Property Sciences and Marcus & Millichap Form Strategic Alliance

PLEASANT HILL, CA, July 8, 2010 /PRNewswire/ -- Property Sciences, a national real estate appraisal and consulting firm, has formed a strategic alliance with Marcus & Millichap Real Estate Investment Services, the nation's largest real estate investment services firm.

 During the initial launch, Property Sciences will work with a strategic network of Marcus & Millichap's offices to provide lenders with a broad range of portfolio valuation services.

"Property Sciences assists lenders with the valuation of commercial real estate portfolios on a national scale," states Andrew Mekjavich, VP at Property Sciences' corporate headquarters in Pleasant Hill, CA. "The recent alliance gives lenders the opportunity to analyze and evaluate their commercial real estate portfolios using a new suite of hybrid valuation tools."

"Marcus & Millichap has steadily increased its menu of services for banks, appraisers and borrowers," explains Stephen Stein (lower left photo) , regional manager of the firm's Los Angeles office. "In 2006, the firm expanded its Special Assets Services division, and began offering more tools for lending institutions and investors facing loan delinquencies, REOs and other distressed situations."

 For more information on Marcus & Millichap visit http://www.marcusmillichap.com/

Founded in 1984 by Paul Chandler (top right photo), MAI, Property Sciences is a nationwide full-service appraisal and consulting firm providing residential and commercial appraisals, reviews, portfolio valuation services, and HVCC-compliant appraisal management platform technology solutions for residential mortgage lenders and investors.

 For more information, please visit http://www.propsci.com/.

Media Contact: Tonya HayesStrategic, Communications925.285.0001tonya@tonyahayes.com
Corporate Contact: Andy Mekjavich, VP Property Sciences925.246.7326
Andy.Mekjavich@PropSci.com


RealtyBid.com and Marcus & Millichap Special Assets Group Establish Commercial Real Estate Bidding Website

RAINBOW CITY, AL /PRNewswire/ -- Online Real Estate Bidding Leader RealtyBid.com has partnered with the Special Assets Group of national commercial real estate broker, Marcus & Millichap, to develop CommercialBid.com, a bidding site for commercial real estate assets.

The new website officially launched July 1, 2010, with the online unveiling of a special bidding event offering commercial property and commercial loans valued at more than $60 million from the Marcus & Millichap Special Assets Group (MMSAG). Online bidding for this more than $60 million of assets will take place August 3-5 on CommercialBid.com.

RealtyBid.com CEO/President Tony Isbell said now is the ideal time for potential buyers to turn their eyes toward the commercial market.

"RealtyBid has been watching the commercial market for the past two years and evaluating the timing of rolling out a commercial auction strategy," Isbell said. "Our new relationship with MMSAG provided the perfect entree into this market at a time when we can be most beneficial to buyers and sellers."

Jacob Steele, (middle right photo)  director of Marcus & Millichap's Special Asset Group, agreed. "MMSAG's partnership with RealtyBid.com and the creation of CommercialBid.com generate an extremely powerful accelerated marketing process for lenders and private sellers to maximize commercial property and loan values," he said.

Contact: : Daphne Shannon, Marketing Director of RealtyBid.com, +1-256-549-4463, Daphne.Shannon@RealtyBid.com
Web Site: http://www.realtybid.com/