Jumat, 24 Februari 2012
Real Estate Icon For The Ghost Town Symbolizes Woes
A abandoned, 142-acre property between Santa Cruz and San Francisco is a rare swath of available land in complete with its own zip code, 95026 and a great property, only 5 miles away from civilization,” said Dave Haugh to a Grubb & Ellis senior vice president in San Jose, in a brief phone conversation.
They are not even Grubb & Ellis’s /quotes/zigman/8025908 GRBE -3.41% iconic yellow-and-black “for sale” sign has clinched a deal in the haugh has listed Holy City since October and he is just the latest broker trying to sell a property that has lingered on the market since at least 2006 On the plus side to features majestic redwood trees and a creek with waterfalls in the minus side to has no sewer system, some dilapidated buildings and a creepy history.
And the Haugh of Grubb & Ellis said he has worked with the owners to lower the price from $11 million down to $7.5 million and the grubb & Ellis, one of the nation’s oldest commercial real estate firms to lower its price to stock was delisted from the New York Stock Exchange after the firm suffered a long string of operating losses in bankruptcy filing, Grubb & Ellis blamed the economic meltdown, a painfully slow recovery and an ill-fated merger in December 2007.
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