Equitable Building auctioned for $30M - South Florida Business Journal:

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The new owner, , an affiliate of Capmark boughtthe 33-story tower for $29.5 said attorney William Rothschild, with law firm . Sutherland was representinv the lender, , which was foreclosing on the Equitabler Building. Capmark was the only bidder onEquitabls Building, as most commercial real estate observers expected. Equitable'z former owner, San Diego-based , paid aboug $57 million to acquire the building in but its value plummetedto $42 million by earlt 2009.
Equastone received 90 percenft financing from Capmark toacquire Equitable, but plans to stabiliz e the building's occupancy and turn it into an income-producing assert never materialized amid the worst commercial real estat crisis in 20 years. The towefr -- designed by renowned architecturalfirm -- has remained aboutg half occupied this year. is managing and leasingb the building. It's expected to court the Fultojn Countypublic defender’s which is seeking at leasty a 50,000-square-foot lease downtown. The publifc defender's office was looking at the Equitabled Building, but the financial crisis facing the towere helped derailthe move.
Rothschild was assistedf in the transactionby Sutherland'x Jason Kirkham.