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Leasing Auction Portal Launches

LOS ANGELES-EverestAuctions.com is the first auction site designed to facilitate the auction of leased commercial real estate space.

By Carrie Rossenfeld | Updated on March 20, 2013

LOS ANGELES-Auction websites for selling properties have been around for a while, but now there is a site that facilitates leases between landlords and tenants. EverestAuctions.com, a web portal designed to facilitate the auction of commercial real estate space for lease, has been launched, and the site currently has 22 active auctions in five states.

The brainchild of Steve Winger, a 25-year veteran of the commercial real estate industry, EverestAuctions.com is similar in structure to existing online auction sites like ebay.com and auction.com. Retailers and consumers, commercial landlords and brokerage professionals can post a suite of space for lease through the portal, and tenants can then participate in an active 45-day bidding process to win the space at the lease price to which they are willing to commit.

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