Something, anything

By Geert De Lombaerde Posted on October 28, 2009 at 10:28 am

Crosland takes a drastic step in an attempt to start shipping condos at its Terrazzo tower. It will hold an auction the weekend before Thanksgiving with minimum bids starting below $200 per square foot.

The condominium homes offered in the sales event include a broad array of floorplans, and minimum offering bids are approximately 40-50% of the list price. One-bedroom and one-bedroom den residences available at the sales event range from 891 to 1,150 square feet with minimum offering bids of $159,000 - $225,000. Two-bedroom, two-bath and two-bedroom plus den residences available at the sales event range from 1,320 to 1,617 square feet with minimum offering bids of $250,000 - $310,000. Three-bedroom, three-bath residences available at the sales event have 2,090 square feet with minimum offering bids of $399,000. The minimum bid prices include one parking space in the access-controlled, underground garage.

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Tags: auctions, condominiums, Crosland LLC, downtown development, housing market, residential real estate, Terrazzo, The Gulch  

Nortel unit auction nets $915M

By Geert De Lombaerde Posted on September 14, 2009 at 9:33 am

Networking giant Avaya will pay more than $900 million for the enterprise telecommunications division of Nortel, which is winding down its operations in bankruptcy court. Nortel’s Nashville-based U.S. operations not that long ago employed more than 1,000.

SEE ALSO: The company’s press release from this morning

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Tags: auctions, Avaya Inc., bankruptcy, Nortel Networks Inc., telecommunications  

News 2 parent headed for auction block

By Geert De Lombaerde Posted on June 30, 2009 at 8:17 am

Investors looking to bid on bankrupt Young Broadcasting’s assets have until July 10 to submit their papers, according to recent court documents filed in New York. Young, which owns WKRN News 2 as well as 10 other TV stations around the country, filed for Chapter 11 early this year, unable to handle its debt load. Operating numbers for May show that WKRN posted a profit of almost $237,000 on net revenue of $1.9 million.

HT: Bonna Johnson

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Tags: auctions, bankruptcy, broadcasting, News 2, television stations, WKRN, Young Broadcasting Inc.  

Duck Head brand on the block

By Geert De Lombaerde Posted on March 31, 2009 at 9:25 am

As part of its winding down, retailer Goody’s is putting up for sale the storied Duck Head name – which was founded in Nashville in 1865 – and other IP assets.

“Goody’s intangible asset portfolio represents over a century of brand building at its finest,” said David Peek, Goody’s CFO. “Goody’s is one of the most recognized family clothing retailers in the Southeast, and is uniquely positioned in smaller towns where budget-minded shoppers seek both quality and fashion. The acquisition of these brands represents a unique opportunity.”

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Tags: auctions, brands, Duck Head, Goody's Family Clothing, intellectual property, liquidation, retail  

Lessons from the business world for politics

By Kleinheider Posted on December 9, 2008 at 5:05 pm

The WSJ’s Deal Journal blog explains how Gov. Rod Blagojevich could have avoided federal indictment by following a few simple rules.

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Tags: auctions, deals, politics