Sentences with phrase «other condo developers»
Other condo developers have moved north without demanding 50 percent down, Zalewski said.
https://www.bloomberg.com/ Not exact matches
The money deposited into the trust account of the developer by a foreign buyer is treated as any other condo deposit.
As reported in the written decision of the Law Society Hearing Panel (which decision is under appeal by the applicant), the applicant threatened to sue the other board members for defamation after he was removed as President of the condo corporation and a notice of his removal was posted; circulated a letter (under a false name) on some floors within the building that falsely stated that some of the board members had previously gone bankrupt, had criminal convictions and were accepting bribes and free meals from the developer of the condominium to settle deficiencies with the developer; made a derogatory remark about some of the residents based on their ethnicity; threatened to report some of the directors to US / Canada border officials, falsely alleging that they were drug smugglers; threatened both the corporation's property manager and security services firm that their contracts with the condo corporation would be in jeopardy if they did not provide a character letter to the applicant.
The firm provides senior and mezzanine debt, as well as preferred equity, to opportunistic developers for condo conversions and other property types.
When a condo unit sells, the developer pays $ 3,000 to Community Contribution Company (CCC Inc.), a Canadian corporation founded by Dupuis and Landolt and six other founding members.
Buckler founded Beredan Management & Consulting Inc. in 2009 to help fellow Realtors, condo corporations, developers, management companies and others to navigate the confusing world of condominiums.
Kam and Graham formed City Accord more than 10 years ago and continued to sell City Place and other pre-construction condos for developers in the downtown Toronto market.
Developers have either demolished or converted the removed space into other uses, such as apartments or condos, according to an analysis of CoStar's third - quarter Office Outlook and Forecast.
Inaccurate market research: Developers support their prices to investors with somewhat misleading data from organizations like RealNet Canada that report price per square foot trends of other new condos by compiling price data from developer's price lists and not the actual selling prices.
Other jurisdictions with more condo homes (e.g., Vancouver) allow much higher purchaser deposits and allow the developer to use those deposits as collateral for the construction loan.
In many other mature condo markets, like Vancouver, BC or Miami, FL it's common for presale buyers to deposit 20, 30 or even 50 - percent of the purchase price of a new development, investing significant «at - risk» monies that are often released to the developer to help fund the construction of the project.
Two other developers have targeted Chicago for ground - up condo hotels.