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)





[02/23/17 - 12:27 PM]
E! Goes "Live from the Red Carpet" with Hosts Ryan Seacrest and Giuliana Rancic at the Oscars Sunday, February 26th Starting at 1:30P ET and 10:30A PT
The network's second screen live coverage will include a live, immersive 360 experience utilizing the latest state-of-the-art technology enabling fans to enjoy the red carpet like never before.

[02/23/17 - 12:00 PM]
Matthew Broderick Cast in "Katrina: American Crime Story"
Broderick will portray Federal Emergency Management Agency (FEMA) Director Michael D. Brown, who was in charge of the federal disaster response to Hurricane Katrina.

[02/23/17 - 11:22 AM]
WGN America's "Underground" to Feature Original Song from Executive Producer John Legend, "In America," in Season Two Premiere
By tweeting #UndergroundWGN, fans will automatically unlock a :60, extended version of the trailer that includes the song preview.

[02/23/17 - 11:10 AM]
"Saturday Night Live" Returns with Back-to-Back Shows
Look for Octavia Spencer/Father John Misty on March 4 followed by Scarlett Johansson/Lorde on March 11.

[02/23/17 - 11:03 AM]
History(R) Greenlights Navy Seal Team Six Drama Series "Six" for a Ten Episode Second Season from A+E Studios in Association with Weinstein Television
Two new episodes remain in the current season airing Wednesdays at 10:00/9:00c, with the season one finale airing on Wednesday, March 8.

[02/23/17 - 10:56 AM]
Super Plus Official Plus Delicious - "The Get Down" - New Episodes April 7
Netflix confirms the release date of Part II from the series.

[02/23/17 - 10:29 AM]
"Dateline NBC" Correspondent Keith Morrison Explores Claims of a Wrongful Conviction in Investigation Discovery's Special "Murder in Lehigh Valley"
"This is an incendiary case that continues to provoke passion on both sides," said Morrison.

[02/23/17 - 10:19 AM]
ABC's First-Ever Live Post-Oscars(R) Special, Hosted by "black-ish" Star Anthony Anderson, Airs Sunday, February 26
The Emmy-nominated actor will be joined by "Good Morning America" Co-Anchor Lara Spencer, with special contributors Joe Zee, Yahoo Style's editor-in-chief, and ABC News' Chris Connelly.

[02/23/17 - 09:46 AM]
"Essence Black Women in Hollywood Awards & Gala" Primetime Special to Air on OWN Sunday, March 5
For the past decade, the star-studded celebration has been at the forefront of spotlighting Hollywood's most creative and accomplished African-American female visionaries both in front of the camera and behind the scenes.

[02/23/17 - 09:31 AM]
Starz Announces Highly-Anticipated Original Series "American Gods" to Premiere in the U.S. on Sunday, April 30th at 9PM ET/PT
The series will debut publicly at the festival on March 11 at 11 AM CT at the Vimeo Theater in the Austin Convention Center followed by an extended Q&A moderated by KCRW's Elvis Mitchell.

[02/23/17 - 09:00 AM]
BBC America's "Planet Earth II" Becomes Highest Rated U.S. Nature Show
BBC America further spins the numbers for Saturday, February 18.

[02/23/17 - 08:27 AM]
Wednesday's Broadcast Ratings: ABC Holds Off Demo Competition
The Alphabet's "Modern Family" remains the night's top draw among adults 18-49.

[02/23/17 - 08:12 AM]
Rap Legend Rick Ross to Host and Perform at the "2017 MTV Woodies" Music Festival Live from Austin on Thursday, March 16 at 11:00 P.M. ET/PT
Said Ross: "I'm excited to attend SXSW this year. The biggest boss is hosting the 'Woodies' and my album drops March 17. MTV, get ready."

[02/23/17 - 08:04 AM]
Former Mobsters Go Suburban in Oxygen Media's New Docu-Comedy Series "Unprotected" Premiering Tuesday, April 11 at 9PM ET/PT
The series follows the Cantarellas, a boisterous, old-school family that participated in the Federal Witness Protection Program after their testimony led to the conviction of one of the most powerful crime families in the country.

[02/23/17 - 06:47 AM]
Ten Perfect Matches, One New Game on MTV's Spinoff Series "Are You the One: All-Star Challenge"
The new series premieres Wednesday, March 22 on MTV, one week after the shocking March 15 season finale of "Are You the One?".