W.V. Lottery offers $15 million for office tower

Comment #2

Beatty500 — Wed, 03 Mar 2010 05:42:05 GMT

I agree. The building owner may want to reconsider. If you have that much to spend, build your own building.

Since I do not know the area, I cannot comment with authority. Here in the Atlanta Metro Area, there is a growing vacancy rate for commercial real estate.

Hope they can make a good deal. Maybe pass along some of the savings to the players.

Comment #1

rdgrnr — Fri, 26 Feb 2010 06:17:59 GMT

That building owner might wish he had grabbed that 15 million if the experts are right and commercial real estate tanks this year.

W.V. Lottery offers $15 million for office tower

Lottery Post — Thu, 25 Feb 2010 16:33:45 GMT

West Virginia's plan to purchase the City Center West office tower for the Lottery Commission is $7 million short of the owner's asking price, according to state and local officials familiar with the negotiations.

The state Department of Administration's Real Estate Division has offered to buy the 13-story building for $15 million. Building owner General Corp. wants $22 million.

The Lottery Commission would relocate its headquarters to City Center West, which is beside the Interstate 64/In... [ More ]