RealtyBid, Marcus & Millichap Launch CRE Auction Site

e auction company RealtyBid has partnered with the Marcus & Millichap Special Assets Group (MMSAG) to develop CommercialBid.com, a bidding site for commercial real estate assets. The new website officially launched July 1 with a bidding event offering commercial property and commercial loans valued at more than $60 million from MMSAG. ‘RealtyBid has been watching the commercial market for the past two years and evaluating the timing of rolling out a commercial auction strategy," explains RealtyBid.com CEO and President Tony Isbell. The new online auction brand can help accelerate the marketing process for lenders and private sellers, adds Jacob Steele, director of MMSAG. SOURCES: [link=http://www.realtybid.com]RealtyBid[/link], [link=http://www.marcusmillichap.com]MMSAG

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