A buyer offers $72 million for a Palisades property listed at $90 million, citing geotechnical problems and cleanup costs. The offer is firm and conditional on full resident evacuation, designed to force the seller to justify a higher price or accept the lowball bid.
Let's make an offer on the Palisades for, say, hey, we want to offer $72 million. Take it or leave it. What do you think?
Okay. Can you imagine a $90 million property and we offer $72,000?
No, don't do that. $72 million. If it's $90 million, if they think it's worth $90 million, we want, we need to know how and why. It's got, we already know that it has like geotechnical issues. It has a lot of cleanup that has to be done. And so, and we're not going back with like Some fancy bullshit. We're going back with exactly what the county wants us to put back and that what we're getting under the mayor's— we're following all the rules to get it done. So letting them know we'll buy the property for $72 million as long as there is not one single resident left. And we can start the negotiations from there. They want it to go up, like, okay, justify it. Why do we have to go up? Oh, well, we have another offer. Fill it. I dare people to fill their offer.
Okay. Sounds good.
