Article: Solaria to Be New York City's First Luxury High-Rise to Use Auction Process on November 22.

NEW YORK, Nov. 9 /PRNewswire/ -- Arc Development announced the first luxury high-rise auction in the Tri-State area for its Solaria development located in Riverdale. It is believed to be the largest auction of luxury residences in the Northeast, with 54 units up for grabs.

(Photo: http://www.newscom.com/cgi-bin/prnh/20091109/NY07869 )

Scheduled for Sunday, November 22 at 1 p.m. at Manhattan's Sheraton New York, the auction will be conducted by Real Estate Disposition, LLC (REDC), which has auctioned an industry-leading 50,000 properties for $6 billion in the last two years.

"Everyone who visits Solaria loves what they see, from the spacious ...

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