Auction.com Sells $14 Million CRE Assets

Irvine, Calif.—Auction.com, an online real estate marketplace, facilitated the closing of six commercial assets totaling more than $14 million in purchase price and two commercial notes totaling $465,000 in value during the week of July 31, 2013.

Among the largest properties sold was Madison Center, a 227,088-square-foot shopping center in Madison Heights, Mich. It was listed by Friedman Integrated Real Estate Solutions and closed on July 30.

During the week of July 31, commercial assets represented in six states closed after selling on Auction.com. They ranged across sectors from retail to office to hotel.