Ron Sargent, the interim CEO of Kroger and former CEO of Staples, just dropped $11.5 million on former Boston Celtics co-owner Steve Pagliuca's Back Bay mansion. The home, which had a listing price of $10.995 million, generated significant interest, receiving multiple bids, and went under contract within four days, according to a representative for George Sarkis, CEO and co-founder of The Sarkis Team at Douglas Elliman, who had the listing.
An abandoned house is a property whose owner has relinquished possession. This can happen for various reasons, including foreclosure, death of the owner with no heirs, or simply the owner moving away and no longer maintaining the property.