GTH Represents Buyer of Highly Sought-After Condominium Project

GTH partner Jemima McCullum is on the move again, representing a limited liability company in the purchase of one of the most controversial and sought-after properties in Pierce County. Jemima negotiated the purchase of 58 of the 62 units in the Harbor Glen Condominium for $2.74 million, which equates to $47,241 per unit while the average price for units in the County is $76,269. The seller, Horizon Bank, acquired the units via a trustee's sale earlier in the year after the project hit a down market. We are likely to see more of these kind of transactions -- up to a dozen failed condominium projects will likely come on the market in the region in the near term.