Albuquerque Journal (Albuquerque, NM)

State, Realtor at Odds Over Offer for Hospital.

Byline: K.C. Mason Journal Staff Writer

A state-imposed deadline for closing the sale of the old St. Vincent Hospital in downtown Santa Fe came and went Tuesday with a stalemate continuing between the state and the lone bidder for the historical property.

As far as state Property Control Division director Les Swindle is concerned, Auerbach-Palace LLC has forfeited a $110,000 surety bond because it didn't deliver a $10.1 million check for buying the five acres that contain Marian Hall, La Villa Rivera building and parking for more than 250 vehicles.

Santa Fe Realtor Allen Branch is the agent and manager of the California-based limited liability corporation formed to develop the property. …

Log in to your account to read this article – and millions more.