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.

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