I 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 Companies‘ 1720 S. Michigan in the March issue of New Homes Magazine.
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