Long Beach Downtown Condos Being Dumped by Lenders-”Why Try To Catch A Falling Knife?”
This is a recent article in the Wall Street Journal about the new development downtown Long Beach. Amazing.
Mark Shandrow
Keller Williams Realty
Condo-Minimum
Developers Turn to Auctions to Shed Units
By JONATHAN KARP
September 10, 2008; Page C15
With the condo glut growing as new towers are finished, and buyers walk away from presale contracts, developers increasingly are resorting to auctions [...]

