on April 26, 2009 by Daniel M. Parkman, Sr.
3 Florida Oceanfront, Beachside & Golf Projects Auctioned
George & Gretchen Anderson, Frank Durabi and Gerry Finke are
partners. They auctioned these 3 Oceanfront, Beachside and Golf
Projects. The trio are located in Florida @ Beachwalk on Vilano Beach,
Summer Island on St. Augustine Beach and Sherwood Oaks @ the
Monastery Golf & Country Club in Orange City. George Anderson is
also the Developer of the luxurious $150 million Wyndham Ocean Walk
Resort in Daytona Beach www.oceanwalk.com .
Topsail Island, Wilmington, North Carolina
5 North Carolina Coastline Communities were sold @ absolute auction
on behalf of several Developers. Amongst the sellers were: Charles Ross
of Holland & Knight http://www.hklaw.com (the World’s Top 10 Law Firm),
Lionel Yow, Esquire, John Elmore, III, Joel Tomaselli, Charlie
Mantooth and Richard Carlton.
The Northshore Golf & Country Club is the only coastal Carolinas 4
Star golf course rated by Golf Digest http://www.northshorecounrtyclub.com .
John Elmore, III, is also the Developer of the
Joel Tomaselli, Charles Ross (Holland & Knight – World’s Top 10 Law Firms), John Elmore, III, Lionel Yow, Charlie
Mantooth & Richard Carlton @ the Hilton Ballroom, Wilmington, NC
(from Right to Left)
This event was a joint venture event between, the sellers, Daniel M.
Parkman, Sr. and local realtor Freddy Hayler who is also an
accomplished International Tenor that has cut a CD with the London
6 South Carolina Projects @ Absolute Auction
Andrew Hsu of Overland National and his partner Chuan Wang of Socoland
Inc. had acquired a U.S. $110M portfolio of assets from the RTC. After
years of frustrating conventional unsatisfactory results in absorption and
pricing they elected to sell the remaining assets @ Absolute Auction.
David Chase – Forbes 400
They had attended our Absolute Auction with Richard Steele. Andy &
Chuan were so impressed with the results at Richard’s exclusive gated
Woodside Plantation Golf & Country Club http://www.woodsideplantation.com
that they commissioned us to do the same for them at their 6 SC projects.
Richard uses Club Corporation of America to manage his G&CC
Nicklaus Design http://www.nicklaus.com , Rees Jones, Fuzzy Zoeller, Clyde
Johnston, & Bob Cupp designed the 4 golf courses. The 40,000 square foot
club house is of a traditional architecture. Richard had acquired the G&CC
from David Chase (Forbes 400 http://www.chaseenterprises.com ). Richard is also
the Managing Member of Longmeadow Capital Partners, LLC
http://longmeadowcapital.com/team.html and Developer of Rainbow
Springs Golf & Country Club in Dunnellon, Florida
Lark Jones, Mayor of North Augusta, SC
Lark Jones, the Mayor of North Augusta, SC
http://www.northaugusta.net/GOVT/mayorswelnew.htm was Andy &
Chuan’s closing attorney for this event. He has never seen so many closings
in just 1 month. Andy & Chuan had acquired the RTC portfolio with cash.
They wisely elected to offer Guaranteed Seller Financing with 30% down,
70% LTV, 9% fixed rates, 10 year amortizations ballooning in 5 years.
Thus, creating revenue streams / coupons to clip for up to 5 years with a
traunch of balloon payments maturing in 60 months.
Freeport, Grand Bahama Island $6,886,250
Pete Sibley, President of Carnival Resorts and Casinos (operated 90 Resorts & Casinos), a subsidiary of Carnival Cruise Ships (the World’s largest Cruise Ship Lines http://www.carnival.com ) and Lewis B. Freeman http://www.lbfmiami.com sold @ absolute auction U.S. $6.8M in luxury realty in the Bahamia Golf & Country Club & @ the Princess Isle Estates on the Caribbean ocean. Pete’s Driftwood, LLC sold 27 oceanfront and canal estate-sized homesites on a spectacular Grand Bahama peninsula, along with 3 additional deepwater dockage canal homesites, 10 golf course multifamily or single family homesites and two 10.5 acre golf course multi-family tracts. In just 14 days 900 inquiries from 14 Nations had occurred. There were 39 registered bidders from 6 States as well as Jamaica and Bermuda.
Sir Freddie Laker, Founder of Laker Airways is a resident in Princess Isles. Located on the 60-acre peninsula stretch along a mile of beachfront and inland waterways of Princess Isle on Grand Bahama Island, each oceanfront estate has unparalleled waterfront views overlooking the Atlantic Ocean. The canal sites provide superb deep water boat dockage. All sites are designed to easily accommodate yachts of up to 165 feet. Princess Isle, one of the most prestigious locations on Grand Bahama Island. The International Bazaar and Port Lucaya Marketplace feature numerous shopping and dining opportunities featuring “Paris in the Bahamas.”
Five hundred full International Banking facilities guarantee banking secrecy as well as a tax-free environment. Princess Isle owners are eligible for Permanent Resident status. Frequent international air service is available through Grand Bahama International Airport.
Lee Mills, Peter Sibley & Daniel M. Parkman, Sr.
The Preserve of Don Pedro Island, Florida
This Shangri-La is only accessible by helicopter, yacht or ferry located
just north of Captiva & Sanibel Islands. No cars are allowed in this
exclusive community, only golf carts. The Developers of The Preserve
consist of: Art Kingsbury (retired Boston Globe executive
http://www.boston.com , Barbara Knox of Michael Saunders Realty
http://www.michaelsaunders.com & Richard Leydon of http://www.flgproperty.com
Celebrating another Auction Success: Daniel M. Parkman, Sr.,
Barbara, Ken, Anne, Nancy, Richard
Leydon, Helen, Shirley, Art Kingsbury, Virginia Oros & Tom
(from left to right).
The Flying M Ranch, Sold @ Absolute Auction
The World Class Fly-In Equestrian Facility consists of a 10,000 sq. ft.
Manse, Airplane Hangar FAA Approved 4,000 foot airstrip Runway
http://www.pilotoutlook.com/airport/FLORIDA/FD49 , RV Garage,
50,000 square feet of Equestrian Stables with 50-Plus Stalls, 2 Office
Suites, 2 Covered Show Areas, 8 Cross-Fenced Pastures, 12 Paddocks
which are all located on The Flying M Ranch consisting of 167 acres (30
minutes from Ocala, FL).
S.E. Montgomery sold The Flying M Ranch @ Absolute Auction to an
Entrepreneur from Tampa, FL. S.E. had been the President of the
largest Trucking Enterprise in Central Florida since the 1960’s
completing Government Contracts for the State of Florida, several
Central Florida Counties, Corporations and Private Interests.
Brickstone Heights Luxury Condominium Project, Buckhead, GA
Brookwood Place Luxury Project, Buckhead, GA
Jay T. Clark & Daniel M. Parkman, Sr.
BUCKHEAD, ATLANTA, GEORGIA . . . Southeast Capital Partners –( www.secpartners.com with $2Billion in developments) and Fidelity Investments (the Country’s largest Mutual Fund with $1.5 Trillion in assets – www.fidelity.com ) sold Twenty magnificent townhomes and condominiums in the prestigious Atlanta communities of Brickstone Heights and Brook Wood Place, for a collective price of $6,094,250 or an average of just over $300,000 per unit. A total of 77 bidders attended, each of whom was required to bring $40,000 in certified funds for the townhomes to bid. This success was accomplished 2 months after the tragedy of 9/11.
“The success of today’s auction shows the pent-up demand for high end condos in Atlanta,” said Daniel Parkman. “Over the past 10 days we have given more than 550 tours. In the past 12 months, the developer had given only 192 tours. With the success of selling condos via the auction process, there is no logical reason for developers to hold on to excess inventory.”
Jay was also a Co-Founder of www.ARAUSA.com with $5.3 Billion in annual multi-family sales volume Nationwide. Apartment Realty Advisors (ARA) is the largest privately held, full-service investment advisory brokerage firm in the nation that focuses exclusively on the multi-family housing industry.
With the appeal of an urban village, the spectacular BrookWood Place on Peachtree Street offers the comforts of a walking neighborhood along with the perks of city living. The award-winning, gated community in the heart of Buckhead is pedestrian and pet friendly, with wide sidewalks, dog-walking areas, and retail shops nearby, while capturing the art lover and athlete with water fountains and a putting green. This prestigious Peachtree address is comprised of 112 condominium homes and 26 townhomes. Brickstone Heights is a stunning, 13-acre gated community featuring 53 brick townhomes.
U.N. Ambassador Andrew Young & Atlanta Mayor for 1996 Olympics & Investor w James Makawa of the Africa Channel (see http://www.AfricaHD.com )