News

May 22, 2009

Santa Cruz Condo Rescue Seen as 'Cinderella' Story

Santa Cruz - Campbell contractor Robert Putnam calls the trend toward bankruptcy sweeping through condominium projects all over California "broken condos"

But unlike many delinquent developments headed to foreclosure, Putnam was able to "fix" a Santa Cruz project built by his construction firm by investing himself, partnering with the former landowner and turning it into rental property.

Read the entire story at:

http://sanjose.bizjournals.com/sanjose/stories/2009/05/25/story3.html