RLS issues?

David Goldsmith

All Powerful Moderator
Staff member
For 1 Manhattan Square are we sure there isn't an issue with their "rent-to-own" listings being counted as "in contract"?
 

John Walkup

Talking Manhattan on UrbanDigs.com
In the case of 1 Manhattan Sq, it's more likely the case that Extell is not updating RLS in a timely fashion. In fact, for many of the rent-to-own listings on their site (what a great idea btw), there doesn't appear to be an RLS record. One of the many new dev problems....
 

David Goldsmith

All Powerful Moderator
Staff member
 

David Goldsmith

All Powerful Moderator
Staff member
Extell is probably carrying more vacant condo inventory without income than anyone else right now. They have also sold off multiple projects they originally intended to develop themselves. And they recently switched from inside marketing to an outside broker on a major project.
 

John Walkup

Talking Manhattan on UrbanDigs.com
Exactly - constantly in motion and not waiting for the market to come to them. Except for maybe the vacant inventory ;)
 
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