New America Network readies 'Super Auction'.A "Super Auction" of up to $200 million worth of commercial real estate properties from throughout the Northeast United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. -- one of the largest mass sales of real estate of all time -- has been announced by New America America [for Amerigo Vespucci], the lands of the Western Hemisphere—North America, Central (or Middle) America, and South America. The world map published in 1507 by Martin Waldseemüller is the first known cartographic use of the name. Network, real estate's largest network of brokers, and its auction partner, Michael Fox Michael Fox may refer to:
Scheduled for Oct. 27, the one-day auction will have for sale some of the most significant property available in the region. Eligible properties are office, retail, industrial, multi-family and hotel/motel property with a minimum appraised value An appraised value (USA) or mortgage valuation (Australia) pertains to the assessed value of real property in the opinion of a qualified appraiser or valuer. It is usually used as a pre-qualification & risk-based pricing factor related to the issuance of mortgage loans by a of $500,000 and a maximum appraised value of $10 million.
The auction offers sellers the opportunity to pool their properties in a sales event Noun 1. sales event - an occasion (usually brief) for buying at specially reduced prices; "they held a sale to reduce their inventory"; "I got some great bargains at their annual sale"
cut-rate sale, sale that will attract the most prominent investors in real estate. Financial institutions, insurance companies, the government and corporations with unwanted property assets are among the sellers this auction is expected to attract.
New America Network is currently reviewing properties proposed for the auction and prequalifying them before acceptance; a maximum of 50 properties will be accepted.
The auctioneering will be done by Baltimore-based Michael Fox Auctioneers, and New America Network will gather and screen prospective properties and market the event.
Additionally, New America's member-broker firms in local markets will handle the evaluations, showings and targeted follow-up follow-up,
n the process of monitoring the progress of a patient after a period of active treatment.
follow-up plan marketing for the properties in their respective markets. New America has more than 20 full service offices in the Northeast region available to assist in the auction.