Just before the long weekend, the bankruptcy court approved dip financing that will continue operations at Promontory through January 2009. Pivotal (the current developer of Promontory, who was forced into Bankruptcy in March) provided the financing from one of their other Pivotal company…the judge ruled that the two companies, Pivotal Promontory and the other Pivotal [...]
Continue reading about The market is heating up a bit and Promontory news
Promontory has its next scheduled court date next Monday, June 23. So while there is no news yet, next Monday afternoon should be interesting. Other than that, there are some good deals in the development, and the golf season in cranking up & running beautifully.
Just in the past day we have seen some decent activity [...]
Continue reading about Market activity and no news from Promontory….yet
Ski Utah reported that the 2007-2008 ski season was the best ever (in numbers and snowfall!!!), and a record breaker for the fifth year in a row with 4.3m skier days! Earlier estimates show that it might have been a record breaking year for the nation as a whole with somewhere around 60 million skier [...]
Continue reading about Greatest ski season ever, other news & notes, and a market update
Since Friday we have seen 69 properties come on the market, 29 close, and 18 go pending.
Of note:PENDING:-30 acre residential lot in Silver Creek for $2.4m…nice views from this horse property.-Aspen Spring Ranch home at $1.45m; 5910 sq ft, 5bd/4ba…only $245ppsf!CLOSED:-4 different cabins at Promontory ranging from $1.582m (2015 sq ft & 2bd/3ba) to $1.996m [...]
Continue reading about Slight Rate Cut & An Update Of Course
