SUNRISE, FL-Wells Fargo Bank has sold a 92,689-square-footoffice building in Sunrise at a 51% loss to its mortgage value. Thebank repossessed the Atrium West building located at 7771 W.Oakland Park Blvd. in 2011 after foreclosing on Rodney K. Longman's$9.8 million mortgage.

ATC Realty One, the Wells Fargo affiliate, sold the property toAtrium 93 LLC for $4.8 million. Scott O'Donnell, Dominic Montazemi,Marty Busekrus and Miguel Alcivar from CBRE Group worked on thedeal. For the full story, go to South Florida Business Journal .


GlobeSt.com News Hub is your link torelevant real estate and business stories from other local,regional and national publications.

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.