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Kristena Hansen at Phoenix Business Journal reports reservation of the iconic David and Gladys Wright home in Phoenix hit yet another setback over the weekend when a second mystery buyer abruptly backed out of the deal.
The preservation-minded buyer was planning to put down escrow money, but pulled out.
“It’s very disheartening for me because I tried so hard and put so many hours into this,” said Robert Joffe, the pro bono listing agent. “With the vote happening so fast, they feel they didn’t have time to complete due diligence to their comfort level.”
Phoenix City Councilman Sal DiCiccio and Joffe said the conditions of both buyers was to remain anonymous even after the transaction closed, at which point it becomes public record. So to do so, each planned on paying cash and holding the title to the Wright property in an untraceable corporation specifically set up for that purpose.
Also: DiCiccio: Architecture buffs should pony up cash for Wright home
