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Shopping Center Auctions Move Past Distress

Retail real estate auctions are becoming more common with well-performing assets and not just distressed centers.

By Ian Ritter | Updated on November 26, 2012

One of the firms that is a GlobeSt.com Thought Leader around the ICSC New York National conference next week is Auction.com. The firm is a big seller of retail real estate to a number of different buyers, and contrary to what people may think, they’re not just selling distressed real estate any more. More and more, the assets trading on the site are fully leased, strong-performing properties. The firm’s leadership is trying to get more business like that from traditional owners and operators looking to buy and sell shopping centers. Joe Cuomo, a commercial real estate auction executive at Auction.com talked about trends he sees in retail real estate auctions and his objectives at the show.

GlobeSt.com: Retail real estate is a larger part of the sectors you’re trading right now, is that correct?

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