04:02 PM EST - Ritchie Bros. Auctioneers : officially closed on the property that will become the Company's 107±-acre permanent auction site north of Raleigh-Durham, North Carolina last week. Construction of a new auction facility, complete with a refurbishment facility and equipment yard, is scheduled to begin June 2011 with expected completion targeted for mid 2012. Ritchie Bros. Auctioneers
shares T.RBA are trading down $0.75 at $26.67.
