Never-occupied Commercial Properties Lined-up at Auction Block

April 13, 2011 / Elizabeth Buckley, Commercial Property Analyst
Never-occupied Commercial Properties Lined-up at Auction Block Commercial properties within Columbia-area will be put into the auction block, another set of properties affected by the still-struggling economy and flooded commercial real estate market. The commercial properties, according to the report, are not yet occupied since its construction about four years earlier. In New York-area, another set of commercial properties were also previously lined up in the auction block. Tranzon Integrated Property Group auctioned-off the properties — including 8 office properties, 9 retail... »

Grab Your Commercial Properties at Auction

March 15, 2011 / Elizabeth Buckley, Commercial Property Analyst
Grab Your Commercial Properties at Auction Several commercial properties located at downtown New Rochelle, New York will be auctioned off by Tranzon Integrated Property Group, a New York-based a full- service auction and real estate company, on March 31, Thursday, at 11AM. The commercial properties that are to be auctioned off by Tranzon includes 8 office properties, 9 retail stores, and a former 2,500 seat theater turned nightclub. Inline with commercial property auction, another retail property at Yelm, Washington is auctioned... »

Urban Development Sold at Auction for $50M

February 22, 2011 / Elizabeth Buckley, Commercial Property Analyst
Urban Development Sold at Auction for $50M An urban development in Las Vegas is recently sold at a public auction for about $50 million. The urban development by American Nevada Co, The District at Green Valley Ranch, which is a pedestrian-friendly outdoor mixed-use lifestyle retail complex was acquired by Nevada-based limited liability company, Village Walk. Another urban development, located in Tempe that consists of retail and residential spaces is recently sold for about $30 million in a partnership deal. The Centerpoint, the... »

Foreclosed Property Returns to Lender

January 28, 2011 / Elizabeth Buckley, Commercial Property Analyst
Foreclosed Property Returns to Lender The Greeley Mall at Greeley, Colorado is once again acquired by its lender on Wednesday, when the bank on the foreclosed property bids for about $33.8 million at the Weld County public trustee’s auction, which was thrice-delayed. The Chicago- based GK Development acquired the foreclosed property in 2006 for $41.4 million— then it was foreclosed in July with the entire note unpaid. The court appointed CB Richard Ellis— real-estate services company as the receiver several... »

Retail Property to Be Auctioned-off Near a Planned Intersection

January 12, 2011 / Elizabeth Buckley, Commercial Property Analyst
Retail Property to Be Auctioned-off Near a Planned Intersection A retail property in Yelm, a city in Thurston County, Washington is going to be auctioned off by Williams & Williams, a real estate auction firm that auctions all type of real estate around the world on January 25, 2011. The auction firm will auction-off a 9.33 more or less retail property, which is equipped with utilities and ideally located for business. The auction company will have a live bidding on the site of the... »

Luxury Condominium to Be Auction-off in Sunny Isles Beach

January 07, 2011 / Russell Legato, Residential Property Analyst
Luxury Condominium to Be Auction-off in Sunny Isles Beach An auction for a luxury condominium located at Sunny Isles Beach, Florida is going to take place on February 12, 2011, Saturday. The auction for the luxury condominium will be presented by Platinum Luxury Auctions, an auction firm that focuses on non-distressed auction sale of elite and distinguished properties. The luxury condominium is said to be offered to highest property bidder, at more than $3.3 million. Previously, the luxury property was offered for about $5.4... »

210 Trade Purchase Air Rights for Tower Building

November 24, 2010 / Elizabeth Buckley, Commercial Property Analyst
210 Trade Purchase Air Rights for Tower Building Air rights for Charlotte’s EpiCenter were sold to 210 Trade Investments, a limited liability company to build a tower building on the site. According to court documents, the company is the highest bidder for the air rights for the planned tower building. The 210 Trade Investments is said to be affiliated with Afshin Ghazi, the property’s developer. The limited liability company paid $6million to own the air rights to build the tower building. Construction on... »

FDIC’s Assets to Be Sold on a State Auction

November 12, 2010 / Elizabeth Buckley, Commercial Property Analyst
FDIC’s Assets to Be Sold on a State Auction About $40 million worth of Federal Deposit Insurance Corporation’ commercial properties will be sold on a state auction—an auction that features different properties from various states next month. The properties for the state auction will include vacant lots and former banks. The state auction will be on the 10th to 15th Of December 2010, and will include various commercial properties in Washington, Texas, North Carolina, Nevada, Missouri, Minnesota, Illinois, Georgia, Florida, and California states. Numerous... »

Auctions News

News dedicated for auctions are auction transactions done by major auctioneers in the United States. Most properties that are auctioned belonged to the commercial real estate market, plus the properties that leading real estate firms acquired but needs to be unloaded. Auctions are best place to get most of property and, we think, you should know what is best selling now and price of it.