NuRiver Goes to Auction Online

NuRiver Goes to Auction Online FORT LAUDERDALE, FL - The LFC Group of Companies, the industry leaders in online auction marketing, is pleased to announce the latest campaign on their commercial property auction website, LFC.com, the remaining five retail/office condos in downtown Fort Lauderdale's newest riverfront building, NuRiver Landing.

The commercial condominiums at NuRiver Landing are some of the most desirable in all of Fort Lauderdale. In fact, all 409 residential units of the building, along with many of the commercial units, have long since closed, due largely to both the scenic location along New River and the building's world-class amenities. Owners enjoy access to the serene rooftop pool, Meditation Garden and Club Room, all of which overlook the riverfront and nearby park while offering stunning panoramic views of the expansive city. The building also features a two-story state-of-the-art Fitness Center with indoor racquetball and basketball courts, a full-service business center, full-time concierge, covered garage parking and 24 hour controlled access. To top it all off, a limited number of city-owned deep water boat slips are available for lease.

"This is a developer closeout auction, not a liquidation auction. Even in a saturated market, NuRiver Landing stands out from the rest, as it is so much more than just a place to do business," said Shawn Miller, Vice President of LFC Group of Companies. "There has been a lot of interest in these five remaining commercial condominiums, and the auction will motivate buyers to move quickly and aggressively."

The project is the result of a joint venture of the Carlyle Group and Noble House, LLC, both of whom have stellar reputations throughout Fort Lauderdale for producing state-of-the-art properties that combine luxury with the tranquility afforded by beautiful natural surroundings. The two companies were attracted to the advanced technology and universal reach of LFC's online auction marketing program, which combines velocity of sale with a proven ability to maximize price.

The condos range in size from +/-1,714 to +/-4,510 square feet, with minimum bids starting at $199,000, nearly 70 percent less than the previous asking prices. Interested bidders are encouraged to visit www.LFC.com/778R2 to view property documentation and conduct due diligence prior to bidding. Broker participation is offered. The bid deadline is October 29, 2009.

For more than 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 $5 billion. The company's latest venture is the online auction of mortgage notes.
Source: The LFC Group of Companies

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