ConocoPhillips is the "Mystery Buyer" for the Louisville, Colorado campus of Sun Microsystems. For the past month, We've been talking about the shell company that bought the large property and most speculation was leaning towards either Microsoft, or Google as the purchaser. Now we find out it's Conoco/Phillips? I'm disapointed, yet I don't know why. I was hoping some sexy, high tech company was going to be the puchaser. ConocoPhillips, just isn't that sexy. What I do find interesting, is the proposed plan for the campus will be for a "Worldwide training center" and "Global technology center" Conoco says it will use the facility to research hydrogen fuel cells, solar and wind power, along with cleaner diesel fuel, made with renewable resources. After further review, I like the clean energy campus better than a Google office complex! What do you think? ps. As a side note of interest, Conoco paid $58.5 Million for the property. Which based upon it's profit of $4.37 Billion last quarter, it took about one day's profits to pay it off in full! How you doin' at $3.00 per gallon? |

Greenwood Village is truly a great place to live. Whenever we get a snow storm, Greenwood Village has the roads plowed and is working on the paths and biking trails, before Denver and most other cities have taken care of their main roads!
Speaking of the paths and biking trails, that is what I really wanted to write about. Not only are there many parks, trails, and bike paths, the City of Greenwood Village, offers it's residents a "Recreation Reimbursement Program."
Residents of Greenwood Village are reimbursed for almost anything they do, and are charged for, that is recreational. From soccer, and Little League baseball, to Golf, if you are doing it, you can get re-imbursed for your costs! The amount they pay is 50% of the cost you incur with limits of $50 per activity and $500 maximum annually per household. But, that's $500! Not a bad deal, so get out there and get re-imbursed!
For more info, go here. http://www.greenwoodvillage.com/index.asp?NID=145
After 16+ years selling real estate, I recently saw my first real estate auction! I live in Cherry Creek Vista, and I wasn't bidding or even in the direct audience. I was actually on my back patio, because one afternoon last week, a bull horn was being used in the back yard of a neighbors house. And wondering what the heck was going on, I went to investigate. It sounded like a SWAT Team was dealing with a hostage situation!
I found that a property almost directly behind me was being sold at auction. There were about 15-20 people in attendance, and an auctioneer, using a bull horn, calling out the bidding. It turns out the home sold that day for $310,000, I know because the whole neighborhood could hear what was going on.
Now my question is this. Are Real Estate auctions a good way to sell properties? I believe whoever bought the home got a good deal. I estimate the house was worth $350k-$400k, although I hadn't been inside. My first thought was I could have sold it for more than this. So why would the owner/bank sell at auction, and take a below market price?
Comments from those with auction experience would be great. I think everyone here could learn alot from your responses.
I do know I will be attending more auctions in the future, to check them out!
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