News | January 5, 2010

CNet’s Founder’s Forclosed Virginia Estate

News | January 5, 2010

Halsey Minor, the co-founder of CNet’s foreclosed country estate in Virginia was auctioned off today and was reportedly purchased by his attorney.

Minor, who was also a major investor in Salesforce.com, had leveraged his 205-acre Fox Ridge Farm, which was assessed at $3.9 million, to take out millions in loans for an ill fated hotel development. That development project came to a halt with litigation involving Minor, a bank, and a developer.

The farm, which is burdened by a $6.7 million lien, was sold for $1.3 million on the steps of the Albermarle County Circuit Courthouse to Minor’s Charlottesville attorney.

Via: Biz Journals

Related Articles

get the magazine

Subscribe to Haute Living

Receive Our Magazine Directly at Your Doorstep

Embark on a journey of luxury and elegance with Haute Living magazine. Subscribe now and have every issue conveniently delivered to your home. Experience the pinnacle of lifestyle, culture, and sophistication through our pages.

Exclusive

Haute Black Membership

Your Gateway to Extraordinary Experiences

Join Haute Black and unlock access to the world's most prestigious luxury events