Spotlight On: David E. Gilmore, CCIM, CAI, AARE – Sperry Van Ness/Gilmore Auction & Realty Company

February 22nd, 2012 by Ori Klein

Spotlight on . . .David E. Gilmore

This month we’re putting our Spotlight on David E. Gilmore, national auctioneer, managing director and Chief Operations Officer for Sperry Van Ness Accelerated Marketing Company/Gilmore Auction & Realty Company. With over 25 years of experience in the industry, David’s background covers all facets of real estate. We recently spoke to David on several topics including the current market, bank-owned properties, and online auctions.

PA: Describe your company and your affiliation with Sperry Van Ness (specialties, longevity, experience, etc.).
DG: I started Gilmore Auction & Realty just after graduating from college in 1983 here in New Orleans just when the 80′s downturn had started. My first auction was a single condo and no one showed up, which was devastating but I managed to recover. Later, our firm put together large multi-property, multi-seller auctions of REO properties for several years, then sold for the RTC and FDIC. While we have sold almost everything except livestock in the beginning years, for the last 15-20 years it has only been real estate: homes, lots, acreage, office, apartments, industrial, retail, etc. Read the rest of this entry »

PA Picks – Bring Along your Clubs and Caddy

February 22nd, 2012 by Ori Klein
It’s tee time at the auction block! This week we’re exploring some golf courses being put up for sale via the auction route. These niche properties could be the next ace in the hole for advantageous investors with grand plans on the green.
Take a look at REI Auctions 154-acre golf course with an additional 336 acres to play with located in Bristol, Tennessee. Adjacent to the Bristol Motor Speedway, this property will be offered in 10 tracts dividing the golf course, or auctioned as a whole. PA is picking this one for its plethora of lucrative recreational possibilities: with several buildings sitting on vast lush greens, the area is ideal for activities including go-carts, ziplining, hosting an RV Park, and of course, golfing for avid players and miniature enthusiasts as well. Auction date is April 5th.
Read the rest of this entry »

PA Picks – Hunting for a High-End Home?

February 8th, 2012 by melissa
Recently, there’s been a lot of buzz about the increase of luxury homes hitting the auction block in the hopes of making a deal. With an accelerated marketing plan and promise of a quick closing, owners of mega-mansions and penthouses are seeing the upside of the auction method of sale. This week, PA is taking a look at some posh picks on the auction calendar.

Spotlight On: John Dixon, Founder/Chief Executive Officer, John Dixon & Associates

January 25th, 2012 by Ori Klein

Spotlight on . . .John Dixon

This month, we’re putting our Spotlight On John Dixon, Founder and Chief Executive Officer of John Dixon & Associates. With more than 30 years experience in the auction business, John has worked with all real estate property types and is now handling numerous auctions with financial institutions. We spoke to John on several topics including today’s market in relation to bank-owned properties, the success of online auction bidding, and what’s ahead for 2012.

PA: How would you describe your organization (i.e., specialties, longevity, experience, etc.)?

JD: We are strictly real estate auctioneers. If we run across equipment that somebody wants to sell along with their land, we will affiliate with someone to sell that equipment. Eighty percent of our business these days is for financial institutions – either general banks or directly for FDIC. I would say with the market we’re in now, we’re institutional real estate auctioneers.

PA:   Your website states that you’ve been exclusively in the auction industry for the past 30 years. Have you seen a pattern in auction cycles over the years, and in light of the tumultuous market now, how do you think the past few years have been different in the auction business? Read the rest of this entry »

PA Picks – Some Properties You May Find Accommodating

January 23rd, 2012 by melissa
There are a wide range of hotel and motel options to choose from when traveling. From modest roadside establishments to five-star resorts, those on a business or pleasure trip have a vast selection from which to pick their temporary residence. This week, PA is looking at some properties in the accommodation sector that may be of high appeal for those looking to invest in this lucrative industry.
Take a look at Micoley & Company’s 56,073sf hotel in Dixon, Illinois. Located near various historical sites, this full-service property is equipped with 89 rooms and parking for 160 cars. PA is picking this listing for its amenities, including a pool area and dining room with full kitchen. Auction date is February 11th. Read the rest of this entry »

PA Picks – Try Capitalizing on Convenience

January 9th, 2012 by melissa
Who doesn’t love a good convenience store? We’ve all grown accustomed to having a reliable 7-11, Quick Chek or Wawa close by to get that box of Twinkies or 20 oz. cup of fresh brew at any time of day or night. Since these faithful portals of consumer goods always bring in customers, many entrepreneurs see their lucrative potential. This week we’re looking at some convenience stores that could be the next business opportunity for some lucky bidder.

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