Auction PR Publicity Announcements News and Information
Auction PR Publicity Announcements News and Information

Global Real Estate Auctions Launched

Foreseeing the most action the real estate auction market has seen in decades, a new auctions firm today announces its entry into the market: Global Real Estate Auctions, Inc. will hold its inaugural auction in June.

The firm is being launched by John DeMato, a former vice president and principal Indiana broker with Inland Real Estate Auctions, and a team of former executives who worked at Inland with its founder to establish that company as a national brand in the auction market.

“If there’s one recurring headline in today’s news, it’s that real estate assets have become harder to value through conventional brokerage,” said John DeMato, president and CEO of Global Real Estate Auctions. “Tough-to-value properties, however, are the auctioneer’s forte, because no other marketing tool is as efficient in quickly gathering interested parties together and immediately determining value through competitive bidding.”

DeMato will be joined by fellow Inland executives Vincenzo Zaffarano, now Global’s executive vice president and lead auctioneer, and Santo Albanese, now broker associate for business development. Sal Donnancrichia, a licensed sales agent, will serve as the company’s IT and Sales Manager.

Built on a consulting and advisory platform with auctions as its primary focus, the company seeks not only to meet the upcoming new demand but also help redefine auction services for both private and public property owners.

Global’s principals, brokers and agents have participated in auction sales on behalf of Fortune 500 companies such as Intel Corporation (marketing a chip plant in Las Piedras, Puerto Rico), Harris Bank and General Electric, among others.

Global has planned its first auction for June 6, for 12 resort properties at Diamond Point in New Buffalo, Michigan, a popular vacation home spot with Chicagoans and homebuyers elsewhere in the Midwest. Open houses begin in May. Please call (630) 920-1327 for detailed property information and terms of sale.

About Global Real Estate Auctions

Global Real Estate Auctions, Inc. is a sister company of Global Real Estate Consulting Corporation with offices located in the Oakmont Corporate Centre, 900 Oakmont Lane, Suite 207, Westmont, IL 60559. For more information, visit www.globalrealestateauctions.com