Prime Retail Locations are in Phoenix, Las Vegas and Various California Cities
CBRE Auction Services to Auction the Sites ‘Absolute’ –
Regardless of Price – on June 7th and 9th
Phoenix, AZ – April 27, 2011 – (RealEstateRama) — A portfolio of eleven prime former 76-Conoco Philips service stations (most vacant parcels) and one restaurant, located in Phoenix, AZ; Las Vegas, NV; Oakland, Carpinteria, Pomona, Stockton, Turlock, Rodeo, Corcoran, CA, are to be sold at two auction events in early June through CBRE Auction Services.
The first auction for the Phoenix, Las Vegas and southern California properties will be held on Tuesday, June 7th at the Scottsdale Doubletree Paradise Valley Resort, 5401 N. Scottsdale Road; the second, for the northern California properties, will be held on Thursday, June 9th in Oakland at the DoubleTree Livermore, 720 Las Flores, Livermore, California. Both auctions will offer simultaneous real-time online bidding in conjunction with the live auctions.
“This auction provides a rare opportunity for an investor to acquire multiple strategically-located sites, many on corners at key intersections, with development opportunities ranging from retail to residential to office,” said Paul Galanis, managing director of CBRE Auction Services.
According to Douglas Johnson, managing director CBRE Auction Services, “Our seller/client has opted for the auction process to quickly dispose of these assets, which are not core to his real estate holdings. Moreover, he is committed to selling the properties to the highest bidder by offering them ‘absolute’, regardless of price.”
Registration for each event begins at 11:00 am PDT, and the auction commences at 12:00 pm PDT. A certified or cashier’s check is required to bid, amounts vary per property. Auction Information Seminars will be held by appointment only. CBRE representatives will be available to answer questions about the auction process and procedures, as well as the properties. Detailed property information will also be available at CBRE’s website for review. For Terms and Conditions and other information about the auction call CBRE Auction Services at 800-815-1038 or visit www.cbre.com/auctionservices.
CB Richard Ellis Auction services assists lenders, investors and other owners in the disposition of commercial real estate assets. The group joins forces with CBRE experts within each business line to develop a comprehensive marketing program designed to achieve our client’s goals and sell the asset(s) on a date certain. Douglas Johnson, Paul Galanis, and Jeff Barrett lead the group. More information on CBRE Auction Services can be found at www.cbre.com/auctionservices
About CB Richard Ellis
CB Richard Ellis Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services firm (in terms of 2009 revenue). The Company has approximately 29,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 300 offices (excluding affiliates) worldwide. CB Richard Ellis offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. CB Richard Ellis has been named a BusinessWeek 50 “best in class” company for three years in a row. Please visit our Web site at www.cbre.com.
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