IRVINE, CA-Auction.com is bringing its commercial real estate auctions back to Nevada. The move comes after a successful regional event of the state's assets last year that resulted in $545 million in transactions and 1,122 bidder deposits for 70 assets.
So far this year there are 48 properties listed for the auction, which is scheduled from Feb. 21 to 23. Twenty two of the assets are offices, 13 are multifamily and another 13 are retail centers. This is also the first Auction.com event open to brokers and property owners.
"We basically mirror the trends in the distressed market," Ken Rivkin, a co-president at Auction.com told GlobeSt.com. "We're beginning to see more office and retail."
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