$180MM of Commercial Assets & Notes for Sale in Sperry Van Ness® Online Event

IRVINE, Calif., Sept. 25, 2012 /PRNewswire/ -- Sperry Van Ness® International Corporation, a commercial real estate brokerage franchisor, announced today that it is producing and conducting a major national online real estate and loan auction comprised of over $180 million in single assets and portfolios located coast to coast. 

Aimed at companies, banks, REITs and institutional owners who want to clear their books by year's end, this auction features over 100 quality and income producing properties, including multi-family, retail, office, industrial, hospitality and specialty use assets and loans.  All assets are listed with aggressively published opening or minimum bids, and most will be auctioned with no hidden reserves.

Reflecting Sperry Van Ness' commitment to the spirit of collaboration and cooperation for the client's benefit, there is only a 2.5 percent buyer's premium and all listing fees are shared with buy side brokers 50/50.

"This national online real estate and loan auction represents a tremendous opportunity for investors, real estate brokers and other industry professionals to participate and to purchase high-quality institutional grade assets located from coast to coast," said Kevin Maggiacomo, president and CEO of Sperry Van Ness International Corporation.  "Over 100 assets and portfolios exceeding $180 million in value will be auctioned during our three-day event in October with opening bids ranging from $50,000 to $26 million.  We will be offering all commercial property types in this exciting fourth quarter event."

Interested buyers and brokers should visit www.svnauctionevent.com to register to become a qualified bidder. 

A complete list of properties for sale is available here: http://www.svnauctionevent.com/Event-Listings.aspx.

Auction National Participants include:

• AuctionPoint, a Loopnet Partner
• First American Title, Escrow and Title Services
• RW Kline Companies, loan sale advisors
• Sperry Van Ness Asset Recovery Team (SVNART)

Sperry Van Ness® auction affiliates have successfully completed over 26,000 transactions via the auction format nationwide and abroad.

About Sperry Van Ness

Sperry Van Ness International Corporation, a commercial real estate brokerage franchisor, is one of commercial real estate's most recognizable brands, based on the annual Lipsey Survey. The Sperry Van Ness® organization includes more than 175 locations in 36 states. With headquarters in Irvine, CA, our Sperry Van Ness® commercial real estate advisors provide brokerage, tenant representation, consultation, asset management, property management, leasing, accelerated marketing and auction services. Sperry Van Ness advisors represent clients in office, multifamily, retail, industrial, self-storage, hospitality, marina and land transactions.  For more information, please visit www.svn.com.

All Sperry Van Ness® offices are independently owned and operated. 

SOURCE Sperry Van Ness