Equipment Auction Set For Aug. 30, As Stein Construction Closes Doors After 105 Years

Friday, August 18, 2017

Excavators, dozers, backhoes, trucks and other equipment will be selling at auction on Aug. 30, as Chattanooga’s Stein Construction prepares to close its doors after 105 years. Compass Auctions and Real Estate will conduct the auction.

“Stein has been an institution for four generations,” said Paige Holt, president of the auction company. “However, its closing presents a real opportunity for other firms to obtain scores of pieces by such manufacturers as Komatsu, Link-Belt, Caterpillar, Freightliner, Peterbilt, International and others.”

The announcement of the Stein auction comes on the heels of the successful completion of Compass’s recent auction of a state-owned Downtown Nashville property for $8.9 million.

“It took a great deal of equipment to run a big construction company like Stein, so this will be a major event. The inventory includes heavy-duty pickups, flatbed trucks, water trucks, dump trucks and all types of earth-moving equipment. There will also be many smaller items, such lathes, grinders, drills and hand tools from DeWalt and other brands. I wouldn’t be surprised to see bidders from all over the region,” said Ms. Holt.

The live auction will begin at 10 a.m. on Wednesday, Aug. 30, at 3611 Amnicola Highway, Chattanooga.

Company President Doug Stein said the he and his partners will focus on real estate projects, such as the Black Creek development, which has become the largest residential development in Hamilton County. “The opportunity at Black Creek was ultimately more compelling to me than continuing to operate Stein Construction Company in what has become a very different market,” said Mr. Stein.

Individuals seeking additional information may visit www.soldoncompass.com.

Compass Auctions and Real Estate, based in Chattanooga, is Tennessee’s only certified Women’s Business Enterprise woman-owned auction and real estate company. The firm has more than 50 years of combined experience in government surplus, heavy equipment, vehicles, land and charitable auctions. It also has locations in Nashville and Lebanon, Tennessee, as well as in western Kentucky.  


Habitat For Humanity Of Greater Chattanooga Area's Annual Fundraiser Raises $100,000

Decision On Controversial Single-Family Home Project Near Pineville Road Delayed Until Dec. 11

Planning Commission Recommends Approval For Multi-Family On North Chattanooga Hillside


Habitat for Humanity of Greater Chattanooga Area hosted its annual Raise the Roof fundraiser at the Chattanooga Convention and Trade Center. The event exceeded its $70,000 goal and raised $100,000. ... (click for more)

A controversial project involving the construction of 61 single-family homes on Stringer's Ridge above Pineville Road has been delayed. A number of nearby residents protested the project ... (click for more)

The Planning Commission on Monday recommended approval for six multi-family homes on a North Chattanooga hillside, replacing three existing Craftsman style homes. Glen Craig of Craig Design, ... (click for more)


Real Estate

Habitat For Humanity Of Greater Chattanooga Area's Annual Fundraiser Raises $100,000

Habitat for Humanity of Greater Chattanooga Area hosted its annual Raise the Roof fundraiser at the Chattanooga Convention and Trade Center. The event exceeded its $70,000 goal and raised $100,000. “We are extremely proud of how much we were able to raise,” said David Butler, president and CEO of Habitat for Humanity of Greater Chattanooga. “We look forward to continuing our ... (click for more)

Decision On Controversial Single-Family Home Project Near Pineville Road Delayed Until Dec. 11

A controversial project involving the construction of 61 single-family homes on Stringer's Ridge above Pineville Road has been delayed. A number of nearby residents protested the project by William Wilson of Beason View Land Company at a meeting of the City Council. Donna Shepherd, representing the developer, asked for a 30-day deferral to hold a community meeting and ... (click for more)

Breaking News

State Chooses Not To Proceed With Road Rage Case Against Longtime Talk Show Host Jeff Styles

The state is declining to continue the prosecution of longtime Talk Radio host Jeff Styles in a road rage case. District Attorney Neal Pinkston signed a "no bill" on the aggravated assault charge. Attorney Lee Davis said, " Jeff Styles called 911 after he was shot. He cooperated in the police investigation and testified in court. Jeff has done everything possible to be fully ... (click for more)

Man Injured Early Thursday Morning When Tree Falls On House

A man was injured early Thursday morning when a tree fell on his house. The Chattanooga Fire Department received the alarm around 3:30 a.m. and responded to 7317 Elaine Circle with several fire companies. Battalion Chief David Thompson Jr. said the department's Urban Search and Rescue Team (USAR) was requested in case a rescue was needed, but the entire family, including two ... (click for more)

Opinion

Ron Littlefield: County Building 2nd Animal Shelter Makes Absolutely No Sense

I do not wish to diminish in any way the excellent work of Humane Society volunteers and staff, but the organization’s ancient physical facilities are another matter entirely. Several years ago Chattanooga suffered a steady stream of withering and well-deserved negative publicity relating to deplorable conditions at the Society’s property near downtown. Some of that bad publicity ... (click for more)

Roy Exum: When Coach Mike Gundy Went Off

Back in late September of 2007, a gutsy Oklahoma State football team had just won a wild 49-46 slugfest against previously unbeaten Texas Tech in Stillwater. In the loser’s locker room, this after OSU’s Zac Peterson drilled a 54-yard TD pass in the waning minute to come from behind, the soon-to-be legend Mike Leach tore his Red Raiders apart. I mean, the man with the lifelong obsession ... (click for more)