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Thread: Want to own a unit in The Complex? Start your bidding

  1. #1
    The race is back! John's Avatar
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    Want to own a unit in The Complex? Start your bidding

    OWN A PIECE OF MALIBU AND A PIECE OF TELEVISION HISTORY! UNITS IN "THE COMPLEX: MALIBU" TO BE AUCTIONED OFF TO THE HIGHEST BIDDER ON SATURDAY, OCTOBER 2

    Opening Bid for Each Unit Starts at $500,000 Auction to be Featured on the Season Finale, Monday, Oct. 4 on FOX


    On FOX's THE COMPLEX: MALIBU, eight couples have been working all summer long to renovate four units in a condominium complex in Malibu, CA. The units will be sold at a reserve auction, which will be open to the public and media, on Saturday, Oct. 2, at 1:00 PM at 1550 Pacific Coast Highway (at the canopy on the beach just north of the pier in Santa Monica, CA). The auction will be featured on the season finale of THE COMPLEX: MALIBU airing Monday, Oct. 4 (9:00-10:00 PM ET/PT) on FOX.

    Each condo commands a knockout 180-degree ocean view from almost every room. The units range in size from 1,150 square feet to 1,450 square feet. All the units have two bathrooms; three have two bedrooms and one has three bedrooms.

    The unscripted series began with eight couples who were split into two groups, Upper and Lower Complex, and competed for the opportunity to restore and redecorate one of four units. Under tight deadlines, the couples battled each other for control of the units while trying to add the most value to each of the rooms. After each room was completed, a panel of real estate professionals an interior designer, a real estate agent and an architect ranked the rooms from best to worst. Meanwhile, the couples decided which pair from their group to evict weekly. The team responsible for the room that judges felt brought the least amount of value to the complex each week lost a couple, until four now remain.

    Tune in on Friday, Sept. 17 (8:00-9:00 PM ET/PT) to find out which four couples by scheming, lying, arguing oh, and hard work remain in the game and are eligible for the grand prize. The couple whose unit nets the highest-percentage profit will receive the profits from ALL of the units.

    Premiere Estates Auction Company co-founders Edward Kaminsky and Todd Wohl assist property owners in achieving the maximum value possible for their unique and prestigious properties. Premiere's auction methodology creates a highly competitive bidding forum unlike the traditional real estate selling process. Kaminsky has been recognized as one of the top-100-producing real estate agents out of over 1 million real estate agents nationally. For over 16 years, Wohl has sold hundreds of millions of dollars of real and personal property for major corporations, banks and individuals.

    THE COMPLEX: MALIBU airs Fridays (8:00-9:00 PM ET/PT) on FOX and is produced by FremantleMedia North America, Inc. Ted Haimes ("Married By America," "Temptation Island," "The History of Rock 'n' Roll") is executive producer.

    For more information on the property or to inquire about viewing the units in advance, interested parties should contact Alex Shirloo of Prudential California Realty at 562-761-6746 or alex@alexshirloo.com. For more information on the the auction and to pre-qualify, log on to www.premiereestates.com or call 877-3Estate 877-337-8283.

  2. #2
    What's a sitcom? Toxic's Avatar
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    Must.resist.snarky.comments.


    500k for a glorified apartment, huh? You could buy a small lakefront mansion for that kind money in Ohio.

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    Toxic, you're making those of us in inflated real estate markets cry!

    Is "increased value" really the correct term for what they have done to some of these rooms? Except Apt. 3, which is pretty darn nice right now, but may not be by the time one of the final four teams is through with it . . .

  4. #4
    What's a sitcom? Toxic's Avatar
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    Quote Originally Posted by KarenAnn
    Toxic, you're making those of us in inflated real estate markets cry!

    Is "increased value" really the correct term for what they have done to some of these rooms? Except Apt. 3, which is pretty darn nice right now, but may not be by the time one of the final four teams is through with it . . .
    Heh. Sorry.

    Well, considering the condition these units were in .. they have increased the value somewhat. It doesn't help that these people have to do alot of their shopping at Sears. I like Sears, but it wouldn't be my choice when I re-decorate a room!

  5. #5
    Lucy and Kevin...so cute! Reality tv fan's Avatar
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    wow, 500, 000 is alot of money for a condo. The area is very expensive. Can't wait to see all of the finished apts.

  6. #6
    Retired! hepcat's Avatar
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    Think of the bad mojo in these units. Remember the house that love built? These are like the condos that bitterness, backstabbing, hatred and greed built.
    You've gotta hustle if you want to earn a dollar. - Boston Rob

  7. #7
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    Living in LA myself, I just wanted to put the real estate market here in perspective for those from the midwest (where I am originally from)

    I live in a 500 sq ft "executive studio" in Hollywood and pay $900/mo in rent.

    I would love to own a small, 2-3 bedroom home in the Hollywood, West Hollywood area. Those houses (1000-1500 sq ft) in "move-in" condition go for $700,000-$1,100,000

    I will probably have to settle for a 2 bedroom condo in the valley (north of Hollywood) which I could find for $300,000-$500,000

    Now Malibu is the PRIME prime real estate along the beach and condos in that area start at $500,000 - $600,000; but that is for condos that need total renovation (although I would probably include "The Complex" condos in this category)

    The other thing that gets me about real estate in this area is that the asking price is lower than what people get. In Michigan, people would ask $200,000 for the house and eventually come to an agreement at $180,000. In LA, you might "start" at $500,000 but eventually close at $600,000.

    I hate LA (the weather is great though)

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    Quote Originally Posted by Reality tv fan
    wow, 500, 000 is alot of money for a condo. The area is very expensive. Can't wait to see all of the finished apts.

    Click onto the premiere estates link - it is already showing the completed kitchens!!

  9. #9
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    The kitchen is 1 and 2 look a lot alike except for cabinet color - I think 1 is much better - 2 seems very dark

  10. #10
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    Quote Originally Posted by Toxic
    Heh. Sorry.
    Sorry, I was teasing! Haven't figured out the emoticons yet.

    Quote Originally Posted by Toxic
    Well, considering the condition these units were in .. they have increased the value somewhat. It doesn't help that these people have to do alot of their shopping at Sears. I like Sears, but it wouldn't be my choice when I re-decorate a room!
    You're absolutely right. Sorry twice!!

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