Tuesday, June 21, 2011
A bidder?
Positively Palermo received this information: "Hi Penny, through a source in the local real estate business, it appears that the leading bidder for Palermo's unsold units and vacant land is an outfit out of San Diego called Strata Equity Group. They specialize in land development (getting it ready to build and getting the permits from the city) and managing real estate (including residential rentals and commercial space) in emerging markets in Southern California and Arizona." Their Web site is www.strataequity.com. Miss Penny Lane says: It's only Tuesday night, but she just might have a Cosmo as a nightcap to celebrate the news.
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