About This Thought LeaderAuctions are becoming a more common aspect of commercial real estate, and one of the leaders in this space is Auction.com, which has monthly events selling all product types across the country. This page is has the latest on Auction.com's news, events and auctions in general in the commercial real estate industry.
Research Expert Sees Unprecedented Market Uncertainty
Peter Muoio, the head of the newly formed Auction.com research team, sees a lot of uncertainty in the market right now due to various headwinds in the economy.Read More
Have Businesses Learned (Finally) to Ignore Washington?
WASHINGTON, DC-The election. The fiscal cliff. The last-minute decision not to default on the debt. Sequestration. It's all becoming white noise to Main Street.Read More
Three Receivership Properties Garner $120M
TUSTIN, CA-GlobeSt.com learns exclusively that the complex assignments were sold under the direction of the State Court-appointed receiver Pat Galentine, principal of Coreland Cos.Read More
Office Sector: More Buyers Than Sellers
Auction.com's Paulsen sees a slight increase in office-asset transactions this year and says many of those trades could happen in secondary markets.Read More
BH Properties Buys High-Quality Asset In Riverside
RIVERSIDE, CA-The L.A. based investment firm buys a 147,194-square-foot property here and expects to continue aggressively expanding further into core markets in 2013, GlobeSt.com exclusively learns.Read More
Retail Investors Have Financing, Are Ready to Buy
Auction.com 's team at the ICSC New York National Conference, including Joe Cuomo , (above) found the event upbeat and say buyers are looking for retail.Read More
VIDEO: Retail Auctions Heat Up
NEW YORK CITY- Joe Cuomo of Auction.com tells us about the importance of retail real estate auctions in the current commercial real estate market at ICSC.Read More
NGKF, Auction.com, To Market Distressed Note At 246 Fifth Ave.
NEW YORK CITY-A source close to the deal tells GlobeSt.com that special servicer LNR Partners has exclusively retained Newmark Grubb as the sales broker on the deal.Read More
Boxer Property Acquires 121,000-SF Office Building it Sold in 2008
NASSAU BAY, TX-The Houston investor acquires the class B building -- as well as the 238,000-square-foot Monaco Park in Denver -- from LNR through Auction.com.Read More
VIDEO: Retail Auctions Are a Reality
LAS VEGAS-Retail real estate buyers and sellers aren't shying away from the auction platform, says Auction.com co-CEO Paulsen.Read More
Since our founding in 1990, Auction.com has distinguished itself as the world leader in maximized asset disposition strategies, asset management and real estate sales. Our expertise lies in selling residential, commercial, luxury homes, multi-family and hospitality properties, land, as well as performing and non-performing notes and loan pools.
To date, Auction.com has sold over $12 billion of real estate assets for our clients.
Over 100 financial institutions currently utilize the Auction.com platform and marketing expertise to sell Commercial REO Properties and Notes. Over the past 18 months, our division has successfully auctioned over 1,500 Notes secured by Commercial Real Estate, totaling over $4.2 billion at an average recovery rate of 56%, and it has closed 336 Commercial REO Properties at an average recovery rate of 102% of reserve value.
For more information on selling commercial REO Properties and/or Notes, please contact: Ken Rivkin, Co-CEO, Auction.com Commercial, Ken.Rivkin@auction.com