Re:

what new

I'll be in NY Sat and Sun. I could come by Sat or Sun later afternoon say after 3) if you're around.

On Sanford. the trustee-judge ordered a new appraisal due this week so he can accept a lowerprice. Word is it will be around $1.8-1.9M. The offer will have to meet minimum two-thirds of appraisal requirement. There is at least one other person interested so I assume it will take an offer of $1.4M+. I think this is the "best buy" out there in that range.

McCann tells me that Swanson (within his ego borders) is pushing him to get you to make an offer on 1220 S.Ocean. He is now two weeks beyonf the date he extended the $22.7M mortgage loans (Sept 28, 2010).

The Maddock lot on N Lake way closed (as 2 parcels) for $15M and Madoff closes Oct 15 for $5.6M.

I just heard that someone is quietly marketing his oceanfront described as "a one bedroom with other bedrooms within guest houses" on the ocean for $70M. I will look into this but the obvious suspects are Thornton, Vargas and Ryboblev.

We should revisit John's property and I should tell you about Patricia Kluge who is in dire straits in Charlottesville with cross collateralized loans on Albemarle House and the winery. See link: http://www.sothebysrealty.com/eri/PropertyDetails.aspx?R=104206342

P