Sperry Van Ness/Guardian and MarketMaker™, have announced a regional commercial property auction for the Northwest to be held September 30. This announcement resulted from a surge in potential listings from investors and banks just weeks after they jointly launched the MarketMaker West Coast Auction being held in Los Angeles on July 30.
To accelerate sales and create transparency for buyers and sellers of commercial and bulk residential properties, Sperry Van Ness/Guardian has partnered with MarketMaker™, a new distressed real estate liquidation platform. Auction information can be found at www.svnmarketmaker.com.
“In the three weeks since announcing the Los Angeles auction we have already sold and closed five of our listed properties with several more sales pending,” said Karlin Conklin, Chief Operating Officer of Sperry Van Ness/Guardian. “We’ve also been flooded with new auction listings from motivated sellers, while buyer interest has been growing exponentially with our website receiving thousands of hits per day. The Northwest demand from sellers was so strong we decided to schedule an auction specifically for that area.”
The Northwest Auction will feature:
30 to 40 individual commercial properties located in Oregon, Washington and Idaho
Properties are primarily REO, bank ordered sales or developer close outs.
Auction inventory is pre-qualified as “motivated sellers” only.
Each listing will have a qualified, local listing advisor to improve due diligence efficiency.
Additional property listings are being welcomed before August 15, subject to stringent pre-qualification criteria. Every listing is vetted to insure that it is priced to sell. The entire brokerage community is encouraged to participate in the auction through SHARElink™, a proprietary website tool that allows agents to securely register buyers and collect a cooperative fee. This on-line protection feature is unique to MarketMaker™ and is a first in the auction industry.
To achieve “market pricing” and facilitate transactions, Sperry Van Ness/Guardian is launching an aggressive regional marketing campaign encompassing multiple digital and print mediums to reach all potential buyers. The company’s partnership with MarketMaker™, an online marketplace for distressed real estate, provides a one-stop solution for this multi-property auction. MarketMaker™ also provides online listings for REO properties and the sale of secured real estate notes. Inquiring buyers and sellers will find: general information on the auction process; detailed information on all listings; a secure hub for confidential due diligence; and specific information for co-broker participation. MarketMaker™ has teamed with Real Capital Markets on the creation of their site and is utilizing their databases of more than 40,000 qualified principals to market the properties on a national level.
ABOUT SPERRY VAN NESS:
Founded in 1987, Sperry Van Ness is one of the largest and fastest-growing commercial real estate brokerage firms in the industry, with approximately 1,000 advisors in more than 150 locations throughout the Unites States. Sperry Van Ness delivers results for clients through a proven business model that leverages advanced marketing and technology tools. Sperry Van Ness transactions total more than $11 billion annually in office, multifamily, retail, industrial, self-storage, hospitality and land transactions. For more information, please visit www.svn.com.
ABOUT GUARDIAN:
Sperry Van Ness/Guardian is owned by Guardian Real Estate Services LLC (www.gres.com), a vertically integrated commercial real estate management and investment company. Currently, the company manages 125 multifamily assets comprised of 12,000 units, as well as more than 1 million square feet of commercial space. The company has ownership in a majority of the assets under management. Since being formed in 1971, Guardian Real Estate Services LLC has been acquiring and repositioning assets that, through a well-timed and executed disposition strategy, return predictable returns to Guardian and its investors.
ABOUT MARKETMAKER:
MarketMaker™ is a new and innovative platform designed and optimized for buyers, sellers, institutions and agents dealing in distressed properties www.themarketmaker.com. Developed in partnership with Real Capital Markets, MarketMaker is a state of the art online platform used in conjunction with the best real estate professionals in distressed real estate industry to provide a completely unique solution for the current market. MarketMaker can provide full service resources for a real estate auction and additionally, it is a platform for REO and note sales for financial institutions. From conception to facilitating tens of millions of dollars in distressed transactions in just a few short months, MarketMaker aims to be the market leader in distressed commercial real estate transactions.
