Worldwide Auction Realty Services to Auction Historic Daytona Beach Greyhound Bus Station

ORLANDO- Worldwide Auction Realty Services will auction the historic former Greyhound bus station at 150 W. International Speedway Blvd. in Daytona Beach on Thursday, Feb. 25 starting at 5:00 p.m.

The over 10,000 square foot building, constructed in 1947, was designed by architect W.S. Arrasmith in the Streamline Moderne style, a popular offshoot of the art deco style characteristic of Florida architecture from the 1930s through the 1950s.

Lori Chipps, co-managing director and lead auctioneer with Worldwide Auction Realty Services, said the building is suitable for office or retail space and the second floor which includes a spacious outdoor terrace could be modified as a residential component.

The suggested opening bid for the historic building is $295,000. The building was formerly listed for sale at $950,000.

Chipps said the building is currently listed on the National Register of Historic Places and the buyer may qualify for the 20 percent rehabilitation tax credit program for building renovations.
For more information about the auction or to register to bid, telephone 800-327-1048 or visit http://www.wwauctionservices.com/.
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For more information contact:

Lori or Jon Chipps, Managing Directors Worldwide Auction Realty Services 800-327-1048

Scheduled Auction of the Plaza's entire 10th Floor Cancelled by Legal Counsel in Bankruptcy Proceedings

ORLANDO, Fla., Nov. 18, 2009.... Worldwide Auction Realty Services’ auction of the entire 61,545 square foot 10th Floor of the Plaza on Orange Ave. and Church St. in downtown Orlando scheduled for 5 p.m. Thursday, Nov. 19 has been cancelled.

In a prepared statement, Jon Chipps, managing director for Worldwide Auction Realty Services said his firm was informed by the legal counsel for Plaza LLC, Elizabeth Green, that the United States Bankruptcy Court, Middle District of Florida granted a continuance to parties involved in the Plaza LLC bankruptcy. Green confirmed that the Plaza creditors did not approve the debtor’s reorganization plan and as such, a new hearing date was scheduled for Jan. 18, 2010.

Chipps said Green’s announcement was unforeseen and that the auction had been approved by Plaza LLC managing member, Cameron Kuhn.

Chipps added that the Worldwide Auction Realty Services team had made a considerable investment in facilitating the auction and that he was very disappointed that the parties were unable to reach an agreement.

Chipps also expressed his apologies to any potential auction buyers that had invested their time in preparing to purchase at the auction.

For more information, contact,
Jon or Lori Chipps, Worldwide Auction Realty Services, 800 327-104
Larry Vershel or Beth Payan, Larry Vershel Communications 407 644-4142

Post Auction Sales at Venetian Bay in New Smyrna Beach now include up to 100 Percent financing on remaining Four Townhomes and Six Condominiums

ORLANDO, Fla. --- Only four luxury town homes and six luxury condominiums remain for sale at Venetian Bay, located off S.R. 44 just west of I-95 in New Smyrna Beach.

Lori Chipps, director of auction services for Worldwide Auction Realty Services based in Orlando and the auctioneer who handled the recent sales event at Venetian Bay, said luxury town homes are priced from $137,500 and luxury condominiums are priced from $148,000.

And that’s not all.

“Venetian Bay is now offering up to 100 percent financing including closing costs on some of the remaining units,” Chipps said.

Worldwide Auction Realty Services sold 22 luxury Venetian Bay town homes and condominiums during the recent auction.

For more information contact:
Jon or Lori Chipps, Worldwide Auction Realty Services, 800-327-1048
Larry Vershel or Beth Payan, Larry Vershel Communications, 407.644.4142

Worldwide Auction Realty Services to conduct bulk offering of home sites, partially completed luxury homes at Reunion Resort

ORLANDO, Fla. --- Worldwide Auction Realty Services has launched a bank authorized pre-foreclosure highest and best bulk sale of 25 home sites and three partially completed luxury homes at Reunion Resort, located at 7593 Gathering Drive in Reunion, off I-4 at SR 429 six miles from Walt Disney World.

Lori Chipps, auctioneer with Worldwide Auction Realty Services, said the 35 foot home sites in Patriot Landing at Reunion Resort will accommodate homes that range from 1,800 square feet of living space to 3,600 square feet.

New homes at Patriot’s Landing at Reunion Resort previously sold at prices ranging from $449,000 to $649,000, Chipps said.

Most of the available home sites and all three partially completed luxury homes overlook water, parkways and conservation areas, she said.

Reunion features three world-class golf courses designed by Arnold Palmer, Tom Watson and Jack Nicklaus

“We anticipate receiving strong interest from area and national home builders as well as investors from around the world, said Roger Soderstrom, founder and owner of Stirling Sotheby’s International Realty, the firm representing the property.

Parties interested in submitting offers should contact Lori or Jon Chipps, directors of auction services for Worldwide Auction Realty Services. All offers will be submitted to the lender.

“We think the property will sell relatively quickly at a very attractive price,” Chipps said.

For more information about the auction or to register to bid live or online, telephone 800-327-1048 or www.WWAuctionServices.com.

For more information contact:
Jon & Lori Chipps, Worldwide Auction Realty Services, 800-327-1048;
Roger Soderstrom, Founder/Owner Stirling Sotheby’s International Realty, 407-588-1260
Larry Vershel or Beth Payan, Larry Vershel Communications, 407.644.4142

Bankruptcy Auction of 61,545 Square Feet of Office Condominium Suites in The Plaza in Downtown Orlando to be held Nov. 19

ORLANDO, Fla. – Worldwide Auction Realty Services will conduct an absolute auction of 12 office condominium suites that total 61,545 saleable square feet of space on the 10th floor of The Plaza towers on Church St. and Orange Ave. in downtown Orlando on Thursday, Nov. 19 starting at 5 p.m.

Lori Chipps, auctioneer for Worldwide Auction Realty Services, said the auction is already attracting worldwide interest from investors as well as office-users.

Office condominiums to be auctioned range in size from 2,585 square feet to 7,285 square feet including four private balconies, Chipps said, and feature floor-to-ceiling window views of the downtown Orlando skyline.

“The space to be auctioned spans both the north and south towers including the connecting area between the two towers,” Chipps said.

The bankruptcy auction will accept bids on individual office suites, multiple suites or bulk purchase of all 12 suites, she said.

“The 10th floor of The Plaza is the single largest floor plate in the downtown Orlando district,” said Roger Soderstrom, owner and founder of Stirling Sotheby’s International Realty, the firm representing the property.

“The space to be auctioned has never been offered for sale before as individual office suites, so we anticipate substantial interest from investors, end-users as well as industry observers,” said Soderstrom.

Stirling Sotheby’s International Realty Auction Services conducted an auction of 55,000 square feet of office condominium space in the Plaza towers in May of 2008 that brought an average sale price of $162 per saleable square foot.

The Plaza’s two towers total 394,000 square feet of office space, 105,000 square feet of retail/restaurant space, the 12-screen Plaza Cinema and café on the ground floor and 306 residential condominiums in the Solair tower.

Chipps said the auction will be conducted live on site and the bids will be accepted by telephone and on the Internet. For more information about the auction or to register to bid live or online, telephone 800-327-1048 or visit www.WWAuctionServices.com.

For more information, contact:
Lori or Jon Chipps, Worldwide Auction Realty Services, 800 327-1048
Larry Vershel or Beth Payan, Larry Vershel Communications 407 644-4142

Auction of Luxury Condominiums, Townhomes at Venetian Bay in New Smyrna Beach Shaping up to be a Blockbuster

ORLANDO, Fla. - An auction of 29 luxury condominiums and 13 townhomes at Venetian Bay in New Smyrna Beach on Oct. 24 could be one of the biggest auction events in Central Florida this year.

Lori Chipps, auctioneer for the scheduled event at 10 a.m. Oct. 24, said more than 250 groups and individuals have toured the property in recent weeks and more than 600 potential bidders have taken virtual tours of the luxury condominium property online.

“We have seen substantial interest from potential bidders locally as well as outside of Florida, including the U.K.,” said Chipps of Worldwide Auction Realty Services.

Chipps said interest in the condominiums has produced another surprise---several buyers have selected units they like and have written offers to buy units before the bidding starts.

“The developer has already accepted several offers,” said Roger Soderstrom owner and founder of Stirling Sotheby's International Realty, the company representing the property.

Soderstrom emphasized Venetian Bay’s location---off S.R. 44 in New Smyrna Beach---is a major draw for bidders from Orange, Seminole and Volusia counties.

Luxury amenities, including shops and restaurants at the Town Center, the Beach and Swim Club, a championship golf course, miles of nature trails with parks and playgrounds---have lured potential bidders from the Midwest and northeast, Chipps said.

Tuscany Square Condominiums at Venetian Bay, which offer 78 luxury units, are directly adjacent and easily accessible to the pool, Tiki Bar and restaurants and surrounded by a beautiful lake. The condominiums, which range in size from 1,684 square feet of living space to 2,660 square feet, previously sold from $280,000 to $550.000.

Included in the auction are 13 luxury townhomes at Parkside Townhomes at Venetian Bay.
Chipps said suggested opening bids for condominiums and townhome units at Venetian Bay will start from $115,000.

Ten of the 42 units will be sold absolute.

For more information about the auction or to register to bid live or online, telephone 800-327-1048, visit www.auctionatvenetianbay.com or www.WWAuctionServices.com.

For more information contact:
Jon & Lori Chipps, Worldwide Auction Realty Services, 800-327-1048
Larry Vershel or Beth Payan, Larry Vershel Communications, 407-644-4142

Worldwide Auction Realty Services to conduct Auction of 29 Condominiums and 13 Townhomes at the Luxury Venetian Bay Community in New Smyrna Beach

ORLANDO, Fla. - Worldwide Auction Realty Services, based in Orlando, will conduct an auction of 29 luxury condominiums and 13 townhomes at the luxury Venetian Bay development in New Smyrna Beach on Saturday, Oct. 24, at 10 a.m.

The auction will be conducted live in the Venetian Bay Country Club and bids will be accepted worldwide via telephone and the Internet, said Lori Chipps, auctioneer for Worldwide Auction Realty Services.

Chipps said 42 condominiums and townhomes to be auctioned are located near the center of Venetian Bay’s town center and surrounded by lakes, park-like thoroughfares, walkways and nature trails.

Ten of the 42 units will be sold absolute.

The Tuscany Square condominiums – directly adjacent and easily accessible to the pool, Tiki Bar and restaurant – range in size from 1,684 square feet of living space to 2,660 square feet and feature spacious balconies and one and two-car garages. The condominiums previously sold for over $550,000.

The 13 Parkside Townhomes to be auctioned, previously listed at $260,000, feature two bedrooms, two-and-a-half baths in 1,834 square feet of living area with two-car garages and tropical onsite pool.

Chipps said suggested opening bids for the condominiums and townhome units at Venetian Bay will start from $115,000.

Venetian Bay is a spectacular country club community with a town center including restaurants and shops, and 18-hole world class championship golf course. Located northeast of Orlando with grand entranceway off S.R. 44 just west of I-95, Venetian Bay is just 10 minutes to New Smyrna Beach and 25 minutes to the Lake Mary/Heathrow business center and high tech corridor.

The 42 properties at Tuscany Square and Parkside Townhomes are represented by Stirling Sotheby’s International Realty of Orlando.

For more information about the auction or to register to bid live or online, telephone 800-327-1048, visit www.auctionatvenetianbay.com or www.WWAuctionServices.com.

For more information, contact:
Jon & Lori Chipps, Worldwide Auction Realty Services, 800-327-1048;
Larry Vershel or Beth Payan, Larry Vershel Communications, 407-644-4142

Grubb & Ellis|Commercial Florida negotiates new long-term office lease agreement in Altamonte Springs

ORLANDO, Fla. – Grubb & EllisCommercial Florida, associated with 130 Grubb & Ellis offices worldwide, recently completed a new long term office lease agreement for 9,292 square feet at 240 E. Central Parkway at the CenterPointe One Office Park in Altamonte Springs.

Andrew E. McCaw, FMA, senior vice president and Anne Deason, associate vice president, in the Office Services Group at Grubb & EllisCommercial Florida, negotiated the agreement representing the tenant Embry-Riddle Aeronautical University Worldwide, headquartered in Daytona Beach.

The Orlando campus will move its entire classrooms and offices into the space after the first of the year at the end of the current class session.

Kenneth Koch represented the landlord, Emerson International, Inc. of Altamonte Springs.

Contacts:
Anne Deason, 407-481-5411, adeason@commercialfl.com
Andy McCaw, 407-481-5301, amccaw@commercialfl.com
Larry Vershel 407-644-4142

Grubb & EllisCommercial Florida:
Grubb & EllisCommercial Florida is an affiliated commercial real estate services firm specializing in the leasing and sale of office, industrial, retail, land and investment properties. Currently Grubb & EllisCommercial Florida has 40 brokers divided among its Orlando, Tampa and Melbourne offices to serve the entire mid-Florida marketplace.

About Grubb & Ellis:
Named to The Global Outsourcing 100™ in 2009 by the International Association of Outsourcing Professionals™, Grubb & Ellis Company (NYSE: GBE) is one of the largest and most respected commercial real estate services and investment companies in the world. Our 6,000 professionals in more than 130 company-owned and affiliate offices draw from a unique platform of real estate services, practice groups and investment products to deliver comprehensive, integrated solutions to real estate owners, tenants and investors. The firm’s transaction, management, consulting and investment services are supported by highly regarded proprietary market research and extensive local expertise. Through its investment subsidiaries, the company is a leading sponsor of real estate investment programs that provide individuals and institutions the opportunity to invest in a broad range of real estate investment vehicles, including public non-traded real estate investment trusts (REITs), tenant-in-common (TIC) investments suitable for tax-deferred 1031 exchanges, mutual funds and other real estate investment funds. For more information, visit www.grubb-ellis.com.