How low will it go? Millennium Tower’s troubles haven’t peaked
Revelations that the Millennium Tower in downtown San Francisco has sunk 16 inches and is tilting are just the opening act in a mega-million-dollar “who knew what and when” drama that portends even more troubles ahead for the high-end high-rise. A geotechnical engineer hired by the 58-story condo tower’s homeowners association — and paid for by the developer — warned residents in May that the building is still sinking at a rate of about an inch a year and shows no signs of slowing down, according to those in attendance. Read the article…………..
North Queensland (Australia) strata property owners slugged with massive insurance premium increases
Owners of strata properties in North Queensland have been hit by insurance premium increases of up to 200% over the
Condo owners who rent out their units are in for some sticker shock if their policies are with State Farm.
With construction-defects reform dead at the statewide level for 2015, the fight is likely to shift now to Colorado cities