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In The News
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| 4/18/2008 |
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Source: Tallahassee Democrat
Author: Dave Hodges
Title: St. Joe land sale reflects growing interest in online auctions
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The public's comfort with Internet technology and business transactions is fueling the growth of online real estate auctions, including tracts now offered by the St. Joe Company.
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| 4/18/2008 |
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Source: Forbes
Author: Carrie Coolidge
Title: The House That Rigas Built
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As a symbol of corporate excess, the opulent headquarters of the fallen Adelphia cable company ranks up there with $6,000 shower curtains. Sitting on a hill dominating Coudersport, Pa., the 72,000-square-foot, three-story brick building cost $30 million to build, what with its cherry paneling, granite pillars and Palladian windows. The company met its demise after its former chairman, John J. Rigas, and his son Timothy looted the company. Convicted of various frauds, father and son now reside in the same federal prison in North Carolina.
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| 4/18/2008 |
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Source: Destin Log
Author: Fraser Sherman
Title: Bidding war? Auctions thrive as market dives
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Even in a slow real estate market, the chance to buy property dirt cheap will bring buyers out, Destin real estate auction companies say.
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| 4/8/2008 |
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Source: Bradford Era
Title: Former Adelphia headquarters sold to highest bidder for $3.6 million
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The Adelphia Communications Corp.s Coudersport headquarters has been sold to the highest bidder at $3.6 million a small fraction of its $30 million value.
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| 4/8/2008 |
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Source: Bloomberg News
Author: Bob Ivry
Title: John Rigas's `Taj Mahal' Sold to Illinois Firm for $3.6 Million
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The headquarters John Rigas built for Adelphia Communications Inc., called ``the Taj Mahal'' by neighbors in Coudersport, Pennsylvania, sold Friday for $3.6 million after an Internet auction, according to public records.
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Press Releases
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| 8/8/2008 |
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Title: Online Land Auction across Three States Gathers Momentum as Bid Deadline...
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NEWPORT BEACH, CA– With about six weeks until the bid deadline, the online auction of fourteen land parcels, stretched across Mississippi, Alabama and Florida, continues to attract considerable int...
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| 7/23/2008 |
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Title: LFC Group of Companies Launches Online Auction of More than 7,000 Acres...
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NEWPORT BEACH, CA– The LFC Group of Companies, the nation’s premier online real estate auction marketing firm, is proud to announce the launch of a new land auction on its commercial auction websit...
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| 5/13/2008 |
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Title: The LFC Group of Companies Offers Landowners an Innovative and Effective...
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NEWPORT BEACH, CA– With many economists and market analysts predicting that the commercial real estate market is not far behind the housing market in the current downturn, there are plenty of lando...
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| 4/9/2008 |
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Title: One Month to Bid Deadline; Interested Buyers Still Have Time to Place a...
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NEWPORT BEACH, CA–With less than one month until the bid deadline, all three parcels of land owned by St. Joe—Concord, Sabal Island and Brewton Lane—have received considerable interest from buyers...
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| 4/8/2008 |
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Title: Adelphia’s Former Headquarters Building Finally Sold: Third Time’s a Cha...
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After two online auctions, two defaulted buyers and an alleged embezzlement, involving the FBI and the Boston District Attorney’s Office, the LFC Group of Companies has successfully sold Adelphia C...
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Industry News
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| 9/28/2008 |
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Source: CNN Money
Author: Tami Luhby
Title: Bailout: What's in it for homeowners
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Sunday's revised plan calls for the Treasury to work with loan servicers to stem the tide of foreclosures, but how that will happen remains unclear.
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| 9/23/2008 |
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Source: New York Times
Author: David M. Herszenhorn
Title: Bailout Talks Advance, but Doubts Voiced in Congress
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The Bush administration and Congressional leaders moved closer to agreement on a historic $700 billion bailout for financial firms on Monday, including tight oversight of the program and new effort...
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| 9/19/2008 |
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Source: Market Watch
Author: Amy Hoak
Title: Credit crunch, economic turmoil halts commercial real estate deals: report
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Commercial real estate deals are, for the most part, on hold these days as buyers and sellers wait for the credit crunch to ease and the economy to rebound, according to a report released Thursday...
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| 9/18/2008 |
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Source: New York Times
Author: Michael Grynbaum
Title: Markets Gyrate After Central Banks’ Move
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Wary investors waded back into the stock market on Thursday after the world’s central banks embarked on a coordinated effort to ease the fear coursing through the global financial system
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| 9/16/2008 |
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Source: New York Times
Author: Terry Pristin
Title: Risky Real Estate Deals Helped Doom Lehman
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Significant losses that Lehman Brothers suffered from its part of the acquisition of Archstone-Smith, a national apartment portfolio, helped to bring down the investment bank, one of the most vener...
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