News
FACE OF THE AUCTION
July 25, 2011
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| Are you in the market for 45 acres of retail land in Waukegan? How about an operating hotel and water park in Williamsburg, Iowa? Those are a couple of the seven properties that will be up for auction on Aug. 10 at the Hyatt Rosemont, with CBRE's Doug Johnson and Paul Galanis leading the bidding. Doug and Paul started up the CBRE Auctions team in Chicago mid 2010 and are starting to see lots of name recognition, leading to new auctions all over the country. | |
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| Doug tells us that auctions have remained steady during the recovery as property owners looks for a quick way to sell. This auction is especially loaded with hospitality and industrial properties: a 49-room Guesthouse Hotel in Markle, Ind., a 144-room Clarion Hotel and the Wasserbahn Water Park in Williamsburg, Iowa, a 159k SF vacant industrial property in Chicago, and an 89k SF warehouse in Des Moines. Doug says he's expecting a lot of owner-operator bidders on those properties. Another unique perk? It will be webcast, so bidders can bid online if they can't make it to Rosemont. |
