Tag Archives: Adam Hignite
Last week Dallas Morning News real estate editor Steve Brown shook the Dallas condo market world when he wrote that “Lenders may take Palomar condo tower”. He said that since last year, “Behringer Harvard has been trying to renegotiate the debt on the Residences at Palomar condo building.” The news was that one of Behringer Harvard’s funds missed a $3 million payment in early 2011 on both the Palomar Residences and a Colorado project. What this means is that the lenders, a credit union under the control of federal regulators, could get testy and snatch the unsold units in its Residences at Palomar condominium building in Dallas.
Dallas Real Estate Update: The Palomar Rises and IS SELLING MORE UNITS With The Unique “Try Before You Buy”
OK, I am grabbing all the credit for this one. Stopped by the Palomar Residences tonight where marketing director Adam Hignite tells me has has closed 5 more units since we last spoke in July, and has 6 under contract, this out of 53 units left. And Allie Beth Allman agent plus Palm Springs designer extraordinaire Mark Godson has decked out two Palomar units in design splendor — on display tonight and photos forthcoming. (Get ready to have your socks knocked off!) But here’s what tickled me pink: recall how I have this crazy marketing idea that sellers ought to let buyers “try before they buy” homes or condos, particularly condos if they are coming from a home and have not lived in multi-family for years.
Who says the kids aren’t buying real estate? Candy Spelling closed on Spelling Manor, the most expensive real estate transaction in southern California and probably the U.S., the buyer rumored to be Petra Ecclestone, heiress to the Formula One racing empire and daughter of British billionaire Bernie Ecclestone. Petra is all of 22 years old, by the way. The 56,500-square foot mansion sold for $85 million, according to the Wall Street Journal, which is a 43% discount off the $150 million original asking price.