Auction.com Completes $192M in May Transactions

IRVINE, CA—Auction.com, LLC reports that it closed on 65 commercial assets during the month of May. The assets had a total combined sales price of $192 million. “With the commercial real estate market in full recovery, both sales prices and sales volume are steadily increasing across all industry sectors,” said Rick Sharga, executive vice president of Auction.com. “We continue to see a wide range of investors looking for commercial assets on our platform – individual investors, small investor groups and major institutional players. And because of the global reach of our marketing, we’re continuing to see strong interest from international buyers as well.” In recent months, Auction.com has partnered with global organizations like Juwai.com and AREAA Global, a subsidiary of the Asian Real Estate Association of America (AREAA), to expand commercial real estate opportunities for Asian investors and connect them with native-speaking brokers and agents who are trained to execute transactions on the Auction.com platform.