CHICAGO—Real estate auctions continue to gain popularity among owners and investors as an alternative to traditional sales, and Sperry Van Ness AuctionWorks, a Chicago-based auction house, has decided to make three new hires. Andrew Benson and Sagar “Sam” Shah join the firm as advisors, and Rose Lucania joins as operations manager.
“This summer alone we have more than 200 properties, both commercial and residential, up for auction,” Diana Peterson, president of SVN AuctionWorks, tells GlobeSt.com. “We've had no choice but to grow our team. It's not a bad problem to have.”
As reported in GlobeSt.com, the properties up for auction include a 10,500 square foot luxury estate in suburban Oak Brook; five separate portfolios comprising more than 150 income-producing, Section 8 rental properties; a former Fuddruckers restaurant; and many bank-owned properties. Last November, the firm held an auction with more than 90 listings and the previous June it held one with 27.
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Brian J. Rogal
Brian J. Rogal is a Chicago-based freelance writer with years of experience as an investigative reporter and editor, most notably at The Chicago Reporter, where he concentrated on housing issues. He also has written extensively on alternative energy and the payments card industry for national trade publications.
