Posts

Stein Construction Auction August 30th

This article regarding Stein Construction auction originally reported at Chattanoogan.com

Stein Construction Going Out Of Business After 4 Generations, 105 Years; Doug Stein To Turn Attention To Black Creek

Thursday, August 10, 2017

Stein Construction Company is going out of business after four generations of management by the Stein family over 105 years.

Doug Stein said he is the last of his family involved in the business, and he will turn his attention to the development of the Black Creek and Aetna Mountain property in Lookout Valley.

An auction of the Stein equipment will be held Aug. 30 conducted by Compass Auction at company headquarters at 3611 Amnicola Highway. Mr. Stein said that 6.7-acre property has already been transferred to PSL Holdings.

Mr. Stein said, “Over the last eight years, it has become harder and harder to operate in our area of the construction business.”

He noted that he and two partners earlier acquired the huge Black Creek Development off Cummings Highway and Cummings Road. He said he and his partners have now bought out a hedge fund that was involved for several years.

Mr. Stein said the group plans to develop one more small section above a recently developed area by the old Aetna Mountain Road. He said the area on the side of the mountain above that will be donated to land trusts.

Mr. Stein said work began last week on paving another section of Aetna Mountain Road. He said it will eventually be paved to the top of the mountain.

He said there are about 1,000 developable acres on top of the mountain, and he and his partners plan to be involved in its development.

Stein Construction was founded in 1912 by John A. Stein, great-grandfather of Doug Stein. He was originally from Indiana, but took a job with a construction firm here.

Gilbert Stein ran it from 1930 to 1950, building among other projects the intricate bridge on Cummings Highway at Jonas Bluff.

J. Douglass Stein took over after Gilbert Stein suffered a stroke.

Doug Stein joined the family business in 1980. He became president in 1989 after the death of J. Douglass Stein. His brother, Taylor Stein, became vice president.

For more information about the auction including a catalog of items, photographs, registration and pre-bidding, click here.

Compass Auctions Stein Construction Auction Aug. 30th 2017

James Robertson Parkway Property as Reported by WKRN

James Robertson Parkway is the focus of a large real estate auction in Nashville, TN to be held on June 21, 2017 at 2pm CST. Originally seen on May 9, 2017 on Nashville’s WKRN Channel 2 this is a piece entitled: “Amid Nashville’s Boom There’s Still Property For Sale Downtown”

For more information, please visit our page here or call Justin Ochs, at (800)729-6466.

Compass Real Estate Closes Eagles Landing for $2 Million | Atlanta

Compass real estate The Compass Real Estate Team is honored to announce the closing of 8.84 commercial acres located off of Eagles Landing Parkway and Country Club Drive in Atlanta, Georgia.  The project is one of more than 26 assets entrusted to Compass Auctions & Real Estate to list and sell on behalf of the Federal Deposit Insurance Commission (FDIC).  Compass, with offices in Nashville, Chattanooga, Western Kentucky and Atlanta works closely with Special Assets Consultant T. Kyle Swicegood, CCIM to assist in the disposition of assets nationwide.

The Eagles Landing Development was assigned to Project Manager Justin Ochs, VP of National Development for Compass.  Ochs worked diligently with FDIC officers over the past several months to identify potential developmental concerns and effectively transfer the commercial acreage back into the public’s hands.

“Additionally, Ochs and Compass Real Estate conducted an exhaustive search through specially designed marketing techniques. Identifying cash buyers who could overcome any potential concerns.”

Compass real estate eagles landingCompass real estate eagles landingCompass real estate eagles landingCompass real estate eagles landing

 

 

 

 

The Eagles Landing Parkway Development consists of 2.24 +/- acres on the corner of Eagles Landing. With  additional 6.51 +/- acres located on Country Club Drive, for a total of 8.84 acres.  Furthermore, Ochs worked with buyers to identify and overcome erosion control issues, buffer zones and ingress and egress issues. Successfully selling the entire development in 5 months.

The property was listed and sold by Team Compass for a total of $2,000,000.  FDIC Officers and Asset Managers have been extremely pleased with the performance of properties. These properties were listed across the state of Georgia by the Compass Real Estate Team.

Work Trucks @ Auction – April 28, 2016

Compass Auctions & Real Estate | City of Chattanooga Tram Auction | SoldonCompass.com

WRCBtv.com | Chattanooga News, Weather

 

The Compass Auctions & Real Estate exclusive SIPP© Program was used to assist the City of Chattanooga in the process of offering the Incline/Tram for sale @ auction.

The tram is functional but has been closed due to certification requirements and needs to be replaced with another option that will better suit the needs for the City of Chattanooga and their exceptional waterfront and tourism efforts.

Since installation the tram has required continued operational efforts and certification requirements that exceed its current usage. So with that considered and the City of Chattanooga’s conscious efforts to return renewable funds to the City budget the item was listed for sale with Compass Auctions and listed for auction.

While a minimum amount offer has been placed on the auction sales the tram is currently under review for the bid offer of $9,000.00. With the purchase of the tram the buyer will be required to submit a safe removal plan as well as rigging fees and transportation costs to their site. The bid is currently pending approval and the results are expected within a approx. a week. If the offer is not accepted the item will be relisted for sale and will be offered once again for purchase. If you would like further information about this item or other upcoming auctions please contact info@soldoncompass.com we provide a positive and professional  sale environment for our clients and buyers. Going above expectations Team Compass “Makes It Happen”!

Compass hosts monthly online webcast auctions which runs in conjunction with our exclusive SIPP© Sell In Place Program that offers clients the ability to list their items for sale @ auction or private treaty without the hassle and expense of moving them to a sale yard, paying rigging and transportation costs which for some items is cost prohibitive and creates additional strain on staff and surplus asset managers.

Compass handles the projects start to finish. Communications, images, marketing, sale transactions of the items, comprehensive reporting, and transportation coordination. If you would like more information about SIPP© or listing items or real estate contact a Compass Auctions Team Member near you.

Chattanooga Corporate: 423-702-6180

Nashville

Lebanon

Columbia

Kentucky

The entire Southeast and Nationwide – Using Compass points you in the right direction!

SoldonCompass.com (website)

info@soldoncompass.com (email)

423-702-6180 (phone)

 

Compass Auctions & Real Estate Heritage of Auctioneering

Compass Auctions & Real Estate encourages our visitors to view this fascinating PBS documentary.

At approximately 11 minutes into the documentary the focus is on Ray and Kevin Holt. The father and brother of our principal auctioneer Steven Holt. An auction family heritage that spans generations. Ray and Kevin operate the Compass Associate Company, Holt & Associates in Colorado Springs, Co. and they both give a great interview!

Enjoy the show.

http://video.pbs.org/video/2365457210/

Featured Image

Ochs Closes More Than $9 Million in Real Estate Transactions for 2014

Team Compass employs individuals of the highest caliber to care for their clients.  It was no surprise when our Principal Broker and VP of National Development, Justin Ochs, shattered company records with an outstanding 2014 real estate season.

Justin’s passion for excellence, customer care, and pursuit of excellence has allowed him to reach new heights in the real estate industry.  Notable closings included an office building on 4 acres located in Thomposon’s Station, TN.  Ochs used his network to attract the attention of Dave Ramsey, multi-millionaire and noted financial guru.  Mr. Ramsey purchased the building for $1.9 million.  Other notable transactions included the sale of Arbor Crest Subdivision in Mount Juliet for $1.4 million, and several commercial tracts in downtown Knoxville for $1.3 million.

justinochsandfamily

Justin’s expertise also gained national attention in 2014.  The asset managers for the Federal Deposit Insurance Corporation (FDIC) awarded Justin a $30 Million real estate portfolio to list for sale in the traditional marketplace.  Ochs worked closesly with Special Assets Consultant T. Kyle Swicegood, CCIM to manage and broker the sale of these assets.

“I rely on real estate professionals across the country; Justin Ochs is my most trusted professional,” stated T. Kyle Swicegood.  ”He knows how to take complex assets and market them in a way that brings about the highest value. Trustworthy, hardworking and a student of real estate. He is the go-to person in the Tennessee marketplace.”

Ochs also served a number of residential buyers in 2014 overcoming obstacles to ensure buyer’s  every need was met, and closings continued as scheduled.  One of the most memorable he recalled was a transaction with Tim & Renee Sherk moving from Dade City, FL.  The Sherks had 3 weeks to find a home, get moved in, and prepare their children for the next school semester.  Justin not only kept the transaction on schedule, but had builders complete interior remodeling projects to their chosen home before and after closing.

“Thank you so much for all your efforts in making our move and new home so special, “Renee Sherk stated.  ”Thanks for going above and beyond to cover other’s mistakes at times.  You are a class act!”

Ochs not only set record sales in 2014, he began to develop and continues to build a top performing real estate team across the southeastern region.  Justin currently trains Compass agents from across the state and has opened new offices in Western Kentucky and Atlanta, Georgia.

“One of my favorite quotes is from Zig Ziglar,” Ochs commented. “‘You don’t build a business. You build people, and then people build the business’.  We are in the business of building people, building the business is just something we get to enjoy along the way.”

Justin encourages you to seek out a Compass Agent in your area for your next real estate transaction.  Links to these professionals can be found below:

Wilson/Rutherford County – Ray Hubner & Stephanie Hubner

Davidson/Sumner County – Alexzandra Geyerman

Hamilton County – Chris Wood & Miller Haynes

Western Kentucky – Joshua Abner

For more information, Contact Compass Auctions & Real Estate Corporate Division at (423) 702-6180, or their Nashville Division at (615) 757-3339.

Abner Joins Compass Team and Expands Operations to Kentucky

Joshua AbnerA Trigg County High School teacher and coach has added another title to his list of accomplishments. Joshua Abner of Cadiz has just completed 80 hours of instruction at the Kentucky Auction Academy in Bowling Green.

After completing training in the areas of real estate, automotive, heavy equipment, livestock and personal property, Abner has joined Compass Auctions & Real Estate. The addition of Abner has allowed the company to expand into western Kentucky.

COMPASS REAL ESTATE SELLS ZIPS GAS STATION FOR $1.31 MILLION

Compass Real Estate Sells Zips Gas Station for $1.31 Million

Lebanon, TN (4/29/2014) – Compass Real Estate is excited to announce the closing of the Zips Gas Station located at 1137 Castle Heights Ave in Lebanon, TN.  This property is one of more than 25 properties entrusted to Compass Real Estate to list for sell on behalf of the Federal Deposit Insurance Corporation (FDIC).  Compass Real Estate, with offices both in Chattanooga and Nashville, works in association with The Swicegood Group, Inc. of North Carolina to assist in the disposition of FDIC-owned real estate nationwide.

This gas station was assigned to FDIC Project Manager Justin Ochs, Principal Broker/Lead Auctioneer for Compass’s Nashville Division.  Justin quickly resourced Compass’s extensive database of national and international buyers.  Within 30 days and before a list price could be issued by FDIC, Justin brought 5 competing buyers to the table.  A final call for highest and best offers was issued as soon as the list price was announced in early December.

Built in 2001, Zips Gas Station offers the perfect location placed at the corner of N. Castle Heights Ave and N. Cumberland St.  The convenience store encompasses 6,649 +/- square feet of gross building area with an automated carwash and 14 covered gas pumps.  The location, high traffic area, and array of income producing amenities made this gas station an easy buying decision for interested parties.

This property was listed and sold by Team Compass for $1,310,000.00.  FDIC Officers and asset managers have been extremely pleased with the performance of properties listed across the state of Tennessee by Team Compass.

Justin Ochs, M.S., CAI Principal Broker/Auctioneer Compass Auctions & Real Estate Nashville Division TennesseeAuctioneer.com “Choosing the right company to handle your auction often makes the difference. With a passion for excellence and extraordinary performance, Compass Auctions & Real Estate works to secure the highest dollar for your assets”

Events

Nothing Found

Sorry, no posts matched your criteria