For the auction side of the business, the one-time litigator turned real estate attorney turned commercial real estate broker says he has become the regional affiliate of Tranzon LLC, a national auction firm. "The auction format sells the asset 'As Is, Where Is,' with all contingencies waived and due diligence completed prior to the auction," says Vipond, adding that in his experience the process helps "expedite the timeline and increase the returns" for all product types.
As an example, Vipond says he recently helped a family trust in Sacramento, CA, sell 526 acres of raw land. Previously the family had been offered $3,000 per acre by several prospective buyers. Through the auction process, Vipond secured approximately $20,000 per acre totaling approximately $10.5 million for the trust.
On the development side, Vipond says he is now leading several new development projects. He and his partner are currently converting 38 apartments to condominiums in Issaquah. The project, called Issaquah Village, is located at 755 5th Ave NW near Gilman Village. Construction and pre-sales have begun through Williams Marketing.
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