Marcus & Millichap Hires Pair for New Auction Services

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. 

Sklaver and Kates have 19 years of combined CRE auction experience and have assisted institutional and private clients in the sale of over 600 CRE properties spanning all asset classes via online auctions.