We are finally enjoying a nice Spring! Not that we complained about the 14 feet of snow we got at the end of March and early April….whoa, that was fun stuff!. It is great to see the sun again in Park City though. We are still waiting for the season end ski reports, but the [...]
Continue reading about Park City market still showing some decent activity for “mud season”
This is breaking news on the Promontory front….see the press release below:
PROMONTORY EMERGES FROM BANKRUPTCY -
SUCCESSFUL BIDDER IS AFFILIATE OF ORIGINAL DEVELOPER
PARK CITY, Utah (April 17, 2009) – The U.S. Bankruptcy Court, District of Utah, today confirmed Pivotal 7000, LLC, an affiliate of Promontory’s original developer, Pivotal Group, as the winner of the recent [...]
Continue reading about Promontory is out of bankruptcy, and Pivital gets the project back!
As we approach the end to another great (albeit bi-polar) Winter, the market is showing some signs of life. The negative side of things is that we are still having trouble getting Buyers financed, and all the while inventory is rising. On the positive side there are about 3 properties a day closing and about [...]
New West’s update last night was true….see the latest press release from Promontory:
CREDIT SUISSE ELECTS AUCTION PROCESS FOR PROMONTORY
~ Approved U.S. Bankruptcy Court reorganization plan anticipated this option ~
PARK CITY, UTAH, Mar. 20, 2009 – The Promontory chapter 11 case moved another step closer to completion yesterday, as Credit Suisse, the Agent for Promontory’s first lien holders, elected not [...]
Continue reading about Breaking news on the Promontory front….
Before we get into the Promontory update…..here is a little info about what has been going on lately…It snowed like crazy earlier this week, which made for a few epic ski days! Now things are warming up, and we are getting ready for a weekend of bluebird spring skiing!
In the market over the past 10 [...]
Continue reading about Promontory Reorganization Plan Confirmed by Bankruptcy Court
