Tag Archives: real estate auction

Bankruptcy Auction Set for Hollywood 33-Unit Apartment Complex

HOLLYWOOD, Calif., June 3, 2025 (SEND2PRESS NEWSWIRE) — ThreeSixty Asset Advisors and Tranzon Asset Strategies have been appointed by the United States Bankruptcy Court to auction a 33-unit apartment complex located in the heart of Hollywood. The sale process is overseen by Chapter 7 Trustee Sam Leslie for the bankruptcy estate of Marisela Montejo (Case No. 2:24-bk-17786-NB). The auction will take place online on June 17, 2025 at 11 a.m. PDT.

Photo caption: Bankruptcy Court Orders Sale of Prime Hollywood Multifamily Property.

The property is prominently situated just south of Franklin Avenue, directly across from the Scientology Celebrity Centre, making it an attractive location for potential buyers. The building features a diversified mix of units, including 20 singles, 9 one-bedroom units, 3 two-bedroom units, and one three-bedroom apartment.

The complex sits on an 18,513-square-foot lot with a total building area of 17,095 square feet. The current structure and layout present opportunities for potential expansion or optimization, subject to local city allowances. The property includes 33 parking spaces, a central courtyard, and an on-site laundry facility. Currently, tenants are responsible for electricity, while gas and water utilities are covered by the landlord.

Situated within easy walking distance of Hollywood’s numerous amenities, dining options, and entertainment venues, this complex is particularly appealing to residents and presents a notable investment opportunity.

“This auction presents an exceptional opportunity for investors looking to acquire a multifamily asset in a prime Hollywood location. The property offers clear potential for value-added enhancements and income growth through strategic and thoughtful management,” said Jeff Tanenbaum, President and Auctioneer of ThreeSixty Asset Advisors.

Interested parties seeking more information or specific details regarding property showings and the auction can contact Three Sixty Asset Advisors and Tranzon Asset Strategies by calling 888-314-1314 or visiting https://www.tranzon360.com/. Direct inquiries can also be sent to Tiffeny Cook at tcook@tranzon.com.

MULTIMEDIA:

Photo link for media: https://www.Send2Press.com/300dpi/25-0503-s2p-hollywoodmfp-300dpi.jpg

Photo caption: Bankruptcy Court Orders Sale of Prime Hollywood Multifamily Property.

MEDIA CONTACT:
Tiffeny Cook
Tranzon Asset Strategies | ThreeSixty Asset Advisors
Phone: 888-314-1314
Email: tcook@tranzon.com

NEWS SOURCE: ThreeSixty Asset Advisors

This press release was issued on behalf of the news source (ThreeSixty Asset Advisors), who is solely responsible for its accuracy, by Send2Press Newswire. Image, if any, was provided by the news source and not this website or the wire service. Information is believed accurate, as provided by the news source, but is not guaranteed.

To view the original story, visit: https://www.send2press.com/wire/bankruptcy-auction-set-for-hollywood-33-unit-apartment-complex/

Prime Goochland County, Virginia Development Land Up for Grabs at Auction

RICHMOND, Va. /ScoopCloud/ -- Town hall meetings focused on the future of Centerville in Goochland County reveal neighbors who are keenly aware of inevitable growth and development, with an expressed desire to "grow gracefully," according to Tranzon Key.

The Timmons Group created and presented the Centerville Small Area Plan, a vision to guide future development over the next 10-20 years with an eye to preserving local, rural flavor. "Short Pump is very close and convenient to us. Centerville does not want or need to look like Short Pump," is characteristic of refrains heard during public comment at these meetings.

Local residents are already seeing residential developments springing up - Reader's Branch and Mosaic are a couple of the newer ones, with the Parke and Kinloch as more mature subdivisions. And Goochlanders can't help but notice the recent sale of The Pickle Barrel Restaurant property for $1.6 million, the demise of the truck and Exxon dealers at Hockett and Broad Street Roads, and FOR SALE signs along the I-64 and 288 corridor. What will the future bring?

Luck Stone, the Federal Reserve, Wawa, Main Street Homes, D.R. Horton, Eagle Construction and others have been suitors for land parcels up for sale in the area, with more in the wings.

This could be a great time to pick up land still zoned for agricultural use, but in the bullseye of the Centerville area targeted for prime commercial development, and now, 70+ acres that fit the bill are up for auction on September 13th. Four parcels, north and south of Three Chopt Rd, with road frontage and electricity are being offered for sale to the highest bidder(s).

For more information, please use the link below to visit the listing at Tranzon's website.

Link to auction website:

https://www.tranzon.com/fx2045a

Link to Goochland's Centerville Village Small Area Plan

https://www.goochlandva.us/1201/Goochland-County-Village-Plans-2022

About Tranzon:

In 2000, a group of real estate auctioneers banded together to create Tranzon, LLC, a nationwide network that revolutionized the way real estate professionals bring buyers and sellers together. Today, the Tranzon team features some of the most experienced real estate, marketing, and auction professionals in the business. Using Tranzon's Market-Making System (TM), a proven methodology for the accelerated sale of property, the company has conducted tens of thousands of successful commercial and residential auctions for clients including financial institutions, trusts, guardians, estates, and private individuals. All Tranzon companies are independently owned and operated. Tranzon Key, VAAF 423.

Town hall meetings focused on the future of Centerville in Goochland County reveal neighbors who are keenly aware of inevitable growth and development, with an expressed desire to "grow gracefully," according to Tranzon Key. Local residents are already seeing residential developments springing up - Reader's Branch and Mosaic are a couple of the newer ones.

Related link: https://www.tranzon.com/

Shares of Capital Stock of 45 East 66th Owners Corporation Offered at Auction

CENTRAL ISLIP, N.Y. /ScoopCloud/ -- Maltz Auctions, a premier full-service auction company serving the Continental United States and Caribbean, has announced it will auction 1835 shares of capital stock of 45 East 66th Owners Corp. and appurtenant to 45 East 66th Street, PHAB, New York, New York on Wednesday, March 2, 2022, at 9:30 a.m., in person at the offices of Pryor Cashman LLP, located at 7 Times Square, New York, NY, and online via Maltz Auction's website https://remotebidding.maltzauctions.com/.

"The penthouse has been described and photographed by others extensively as recently as October 2021," stated Maltz President and CEO, Richard Maltz. "They've stated it's an open-concept duplex residence offering approximately 4,020 sq. ft. of living space surrounded by 3,455 sq. ft. of set-back terraces, ideal for entertaining. It features 4-5 well-proportioned bedrooms, 4.5 luxurious bathrooms, a corner living room with large skylight, an enormous dining area, a chef's dream kitchen with separate breakfast area, all surrounded by a wall of glass, filling the space with natural light. There is also a laundry room, a media room or den, and workstation.

"Features include multi-zone central air conditioning, soundproof architectural floors, private water pumps, and upgraded electric power. There is a private elevator landing leading to a windowed entry foyer, a grand corner living room with large skylight and glass walls with access to a terrace, an enormous dining area, a powder room, and a kitchen, with a separate breakfast area. There are three bedrooms, a media room, four bathrooms, three of which are ensuites, and a utility/laundry room.

"There is also a spacious workstation lounge under the cantilevered stairway that leads to the upper level. Dedicated to the master bedroom suite, the upper level has a welcoming windowed seating area, flanked by the corner master bedroom with walk-in closet and access to a terrace. Of course, since access has been unavailable, and we gleaned information from online sources, the description is not represented to be accurate."

SALE INFORMATION:

* PLEASE TAKE NOTICE, that, in accordance with applicable provisions of the New York State Uniform Commercial Code (the "Code"), including, without limitation, Sections 9-604(e) and 9-610(a) of the Code, Rock Harbor Capital, LLC, a Delaware limited liability company ("Secured Party"), by Richard B. Maltz, DCA# 1240836 or David A. Constantino, DCA# 1424944 ("Auctioneer"), will offer for sale, at public auction, those certain 1835 shares of capital stock of 45 East 66th Owners Corp. issued to David J. Mitchell ("Borrower") and appurtenant to 45 East 66th Street, PHAB, New York, New York 10065 (the "Shares"), and the related Proprietary Lease dated July 24, 2013 between Borrower and 45 East 66th Owners Corp. (the "Lease", and together with the Shares, collectively, the "Collateral"). The public auction will be held in person at the offices of Pryor Cashman LLP, 7 Times Square, New York, New York and online by desktop bidding at RemoteBidding.MaltzAuctions.com on March 2, 2022, at 9:30 a.m. (Eastern Time) (the "Sale Date"). All bidders must pre-register via Maltz Auction's online bidding app (Maltz Auctions), available for download via the App Store or Google Play, by no later than March 1, 2022, at 9:30 a.m. (Eastern Time). Any bidder intending to appear in person at the offices of Pryor Cashman LLP (the "Offices") must also contact Marie P. Hofsdal, Esq. by email at mhofsdal@pryorcashman.com, by no later than March 1, 2021, at 9:30 a.m. (Eastern Time) to obtain access to the Offices. In addition, all bidders intending to appear in person must be prepared to show a government issued ID and may be required to follow certain COVID protocols then in effect, including completing a wellness check, providing proof of vaccination, and wearing a mask while inside the Offices.

* The Collateral is being offered as a single lot, "as-is, where-is", with no express or implied warranties, representations, statements, or conditions of any kind made by the Secured Party or any person acting for or on behalf of the Secured Party, without any recourse whatsoever to the Secured Party or any other person acting for or on behalf of the Secured Party. The Secured Party reserves the right to credit bid, set a minimum reserve price, reject any or all bids (including without limitation any bid that it deems to have been made by a bidder that is unable to satisfy the requirements imposed by the Secured Party upon prospective bidders in connection with the sale or to whom in the Secured Party's sole judgment a sale may not lawfully be made) and terminate or adjourn the sale to another time, without further notice. Further information concerning the Collateral, the requirements for obtaining information and the terms and conditions of bidding on and sale of the Collateral can be obtained through Auctioneer at Maltz Auctions, 39 Windsor Place, Central Islip, NY 11722, 516-349-7022, info@MaltzAuctions.com.

* Secured Party reserves the right, on or prior to the sale, to withdraw all or any part of the Collateral from the sale for any reason whatsoever, to modify, waive or amend any terms or conditions of the sale and, if Secured Party deems appropriate, to reject any or all bids or to continue the sale to such time and place as Secured Party, in its sole and absolute discretion, may deem fit, or to cancel such sale. Additional or amended terms and conditions of the sale may be announced before or on the Sale Date, or any continued Sale Date.

* NEITHER THE COLLATERAL NOR ANY COMPONENT THEREOF HAS BEEN REGISTERED UNDER THE UNITED STATES SECURITIES ACT OR APPLICABLE STATE SECURITIES LAWS. THE COLLATERAL IS BEING ACQUIRED AS AN INVESTMENT FOR THE SUCCESSFUL BIDDER'S OWN ACCOUNT AND NOT WITH A VIEW TO THE SALE OR DISTRIBUTION THEREOF OR ANY COMPONENT THEREOF.

Data Room/Terms and Conditions of Sale/NDA:

Prospective bidders shall be granted access to the Data Room and the Terms and Conditions of Sale upon execution and delivery of a non-disclosure agreement in the form found at https://maltzauctions.com/app/uploads/2022/01/UCC-NDA.pdf ("NDA"). Executed NDAs shall be emailed to DC@MaltzAuctions.com.

Pre-Registration Deadline: Tuesday, March 1, 2022, at 9:30 a.m.

Auction Date & Time: Wednesday, March 2, 2022, at 9:30 a.m.

*Maltz Auctions, Inc. d/b/a Maltz Auctions is Acting as Marketing Agent

Richard B. Maltz, Licensed Real Estate Broker

Richard B. Maltz, Auctioneer DCA# 1240836

David A. Constantino, Auctioneer DCA# 1424944

Maltz Auctions, a premier full-service auction company serving the Continental United States and Caribbean, has announced it will auction 1835 shares of capital stock of 45 East 66th Owners Corp. and appurtenant to 45 East 66th Street, PHAB, New York, New York on Wednesday, March 2, 2022, at 9:30 a.m., in person at the offices of Pryor Cashman LLP, located at 7 Times Square, New York, NY, and online via Maltz Auction's website.

Related link: https://maltzauctions.com/

Green Mountain College Campus Goes to Auction

CENTRAL ISLIP, N.Y. /ScoopCloud/ -- Maltz Auctions, a premier full-service auction company serving the Continental United States and Caribbean, announced it will pursue buyers for the idyllic 155-acre Green Mountain College Campus, anchoring Main Street, in the Historic downtown of Poultney, Vermont.

"This quintessential New England campus had been the home of Green Mountain College, a private 4-year liberal arts school focused on environmental, social, and economic sustainability, which unfortunately closed at the end of 2019," stated Keith Lowey of Verdolino & Lowey, the Chief Restructuring Officer for Green Mountain College.

"It's truly a turn-key opportunity for the right buyer as it is comprised of classic New England dormitory buildings, classrooms, administrative offices, lecture halls, cafeteria, student center, community space, library building, athletic facilities - including fields, gymnasium, pool, and more, a 400-seat theater/auditorium, fine arts studios and galleries, a working farm, guest residences and a campus-wide wood-fueled biomass (carbon neutral) heating system."

Lowey added, "There are also financing options available for qualified buyers."

Maltz Auction's CEO, Richard Maltz shared, "This property auction includes furniture, fixtures and equipment of the school and represents an exceptionally rare opportunity to acquire an environmentally sustainable, green campus that is superbly located and beautifully maintained in a single transaction. There is incredible reuse or redevelopment potential, this is truly one of the most enchanting properties my firm has had the opportunity to market."

The Green Mountain Campus is in southern Vermont's beautiful lakes region, with the Adirondack Mountains to the west and the Green Mountains to the east. The 155-acre campus situated on the New York-Vermont border features classic red-brick and slate roof buildings, athletic fields, a working farm, hiking and bike trails, and much more.

The property sits at the intersection of College Street and Main Street in the heart of Poultney, a vibrant and quaint New England village of 3,400 residents, which has been recognized, along with 22 others in Vermont, as a historic downtown. Poultney is home to an extensive bike trail network as well as to Lake St. Catherine and Lake St. Catherine State Park, a 117-acre destination park, campground and nature center. Lake Bomoseen State Park is less than a 15-minute ride north of Poultney. Both the Killington and Okemo ski areas are less than an hour away.

The town of Poultney is located 'in the middle of everywhere', bordered by Ira & Middletown Springs to the east, Fair Haven and Castleton to the north, Hampton (NY) to the west, and Wells to the south. Poultney is approximately 80 miles southwest of Vermont's capital city (Montpelier), 70 miles south of Vermont's largest city (Burlington) and 65 miles west of the Vermont/New Hampshire border in White River Junction. Poultney is also proximate to Saratoga Springs (50 miles southwest of Poultney) and Albany (70 miles southwest of Poultney) in New York state.

In addition, great shopping, year-round recreational activities, skiing destinations (including Vermont's premier ski resort, Killington Mountain) and college towns including Burlington (VT), Bennington (VT), Middlebury (VT) and Queensbury (NY) are located nearby.

The closest city to Poultney is Rutland, Vermont, which is the largest town in Vermont after Burlington and South Burlington. The city of Rutland is located approximately 20 miles northeast of Poultney, or a 25-30-minute drive via Route 30 & Route 4. Rutland offers the Rutland Regional Medical Center as well as an eclectic mix of shopping, restaurants, bars, cafés as well as cultural and entertainment venues and attractions. The state of Vermont, known as the Green Mountain state, ranks as the healthiest and best-educated state in the country.

Here are a few regional websites of interest:
* https://www.thinkvermont.com/
* https://www.poultney.vt.gov/index.asp?SEC=F1CC8479-70D1-4C37-80DB-68ACCDACD780&Type=B_BASIC
* https://www.rrmc.org/
* https://rutlandvermont.com/

PROPERTY OVERVIEW

One Brennan Circle, Poultney, Rutland County, VT 05764
* Primary Frontage: College Street
* Access:
From the East: Main Street
From the North & South: College Street
* 155 acres
* 22 BUILDINGS
o Year Built: Ranging between 1855-1969, with most improvements being constructed either circa 1900 or between 1940-1960. Six structures have undergone complete renovations, while the remainder have been periodically repaired and maintained.
* 7 dormitory buildings, 3 single family homes with multiple uses, 3 mixed-use buildings, 3 administrative buildings, 2 arts buildings/galleries, 1 library (3-stories + mezzanine & lower level), 1 gymnasium/fieldhouse, 1 biomass plant/maintenance shop and 1 barn
* 447,253 Gross Square Feet
o 654 BEDS (existing configuration)
o 33 CLASSROOMS/LECTURE HALLS/LABS (existing configuration)
o 400 SEAT AUDITORIUM
o ATHLETIC FACILITIES
o FULLY FURNISHED
o CARBON NEUTRAL
o AMPLE paved and unpaved surface parking
o PARKING
* Utilities: Water & Sewer: Village of Poultney
* Electricity: Green Mountain Power Corporation / Tunbridge Solar
* Gas: Suburban Propane
* Heat: In 2010, the school constructed a wood-fueled biomass heating system which supplies steam heat to the on-campus improvements (i.e. not including the four off-site structures) at a reported cost of $5.5 million. The plant burns +/- 4,000-5,000 tons of locally harvested woodchips each year as the primary fuel and provides 85% of the school's heat. The biomass plant was designed as a cogeneration plant (heat and electricity and with some minor modifications it could be reconfigured to produce electricity and heat. In shoulder seasons (April through mid-June and September through October) and summer months, the biomass plant is taken offline and the campus utilizes two (2) oil boilers as heating source as needed.
* Broadband: The school formerly had broadband capacity of 500Mbps
* AT&T Cell Tower on campus
* Summary of individual building specifications (HVAC, foundations, roofs, building conditions, etc.) are available upon request.

PROCESS & PRICING
The Green Mountain Campus is offered on an "as-is" basis and Maltz is seeking a stalking horse bidder for an auction contemplated to occur in July, however, pre-auction offers will be considered. Upon receipt of a signed confidentiality agreement, qualified investors will be provided with access to the offering memorandum and due diligence materials. For more information on the property and to sign the Confidentiality Agreement, please visit http://www.maltzauctions.com/.

ACCESSIBILITY
Major metros in the northeast - Albany, Boston, New York, and Montreal - are all within reach of the campus by car, bus, airplane and train. International access is available through these hubs, particularly Boston's Logan International Airport (BOS). Rutland Southern Vermont Regional Airport (RUT), a full-service modern airport providing regional service, is just 25 miles east of the campus. The airport offers three (3) round-trip commercial flights per day to/from Logan International Airport in Boston, Massachusetts. Two Amtrak passenger trains, the Ethan Allen Express and the Adirondack, offer daily service to the Poultney area. Two Amtrak stations are located just 15 minutes in either direction of the campus. Amtrak's service originates at Penn Station in Manhattan and travels north providing the Lakes Region with tremendous access to the population of New York City and the surrounding communities in downstate New York.

*PHOTO link for media: https://www.Send2Press.com/300dpi/20-0428s2p-gc-college-300dpi.jpg

Maltz Auctions, a premier full-service auction company serving the Continental United States and Caribbean, announced it will pursue buyers for the idyllic 155-acre Green Mountain College Campus, anchoring Main Street, in the Historic downtown of Poultney, Vermont.

Related link: http://www.maltzauctions.com/