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Auction Gavels (Again) Mark the Return of Distressed Real Estate

Call it an 'Auction' or an 'Accelerated Marketing Model," The Seller's Objective is the Same -- To Fast-Track Deals Via the Auctioneer's Mallet
 
July 15, 2009
With the recession taking a toll on traditional channels for selling commercial real estate, auction houses are once again stepping up to the podium to call "going, going, gone" on a new set of distressed assets just beginning to hit the market.

Auctioneers, brokers and agents who weathered the real estate slump of the 1990s and early 2000s say a well-recognized pattern in the market cycle is starting to emerge, with commercial properties now joining the residential foreclosure auctions that have been mainstays for more than two years during the current economic downturn.
 
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Posted by Cindie Stewart on July 16th, 2009 9:26 AMPost a Comment (0)

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