Looking back on 2007, 235 Van Buren leads in absorption

Click to enlargeI dropped by the Appraisal Research Counselors 2008 Forecast Luncheon today to hear remarks on ARC’s upcoming benchmark report.

At the luncheon, Gail Lissner, a vice president with ARC, pointed to 235 Van Buren as last year’s absorption leader – though she suggested that investor sales played a large part in that lead.

ARC found that the 46-story high-rise sold 50 percent of its 714 units in a single quarter. Since then, though, the project has reported just a handful of additional sales, as Joe Askins reported at the end of January. Look for more on CMK Companies1720 S. Michigan in the March issue of New Homes Magazine.

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