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  • October 23, 2009 at 8:45 PM #473145
    briansd1
    Guest

    http://www.sdcitybeat.com/cms/story/detail/golden_eggs_in_a_concrete_world/7382/

    In May, it appeared something was shaking, when Carpenter and Engle convinced port commissioners to transfer the lease to a pair of low-profile developers, Todd Sabin and Brian Ross. But since then, efforts to gain private financing for the hotel have fallen through for Sabin and Ross, and on Tuesday, port commissioners were poised to rescind the lease-transfer deal they approved in May.

    Confused yet? Yeah, me too. In the meantime, Engle and Carpenter secured a tentative deal with the San Diego Convention Center Corp. to give convention officials a year—for $1 million—to determine if the sliver of property can handle both the hotel and a convention center expansion. If so, Engle and Carpenter would be paid $13.5 million for the lease.

    Here is a related story by SDUT
    http://www.signonsandiego.com/uniontrib/20081104/news_1m4lease.html

    October 24, 2009 at 9:55 AM #473979
    sdrealtor
    Participant

    I love those “So much for the high-end being immune” anytime someone finds a high priced distressed property. There will always be distressed properties particularly among high end properties due to divorce, business failures and outright stupidity. It happens in good markets also. I’m not saying the high end is immune but until there’s one on every street we still have a ways to go in high rent districts.

    October 24, 2009 at 9:55 AM #473314
    sdrealtor
    Participant

    I love those “So much for the high-end being immune” anytime someone finds a high priced distressed property. There will always be distressed properties particularly among high end properties due to divorce, business failures and outright stupidity. It happens in good markets also. I’m not saying the high end is immune but until there’s one on every street we still have a ways to go in high rent districts.

    October 24, 2009 at 9:55 AM #473677
    sdrealtor
    Participant

    I love those “So much for the high-end being immune” anytime someone finds a high priced distressed property. There will always be distressed properties particularly among high end properties due to divorce, business failures and outright stupidity. It happens in good markets also. I’m not saying the high end is immune but until there’s one on every street we still have a ways to go in high rent districts.

    October 24, 2009 at 9:55 AM #473755
    sdrealtor
    Participant

    I love those “So much for the high-end being immune” anytime someone finds a high priced distressed property. There will always be distressed properties particularly among high end properties due to divorce, business failures and outright stupidity. It happens in good markets also. I’m not saying the high end is immune but until there’s one on every street we still have a ways to go in high rent districts.

    October 24, 2009 at 9:55 AM #473136
    sdrealtor
    Participant

    I love those “So much for the high-end being immune” anytime someone finds a high priced distressed property. There will always be distressed properties particularly among high end properties due to divorce, business failures and outright stupidity. It happens in good markets also. I’m not saying the high end is immune but until there’s one on every street we still have a ways to go in high rent districts.

    October 24, 2009 at 10:10 AM #473997
    briansd1
    Guest

    The high-end will return to what it historically used to be, PROPORTIONAL to the low-end.

    If A neighborhood used to be 2 times B neighborhood, then that’s what you can expect sometime in the future.

    It will adjust through outright price declines or through stagnation/inflation.

    When will that happen exactly? I don’t know. But it will happen.

    October 24, 2009 at 10:10 AM #473695
    briansd1
    Guest

    The high-end will return to what it historically used to be, PROPORTIONAL to the low-end.

    If A neighborhood used to be 2 times B neighborhood, then that’s what you can expect sometime in the future.

    It will adjust through outright price declines or through stagnation/inflation.

    When will that happen exactly? I don’t know. But it will happen.

    October 24, 2009 at 10:10 AM #473771
    briansd1
    Guest

    The high-end will return to what it historically used to be, PROPORTIONAL to the low-end.

    If A neighborhood used to be 2 times B neighborhood, then that’s what you can expect sometime in the future.

    It will adjust through outright price declines or through stagnation/inflation.

    When will that happen exactly? I don’t know. But it will happen.

    October 24, 2009 at 10:10 AM #473333
    briansd1
    Guest

    The high-end will return to what it historically used to be, PROPORTIONAL to the low-end.

    If A neighborhood used to be 2 times B neighborhood, then that’s what you can expect sometime in the future.

    It will adjust through outright price declines or through stagnation/inflation.

    When will that happen exactly? I don’t know. But it will happen.

    October 24, 2009 at 10:10 AM #473153
    briansd1
    Guest

    The high-end will return to what it historically used to be, PROPORTIONAL to the low-end.

    If A neighborhood used to be 2 times B neighborhood, then that’s what you can expect sometime in the future.

    It will adjust through outright price declines or through stagnation/inflation.

    When will that happen exactly? I don’t know. But it will happen.

    June 4, 2010 at 6:27 PM #560097
    UCGal
    Participant

    Update on the Sabin’s home. It was sold at the steps this morning…

    From Priorityposting.com

    Sale Date/Time: 6/4/2010 10:00 AM
    Status: Sold to Third Party
    Estimated Debt: $6,130,429.74
    Bid Amount: $4,000,000.00
    Sale Amount: $4,100,000.00
    TS Number: 732638CA
    APN: 532-365-05-00
    Priority #: 626487

    http://www.sdlookup.com/MLS-090059812-2900_Nichols_St_San_Diego_CA_92106

    June 4, 2010 at 6:27 PM #560198
    UCGal
    Participant

    Update on the Sabin’s home. It was sold at the steps this morning…

    From Priorityposting.com

    Sale Date/Time: 6/4/2010 10:00 AM
    Status: Sold to Third Party
    Estimated Debt: $6,130,429.74
    Bid Amount: $4,000,000.00
    Sale Amount: $4,100,000.00
    TS Number: 732638CA
    APN: 532-365-05-00
    Priority #: 626487

    http://www.sdlookup.com/MLS-090059812-2900_Nichols_St_San_Diego_CA_92106

    June 4, 2010 at 6:27 PM #560691
    UCGal
    Participant

    Update on the Sabin’s home. It was sold at the steps this morning…

    From Priorityposting.com

    Sale Date/Time: 6/4/2010 10:00 AM
    Status: Sold to Third Party
    Estimated Debt: $6,130,429.74
    Bid Amount: $4,000,000.00
    Sale Amount: $4,100,000.00
    TS Number: 732638CA
    APN: 532-365-05-00
    Priority #: 626487

    http://www.sdlookup.com/MLS-090059812-2900_Nichols_St_San_Diego_CA_92106

    June 4, 2010 at 6:27 PM #560796
    UCGal
    Participant

    Update on the Sabin’s home. It was sold at the steps this morning…

    From Priorityposting.com

    Sale Date/Time: 6/4/2010 10:00 AM
    Status: Sold to Third Party
    Estimated Debt: $6,130,429.74
    Bid Amount: $4,000,000.00
    Sale Amount: $4,100,000.00
    TS Number: 732638CA
    APN: 532-365-05-00
    Priority #: 626487

    http://www.sdlookup.com/MLS-090059812-2900_Nichols_St_San_Diego_CA_92106

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