Two newspaper articles regarding a condominium high-rise building in San Francisco known as the "Millennium Tower" came to the attention of the San Francisco Association of REALTORS® ("SFAR) on August 1, 2016.
The first, entitled "S.F. tower for rich, famous is sinking," was in the San Francisco Chronicle; the second, entitled "Finger pointing begins in Millennium luxury tower mess," was in the San Francisco Business Times. Other articles or sources of information in this regard may be available.
Because the situation is still in flux and no one really knows how or when it will be resolved, the San Francisco Association of REALTORS® has released a new form intended solely for use with listings and sales of units in the Millennium Tower in San Francisco to help protect REALTORS®.
The SFAR forms committee has put together a packet of information to be included with the Millennium Tower Advisory Form. Buyers are urged to carefully review all such information and conduct their own investigation before the purchase of any unit in the Millennium Tower, preferably during Buyers' inspection contingency, if any.
Click here for the Millennium Tower Advisory Form and related articles.