Gulf Shores condo auction canceled

The auction of 35 gulf-front condominium units at San Carlos in Gulf Shores has been canceled at the request of the seller, auctioneers Sheldon Good & Co. said today.

An investor from Portland, Ore., purchased the last 87 units in the 142-unit building in June 2007 for $40 million. Financial brokers said at the time that the that investor planned to put the units back on the market.

Potential bidders who purchased a bidders information packet will be sent a refund

Gulf Shores condo auction canceled