News
Sold! Auctions Still Popular
June 2, 2014
Congrats to Auction.com CEO Jeff Frieden, who's a finalist for EY Entrepreneur of the Year 2014 in the Orange County Region. It’s been a good few years for his company, which has sold about $20B in real estate assets since 2010. A recent $50M investment by Google Capital is expected to further solidify the company’s position in online real estate sales. Real estate auctions get a lot of traction during downturns, when owners want to get out fast, but Jeff tells us that he’s now seeing a lot of non-distressed property owners who see the method of sales as a workable alternative to more conventional sales. (It's also great for germaphobes.)
