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)





[02/22/17 - 02:28 PM]
Descend Into a Hidden World in Smithsonian Channel's "Americans Underground: Secret City of WWI"
Look for the one-hour special on Monday, March 13 at 8:00/7:00c.

[02/22/17 - 02:00 PM]
Sonar Entertainment Enters Into First-Look TV Deal with Jordan Peele's Monkeypaw Productions
Other Sonar overall producer deals include George Clooney and Grant Heslov's Smokehouse Pictures, and Robert Downey Jr. and Susan Downey's Team Downey.

[02/22/17 - 02:00 PM]
Eden Brolin Elevated to Series Regular for Season Two of Freeform's "Beyond"
"As soon as Eden appeared on 'Beyond,' we knew she was something special. We're thrilled that viewers will get to learn more about Charlie in season two," said Karey Burke.

[02/22/17 - 01:06 PM]
"VH1 Hip Hop Squares" Kicks Off Monday, March 13th at 10PM ET/PT
Hosted by comedian DeRay Davis, the season kicks off Monday, March 13 with two new episodes per night for a branded "VH1 Hip Hop Squares Week."

[02/22/17 - 12:45 PM]
FOX Orders a Second Season of "Star"
"Lee Daniels is a true visionary and he and Tom Donaghy have delivered a series with a unique and meaningful point of view," said David Madden.

[02/22/17 - 12:21 PM]
FOX Sports Set for 22nd Season of Major League Baseball Coverage
The national broadcast schedule includes a minimum of 72 game telecasts across FOX and FS1, highlighted by over 47 appearances by teams that participated in the 2016 postseason.

[02/22/17 - 11:30 AM]
IFC and Film Independent Renew Exclusive Agreement to Telecast the Film Independent Spirit Awards on IFC Through 2020
This year's event airs live on IFC on Saturday, February 25 at 2 pm PT/5 pm ET.

[02/22/17 - 11:21 AM]
Velocity's Collector Car Archeologist Wayne Carini Returns for an All New Season of "Chasing Classic Cars"
Look for season nine to kick off on Wednesday, March 15 at 9:00/8:00c.

[02/22/17 - 11:01 AM]
FX Sets Premiere for Third Year of "Fargo"
Production on the Emmy(R) Award and Golden Globe(R) Award winning limited series is currently underway in Calgary with stars Ewan McGregor (in dual roles), Carrie Coon, Mary Elizabeth Winstead and David Thewlis.

[02/22/17 - 10:48 AM]
Premiere Date Change: "Killing Richard Glossip" Now Premieres on ID on Monday, April 17th & Tuesday, April 18th at 9/8c
The special was previously scheduled for Sunday, March 5.

[02/22/17 - 10:15 AM]
"Lethal Weapon" Renewed for a Second Season on FOX
The series delivers a total Multi-Platform average audience of 11 million viewers and ranks among the Top 5 new series this season.

[02/22/17 - 09:31 AM]
Jamie Chung Joins Cast in Bryan Singer's Untitled Marvel Project for FOX
Chung will star in a series regular role as Clarice Fong, better known as Blink, a sarcastic and lively tomboy.

[02/22/17 - 09:23 AM]
Louis C.K. Filming Two New Stand-Up Specials Exclusively for Netflix
The first of the specials, titled 2017, was filmed in Washington DC, and will premiere April 4, everywhere Netflix is available.

[02/22/17 - 09:11 AM]
Hulu Acquires Subscription Streaming Rights to Emmy(R) Award-Winning Starz Original Series "Black Sails"
All past episodes of the series from previous seasons will become available to stream on Hulu starting today.

[02/22/17 - 08:39 AM]
Tuesday's Broadcast Ratings: NBC, "This Is Us" Top Demo Charts
The Peacock once again wins the night among adults 18-49.