IRVINE, CA– Sperry Van Ness Accelerated Marketing, the auction team of Sperry Van Ness, has signed a strategic partnership agreement with AuctionPoint, Inc., an innovative online commercial property auction platform, to power all of its online auctions.
As part of the partnership, the Sperry Van Ness nationwide platform of nearly 900 Advisors will be able to present their clients with an online auction solution for the first time.
“Sperry Van Ness is committed to offering our clients the most advanced strategic solutions available,” said Kevin Maggiacomo, (top right photo) president and CEO of Sperry Van Ness. “Online auctions are revolutionizing the commercial real estate industry, and we want to help our clients participate in this new and highly effective way of doing business.”
“The AuctionPoint technology platform enables sellers to take advantage of lower overhead costs than those associated with traditional auctions, the global reach of the Internet, and the ability to sell commercial properties quickly and at true market value.
Buyers are afforded a transparent, 360-degree view of the property and all due diligence materials, and the ability to bid on the property with the click of their mouse.”
Interested buyers simply go to the auction website to review the materials, register and then bid online on auction day. The website also includes the property owner’s Purchase & Sale Agreement, providing for a completely transparent process for bidders.
“We look forward to working with Sperry Van Ness and its team of real estate auction professionals,” said Joe Tang, (lower right photo) co-founder and CEO of AuctionPoint. “The combination of Sperry Van Ness’ deep expertise in auctions and the sophisticated AuctionPoint technology platform represents a tremendous value proposition for commercial property owners.”
Contact: David Ebeling, Ebeling Communications, 949.278.7851, david@ebelingcomm.com
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