Archive for October, 2013

PA Picks – Shopping Around for Retail…

October 29th, 2013 by Ori Klein

It’s nearing the end of the year and the holidays are right around the corner. Holidays mean gifts and gifts mean shopping, so in honor of consumer purchasing we are picking some prime retail properties hitting the auction block.

Check out Ohio Real Estate Auctions’ two-story former hardware store in Cleveland, Ohio. This property sits on a 140’x220’ lot and includes two adjacent residential lots behind the main building. The first floor hosts an open layout, with a 16’x15’ office area and 25’x15’ kitchen area; the second floor provides several rooms ready to be remodeled. This property also supplies a large buildable attic and basement, as well as frontage on a main road. PA is picking this one for its versatility – the flexibility and space of the property, along with an included classic two-story pole barn, make this offering full of potential for various income-producing opportunities. Auction date is November 16th.

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Athletes are Opening Their Homes to the Highest Bidder

October 24th, 2013 by Ori Klein

Image Source Concierge Auctions

It’s no secret that celebrities seem to acquire excessively elaborate homes, where features such as a bowling alley and indoor swimming pool are almost a necessity. Famous athletes are fond of these sprawling mansions as well, though it seems that many can forget to tabulate the cost of maintenance when purchasing such an enclave. And although the housing market is slowly starting to improve, today’s home buyers are seeking more economical living spaces rather than overblown McMansions that carry astronomical monthly upkeep. Hence, many top athletes have recently been going the auction route to sell their homes – sometimes by choice, sometimes not. Read the rest of this entry »

PA Picks – Perfect for a Holiday Getaway… or Any Other Kind of Getaway

October 11th, 2013 by Ori Klein

With cooler temps now in full swing, many are getting visions of beachfront property dancing in their heads. This week, we spotted an ideal opportunity to own – or invest in – a piece of island paradise.

Check out Drew Pittman Auctions’ oceanfront property in Turtle Rocks on Abaco Island in the Bahamas. Being sold in 5 tracts and located only 165 miles east of West Palm Beach, Florida, this aquatic oasis is home to world-class boating, fishing, sailing and scuba diving. With four oceanfront tracts at 12-16 acres and one 44-acre tract, the lucky winning bidder will have plenty of space and options to capitalize on this prime coastal property. Situated only 10 miles from Marsh Harbour Airport, the location offers easy access for travel plans, as well as the benefits of the various restaurants, resorts and historical charm of the Marsh Harbour area. PA is picking this one for its sheer beauty – surrounded by the turquoise ocean and white sandy beaches, this is the epitome of exquisite escapes. Online auction is from October 15th through November 15th.

RealtyBizNews Publishes Article from PropertyAuction on Women Auctioneers

October 10th, 2013 by melissa

Check out’s article in RealtyBizNews that covers women in the field of auctioneering, specifically in real estate auctions. The National Auctioneers Association estimates that women comprise approximately 7% of auctioneers in the United States. We have found that those in that 7% are a powerful force in the real estate auction field and have a beneficial perspective on succeeding in this specialized arena. Several nationally recognized women auctioneers spoke with us for this article and shared their perspective. Take a look at the story in full:

Spotlight On: Stephanie Wilkinson, Chief Operating Officer, Sheldon Good & Company

October 4th, 2013 by melissa

Spotlight on . . .Stephanie

We recently spoke with Stephanie Wilkinson, Chief Operating Officer of Sheldon Good & Company. Representing a host of clients with varied portfolios that include residential properties, developmental land and commercial institutions, Stephanie’s expertise in the real estate auction industry applies to all facets of every deal. We recently spoke with Stephanie on several topics including the current economy and recent uptick of real estate sales, social media marketing, online auctions and what lies ahead for 2014.

PA: Tell us about Sheldon Good and your role with the company.
SW: Sheldon Good & Company has a 45-year track record of proven results. We have sold billions of dollars of properties and have the highest closing ratio in the industry. Our firm specializes in analyzing real estate and creating the proper deal structure to maximize return, utilizing a sophisticated array of alternative sales strategies that include open-outcry auction programs, sealed bid offerings, private sale campaigns, phased auction plans and structured loan sales throughout North America and the Caribbean. As COO, I oversee a team of real estate professionals that develop and execute the disposition strategies for all of our real estate transactions. This includes evaluating potential real estate opportunities, crafting the specific sales program, developing and executing the marketing campaign and effectively concluding the sale of the asset. Read the rest of this entry »

PA Picks – We’re Going Commercial…

October 4th, 2013 by Ori Klein

The country has been quite active as of late – the real estate market and national economy steadily rising, yet the government has decided to close its doors for awhile. This latest development has quite a few real estate professionals wondering how it will affect the current financial climate, where being proactive in finding a lucrative deal is at the top of many an investor’s list. This week we’re taking a look at some of those potential deals in the commercial sector.

Check out Key Auctioneers’ court-ordered, absolute auction of a one-story, 2,983sf commercial office building in Peoria, Illinois. Sitting on .5 acres and furnishing a 1,500sf walk-out basement, this property offers a substantial high-end build-out with private offices, conference room and kitchen area. And let’s not forget to mention the public utilities and paved parking lot. PA is picking this one for its prime location, situated on busy West Glen Avenue with quick and easy access to I-74. Auction date is October 29th.

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