Slow times in the real estate market

While sales of downtown Phoenix condos have been slow at best, it might be somewhat comforting to know that it's that way everywhere. One (formerly) popular suburban subdivision-- and I'm talking about a quality, non-cookie cutter development-- is currently projecting it will see one closing per month. One.

Time to batten down the hatches and ride out the storm...

Downtown Phoenix's next tower: Central Park East

* I've been out of town and moving the past couple weeks (I'm still a downtown resident, however) and have been unable to post until now. One quick comment after cruising through downtown yesterday: construction at Central Park East is imminent. An Arizona Republic story on Sunday pinned the construction start "within the next few months," but yesterday the site at Van Buren and Central Avenue had a construction trailer and several construction vehicles on location and it looks like things are going to get started a lot sooner. I'm excited for this project-- it adds much-needed office space downtown and the building's renderings are impressive. Bring on the crane!