Tag Archives: Auction

Jones Lang LaSalle and Real Estate Disposition, LLC, announced Thursday a list of almost $132 million in non-performing notes will go on the online auction site www.auction.com in October. In this roster are 33 primarily non-performing notes from two special servicers, two regional banks and one life company.

The online real estate marketplace Countdown To Buy recently launched ""powered by Countdown To Buy,"" a private label solution featuring the company's online offer management and negotiation platform. According to the company, the new designation enables institutions and real estate companies to leverage their existing brand and take advantage of the benefits offered by Countdown To Buy's platform and hosted solutions.

Sheldon Good & Company, a New York City-based real estate auctioneer, has acquired the Bridge Corporation (formerly Gramercy Auctions Corporation). As part of the acquisition, Bridge executives and industry veterans Keith McLane and Sean Montgomery joined Sheldon Good as managing directors of the California division. Both were formerly with REDC.

Kennedy Wilson, a California-based real estate investment and services firm, was tapped by a major financial institution to conduct an auction for $80.9 million of bank-owned REO properties. Rhett Winchell, president of Kennedy Wilson Auction Group, described the auction as ""another exclusive offering in a long series of commercial auctions.""

The real estate auction house of Williams & Williams and Auction Network, an Internet television network for live auctions, issued a joint statement Wednesday announcing a merger of the two companies. The newly created parent company, WWM (Williams, Williams & McKissick) Holdings, LLC, is based in Tulsa, Oklahoma, and will remain under private ownership.

The Office of the Wayne County Treasurer in Michigan will conduct its first Internet auction of more than 13,000 tax foreclosed properties September 17-23. Bid4Assets.com will perform the online auction. The auctioned properties represent a 44 percent increase over the number of properties seized by the county in 2009, making it the largest auction ever for Wayne County.

Asset management software developer RES.NET announced Thursday that it has completed a data integration agreement with the online real estate auction firm Bid4Assets.com. The partnership allows RES.NET's clients to directly feed real estate property listings to Bid4Assets.com for additional exposure to the auction site's over 500,000 buyers in liquidating foreclosed properties.