More than $40 million in commercial assets, including former banks and vacant land, will be sold next month in a multistate auction to dispose of Federal Deposit Insurance Corp. assets. The Dec. 10-15 auction will include properties in California, Florida, Georgia, Illinois, Minnesota, Missouri, Nevada, North Carolina, Texas and Washington state. Many of the properties are former banks or commercial properties that once housed banks. Kennedy Wilson Auction Group was retained by Prescient Asset Management to conduct the FDIC auction. Kennedy Wilson said properties can be purchased individually or in bulk. They include a 12,500-square-foot, two-story former bank in Lawrenceville, Ga. (minimum bid of $500,000) and a former one-story bank with 88,513 square feet in Irondale, Ala. (minimum bid of $850,000). Land parcels include several parcels of raw land in the Atlanta area and elsewhere, including a 28-acre tract in southwest Atlanta zoned for residential or agricultural uses. Several retail and industrial locations are included in the auction. Brokers are also welcome to participate. Live auctions will be held Dec. 10 in Atlanta; Dec. 11 in Orlando, Fla.; Dec 13 in Chicago; and Dec. 15 in Las Vegas. Write to Kerry Curry.

Most Popular Articles

CFPB to consider changing or eliminating TRID rule

The CFPB has been taking a long, hard look at some of its rules and regulations. Next up on its list to review is TRID, and it looks like eliminating the rule entirely is not off the table.

Nov 20, 2019 By
3d rendering of a row of luxury townhouses along a street

Log In

Forgot Password?

Don't have an account? Please