One of the tough things about buying units in new projects is that it's hard to know the fair market value. While the developer will set a price -- it's the open market that determines whether that price is fair. As the famous Los Angeles agent Ari Emmanuel recently said, "Fair is where you end up." For new projects, where others end up tends to be a secret.So, it's always interesting when the first new units in a prominent new building begin transacting on MLS. While it is not clear if it is a new or resale . . .
