LFC Online and Grubb & Ellis Company Selected to Sell Adelphia's Remaining Real Estate Assets
Newport Beach, CA (PRWeb) March 13, 2007 -- Adelphia Communications Corporation has selected Internet real estate auction specialists, LFC Online, to sell most of its remaining real estate assets. In what is believed to be the largest Internet property auction to date, LFC Online, in conjunction with the Grubb & Ellis Company, will embark on an aggressive auction marketing campaign to sell the remaining real estate in Adelphia's asset portfolio.
Michael Finley, Director, Corporate Services at Grubb & Ellis Newport Beach, states, "There are close to one hundred properties located all over the country, including both raw land and developed sites. Using LFC Online's Internet capabilities, we are able to the market to the widest possible audience and have greater control over the sale process."
"I see these properties as ideal Internet auction candidates because of their diverse locations and potential broad market appeal to investors and individuals," notes Bill Lange, president of the LFC Group of Companies. "Our specialized Internet auction marketing program will bring qualified buyers to the table, literally from around the world and, in doing so, will create a win-win for both the buyers and our client, the seller."
Paul Hemann, Assistant Treasurer, Adelphia Communications Corporation states, "Due to the diverse nature of the property portfolio, we required wide market exposure and a transparent sales process that would ultimately result in the highest possible value for our constituents. LFC Online and Grubb & Ellis Company met those requirements."
To view properties in the auction, go to www.lfc.com/669R1
LFC Group of Companies - For over 30 years, the LFC Group of Companies has served numerous Fortune 500 companies, real estate developers, investors, financial institutions and government agencies by auction marketing thousands of commercial, industrial, land and residential properties with an aggregate value well in excess of $2 billion. www.lfc.com
Grubb & Ellis Company (NYSE: GBE - Grubb & Ellis Company is one of the world's leading full-service commercial real estate organizations, providing a complete range of transaction, management and consulting services. By leveraging local expertise with our global reach, Grubb & Ellis offers innovative, customized solutions and seamless service to owners, corporate occupants and investors throughout the globe. For more information, visit the Company's Web site at www.grubb-ellis.com
About Adelphia Communications Corporation - The Effective Date of the Adelphia Plan of Reorganization occurred on February 13, 2007. Prior to the sale of substantially all of the consolidated assets of Adelphia to Time Warner Cable Inc. (NYSE:TWX) and Comcast Corporation (Nasdaq: CMCSA, CMCSK) on July 31, 2006, Adelphia Communications Corporation was the fifth largest cable television company in the country. It served customers in 31 states and offered analog and digital video services, high-speed Internet access and other advanced services over its broadband networks.
Cautionary Statement Regarding Forward-Looking Statements This press release contains forward-looking statements. All statements regarding the Internet real estate auction process for the sale of Adelphia's remaining real estate assets and the ultimate value that may be obtained in connection with such process, as well as statements that include words such as "anticipate," "if," "believe," "plan," "estimate," "expect," "intend," "may," "could," "should," "will" and other similar expressions, are forward-looking statements. Such forward-looking statements are inherently uncertain, and readers must recognize that actual events or results may differ materially from those expressed in such forward-looking statements.
###
This press release has been reprinted from PRWEB per the terms and conditions of the copyright notice.
|
|
 |
 |
|
Grants Pass Association of Realtors to Host Luxury Homes Designation Program
Local Realtors have agreed to host the Accredited Luxury Home Specialist (ALHS) program, a designation distributed by REALTYU the largest network of real estate educators in the nation. The program will be delivered on March 27 & 28, 2008 at the Association office located at 525 NE. 7th Street Grants Pass, OR 97526.
Miami Luxury Homes Still a Desirable Hotspot
Miami is always been known to be one of the best place to have a luxury home, if you ask why? There are many answers to that, its location is exquisite and the place offers so much, with the beaches the sunsets the great views its just compelling, itll be the # 1 spot for more desirable place to live in the state of Florida, the luxury home market there excels in a greater rate. They have the Fisher Island in which is a luxury residential in a man-made island, now there it cant get no better than that. The weather is just great and the people are just one of a kind. The attitude in Miami is very pleasant too. As we all know Miami is a sports city, we have the Miami Heat for basketball and the Miami Dolphins for American Football so you k...
Stewart Title & Pride Lending are bringing the Luxury Homes Designation Program to Golden, Colorado
Local Realtors Affiliates have agreed to host the Accredited Luxury Home Specialist (ALHS) program, a designation distributed by REALTYU the largest network of real estate educators in the nation. The program will be delivered on February 6 & 7, 2008. at the 16682 W. 48th Lane, Golden, CO 80401.
In Upper Marlboro Real Estate, Beechtree Is In Demand Thanks to Luxury Homes, Resort Amenities and All That Jazz
Despite what the national headlines read, homes in the Washington region's most desirable communities are still in demand. Situated in a tranquil, park-like setting bordered by hundreds of acres of mature trees, Beechtree is one of the Washington region's most prestigious communities.
Tri City Association of REALTORS to Host Luxury Homes Designation Program in Kennewick, WA
Local Realtors have agreed to host the Accredited Luxury Home Specialist (ALHS) program, a designation distributed by REALTYU the largest network of real estate educators in the nation. The program will be delivered on January 16 and 17, 2008 at the Tri City Association of REALTORS office; located at 7151 W. Clearwater, Kennewick, WA 99336.
Ojai Valley Board of REALTORS® to Host Luxury Homes Designation Program
Local Realtors have agreed to host the Accredited Luxury Home Specialist (ALHS) program, a designation distributed by REALTYU the largest network of real estate educators in the nation. The program will be delivered on April 9 & 10, 2008 at the Boards office located at 338 E. Ojai Ave, Ojai, CA 93023.
Tacoma-Pierce County Associations of REALTORS to Host Luxury Homes Designation Program
Local Realtors have agreed to host the Accredited Luxury Home Specialist (ALHS) program, a designation distributed by REALTYU the largest network of real estate educators in the nation. The program will be delivered on March 4 & 5, 2008 at the Tacoma-Pierce County Association of REALTORS 2550 S. Yakima Ave, Suite C. Tacoma, WA 98405.
Oakland Association of REALTORS to Host Luxury Homes Designation Program
Local Realtors have agreed to host the Accredited Luxury Home Specialist (ALHS) program, a designation distributed by REALTYU the largest network of real estate educators in the nation. The program will be delivered on February 28 & 29, 2008 at the 1528 Webster Street. Oakland 94612.
Indigo Ridge at Lake Powell to Bring Luxury Homes to Tourist Destination
Construction on Indigo Ridge at Lake Powell, a beautifully-designed master-planned residential community being built on the edge of Lake Powell, has commenced with model homes planned for this summer. Indigo Ridge at Lake Powell is a master-planned residential community overlooking Lake Powell on the border between Utah and Arizona. The development includes town homes and custom homes ranging from 1,400 to more than 3,000 square feet built in a contemporary Southwest, village-like setting.
Corona Norco Board of REALTORS® to Host Luxury Homes Designation Program
Local REALTORS® have agreed to host the Accredited Luxury Home Specialist (ALHS) program, a designation distributed by REALTYU the largest network of real estate educators in the nation. The program will be delivered on January 16 - 17, 2008 at the Corona Norco Board of REALTORS® office.
|
 |
|
