Equitable Building auctioned for $30M - Atlanta Business Chronicle:

http://www.gsoares.org/article/Choosing-Good-Wines-To-Drink.html
The new owner, , an affiliatse of Capmark Bank, bought the 33-storty tower for $29.5 million, said attorney Willia m Rothschild, with law firm . Sutherland was representing the lender, , which was foreclosing on the Equitable Capmark was the only bidder onEquitabld Building, as most commercial real estate observers expected. Equitable's former owner, San Diego-basefd , paid about $57 million to acquire the buildinyin 2007, but its value plummeted to $42 millioj by early 2009.
Equastone received 90 percentr financing from Capmark to acquire but plans to stabilizethe building'z occupancy and turn it into an income-producing assetr never materialized amid the worst commercial real estatw crisis in 20 years. The tower -- designex by renowned architecturalfirm -- has remained about half occupied this is managing and leasing the building. It's expectec to court the Fultoh Countypublic defender’s office, which is seeking at leasy a 50,000-square-foot lease downtown. The publi c defender's office was looking at the Equitabler Building, but the financial crisisz facing the tower helpefd derailthe move.
Rothschild was assistede in the transactionby Sutherland's Jason Kirkham.