35 Condos of The Metropolitan Auctioned Off
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DALLAS-In an auction held by REDC on Saturday, 35 high-rise condos at The Metropolitan in Dallas were sold off. The auction was held in downtown Sheraton. According to REDC, the condos sold at an average price of $177,419.
These condos were previously listed in the market for prices between $150,000 and $334,000. The Metropolitan, located at 1200 Main St. in Dallas, underwent renovations worth $50 million before it was converted from an office high-rise. For the full story, go to Dallas Business Journal.
Categories: Multifamily, Acquisitions/Dispositions, Distressed Assets, Dallas/Fort Worth
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WASHINGTON, DC-A forthcoming report from Delta Associates shows that distressed commercial real estate in the United States totaled $166.9 billion in January 2012, down $4.7 billion since October 2011.
