July 14, 2009
No bidders for site including Laburnum House
No bidders came forward yesterday to purchase a North Richmond property that includes the historic Laburnum House. The property was up for auction because it was repossessed by the lender. It had been owned by a Richmond development company, Ginter Place Associates, which is in bankruptcy. The starting bid price was nearly $2 million, said John Selbach of the Cantor Arkema law firm, who represents two owners of Ginter Place Associates. Because there were no bidders, the property was returned to the lender, Oregon-based StanCorp Mortgage Investors.
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