Roanoke Times
Copyright (c) 1995, Landmark Communications, Inc.
DATE: WEDNESDAY, December 22, 1993 TAG: 9312220113
SECTION: BUSINESS PAGE: B-8 EDITION: METRO
SOURCE:
DATELINE: LENGTH: Medium
The holder of the mortgage on the first phase of the Colonnade Corporate Center has advertised a foreclosure sale on the property.
Metropolitan Life Insurance Co. of Atlanta has proposed selling the office building at noon on Jan. 6 at the Roanoke County Courthouse.
The center is composed of two buildings facing Virginia 419.
Only the oldest building is involved in the sale. Metropolitan Life does not have the lien on the other building.
Richard Maxwell, a lawyer representing Metropolitan Life, said the original mortgage was for $5.35 million. He said the company would not disclose the amount still owed.
William Lafferty, senior investment analyst for Metropolitan Life in Atlanta, said the figure is higher than the original mortgage because of accrued interest, but the exact calculation would not be made until the actual time of the foreclosure.
Colonnade Corporate Center was built by The Hobart Companies Ltd. of Richmond.
- Staff report
Livestock sales announced for Jan.
The Virginia Beef Cattle Improvement Association's 21st annual Red House Senior Bull Sale will be held at noon Jan. 8 at the Red House bull test station. Each bull in the sale will have complete performance information. Catalogs for the sale are available from VA Sale Services, Route 2, Box 446, Staunton 24401.
The Virginia Commercial Bred Ewe and Ram Sale will be held Jan. 8 at the New River Valley Fairgrounds in Dublin. Sale information is available from Richard S. White, 143 Third St. N.W., Suite 3, Pulaski 24301.
- Staff report
by CNB