Register    |    Log In
The Seattle Condo Blog

The Seattle Condo Blog | Seattle Condos and Lofts

  • Home
  • Services
  • Condos for Sale
  • Condo Directory
  • Featured Condo Listings
  • About
  • Contact
  • Condo News
    • Condo News – Conversions
    • Condo News – New Projects
    • Condo News – Other Development News
    • Condo News – Pricing and Incentives
    • Condo Ownership News & Info
    • Mortgage
    • Seattle Community Info
  • Condo Reviews
    • Ballard Condos
    • Bellevue Condos
    • Belltown Condos
    • Capitol Hill Condos
    • Central Seattle Condos
    • Denny Triangle | Midtown
    • Downtown | Pioneer Square
    • Eastlake Condos
    • First Hill Condos
    • Fremont Condos
    • Green Lake | Greenwood
    • Magnolia Condos
    • North Seattle Condos
    • Phinney Ridge Condos
    • Queen Anne Condos
    • South Lake Union Condos
    • U-District Condos
    • Wallingford Condos
    • West Seattle Condos
  • Condo Spotlight Listing
  • Events
  • Market Updates
  • Resources
    • Home Buying
    • Pre-Sales
    • Rentals
    • Resources Inspection
  •                                                     

Tag Archive | "Intracorp"

BelBoy price reductions

Posted on 22 May 2010

Tags: BelBoy Condo, Intracorp, Live Historic, Seattle Condos


Post Updated: 5/24/2010

Seven units of the BelBoy Condominium on Capitol Hill, the “E” and “F” Buildings (pictured above), have reduced prices and are now being sold through Intracorp Marketing & Sales.

In addition, the preferred lender, Pacific Continental Bank, is offering a $5,000 buyer bonus and a special 5% down payment financing with no mortgage insurance. The BelBoy is located on Belmont Ave between Pike & Union and is open Friday – Monday, 10 am to 6 pm.

Current pricing:

Live Historic has been instrumental in redeveloping many older properties in Seattle, though several of their other developments have endured financial difficulty – the Pittsburgh, Queens Court and the Marlborough.

Condo News - Other Development News, Real Estate Comments (2)

Parc interest rate buy-down promotion

Posted on 19 January 2009

Tags: Belltown, Intracorp, Parc Belltown, Seattle Condos


The Parc condominium in Belltown is currently offering a pretty good rate buy-down promotion on their remaining homes. Based on the rate info they provided, the 2/1 buy-down can lower the rate down to 2.875% for the first year, then 3.875% the second year, finally locking in at 4.875% for the remaining loan term (30 year fixed).

The promotion runs for a limited time but is available to any of the remaining 20 homes that’s under contract by February 28, 2009. The buy-down rate, which is subject to change, is based on a 30 year fix loan with 10% down payment through their preferred lender, Countrywide. It does not apply to re-sale properties.

As an example, the Parc currently has a 1,237 square foot 2-bedroom unit available for $429,000. With the rate buy-down the first year’s payment would be around $1,600, excluding PMI and taxes.

Condo News, Condo News - New Projects, Real Estate Comments (0)

Domaine development to be auctioned

Posted on 10 December 2008

Tags: Condo Auction, Domaine, Intracorp, Queen Anne Condos


Domaine CondoAccording to the Daily Journal or Commerce, the Domaine Condominium development on Aurora Avenue is being offered for auction (Trustee’s Sale) on February 6, 2009 to the highest and best bidder. Intracorp, apparently, was unable to unload the project as apartments as it did with Expo62.

The article states a limited liability company affiliated with Intracorp is in default on a $22.51 million construction loan with KeyBank. They are also behind on a $11.6 million mezzanine loan through Residential Funding Company (RFC), plus interest and other fees. RFC is foreclosing on all its collateral for the loan.

Intracorp has been hit hard this year with dismal results of its downtown condominium strategy (Expo62, the Parc, Domaine and 1915 2nd Avenue) and, reportedly, reduced its staff.

The auction will take place at 9:30 AM at the King County Administration Building on February 6th, 2009.

Condo News, Real Estate Comments (5)

Intracorp seeking to unload another property

Posted on 07 August 2008

Tags: 1915 2nd, Intracorp


Just a couple of weeks ago we reported that Intracorp was seeking approval to revise its 1915 Second project, increasing its height from 240 ft to 400 ft. Now, Intracorp has put the property up for sale per this listing on the Moran and Co. website.

In reading the listing description one passage is revealing, notably, the part where the 1915 parcel could be combined with the 1931 Second Ave lot. According to the Daily Journal of Commerce, who first reported this story, it was news to the people behind the 1931 project (Columbia West and The Justen Company):

“That’s unbelievable,” [Justen's Marty] Goodman said of the listing. “We’ve had discussions with them (Intracorp). We haven’t had discussions with them about listing our property as a potential assemblage.”

Update: Interesting…the Intracorp’s interactive Domain Condo website has been replaced with a “priority registration” page. Intracorp previously listed this property for sale as apartments on the Moran and Co. website.

Update 8/13: I’ve been trying to obtain confirmation on the status of Domaine to no avail…seems Intracorp is keeping mum. I wouldn’t be surprised if Domaine joins Expo62 (Axis) and Moda given they’ve closed their sales office, removed signage, dummy downed the website and are media shy (not me…the DJC and PI).

Condo News - New Projects, Real Estate Comments (2)

The Other Shoe Drops – Domaine

Posted on 23 January 2008

Tags: Domaine, Intracorp, Seattle Condos


According to the Daily Journal of Commerce, Intracorp has offered Domaine up for sale as apartments. The project is listed for sale on the Moran & Co. website, view listing here.

In response to questions about the listing, Intracorp said, “Domaine has not been sold and we are currently selling condos and townhomes” in the development. “However, Intracorp is evaluating market conditions and working hard to provide housing solutions in response to the demand.” It offered no other comment.

Also, Matt’s post and DJC article.

Not surprised as there’s been speculation on both Expo 62 and Domaine for several months now. While it does speak volumes about the current market, the sale of both of these projects as apartments actually helps the condo market in the long run. If Domaine does sell, that’s another 91 units off the market in addition to the 114 at Expo 62.

These events will also impact the other proposed projects that’ll ultimately strengthen the marketplace. Vulcan has shelved The Martin project at 5th & Lenora until the market improves and Murray Franklyn confirms that it’s 7th & Westlake project will not proceed as planned.

Update 8/13: I’ve been trying to obtain confirmation on the status of Domaine to no avail…seems Intracorp is keeping mum. I wouldn’t be surprised if Domaine joins Expo62 (Axis) and Moda given they’ve closed their sales office, removed signage, dummy downed the website and are media shy (not me…the DJC and PI).

Queen Anne Condos Comments (0)
1521 Second

Sanctuary

The Pontedera Condos

Burien Town Square

 

SEARCH The Seattle Condo Blog

 

Sign up for our Newsletter
Email:

 

 

Recent Comments

  • Jason on: First Quarter 2012 Seattle Condo Report
  • Ben Kakimoto on: Escala & The Sanctuary raise prices
  • jane on: Escala & The Sanctuary raise prices
  • George on: Eleven Eleven East Pike Condos (1111 East Pike)
  • Miguel Diaz on: Downtown Bellevue Condo Project Update
  • Tolin on: New Rules for Buying a Seattle Condo
  • Ben Kakimoto on: 3% Down Payment Conventional Condo Loans are Back

Condo and Real Estate Blogs

  • 425 Realty
  • Aurora Real Estate Blog
  • Downtown Toronto Condos
  • Las Vegas Short Sales
  • Map of new condos
  • Maui Condos
  • More blogs & directories
  • Orlando Condos
  • Real Estate Tidbits
  • Seattle Real Estate

Local Blogs

  • Belltown People
  • Capitol Hill Seattle Blog
  • Changing Construction
  • Elemental Architecture
  • Seattle Bubble
  • Seattle Condo & HOA Attorney
  • Seattle Savvy
  • urbnlivn

Recent Posts

  • Spotlight: Alki View Condo | Open House
  • First Quarter 2012 Seattle Condo Report
  • Escala & The Sanctuary raise prices
  • National Open House Weekend – April 28 & 29, 2012
  • Downtown Bellevue Condo Update
  • Seattle “New” Condo Round-Up
  • 3% Down Payment Conventional Condo Loans are Back
  • Spotlight: Union Arts Loft #1B on Capitol Hill
  • March 2012 Seattle Condo Market Update

Seattle Condo Buildings

Downtown / Belltown Condos

  • 2200
  • 5th & Madison
  • Avenue One
  • The Cosmopolitan
  • Cristalla
  • Enso
  • Escala Condo
  • Fifteen Twenty-One
  • Four Seasons Private Residences
  • Gallery
  • Insignia Towers
  • Jackson Square
  • Madison Tower
  • Marselle
  • Mosler Lofts
  • The Nord
  • Olive 8
  • The Parc
  • Stadium Lofts
  • Tobira Condominium
  • Trio
  • Veer Lofts

More Condos


Queen Anne Condos

  • 1717 5th Avenue
  • 200 West Highland
  • 22 West Lee
  • Andiamo
  • Dexter Place Condos
  • Leona
  • Lumen
  • Luxe
  • Marc Anna
  • McKean
  • The Pittsburgh
  • Queen Anne High School
  • Residences at Fifth Avenue North
  • Serana

Capitol Hill Condos

  • Bellagio on Capitol Hill
  • The Betsy Ross
  • Braeburn
  • Brix
  • The Decatur
  • Eleven-Eleven
  • First Church Condo
  • Harvard + Highland
  • Lakeview Residences
  • Madison Lofts
  • Meritage
  • Mezzo
  • Mode
  • Nine Cherry Square
  • Trace Lofts

More Condos


North Seattle Condos

  • 4217 Fremont
  • aZulFlats
  • Canal Station
  • Fini Condos
  • Florera Greenlake
  • The Danielle
  • Duncan Place
  • Hjarta
  • Jade Mountain Condo
  • Maison
  • Maris
  • The Metropole
  • NoMa
  • Sapphire

More Condos


West Seattle Condos

  • 1350 Alki
  • Lighthouse Point
  • Sylvan Ridge
  • West Water

Eastside Condos


Bellevue
  • Belle Arts
  • Bellevue Towers
  • Continental
  • Essex On The Park
  • One Main Street
  • Washington Square

Copyright © 2006-2012 Seattle Condos and Lofts Blog. All Rights Reserved. Comment & Privacy policy    Ben Kakimoto, Keller Williams Greater Seattle

The Seattle Condo Blog is Seattle's most respected source for Belltown Condos, Queen Anne condos, Downtown Seattle condos, Capitol Hill condos, Ballard condos, Green Lake condos, Greenwood condos, Fremont condos.