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)





[06/30/16 - 02:53 PM]
Science Channel to Premiere "Unearthed" July 5 at 10PM
From the Pyramids to the Parthenon and Big Ben in London, the series reveals the deepest secrets of each structure by using the latest technology to solve mysteries.

[06/30/16 - 02:49 PM]
TLC's "My Big Fat American Gypsy Wedding" Returns with More Unique Dresses and Crazy Catfights
The series' fifth season premieres Sunday, July 17 at 10:00/9:00c.

[06/30/16 - 01:50 PM]
Kellita Smith ("The Bernie Mac Show") Joins the Cast of "In The Cut," Hit Bounce TV Comedy Series Returns for Season Two Tues. July 5 @ 9PM (ET)
Also on tap this season are Angie Stone, Claudia Jordan, Kenny Lattimore and Rolonda Watts.

[06/30/16 - 12:33 PM]
"Queen Sugar" to Debut with Two-Night Premiere Event Tuesday, September 6, and Wednesday, September 7 at 10 PM ET/PT on OWN
Led by acclaimed film director Ava DuVernay, who directed the first two episodes, all episodes in the series' debut season are directed by women.

[06/30/16 - 12:22 PM]
"Basketball Wives" Star Shaunie O'Neal Takes "Shaunie's Home Court" New Series Debuts on VH1 Sunday, July 17th at 10:30 PM ET/PT
The half hour comedic unscripted program follows O'Neal as she works to keep her lively family in line.

[06/30/16 - 11:47 AM]
Original Episodes of NBC Hits "Superstore" and "The Voice" Blind Auditions to Air During the Rio Summer Olympics
Look for said installments on Friday, August 19 and Sunday, August 21 at 10:30 p.m. following Olympics coverage.

[06/30/16 - 10:58 AM]
Marvel Television Returns to San Diego Comic-Con
The fun kicks off Thursday, July 21, with the first-ever San Diego Comic-Con Marvel and Netflix panel session.

[06/30/16 - 10:46 AM]
MTV Invades San Diego Comic-Con with the Return of "Teen Wolf," "MTV Fandom Fest" and "MTV Fandom Awards"
MTV will be on-the-ground with its own branded booth, giving fans an all-new interactive VR experience on the floor of the San Diego Convention Center.

[06/30/16 - 10:34 AM]
Animal Planet's "Dr. Dee: Alaska Vet" Returns with More Heartwarming Animal Rescues
The all-new season premieres Saturday, July 16 at 8:00 p.m. ET/PT on the cable channel.

[06/30/16 - 09:49 AM]
Starting Friday, Your Favorite Films Written and Directed by Albert Brooks Are Available in the U.S.
The films include: Defending Your Life, which marks its 25th anniversary this year; Looking for Comedy in the Muslim World; Lost in America; Modern Romance; Mother; The Muse; and Real Life.

[06/30/16 - 09:31 AM]
Cartoon Network Studios Connects Rising Talent with Mentors in Inaugural 3-Day Animation Jam, July 9-11
This 3-day animation jam continues the tradition of Cartoon Network's widely-recognized, artists-first approach in developing and discovering fresh and innovative content across all platforms.

[06/30/16 - 09:21 AM]
Academy Award(R) Winner and Marine Corps Veteran Gene Hackman Narrates Iwo Jima Film for Smithsonian Channel(TM)
The one-hour special provides new evidence and analysis proving that U.S. Marine Corps Pfc. and Purple Heart recipient Harold Schultz was one of the flag raisers in Joe Rosenthal's iconic Iwo Jima photo on Mount Suribachi.

[06/30/16 - 08:45 AM]
AMC's Critically Acclaimed Series "Halt and Catch Fire" Leaves Texas Behind for the Big Leagues of Silicon Valley
The series will return for season three on Tuesday, August 23 at 9:00/8:00c with two back-to-back episodes.

[06/30/16 - 08:37 AM]
Wednesday's Broadcast Ratings: CBS Tops Demo Race with "Big Brother"
The Eye leads the night among adults 18-49 while NBC is the most-watched network.

[06/30/16 - 08:36 AM]
Video: Netflix Releases Trailer #2 for "Stranger Things"
All episodes debut globally on Netflix Friday, July 15.