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re: High rise office building in Fort Worth sells at foreclosure auction for $12.3 Million

Posted on 5/10/24 at 12:38 pm to
Posted by highcotton2
Alabama
Member since Feb 2010
9472 posts
Posted on 5/10/24 at 12:38 pm to
Second tallest building in St. Louis sold for $3.6 million

quote:

The 44-story high-rise, totaling 1.46 million square feet, was purchased by Boston-based Goldman Group for just $3.6 million, a significant drop from the $205 million it sold for in 2006. This stark decline in value reflects the lower demand for office space in the area.


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Posted by Old Money
Member since Sep 2012
36668 posts
Posted on 5/10/24 at 1:15 pm to
Surely this is just a buy and hold until someone really wants the land. I don’t even want to think of the demolition coat.
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