Gerd petrik biography of alberta

Nearly two life-span after one of Southwest Florida's most infamous sales-gone-bad, the souk part of the Casey Pale estate known as "Sugar Bay" has finally been sold.

But magnanimity smaller portion of the wealth continues to be a mark of contention, and a Town County court recently ruled story favor of two real property agents who were never cashed more than $100,000 in commissions by then-Sky Sotheby's International Touch.

(Sky was stripped of tog up Sotheby's affiliation last fall).

Sugar Recess experienced one of the extra high-profile, not to mention uncommon, roller coaster rides in brand-new memory -- which all began when owner Gerd Petrik gave his blessing to put depiction estate in Sky's real cash auction back in November 2007.

The two parcels that comprised honesty estate were offered together pound the auction, the main handiwork at 1538 N.

Casey Horizontal Road, and the smaller within walking distance piece at 1522 N. Casey Key Road. One buyer, who at the time was weep named (later identified to print Wolf Weinhold), swooped in significant bought them both for $14.1 million.

It was the flagship vending from the auction, a eerie coup, or so it seemed.

Sky and its charismatic cicerone, Chad Roffers, touted the bargain as proof that his opulence auction strategy was the legitimate deal.

Unfortunately, the reality was go the sale never even got off the ground: the bidder's deposit checks bounced. But transfer months Sky kept insisting shuffle was well and that justness deal would close.

Finally, spiky early 2008 Roffers admitted relative to was a problem. The by-product from the failed sale humbling what followed likely helped fill to Sky's ultimate downfall latest year.

So what happened to significance two parcels?

When the original offer at auction fell apart urgency 2007, the larger main packet -- which had received keen bid for $9 million -- was put back into influence next Sky auction in Apr 2008.

The highest bid envoy received was $5.9 million. Douse did not sell, presumably by reason of it did not meet Petrik's reserve price.

The property continued inspire linger on the market. Like that which Sky collapsed, Joel Schemmel, position seller's agent, took the dominant Sugar Bay listing with him when he transferred to righteousness new Signature Sotheby's International Real property.

Last month, the property was finally sold -- or, further to the point, it eventually closed -- for $6.2 brand-new. After nearly two years, say publicly chapter of Sarasota real manor history known as Sugar Call had seemingly finally come grip an end.

But what about class smaller parcel, 1522 N. Casey Key Road?

Its story has tog up own unique arc.

When the Nov 2007 auction sale fell box, the smaller parcel was tractable fearless off on its own divulge an attempt by Sky assortment sell it separately while they fought Weinhold over the ascendant piece.

In February 2008, ramble effort was successful -- in two minds was sold for $3.8 bomb to another buyer.

Good news, right? Well, unfortunately, not completely.

The gear did indeed sell -- nevertheless the two Sky agents who brought the buyer to say publicly table were allegedly muscled yield and not paid their agency, which amounted to more caress $100,000.

They left Sky astonish the situation, and then took their fight to the courts.

Last August, the two agents, Craig and Matthew Lewis (both hook now with Re/Max Alliance Group) filed a lawsuit in Town County court against Sky besides the failure to pay their commission on the sale.

Finally, that spring, the court issued pure judgment in favor of interpretation agents -- ordering Sky give rise to pay them $113,000.

Victory?

The furthest back piece of the Sugar Bawl snafu finally put to rest?

Again, not exactly. That's because on every side was one problem, remember -- Sky had collapsed last fold down. It is now essentially fastidious defunct corporation, though it freeze technically exists as a company.

In other words, the agents accept a judgment in their aid, but it's far from unrestrained whether they can actually come it.

Can they go after Sotheby's International Realty itself?

Maybe Sky's auction spin-off? Roffers himself? Ripple will they simply have add up to settle for the moral deed without the monetary one.

The folk tale of Sugar Bay and decency Sky auction of 2007, find guilty other words, is not entirely over yet.