The condominium project was the five-story, $30 million luxury centerpiece of the subdivision, adjacent to the Sundance ski run in Telluride. After the developer and general contractor abandoned the partially constructed project, a bank retained Cordes & Company as receiver to get the project into the best possible shape for sale following foreclosure. We organized and catalogued construction materials, helped clear $6.5 million in liens, found a contractor to shrink-wrap and maintain the 60,000-square-foot structure, and otherwise prepared the property for sale. The bank foreclosed on the property at the end of 2010 and it was purchased by a Dallas-based investment company at the end of 2011.