AuctionPoint - Commercial Property Auctions | Auction Distressed Commercial Properties

Real Estate Online Auctions Slow to Gain Area Interest

Sacramento Business Journal - Jan 13, 2012
By Kelly Johnson

As more commercial brokerage firms add auction platforms to their list of capabilities, there has been a dramatic increase in the use of online auctions, according to Keith Yang, founder and President of AuctionPoint.
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Online Auction Set for Boston Condo

Boston Homes Magazine - Nov 7, 2011
By Marilyn Jackson

A one-bedroom Back Bay condo at 416 Marlborough St. is to be auctioned online between 3 and 7 p.m. Sunday, Nov. 20, starting with a minimum bid of $315,000.
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Six Questions for AuctionPoint's Joseph Tang

GlobeSt.com - April 26, 2011

Auctions run by brokers - rather than auctioneers - are taking off, according to Joseph Tang, founder and CEO of AuctionPoint. Tang recently spoke with GlobeSt.com about trends in auctions and how they are changing the commercial real estate landscape.
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The Auction Option

CCIM's Commercial Investment Real Estate - Jan/Feb 2011

The partnership between CCIM Technologies and AuctionPoint connects the market’s savviest brokers with one of the most effective online tools available today. The CCIMREDEX and AuctionPoint platforms now are fully integrated, and CCIM members can initiate online auctions directly from the CCIM-REDEX console.
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AuctionPoint's President and Cofounder Keith Yang talks Auctions

Commercial Real Estate Radio Show - November 20, 2010

Listen to Keith discuss the role and benefits of online real estate auctions: http://www.commercialrealestateshow.com/images/Bull_Realty_112010_Show_with_commercials.mp3
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AuctionPoint’s Executive Vice President Brett Raskin Named One of Real Estate Forum’s 40 Under 40

Yahoo News - October 2010

Brett Raskin has been honored as one of Real Estate Forum’s 40 Under 40 recipients. The editors of Real Estate Forum identified these recipients from across the US as the 40 industry professionals under 40 who are making the greatest impact on the real estate profession.
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Century 21, Coldwell Banker Commercial Brokers Turn to AuctionPoint's Online Platform

FOX Business News - March 2010

AuctionPoint, Inc. today announced that commercial brokers from Century 21 Beachside, Realtors, and Coldwell Banker Commercial Atlantic International, Inc. are turning to the AuctionPoint online auction platform to effectively and efficiently sell properties at full market value.
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CCIM Announces Strategic Partnership with AuctionPoint

CBS MoneyWatch - August 23, 2010

CCIM has signed a strategic partnership agreement with AuctionPoint Inc. CCIM's more than 15,000 members will be able to use the new tool to present an alternative and highly effective means of selling commercial assets to their clients.
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AuctionPoint offers Agents a Step Up from Traditional Brokerage

NAI Global Corporate Blog - September 17, 2010

Patricia Faulkner, NAI Global Senior Vice President blogs about partner AuctionPoint and asks CEO Joe Tang a few questions about the platform and the current climate for online commercial real estate auctions.
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Sperry Van Ness-Southern Commercial Real Estate using AuctionPoint online auction platform

The Herald - October 31, 2010

"We signed with AuctionPoint because the results speak for themselves," said Mark Mayfield, a certified commercial investment member of Sperry Van Ness-Southern Commercial Real Estate.
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Former Santa Monica weightlifting haven up for auction

Los Angeles Times - September 22, 2010

Joe Gold's first World Gym became a second home to Arnold Schwarzenegger and other celebrity bodybuilders. The three-story building at 2210 Main St. is slated to go to auction through AuctionPoint.
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Piece of Glenmaura up for bids in online auction

The Times Tribune - September 19, 2010

One of the last undeveloped parcels of land in Glenmaura will be auctioned off to the highest online bidder at an Oct. 6 online auction run by AuctionPoint, with a minimum bid of $325,000.
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AuctionPoint, NAI Global Sign Agreement

Mortgage Bankers Association NewsLink - August 12, 2010

NAI Global will offer more than 5,000 real estate professionals an opportunity to create branded, property-specific online auction websites using AuctionPoint.
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MySpace Co-founder Stakes AuctionPoint

Red Herring - May 26, 2010

MySpace co-founder Tom Anderson is putting some of his money to work investing in AuctionPoint, an online auction destination aimed at the commercial real estate market.
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Sperry Van Ness Partners with AuctionPoint

Commercial Property Executive - June 7, 2010
By Allison Landa

Sperry Van Ness’ auction team, Sperry Van Ness Accelerated Marketing, has inked a strategic partnership agreement with online commercial property platform AuctionPoint. Through this agreement, AuctionPoint will power all of Sperry Van Ness’ online auctions.
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Commercial Real Estate Shows a Pulse

MSNBC.com - July 14, 2010
By Bill Briggs

A “grand re-pricing” must occur across the commercial real estate market, contends Keith Yang, president and founder of AuctionPoint.com, an online auction site for commercial real estate brokers.
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Auctions: It's a Different World Now

GlobeSt.com - May 21, 2010
By Paul Bubny

Auctions have come back into vogue as a popular format for selling off distressed assets, as they were two decades ago. However, in the view of Keith Yang, AuctionPoint President and Co-founder, there’s a misconception that auctions—whether online or oral outcry—are “a measure of last resort.” He predicts that they’ll soon come to be seen as a first resort, due to their efficiency.
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Can Technology Help Solve The Commercial Real Estate Crisis?

The Huffington Post - April 14, 2010
By Joe Tang

Once viewed as a measure of "last-resort" for distressed properties, auctions are becoming more prevalent and adding value to traditional sales. Traditional commercial real estate sale methods, as a rule, take too long, and often result in the seller "chasing the market down." This is not the case with online auctions, which enable brokers to control their own auction sale and can be set up quickly.
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LoopNet Announces Strategic Investment in AuctionPoint

Forbes.com - March 17, 2010

LoopNet, Inc. (NASDAQ: LOOP), which operates the largest online commercial real estate marketplace, today announced that it has completed a strategic investment in AuctionPoint, Inc., a leading provider of broker-friendly online commercial property auction solutions.
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CCIM - Market Trends

Commercial Investment Real Estate – March/April 2010

Condomania has hit Orange County, Calif., as 10 of 13 office and industrial condominiums have sold in the Von Karman Center and the Valencia Business Center since August 2009. Marketed by individual brokers through the online platform AuctionPoint.com, the properties sold in an average of five weeks at an average of $149 psf.
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Ten OC Commercial Condos Sell Through Auction Platform

RENTV.com – February 17, 2010

Since August 2009, ten of thirteen available properties at the Von Karman Center in Irvine and the Valencia Business Center in Tustin have sold and closed through AuctionPoint, the online auction platform. The condos, owned by OC developer M2 Properties, had been on the market for an average of 27 months.
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Auctions Help Set Benchmark Pricing

GlobeSt.com - February 12, 2010
By Keith Yang

The numbers have been well-reported yet are still sobering. Commercial property prices are off 41% from their peak in 2007. More than a trillion dollars of commercial mortgages scheduled to mature over the next decade are unlikely to qualify for refinancing without substantial equity infusions from borrowers. Prices will continue to plunge, well into 2010.
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Auction Action

CCIM’s Commercial Investment Real Estate Magazine – January/February 2010

AuctionPoint is an online accelerated marketing platform geared toward brokers who are trying to manage the current influx of distressed assets.
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Guest Inn Hotel Auctioned Online

The Commercial Appeal, Memphis Tennessee – January 16, 2010
By Tom Bailey Jr.

The Guest Inn hotel on Summer at Interstate 40 has sold for $600,000 in an online auction. While the sale was taking place, you wouldn't have been able to tell at the hotel unless you had access to a computer. It was the first online auction of an operating hotel conducted by AuctionPoint.com.
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AuctionPoint Adds Two More Execs

RENTV – January 11, 2010

AuctionPoint, the online auction company that was launched in September 2009, is looking to accelerate its nationwide growth by adding more talent to its business development and auction support departments.
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Going once: Memphis hotel owners try new tactic to sell property

The Commercial Appeal, Memphis Tennessee – December 24, 2009
By Tom Bailey Jr.

The owners of a Memphis hotel have had trouble selling it, so they’re trying something different: an online auction. As long as the Guest Inn attracts at least a $750,000 bid, it will be sold at AuctionPoint.com on Jan. 14.
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Online Auctions Add Value Proposition

MBA Newslink – December 1, 2009

California condominium developers Keith Yang and Joe Tang sold more than 50 percent of their projects until $12 million of construction and development loans and a glut of unsold real estate caught the developers off guard. “We had switched brokers, put up bigger signs, ran open houses, reduced our asking price and nothing seemed to drive buyers off the sidelines until the word ‘auction’ was put in front of them,” said Yang, co-founder and president of AuctionPoint, Marina del Ray, Calif. “For survival rea
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Joe Tang and Keith Yang Talk Property Auctions

Mortgage Orb Persons of the Week – November 24, 2009
By Jessica Lillian

With an increasing number of distressed commercial properties heading to auction, a well-run auction process will be important for ensuring that both buyers and sellers reach their goals. This week, MortgageOrb spoke with technology entrepreneur Joe Tang and real estate developer Keith Yang,
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AuctionPoint Hopes to Jumpstart Commercial Real Estate Market

The Planning Report – November 2009

The woes of the real estate market have plagued 2009 and 2008, and there isn’t any indication that the turmoil won’t continue through 2010. With the market crisis driving the need for innovation in moving as¬sets, AuctionPoint, a new online auction model for buying and selling com¬mercial property, recently launched to successful early results.
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Commercial Real Estate Auctions Rev up

Investor's Business Daily – November 13, 2009
By Brad Kelly

A wave of online auctions is rising to liquidate troubled commercial property piling up around the nation. Investors bid hundreds of thousands of dollars or more, as strapped owners and foreclosing lenders put assets big and small on the block.
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Distressed Assets Fuel Auction Renaissance

GlobeSt.com's Distressed Assets Investor – November, 2009
By Jillian Ambroz

Anyone who’s been watching the FDIC trade billions of dollars worth of commercial real estate loans and properties knows how important auctions have become, especially in the sale of distressed assets.
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Auction Block - Master Development Pushing Industrial Condos in November Auction

Orange County Business Journal – October 19, 2009
By Mark Mueller

One of the largest industrial condominium projects in Orange County is trying a new tact to drum up sales. Newport Beach-based Master Development Corp. is planning to put seven of 48 condos at Santa Ana's Las Palmas Business Park up for auction next month.
The company's using a commercial real estate online auction run by Marina del Rey-based AuctionPoint Inc. to sell the condos - which average about 2,500 square feet - during the week of Nov. 16.
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Software Allows Property Auctions

Orange County Register – October 10, 2009
By Elysse James

Joe Tang and Keith Yang have created a new way to sell property in California. The two founded AuctionPoint, an auction software for selling commercial property online.
Tang, of Manhattan Beach, owns property in Irvine and Tustin. When the market soured, he wanted to sell. The buildings weren't selling through brokers in the traditional way, so he and partner Yang created an online auction system for commercial property sales. AuctionPoint lets real estate brokers sell property online, giving buyers info
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New AuctionPoint online platform proves to be successful solution to distressed commercial property market

Reuters – September 21, 2009

AuctionPoint, Inc. today announced that results from the first three auctions using its first-of-its-kind online auction platform prove that it is an effective solution to the next wave of distressed commercial properties. During a four-hour plus absolute auction for each property, more than 30 qualified bidders logged onto the Web sites for the different properties and actively outbid each other 177 times. On average, the winning bids were 49 percent higher than the initial bids.
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Going, Going...Online

Wall Street Journal – September 16, 2009
By Anton Troianovski

If you want to buy the former Procter & Gamble Co. complex in Dayton, Ohio, there is no need to call a broker -- online bidding begins next month. Real-estate and Internet companies have been pushing online auctions recently, saying they are a way to shed light on what values are and clear out what could be a big supply of distressed commercial property. Whether the strategy will catch on is far from clear, but at least two new commercial real-estate online auction platforms have been launched this month.
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New Auction Firm Puts Brokers in Charge

GlobeSt.com – August 17, 2009
By Bob Howard

Technology entrepreneur Joe Tang and real estate developer Keith Yang have launched a new company called AuctionPoint that provides an online auction platform designed to put brokers in charge of their own auctions. The new firm already has signed up brokers from CB Richard Ellis, Cushman & Wakefield, Voit Real Estate Services and Collins Commercial that will auction off five properties via the AuctionPoint.com system.
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Broker Friendly CRE Auction Platform Created

MortgageOrb.com – September 16, 2009

Marina del Rey, Calif.-based AuctionPoint Inc. has launched an online commercial real estate auction platform that allows local brokers to customize and manage the auction of a featured property. AuctionPoint co-founder and CEO Joseph Tang say the technology gives brokers greater control than other online auction platforms do.
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CBRE, Cushman Among Brokers Looking to Get in On Auctions via Online Platform

Commercial Property Executive – August 12, 2009
By Adam Perrotta

A quartet of high-profile commercial property brokerages have turned to a new online platform to get their collective foot into the door of a sector of the industry that has typically been closed off to services firms—the auction. With the number of distressed assets skyrocketing as property owners face financial pressures on all sides, auctions are becoming increasingly prevalent.
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