Marcus & Millichap is adding property auctions to its platform with the hire of Adam Sklaver and Phil Kates as senior vice presidents specializing in property auction services. Their 95% trade rate is among the highest in the CRE auction industry, the company claims.
Sklaver and Kates most recently ran CBRE's auction team.
"Online auction capabilities have emerged as an additional marketing channel for the right assets and situations," says J.D. Parker, executive vice president and chief operating officer of Marcus & Millichap's Eastern Division and leader of the initiative, in prepared remarks.
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