First National Center

[brianinok]

There is some excellent information in that last article by Steve. While it may be possible the ultimate buyer will be one of these two who submitted offers I'm guessing not. Steve said in a tweet last night that one of the two had ties to Yashouafar, which is a scary thought. Is it Goodman or Sarimsakci?

My guess is Sarimsakci. Goodman looks like he has the contract for a long time, appears like he has done a lot of due diligence, etc. But Sarimsakci swoops in at the last minute and presents no concrete plans and a higher offer. No businessperson in their right mind buys a property without having a well-thought out plan, especially one in litigation where you will have to go before a judge to gain control.

But really, I'm just glad Yashouafar and Neman and Abselet have no control over the building now. I trust Jim Parrack will get the full slate of bidders he needs to make a decision, and this board and Steve will help vet them (hopefully we know the stages / finalists / etc. and not just the winner).

[Pete]

Steve said in a tweet last night that one of the two had ties to Yashouafar, which is a scary thought. Is it Goodman or Sarimsakci?

My guess is Sarimsakci. Goodman looks like he has the contract for a long time, appears like he has done a lot of due diligence, etc. But Sarimsakci swoops in at the last minute and presents no concrete plans and a higher offer. No businessperson in their right mind buys a property without having a well-thought out plan, especially one in litigation where you will have to go before a judge to gain control.

The way Sarimsakci has been inserted in this deal at the very last minute is very similar to how the property was suddenly 'sold' to Neman just before it was to be returned to the bank.

Beyond that, I have reason to believe that Sarimsakci has ties to Yashouafar but I can't divulge why I have drawn this conclusion. It's from inside info and I can't share the source.

[Snowman]

There is some excellent information in that last article by Steve. While it may be possible the ultimate buyer will be one of these two who submitted offers I'm guessing not. Steve said in a tweet last night that one of the two had ties to Yashouafar, which is a scary thought. Is it Goodman or Sarimsakci?

My guess is Sarimsakci. Goodman looks like he has the contract for a long time, appears like he has done a lot of due diligence, etc. But Sarimsakci swoops in at the last minute and presents no concrete plans and a higher offer. No businessperson in their right mind buys a property without having a well-thought out plan, especially one in litigation where you will have to go before a judge to gain control.

But really, I'm just glad Yashouafar and Neman and Abselet have no control over the building now. I trust Jim Parrack will get the full slate of bidders he needs to make a decision, and this board and Steve will help vet them (hopefully we know the stages / finalists / etc. and not just the winner).

It is odd that Yashouafar seems to be trying to remain in control of things he has a history of doing a terrible job managing, maybe he was able to wring out some short term profit while the assets were loosing value but multiple of his ventures seem to be long term albatrosses the way he is mismanaging them. Is he trying to prop up the house of cards of a business he has built? It he just trying to keep the debt from catching up with him a little while longer? What is he doing for these partners that people still seem willing to put their money and reputation on the line with him?

[catcherinthewry]

I trust Jim Parrack will get the full slate of bidders he needs to make a decision, and this board and Steve will help vet them (hopefully we know the stages / finalists / etc. and not just the winner).

Jim is very good at what he does and won't need any help from a reporter or an internet message board.

[brianinok]

Jim is very good at what he does and won't need any help from a reporter or an internet message board.

^^^^^^
This, 100%. This project is finally in experienced and very capable hands at this point. It's fun for us to discuss, and helpful to us as information consumers that people like Steve and others are helping interpret the goings-on, but if Jim needed Steve or us (heaven forbid) to help guide him through the process he would be unqualified for the job, which he absolutely, categorically is NOT.

Wow. I was seriously misunderstood. I know Jim is excellent at what he does. But Jim is not likely to release all his information to the public throughout the process. This board and Steve (and other reporters) will do some digging for the public. Of course I am sure that Jim will fully vet anyone he needs to do business with no matter what direction this takes. But if Pete is right that might not be a completely new sale process.

I look forward to what Steve reports and this board can come up with over the next several months/years on FNC. Because, like I said, I doubt Jim Parrack is going to issue a press release with all his info consistently.