Auction for downtown federal building slows in climb to $1.95M

2013-04-29T23:30:00Z 2013-05-09T16:19:06Z Auction for downtown federal building slows in climb to $1.95MGazette Staff The Billings Gazette

9 a.m.: Bidder 6 has now upped the ante to $1,955,000 in a bid placed at 7:59 a.m. Tuesday.


 

INITIAL REPORT: The top bid in the ongoing online auction of the old James F. Battin Federal Courthouse in downtown Billings rose to $1,930,000 late Monday night.

Bidder 3 again holds the high bid after offering the $1.93 million bid placed at 11:19 p.m. Monday.

The previous high bid was from participant bidder 6, made at 7:21 a.m. Monday for $1,905,000. Before that, the highest bid was from bidder 3, who pushed the auction up to $1,880,000 at 10:21 p.m. Sunday.

On Sunday morning, five bids in six minutes between bidder 3 and 6 pushed the high bid to $1,855,000 from bidder 6.

Bidder 3 had the high bid on Saturday night at $1,730,000.

Back-and-forth bidding between bidder 6 and 3 on Saturday had bumped up the amount of the high bid by about $800,000.

Bidders in the auction, held by the General Services Administration, are only identified by number. The sale will continue until 24 hours pass without a new bid.

GSA is selling the former James F. Battin Federal Courthouse, at 316 N. 26th St. The five-story, 221,509-square-foot building is contaminated with asbestos, which led to the construction of a new, $80 million courthouse about a block south at 2601 Second Ave. N.

Information about the auction is available online at RealEstateSales.gov or PropertyDisposal.gsa.gov.

Copyright 2015 The Billings Gazette. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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