<p> All sales pertaining to East Coast Brokers and Packers, the Madonia family, and related entities have been approved by the U.S. bankruptcy court in Tampa for more than $75 million on September 5th.<hr class="legacyRuler"><hr class="legacyRuler"><hr class="invisible minimal-padding"> Four live real estate auctions, an online real estate auction, two equipment auctions, and the private sale of a condominium resulted in a grand total of $75,097,134, exceeding expectations by every measure, according to The Miami Herald. “This has literally been the most remarkable team effort of which I’ve ever been a part,” commented Murray Wise, CEO of Murray Wise Associates. “This very complex group of assets required the combined efforts of Murray Wise Associates, Crosby & Associates, Woltz & Associates, and Weeks & Associates, who worked together seamlessly for months. Chapter 11 Trustee Jerry McHale and his staff at McHale, P.A. also put in endless hours and were great to work with.”<hr class="legacyRuler"><hr class="legacyRuler"><hr class="invisible minimal-padding"> “By any yardstick you can come up with, this team has achieved more than anybody could have reasonably expected,” said McHale. “This was an incredibly diverse group of properties, with farmland, luxury residences, processing plants and hundreds of machines, and it was a massive challenge just to organize it all. The creditors have recouped more of their investment than many people imagined. I could not be happier.”<hr class="legacyRuler"><hr class="legacyRuler"><hr class="invisible minimal-padding"> The total excludes a rejected $2.1 million bid for the Red Rose Inn & Suites in Plant City, FL, although Wise hopes to still get it sold.</p><hr class="legacyRuler"><hr class="invisible minimal-padding"><p><a class="btn btn-sm btn-primary col-lg-12" style="white-space: normal;" href="http://www.miamiherald.com/2013/09/06/3609080_bankruptcy-court-approves-all.html" target="_new"> Miami Herald </a></p><hr class="legacyRuler"><hr class="invisible minimal-padding">
