November 12, 2009 at 18:45 PM EST
Commercial Real Estate Auctions Rev Up
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. "Bankers are telling us they have limited time and capital to continue carrying unproductive loans," said Jeff Frieden, CEO of Real Estate Disposition Corp. "They're looking for an exit strategy." The
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