Condo and apartment complex near South Main and Ann-Arbor Saline Road, with offices at 275 Fieldcrest.

In foreclosure as of December 2007.

In the news

The 2006 purchase price represented a per-unit value of about $130,000. The latest transaction indicates a per-unit value of about $61,000.

Purchasing the property was a joint-venture made up of Birmingham-based Bleznak Real Estate Investment Group and Southfield-based Hartman & Tyner Inc., said Mitchell Bleznak, president of Bleznak Real Estate Investment Group.

A troubled condo complex in the city of Ann Arbor that never completed its conversion from apartments will have a new owner by year-end. Woodlands Mews was listed for sale after the lender - originally LaSalle Bank, then Bank of America - took the property through foreclosure on a $31.8 million debt. Now, said listing agent Mark Rohr of Hendricks & Partners of Birmingham, a buyer is negotiating a purchase agreement after bids were sought through Oct 1.