currently under construction. Ross McWilliams of real estate brokerage McWilliams|Ballard is also quoted regarding sales at The Vue and the different buyer profiles attracted to the Harbor East neighborhood.

Sneak Preview of Model Homes at SOLEA Condominiums

jtest — Tue, 04 Nov 2008 14:13:01 -0500

SOLEA, a unique new condominium community located at the corner of 14th Street and Florida Avenue, will be hosting a sneak preview of their new on-site sales center and recently completed model homes this weekend from 1:00 to 4:00 pm. The experienced sales staff will be on hand to answer any questions and for a limited time SOLEA will offer special pricing including one-bedroom residences from $329,900...INCLUDING PARKING!

CityVista: So Convenient, You May Never Leave

jtest — Sun, 02 Nov 2008 12:36:38 -0500

UrbanTurf, a DC Area Real Estate guide, recently profiled the new City Vista development. We were on hand to tour this dynamic new development in Washington, DC's Mount Vernon Triangle neighborhood and took a few photos of our own (Click here).

by Mark Wellborn | UrbanTurf

In Chicago, Trump Hits Headwinds

jtest — Wed, 29 Oct 2008 14:07:37 -0400

This article is less relevant to the Washington and Baltimore areas, but it is still interesting to hear about the status of the largest building in the United States. At 92 stories tall, Trump's International Hotel & Tower in Chicago is feeling the pressure of a slowing economy according to the Wall Street Journal, including a battle with dozens of condo flippers who purchased from The Donald back in 2003.

DC Unveils 178-Acre Redevelopment Plan

jtest — Mon, 27 Oct 2008 11:34:39 -0400

By Erika Morphy | GlobeSt.com

WASHINGTON, DC-DC wants to create five neighborhoods that will encompass some two million sf of development and 750,000 sf of redevelopment of historic buildings in a 173-acre District-controlled campus along Martin Luther King, Jr. Avenue. Mayor Adrian Fenty has just unveiled the draft St. Elizabeths East Redevelopment Framework Plan. His Administration will host a public hearing on the proposed plan on Oct. 28. The plan will be submitted to the DC Council for approval in early November.

Capitol Riverfront: If You Build It, Will They Come?

jtest — Mon, 27 Oct 2008 12:24:15 -0400

by Mark Wellborn|UrbanTurf