Phoenix Associates Land Syndicate (fka PBLSQ)

[grizzy]

The surrounding properties are law offices, restaurants, etc. This will *not* be an employee's personal residence.

But I have to admit, it's a strange move for the kind of capital they spent on this. I know they are raking in the dough, but I'm not convinced this was a wise business move, and certainly not a wise-looking business move. A purchase of an office-building with 50 offices would've at least told us that they have alot of staff they need to find room for.

But a 3 BD, 2 bath house on the river? I'm not denying that people buy old estates for business use, but this is hardly an *expansion*.

What this does tell us is that they made some money in the past few months. Regardless, foot in my mouth from my first post today....