• NRC Realty Advisors changes name to
    NRC Realty & Capital Advisors

    To highlight its growth in financial advisory services since 2004, NRC Realty Advisors, LLC, a Chicago-based firm specializing in the accelerated sale of real estate by auction and sealed bid sales, has changed its name to NRC Realty & Capital Advisors, LLC.

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  • NRC Sells Rising Tide Auctions
    to Lender Processing Services, Inc.

    NOVEMBER 23, 2009, CHICAGO – NRC Realty & Capital Advisors, LLC (NRC) announced that, along with its partners, it has sold Rising Tide National Auction & REO Solutions, LLC (d/b/a Rising Tide Auctions), to Jacksonville, Fla.-based Lender Processing Services, Inc. (NYSE: LPS), a leading provider of integrated technology and services to the mortgage and real estate industries.

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  • NRC to Coordinate Nationwide Sale of
    More than 60 Former Bennigan's, Steak & Ale Properties

    CHICAGO, IL, September 17, 2008 -- More than 60 former Bennigan's Grill and Tavern and Steak & Ale properties located throughout the United States in prime, heavily trafficked locations will be sold next month in a sealed bid sale coordinated by NRC Realty & Capital Advisors, LLC. The bid deadline for the sealed bid sale is October 28, 2008.

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  • NRC Mart Opens ‘Doors’

    From the CSP Daily News

    CHICAGO -- NRC Realty & Capital Advisors LLC (NRC) has rolled out NRC Mart, a service for sellers of single or multiple convenience stores that capitalizes on NRC's extensive credentials in the sale of large portfolios. NRC Mart launched yesterday with an initial listing of approximately 20 c-stores with gasoline in Southern California, Arizona and Connecticut valued at $40 million, but is expected to have additional stores for sale in Chicago, Atlanta and other cities in the near future.

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  • Ray of Sunshine for Appco

    From the CSP Daily News

    BLOUNTVILLE, Tenn. -- In a sudden change of direction, Appalachian Oil Co. Inc. (Appco) will now be sold to a single buyer rather than broken up for several purchasers. The Appco chain in eastern Tennessee, in bankruptcy since early this year, is slated to be sold to Florida Sunshine Investments I Inc., Coral Gables, Fla., the same company that recently bought Appco's sister-company Crescent Oil Co. Inc., Independence, Kansas. The announcement was made by Denny Ruben, managing director of NRC Realty & Capital Advisors LLC, Chicago, which is handling the Appco sale under direction of the bankruptcy court.

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NRC   »  About Us   »  News   »  Press Releases   »  Deadline Announced for Michigan Bank Liquidation Auction

Press Releases

Thursday, October 15, 2009

Deadline Announced for Michigan Bank Liquidation Auction

OCTOBER 15, 2009, CHICAGO ? NRC Realty & Capital Advisors, LLC (NRC) has set the Auction Deadline of their fall online auction of southeast Michigan real estate for Wednesday, November 11, 2009. The Chicago-headquartered firm is a leading organizer of such sales on behalf of developers, lenders and companies disposing of multiple properties throughout the United States.

Themed the Michigan ?Land Grab? Auction, this sale is being held in conjunction with Windham Realty Group, Inc. and offers a variety of properties, including commercial and residential land, developed homesites and condominiums. The ?Land Grab? name is inspired by the very low minimum bids required to win properties, including homesites as low as $3,000. Plus, buyers will benefit from a Special Financing program requiring as little as 5% down on some properties.

The offering uses NRC?s online ?Bid Now? process so that buyers can purchase multiple sites or a single site online in advance of the sealed bid deadline. According to Auction Manager, David Levy, ?We are accepting ?Bid Now? offers through the auction website until the close of business on Tuesday, November 4. This is a way for buyers to potentially avoid a bidding war. After that we will be collecting sealed bids on unsold properties until the close of business on November 11. Any property that receives a sealed bid at or above minimum will be sold.? All bids are submitted through the auction website in just a few easy steps. Further information is available at www.nrc.com/912.

A summary of the property being auctioned includes:

Brownstown: 8.9 acres of residential land

Clarkston: 5 developed homesites ranging 1.2-2 acres in the Stonebrook community

Farmington Hills: 5 developed homesites in the attractive, wooded, community called ?The Sanctuary?

Fenton: Condominium featuring 2 bedrooms, 2 bathrooms, 2 car garage, and 1,380 square feet in the Waters Edge community. Available for viewing from 1-4 p.m. on Saturday and Sunday October 31, November 1, November 7, and November 8

Fenton Township: Condominium featuring 2 bedrooms, 2 bathrooms, 2 car garage, and 1,340 square feet in the Landings at Crane?s Cove community. Available for viewing from 1-4 p.m. on Saturday and Sunday October 31, November 1, November 7, and November 8

Grand Blanc Township: 10 spacious developed homesites in the Wakefield Woods community

Howell: 3 incomplete condominiums featuring a minimum of 2 bedrooms, 1.5 bathrooms, a 2 car garage and 1,460 square feet in the Pineview Village community. Available for viewing from 1-4 p.m. on Saturday and Sunday October 31, November 1, November 7, and November 8

Linden: 30,450 square feet of commercial land zoned CBD

Swartz Creek: 31 developed homesites in the Cole Creek community

Taylor: 10 developed homesites in the quaint Charter Oaks Village community that is unique for its attractive Colonial-style homes throughout.

Warren: 2.6 acres of commercial land zoned for office use.

Washington Township: 21 homesites in the beautiful Seven Lakes community that features 200 acres of common area, parks, lakes, and paved paths.

A complete overview of the properties available for sale is attached.

NRC Realty & Capital Advisors, LLC is a 20-year-old Chicago-based firm specializing in the accelerated sale of real estate by auction and sealed bid sale. NRC?s clients include lenders, developers, governmental institutions and high net worth investors. Equal housing opportunity.