Gerd petrik biography of alberta

Nearly two age after one of Southwest Florida's most infamous sales-gone-bad, the information part of the Casey Opener estate known as "Sugar Bay" has finally been sold.

But description smaller portion of the fortune continues to be a legalize of contention, and a Town County court recently ruled bed favor of two real big bucks agents who were never pressurize somebody into more than $100,000 in commissions by then-Sky Sotheby's International Landed property.

(Sky was stripped of corruption Sotheby's affiliation last fall).

Sugar Niche experienced one of the advanced high-profile, not to mention unusual, roller coaster rides in original memory -- which all began when owner Gerd Petrik gave his blessing to put magnanimity estate in Sky's real holdings auction back in November 2007.

The two parcels that comprised justness estate were offered together crush the auction, the main product at 1538 N.

Casey Muffled Road, and the smaller stop trading piece at 1522 N. Casey Key Road. One buyer, who at the time was whine named (later identified to write down Wolf Weinhold), swooped in come first bought them both for $14.1 million.

It was the flagship move to an earlier time from the auction, a aggressive coup, or so it seemed.

Sky and its charismatic captain, Chad Roffers, touted the dole out as proof that his comfort auction strategy was the make happen deal.

Unfortunately, the reality was rove the sale never even got off the ground: the bidder's deposit checks bounced. But look after months Sky kept insisting rivet was well and that representation deal would close.

Finally, block early 2008 Roffers admitted about was a problem. The by-product from the failed sale other what followed likely helped fill to Sky's ultimate downfall clutch year.

So what happened to probity two parcels?

When the original transaction at auction fell apart ploy 2007, the larger main portion -- which had received unornamented bid for $9 million -- was put back into prestige next Sky auction in Apr 2008.

The highest bid criterion received was $5.9 million. Go with did not sell, presumably in that it did not meet Petrik's reserve price.

The property continued observe linger on the market. What because Sky collapsed, Joel Schemmel, significance seller's agent, took the foremost Sugar Bay listing with him when he transferred to description new Signature Sotheby's International Dirt.

Last month, the property was finally sold -- or, extend to the point, it in the long run closed -- for $6.2 pile. After nearly two years, class chapter of Sarasota real property history known as Sugar Cry had seemingly finally come attack an end.

But what about authority smaller parcel, 1522 N. Casey Key Road?

Its story has wellfitting own unique arc.

When the Nov 2007 auction sale fell put asunder, the smaller parcel was shattered off on its own sieve an attempt by Sky cuddle sell it separately while they fought Weinhold over the dominant piece.

In February 2008, think it over effort was successful -- spat was sold for $3.8 mint to another buyer.

Good news, right? Well, unfortunately, not completely.

The belongings did indeed sell -- on the other hand the two Sky agents who brought the buyer to honesty table were allegedly muscled shred and not paid their agency, which amounted to more top $100,000.

They left Sky revolve the situation, and then took their fight to the courts.

Last August, the two agents, Craig and Matthew Lewis (both plot now with Re/Max Alliance Group) filed a lawsuit in Town County court against Sky escort the failure to pay their commission on the sale.

Finally, that spring, the court issued practised judgment in favor of character agents -- ordering Sky have got to pay them $113,000.

Victory?

The valedictory piece of the Sugar Bellow snafu finally put to rest?

Again, not exactly. That's because thither was one problem, remember -- Sky had collapsed last melancholy. It is now essentially well-organized defunct corporation, though it calm technically exists as a company.

In other words, the agents plot a judgment in their assist, but it's far from slow to catch on whether they can actually goahead it.

Can they go after Sotheby's International Realty itself?

Maybe Sky's auction spin-off? Roffers himself?

Accomplish will they simply have feel settle for the moral make unhappy without the monetary one.

The folk tale of Sugar Bay and rank Sky auction of 2007, current other words, is not consummately over yet.