Posted by: Timothy Ellis (The Tim)

Tim Ellis is the founder of Seattle Bubble. His background in engineering and computer / internet technology, a fondness of data-based analysis of problems, and an addiction to spreadsheets all influence his perspective on the Seattle-area real estate market.

34 responses to “Guess Who’s Facilitating the Auction of Rick’s Nightclub?”

  1. ray pepper

    I still have a crush on Kendra!!

    When she gets listings like this I find her even more stimulating!

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  2. Jimmythev

    Wow… I wonder if selling Strip Clubs is in her book “Grow Rich God’s Way” :)

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  3. Feedback

    Congratulations to Ms. Todd on continuing to benefit from demand for real estate!

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  4. 3rd Generation

    With special appearances by David Lereah and Funny Yunny?

    This should be quite a Special Performance, especially if they auction the stripper poles separately.

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  5. Julie Lyda RE/MAX Northwest Realtors

    Latest news:

    If a Seattle businessman gets his way, the former home of Rick’s strip club may soon reopen with the same name.

    Bob Davis, the man who most recently operated Jiggles strip club in the University District and also tried to open a strip club on Aurora Avenue North, has put in an application with the city to operate at the former Rick’s site in Lake City.

    But Davis, or another man who has filed a separate application to open a strip club there, must first get control of the property, which is being auctioned at 2 p.m. June 29. Davis expects there will be several people bidding on the property later this month – and he expects the city to fight his attempt to open a strip club.

    Read more: http://www.seattlepi.com/local/article/New-North-Seattle-strip-club-may-open-on-familiar-1413780.php#ixzz1OnAuJhLV

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  6. Kary L. Krismer

    I would suspect the auction and listing are separate, and that Ms. Todd is not connected at all to LPSAuctions.com.

    Off topic, has anyone followed the bank auctions of residential property? Ones where the bank foreclosed and they’re trying to find a buyer? I’ve only followed two and neither succeeded. And I know of one homeowner of a higher end property that tried it who also failed. With the possible exception of an uninhabitable <$100,000 property, I can't imagine that auctions are very successful.

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  7. kfhoz

    RE: Kary L. Krismer @ 6
    In Australia, most homes are still sold by auction. 15 years ago virtually all of them were sold by auction. Kary most likely is right that the culture in Seattle / USA will not embrace auctions, but houses of all levels are sold that way in Oz.

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  8. redmondjp

    RE: 3rd Generation @ 4 – Sorry, you’re out of luck on the stripper poles, as one article I recently read reported that they have been removed already.

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  9. Ira Sacharoff

    The day of the auction, June 29th, is my birthday. I appreciate the gesture and all, but please don’t buy me a strip club for my birthday.

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  10. Pegasus

    Maybe John L. Scott will buy it and open a new real estate office there. Stripper poles and all. It’s the new Real Estate 3.0 where real estate can be “fun” and “exciting” and “chlamydia is just an old wives’ tale”.

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  11. Ira Sacharoff

    By Pegasus @ 11:

    Maybe John L. Scott will buy it and open a new real estate office there. Stripper poles and all. It’s the new Real Estate 3.0 where real estate can be “fun” and “exciting” and “chlamydia is just an old wives’ tale”.

    Just so long as we don’t see J. Lennox Scott pole dancing.

    But come to think of it, it’s not a bad idea. Who could resist the ” Boys of Seattle Bubble” real estate brokerage and strip club? Wouldn’t you agree to buy a house right then and there just to keep Kary Krismer, or Ray Pepper, or Dave Losh, or me from continuing to pole dance and discard clothing?

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  12. Pegasus

    By Ira Sacharoff @ 12:

    By Pegasus @ 11:
    Maybe John L. Scott will buy it and open a new real estate office there. Stripper poles and all. It’s the new Real Estate 3.0 where real estate can be “fun” and “exciting” and “chlamydia is just an old wives’ tale”.

    Just so long as we don’t see J. Lennox Scott pole dancing.

    But come to think of it, it’s not a bad idea. Who could resist the ” Boys of Seattle Bubble” real estate brokerage and strip club? Wouldn’t you agree to buy a house right then and there just to keep Kary Krismer, or Ray Pepper, or Dave Losh, or me from continuing to pole dance and discard clothing?

    Eew! What a disgusting image that has just imprinted in my brain. May it not linger for long.

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  13. Still Anonymous

    Sure, there’s an unprinted reserve bid…but you can pay it in all $1 bills.

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  14. LocalYokel

    Btw, there are open houses Wednesday 6/15 from 11:00am – 2:00pm and Wednesday 6/22 from 11:00am – 2:00pm. Wear old shoes, the floors might be sticky…. ;)

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  15. softwarengineer

    And the Gang Graffitti Symbol on the Wall Means?

    SWE’s guess….”its OK to break in, its empty during business hours?”

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  16. Kary L. Krismer

    By The Tim @ 7:

    By Kary L. Krismer @ 6:
    I would suspect the auction and listing are separate, and that Ms. Todd is not connected at all to LPSAuctions.com.

    I’m not sure what exactly you mean by “not connected at all,” but she is mentioned on the auction sign as well as the LPS Auction website. But yes, she is the listing agent, holding open houses and giving private showings, not the one who will be behind the mic on auction day.

    Okay, that’s a bit different than what I see in the residential front, and it allows me to comment a bit more freely since the situation I thought is not the situation here with the strip club.

    In the SFR area what I see is the bank deciding to put the place up for auction while it is still listed, which puts the listing agent in an awkward situation, but which also makes the listing more unlikely to succeed (sort of like having a for sale and for rent sign out at the same time).

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  17. Kary L. Krismer

    RE: Pegasus @ 13 – You’re not the target audience. ;-)

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  18. Notorious ART

    Hahaha….I just saw the Kendra Todd sign this morning on my way in to work. I wonder if Kendra will be able to resist the temptation of giving the pole a spin or two. Private showings could get interesting….

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  19. hello

    Woo, she’s hot.
    I woudn’t listen to her but I’d definitely do her.

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  20. Cheap South

    Gee, I picked the wrong day to get dental surgery done. If I keep on reading the comments (laughing at) my stitches will come off.

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  21. David Losh

    RE: Julie Lyda RE/MAX Northwest Realtors @ 5

    From what I understand a group bought the Seven Seas Restaurant on Lake City Way close to Rick’s for a strip club. It is currently boarded up with work going on. No application is yet posted.

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  22. Scotsman

    Hmmm. I never went there. Was it any good? How was the food?

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  23. Jonness

    By The Tim @ 7:

    But yes, she is the listing agent, holding open houses and giving private showings

    I’m a terrible sucker for woman who are a few brain cells shy of a six pack. What can I get for $10?

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  24. Real World Express

    An acre of land in prime urban real estate like Lake City Way?

    Shouldn’t it be worth of a fortune?

    What does it say about those Northgate condos….?

    Can anyone put 2 and 2 together in this market…

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  25. One Eyed Man

    Kendra wrote the book on real estate.

    http://www.amazon.com/Risk-Grow-Rich-Millions-Estate/dp/0060899727

    And this is what Amazon has to say about the book:

    Editorial Reviews

    “Full of sound advice and sharp investing principles that young people can use to create financial security and opportunity.” — Donald J. Trump
    “Risk & Grow Rich triumphs. Kendra articulates how conquering fear can be converted into life’s riches. Buy and apply!” — Frank McKinney, bestselling author of Frank McKinney’s Maverick Approach to Real Estate Success and Make It BIG!
    Product Description
    With her skill in selling real estate, her expertise in marketing, and her drive to succeed, Kendra Todd has mapped out an exciting and lucrative future for herself–one that included taking the right kind of risks, profiting from them, and sharing her knowledge with others.
    Todd understands that the one thing that keeps people from making the big, bold moves that can improve their lives is a fear of risk, even more than lack of capital. The willingness to try new and different things, and the ability to keep your head on straight while your heart is pounding, is something that Todd knows well. Without risk, she doesn’t have a business. Todd will address how men and women view risk from opposite sides of the galaxy, how anyone can become an entrepreneur, how you can set yourself up for success and what the ten steps are for turning risk into opportunity. With quizzes to test what kind of risk taker you are, and examples of successful risks that paid off, Todd is poised to become the hot voice of investment to her generation.

    This is what Wiki has to say about the book:

    Kendra wrote in her book (page 214): In my experience, some markets (Las Vegas, Phoenix, and South Florida) are bubble-proof; they might slow down but they won’t slide. They’re simply too desirable and demand is too high. [13]
    Since she made these predictions, Las Vegas is down 56%, Phoenix down 51%, and Miami down 47%, all much greater declines than nationally which was down only 28%.[14]
    These quotes were made after the housing bubble had popped,[15] causing her investors to lose millions of dollars, while Kendra earned large fees and commissions.
    In her book (chapter 9, “A formula for making your first million”), Kendra wrote “If you follow the system Charles and I have laid out, you should be well on your way to making your first million within as little as two years” (page 211). All five of the properties listed in that chapter are now in foreclosure or have been foreclosed

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  26. Still Anonymous

    Not sure why we are so quick to ascribe “dumb” or “idiot” to her. “Wily” and “dishonest” is probably more appropriate – she filled people’s brains with tales of easy millions and made gobs of cash off it. The “idiots” were the folks who listened to her. I think that old sage P.T. Barnum hade some thoughts about that.

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  27. AndreL

    RE: One Eyed Man @ 26
    Sharp eye!

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  28. Kary L. Krismer

    By Still Anonymous @ 27:

    Not sure why we are so quick to ascribe “dumb” or “idiot” to her.

    I’m not sure why this site focuses so much attention on her. But for SB I wouldn’t even know who she was. I think I’ve only been inside one of her listings, which wouldn’t be enough for me to have name recognition.

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  29. Scotsman

    Seattle is a long way from Florida- socially, as well as geographically. Must be the reason she’s here. Can’t be that she likes the weather better.

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  30. Ira Sacharoff

    RE: One Eyed Man @ 26
    For whatever reason, your post reminded me of a book written about Wall Street in 1940, called “Where Are The Customer’s Yachts?”
    It noted that in New York Harbor, yachts were owned by bankers and brokers, but not a one was owned by their customers. Same thing about Kendra Todd. She got rich dispensing advice, but who got rich following her advice?

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  31. Ira Sacharoff

    By Still Anonymous @ 27:

    Not sure why we are so quick to ascribe “dumb” or “idiot” to her. “Wily” and “dishonest” is probably more appropriate – she filled people’s brains with tales of easy millions and made gobs of cash off it. The “idiots” were the folks who listened to her. I think that old sage P.T. Barnum hade some thoughts about that.

    Poor PT Barnum. He never actually said ” There’s a sucker born every minute.”:
    http://www.historybuff.com/library/refbarnum.html

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  32. Jonness

    By Still Anonymous @ 27:

    Not sure why we are so quick to ascribe “dumb” or “idiot” to her. “Wily” and “dishonest” is probably more appropriate – she filled people’s brains with tales of easy millions and made gobs of cash off it. The “idiots” were the folks who listened to her. I think that old sage P.T. Barnum hade some thoughts about that.

    It makes you wonder whether her devoutly religious spiels are heartfelt of if she is secretly an atheist using the church to scope and groom her future victims.

    At any rate, I wouldn’t go too far here and refer to her as intelligent. Even a mindless snake can strike the unsuspecting. When one side has thoughts, emotions, feelings, and morals, and the other side are cold ruthless psychopaths, intelligence need not even enter the picture.

    My advice to others is, despite what 95% of RE agents will tell you while trying to earn a commission, real estate is an investment. So invest with logic, and keep your emotions to a minimum.

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