| Tranzon to Auction off Five Luxury Condos in Downtown Boston
BOSTON--(BUSINESS WIRE)--Tranzon Auction Properties, the nation's premier real estate auction group, will hold a public condominium closeout auction at the Langham Hotel for five units located at 65 Broad St. in Boston on Tuesday, April 17, at 6:30 p.m. At this unique auction event, prospective buyers can make bids both in-person and online with the first unit sold as a bidder's choice with no minimum bid and no reserve. Unlike the increasing number of real estate foreclosure auctions, these high-end, one-bedroom condo units—known as Lofts at Broad—must be immediately sold by developer Steve Sarcia in order to obtain capital for an important upcoming real estate project. "I have a new project in town that I have to start so timing is of the essence," said Sarcia.
Rosneft subsidiary wins 5th auction for bankrupt Yukos assets
MOSCOW, April 18 (RIA Novosti) - A subsidiary of Russia's state-run crude producer Rosneft has won the fifth auction for smaller assets of the now bankrupt oil company Yukos [RTS: YUKO], the country's federal property fund said Wednesday. Yukos, once Russia's largest oil company, was declared bankrupt August 1, 2006, after three years of litigation with tax authorities over the company's tax arrears. Neft-Aktiv was declared the auction winner after it offered 1.03 billion rubles (about $40 million) for the lot compared with the lot's initial price of 992.31 million rubles (about $38.5 million). The other bidders included the companies Akkord and MorTransInvest, the fund said. The first auction held March 27 to sell Yukos's 9.44% stake in Rosneft was won by Rosneft's subsidiary RN-Razvitiye, which offered 197.84 billion rubles for the lot (about $7.6 billion), compared with the lot's initial price of slightly over 195.5 billion rubles (about $7.5 billion).
CIOB: The Bidding for Gold Network
Bidding for Gold's first networking event will take place on the evening of Thursday 17th May 2007 at the Hilton Metropole Hotel in London. Richard Wade, Head of Construction at Blake Lapthorn Tarlo Lyons will be speaking at the event on the legal implications of partnering for SME's who are interested in bidding for larger construction projects. Richard specialises in construction law and advises on procurement, drafting and preparation of building contracts. Bidding for Gold supports the employment and skills needs of the built environment sector in preparing for the London 2012 Olympic and Paralympic Games. It provides support and training to SME's in the built environment sector, to help them form flexible groups to bid for construction projects they may be unable to tender for as a single organisation.
Bob Perani part of group bidding for Generals
Perani told The Journal on Saturday night that he is part of a group that has reached an agreement to purchase the United Hockey League club from owner Khaled M. Shukairy. How much of the club they control has yet to be decided. "There is a deal," Perani said between the second and third periods of the Generals' playoff Game 6 with the Kalamazoo Wings. "I've guaranteed certain things. We've got some things to work out. I'm excited. I think we'll sell a lot of tickets through businesses. "We have to have people feel they can come down here and get their money's worth and be entertained." Perani said the five other individuals who could be part of the ownership group include Chuck Glasscock, one of his vice presidents at Perani's Hockey World, which is the largest independent distributor of hockey equipment in the world.
Pentagon limits gear in surplus auctions
--The Defense Department's effort to block Iran from obtaining much-needed hardware for its fleet of F-14 Tomcat fighter jets has led the military to pull far more than parts from F-14s out of its surplus auctions. The Pentagon's retired F-14s contain roughly 76,000 components. Many of those parts are usable on other planes and until this year, were sold by the military on the surplus market. The Defense Department in January halted the sale of all parts from its Tomcats. On Thursday, it disclosed that the suspension went far beyond items from F-14s, and actually sweeps in 163,000 types of components, including parts from other planes and any support equipment that could be used in connection with Tomcats. "You're talking about things like the nuts and bolts ...
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