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)





[10/16/17 - 12:21 PM]
Investigation Discovery and Time Inc. Productions Announce Premiere of New Season of "People Magazine Investigates"
Season two debuts Monday, November 6 at 10:00/7:00c.

[10/16/17 - 11:35 AM]
Comedian and Writer Wyatt Cenac to Star in Comedic Docu-Series Examining Hot-Button Issues, Debuting on HBO in Spring 2018
The half-hour late-night docu-series will take a satirical look at social and cultural issues from Cenac's unique perspective.

[10/16/17 - 11:00 AM]
History Honors Veterans Day with New Episodes of "The Warfighters" from Executive Producer Peter Berg on Nov. 11
"The Warfighters" premieres with four back-to-back new episodes on Saturday, November 11 beginning at 8:00/7:00c.

[10/16/17 - 10:02 AM]
TNT Launches New Psychological Thriller "The Alienist" Jan. 22
Set in 1896 amidst a backdrop of vast wealth, extreme poverty and technological innovation, this psychological thriller stars Daniel Brühl, Luke Evans, Dakota Fanning and Brian Geraghty.

[10/16/17 - 09:35 AM]
Guest Line-Up Announced for "The Daily Show Undesked Chicago 2017: Let's Do This Before It Gets Too Damn Cold" Including Common, Arne Duncan and Curtis Toler, Lena Waithe and Vic Mensa
As previously announced, "The Daily Show Presents: The Donald J. Trump Presidential Twitter Library," which made its debut in New York City in June, will open in Chicago this weekend.

[10/16/17 - 09:15 AM]
A&E Network to Premiere Six-Part Limited Series "Who Killed Tupac?" on Tuesday, November 21 at 9PM ET/PT
The series follows famed civil rights attorney Benjamin Crump as he conducts, for the first time ever, a no-stone-unturned investigation twenty years after the death of the dynamic and influential rapper and actor.

[10/16/17 - 09:07 AM]
National Geographic Acquires Cable Syndication Rights of NBCUniversal's "Running Wild with Bear Grylls"
The network also has the first option to air additional seasons of the series produced by Bear Grylls Ventures and Electus, should they be greenlit by NBC.

[10/16/17 - 09:06 AM]
Hotel Expert Anthony Melchiorri Checks-in to the World's Most "Extreme Hotels"
In Travel Channel's new series "Extreme Hotels," premiering Sunday, November 19, Melchiorri explores unique and breathtaking accommodations in bucket-list locales.

[10/16/17 - 08:59 AM]
Hallmark Channel's 7th Annual Hero Dog Awards Premieres October 25
The "Oscars for Dogs" features a veritable galaxy of two-legged stars, including hosts James Denton and Beth Stern.

[10/16/17 - 08:20 AM]
Best of HBO International Series to Arrive on U.S. Service in December
Beginning in December, two series from each of the regions will arrive on the U.S. streaming services HBO GO and HBO NOW as well as HBO On Demand.

[10/16/17 - 08:16 AM]
Sunday's Broadcast Ratings: "Sunday Night Football" Powers Another NBC Victory
Plus: CBS gets a boost to its lineup with a primetime NFL overrun.

[10/16/17 - 07:21 AM]
HGTV's "Property Brothers at Home: Drew's Honeymoon House" Premieres on Wednesday, Nov. 22, at 9 p.m. ET/PT
The five-episode series will follow the Scott brothers as they complete a massive renovation of the couple's first home together in Los Angeles.

[10/15/17 - 09:02 AM]
Saturday's Broadcast Ratings: ABC, College Football Top Demos
The Alphabet wins the night among adults 18-49 while CBS is the most-watched network.

[10/15/17 - 08:56 AM]
"Saturday Night Live" Generates Season Highs & the Show's 2nd Strongest Week 3 Metered-Market Rating in 6 Years
NBC spins the numbers for Saturday, October 14.

[10/14/17 - 08:21 AM]
Friday's Broadcast Ratings: CBS Takes Home Victory in Viewers, Demos
The Eye's trio of dramas top the night in both categories.