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)









[05/04/15 - 10:13 AM]
Nickelodeon Greenlights Second Season of Daily Scripted Musical Comedy Series, "Make It Pop"
The series ranks as the most-watched long-form content on Nick.com and on the Nick App.

[05/04/15 - 10:00 AM]
Video: "Tyrant: The Devil Inside" - Official Season Two Trailer
Season two premieres Tuesday, June 16 at 10:00/9:00c on FX.

[05/04/15 - 09:32 AM]
The Stars Are Aligned and Scrubbing In for a Special Live Episode of "Undateable" Tuesday, May 5 at 9 P.M. on NBC
Zach Braff, Donald Faison, Neil Flynn, Christa Miller, Kate Walsh, Victoria Justice and Dr. Drew Pinskey are among those slated to appear.

[05/04/15 - 08:51 AM]
The Fight of the Century Reaches New Heights: Floyd Mayweather vs. Manny Pacquiao Will Now Be Seen in Space
At the request of the ISS, the fight was packaged and delivered for the crew to watch at their leisure.

[05/04/15 - 08:44 AM]
"A.D. The Bible Continues," "American Odyssey" Maintain 100% of Last Week's 18-49 Ratings
NBC spins the numbers for Sunday, May 3.

[05/04/15 - 08:37 AM]
ABC Wins Its 2nd Straight May Sweep Sunday in Adults 18-49
ABC spins the numbers for Sunday, May 3.

[05/04/15 - 08:34 AM]
Sunday's Broadcast Ratings: "Once Upon a Time," "Secrets & Lies" Top Demos for ABC
The Alphabet is the top broadcast network among adults 18-49 last night.

[05/04/15 - 07:30 AM]
CBS Is the #1 Network with Consumers
In addition, CBS has more top 20 series than any other network in virtually every major consumer category.

[05/04/15 - 07:29 AM]
Derek Jacobi and Ian McKellen Are Back For Season 2 of the Critically Acclaimed Comedy, "Vicious" August 23, 2015 on PBS
The six-part series will round out PBS's must-see Sunday night programming.

[05/04/15 - 05:49 AM]
Production Begins on the Ninth Installment of the Famed Detective-Movie Series "Jesse Stone: Lost in Paradise" Starring Golden Globe and Emmy(R) Winner Tom Selleck
William Devane, Leslie Hope and Luke Perry also star in the project, based on the bestselling books by Robert B. Parker.

[05/04/15 - 05:48 AM]
Wedding Bells Will Ring Throughout Hallmark's "June Weddings Month"
Original movies "Love Again" (formerly "Last Resort"), "The Perfect Match" (formerly "A Perfect Wedding") and "A Country Wedding" are all on tap.

[05/04/15 - 05:23 AM]
"Keeping Up with the Kardashians: About Bruce" Two-Part Special to Air on E!
The special will take an earnest look at the family's struggle to process their own feelings as they work through hearing from Bruce directly about finally living life as the person he's always known himself to be.

[05/03/15 - 09:30 AM]
Saturday's Broadcast Ratings: CBS Tops Viewers, Shares Demo Crown with ABC
The Eye's "48 Hours" tops both total viewers and adults 18-49 last night.

[05/03/15 - 09:28 AM]
"Saturday Night Live," With Host Scarlett Johansson, Ranks as the #1 Telecast of the Night on the Big 4 Networks
NBC spins the numbers for Saturday, May 2.

[05/02/15 - 09:23 AM]
"Dateline NBC" Delivers Its Most-Watched Friday in Four Weeks
NBC spins the numbers for Friday, May 1.