Sperry Van Ness Produces National Online Real Estate and Loan Auction Taking Place October 23rd - 25th

IRVINE, Calif., Oct. 11, 2012 /PRNewswire/ -- Sperry Van Ness International Corporation, a commercial real estate brokerage franchisor, announced today that it is the final call for bidders to schedule property tours for its upcoming national online real estate and loan auction. Taking place October 23-25, 2012, the auction includes more than $180 million in single assets, loans and portfolios located coast to coast. 

Aimed at major companies, banks, REITs and institutional owners who want to clear their books by year's end, this auction features over 100 quality and income producing properties, including retail, office, industrial, hospitality, multi-family and specialty use assets and loans.  More than 90% of the properties are being offered and sold with an aggressive published opening minimum bid.

A detailed explanation of what prospective buyers need to do to register is available on the web site http://www.svnauctionevent.com/Buyers.aspx - and a complete list of properties for sale is available here - http://www.svnauctionevent.com/Event-Listings.aspx. To schedule a property tour, please contact the individual property's broker listed on each of the property pages.

"We are proud to organize an event where our clients and potential clients who have a need or a desire to close before year-end can do so through an online auction process," said Kevin Maggiacomo, President and CEO of Sperry Van Ness International Corporation.  "This is an exciting event and we are confident every property will get the bidding activity it deserves."

Reflecting Sperry Van Ness' commitment to the spirit of collaboration and cooperation for the client's benefit, there is only a 2.5 percent buyer's premium. Every asset offers a separate 50 percent buy-side broker cooperative fee of the listing commission. Sperry Van Ness auction affiliates have successfully completed over 26,000 transactions nationwide and abroad.

The Auction Event's national participants include:

• First American Title and Escrow Services
• AuctionPoint, a LoopNet Partner
• RW Kline Companies for Loan Sales
• Sperry Van Ness® Asset Recovery Team (SVNART)

About Sperry Van Ness International Corporation

Sperry Van Ness International Corporation, a commercial real estate brokerage franchisor, is one of commercial real estate's most recognizable brands, based on the annual Lipsey Survey. The Sperry Van Ness organization includes more than 175 locations in 36 states. With headquarters in Irvine, Calif., Sperry Van Ness commercial real estate advisors provide brokerage, tenant representation, consultation, asset management, property management, leasing, accelerated marketing and auction services. Sperry Van Ness advisors represent clients in office, multifamily, retail, industrial, self-storage, hospitality, marina and land transactions.  For more information, please visit www.svn.com.

All Sperry Van Ness offices are independently owned and operated. 

SOURCE Sperry Van Ness International Corporation