Solaria auction leaves some loose ends and claims

The press release just arrived, two days later than promised, and here it is verbatim (don’t worry, it’s not very long):

FOR IMMEDIATE RELEASE

REDC HOLDS NEW YORK CITY’S FIRST SUCCESSFUL

HIGH-RISE AUCTION FOR SOLARIA CONDOMINIUM

Close to 1,800 Pre-Registered and 550 in Attendance

New York, NY – November 23, 2009 – Real Estate Disposition, LLC (REDC), the nation’s largest real estate auction firm, conducted the first successful NYC luxury high-rise auction for the Solaria condominium on November 22, 2009, with the developer receiving bids and contracts on all homes.

“This auction was an incredible success,” said Robert Friedman, Chairman of REDC. “The buyers of these luxury condominiums got some amazing deals and the developer was able to sell many homes in just a few hours. We already have more than 21 contracts, with over $17 million in proceeds from auction day, and we expect to sell the building out over the next month in our post-auction effort.  We will announce the final sold amount once the program is complete. ” Continue reading

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In Long Island City, operators are standing by

View of Manhattan from LHaus in Long Island City

This is the view from the condo that my clients hope to buy.

Kicking and almost screaming, I was dragged to Long Island City the other day by clients who became discouraged in their search for an apartment in Manhattan with the space and carrying costs that they were willing to spend.

I was certain they would hate the area, and I was so wrong.

We first visited a sort of cheesy new development on a block of active light industry, and the condo there had aspects that intrigued my clients.  Then we went to one called L haus at the foot of the Polaski bridge. Continue reading