or


[10/09/04 - 12:00 AM]
The Complex: Malibu' Unit No. 1 Sold for the Highest Amount at Public Auction on Series' Season Finale

[via press release from FOX]

"THE COMPLEX: MALIBU" UNIT NO. 1 SOLD FOR THE HIGHEST AMOUNT AT PUBLIC AUCTION ON SERIES' SEASON FINALE

Steve and Nicole Receive the Profits from the Sale of All Four Units

Spending a grueling summer renovating rooms in a condominium complex in Malibu, CA, and almost bringing their relationship to the breaking point paid off for Chicago couple Steve and Nicole on tonight's season finale of THE COMPLEX: MALIBU (8:00-9:00 PM ET/PT) on FOX. Todd Wohl of Premiere Estates Auction Company auctioned off the unit they worked on, unit No.1, for $1.2 million, realizing the highest-percentage profit of the units sold. Unit No. 1 is a two-bedroom, two-bath, 1,100-square-foot condominium with a knockout view of the Pacific Ocean.

In accordance with the rules of the show, Steve and Nicole walked away with the grand prize: over $300,000 � the profits from the sale of all four units. Each unit's profit was calculated as the difference between the amount of the auction sale and the unit's basis price. The basis prices are the total costs associated with the acquisition of the building, the process of converting the units from apartments to condominiums, and renovation costs not covered by the show's production budget. (Each of the four units has a different basis price. This differential is based on individual property appraisals and valuations by real estate agents prior to any work being done by the contestants.)

Unit No. 1 was purchased by a local Santa Monica couple who were the first tenants in the building after it was built in 1969, when their rent was $175 per month. While renting the unit, the husband met, dated and married his wife, and they conceived their first child there.

The three couples who renovated the other units in THE COMPLEX: MALIBU received nothing. Unit No. 2, also an 1,100-square-foot condo with two bedrooms and two bathrooms, renovated by Scott and Nicole "Sam" from Canton, GA, sold for $900,000. Unit No. 3, a two-bedroom, two-bath unit with 1,100 square feet of living space, was renovated by Dave and Ana from New York, NY, and sold for $950,000. Unit No. 4, the largest unit in the complex with three bedrooms and two bathrooms in 1,450 square feet, was redone by Barney and Rose from Hauppauge, NY, and sold for $950,000.

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 remained.

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.

Alex Shirloo of Prudential California had the property listing.

THE COMPLEX: MALIBU is produced by FremantleMedia North America, Inc. Ted Haimes ("Married By America," "Temptation Island," "The History of Rock 'n' Roll") is executive producer.





  [october 2004]  
S
M
T
W
T
F
S
     


· COMPLEX, THE: MALIBU (FOX)
· MARRIED BY AMERICA (FOX)
· TEMPTATION ISLAND (FOX)





[01/17/17 - 12:43 PM]
USA Network Announces "The Sinner" Starring Jessica Biel and Bill Pullman
The first installment of the close-ended series follows a young mother (Biel) who, when overcome by an inexplicable fit of rage, commits a startling act of violence and to her horror has no idea why.

[01/17/17 - 12:29 PM]
Video: Netflix Releases Featurette for "A Series of Unfortunate Events"
Today, Netflix released a featurette detailing the collective misery involved in bringing this most regrettable tale to life.

[01/17/17 - 12:08 PM]
"It's Always Sunny in Philadelphia" Builds on Record-Setting Season Premiere
FXX further spins the numbers for Wednesday, January 11.

[01/17/17 - 12:00 PM]
VH1 Sets Monday, February 20th for "The Breaks" Premiere
The original film, which aired last year on VH1, followed three young friends fulfilling their hip hop dreams in New York City in 1990.

[01/17/17 - 11:02 AM]
"Nashville" on CMT Ratings Soar with Newest Episode Outpacing the Premiere as CMT's Most Watched Original Telecast Ever
CMT further spins the numbers for Thursday, January 12.

[01/17/17 - 10:06 AM]
Emmy(R)-Winning Comedy Series "Girls," Created by and Starring Lena Dunham, Returns for Sixth and Final Season Feb. 12, Exclusively on HBO
Judd Apatow, Jenni Konner, Lena Dunham, Ilene S. Landress, Murray Miller and Bruce Eric Kaplan executive produce the show.

[01/17/17 - 09:50 AM]
Monday's Broadcast Ratings: "The Bachelor" Keeps ABC in Front
The Alphabet continues its win streak among adults 18-49.

[01/17/17 - 09:31 AM]
Amazon Original Series "The Collection" to Launch on Prime Video in the US on February 10
The series is a gripping family saga where scandal and betrayal plague the Sabine family's relentless pursuit of success.

[01/17/17 - 09:07 AM]
John Mankiewicz Joins and Daniel Pyne Expands Role on Amazon Original Series "Bosch"
Overmyer will remain an Executive Producer on "Bosch" and is taking over showrunner duties on "The Man in the High Castle."

[01/17/17 - 09:00 AM]
Meet the Talented Young Staff Who Produce the Pages of the Biggest Women's Media Brand in the World When "So Cosmo" Premieres Wed., Feb. 8 at 8 PM ET/PT Only on E!
The eight hour-long episode series uncovers the glamour and behind-the-scenes drama of these trendsetter's celebrity encounters, fashion and beauty shoots that occur at Cosmopolitan.

[01/17/17 - 09:00 AM]
The "52nd Academy of Country Music Awards(TM)" to Be Broadcast Live from T-Mobile Arena in Las Vegas, Sunday, April 2 on CBS
This will mark the first time the show will be broadcast from T-Mobile Arena.

[01/17/17 - 08:02 AM]
CNBC Expands Primetime Slate and Adds to Development Pipeline
The network today announced two returning series - "The Filthy Rich Guide" (spring) and "Jay Leno's Garage" (summer) both will be back for third seasons.

[01/17/17 - 08:01 AM]
Video: All New Official Trailer and Key Art for Netflix's "Santa Clarita Diet"
The new Netflix series stars Drew Barrymore and Timothy Olyphant.

[01/17/17 - 08:00 AM]
CBS News Will Deliver Comprehensive Coverage and Original Reporting on All Platforms on Inauguration Day, Jan. 20
Look for a one-hour primetime special beginning at 8:00/7:00c.

[01/17/17 - 07:00 AM]
Video: New Trailer - Girlfriend's Day - on Netflix Feb. 14
Director Michael Paul Stephenson (The American Scream) invites you to experience a clever and quirky story about love, loss and the worst place to get a paper cut.